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Sharon Stone Tearfully Reveals She ‘Lost Half’ Of Her Money In The Silicon Valley Bank Collapse

Sharon Stone was at a recent Women’s Cancer Research Fund fundraiser to receive the Courage Award. During his speech, Stone tearfully revealed he had just lost half of his fortune in the recent collapse of Silicon Valley Bank.

Silicon Valley Bank has been shut down after it disclosed a $1.8 billion loss from the sale of its bond holdings. In addition to losing so much money, Stone recently lost his brother, Patrick, to heart disease at the age of 57.

Read on to learn more.

Sharon Stone Says She ‘Lost Half’ Her Money

Sharon Stone's Nephew Hospitalized, On Life Support, With 'Total Organ Failure'MEGA

Sharon Stone broke down in tears during her acceptance speech for the Courage Award at a recent Women’s Cancer Research Fund (WCRF) fundraiser. The “Basic Instinct” actor shared that it took a lot of “guts” to donate to the cause because he just lost “half” of his fortune.

He said, per Page Six, “I know what you have to do and figuring out how to text money is hard. I’m a technical idiot, but I can write af**king check. And now, that’s courage too, because I know what’s going on. I just lost half my money on this banking thing, and that doesn’t mean I’m not here.”

However, Stone did not explain exactly what “banking thing” had caused him to lose so much money, but it may have been the recent collapse of Silicon Valley Bank. The Benefit Gala, where the actress told about her loss, was held in Beverly Hills and had other star guests such as Rachel Zoe and Rebel Wilson.

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Silicon Valley Bank Has Closed

Sharon Stone Tearfully Says She 'Lost Half' Of Her 'Money' In Silicon Valley Cliff CollapseMEGA

Last week, the California Department of Financial Protection and Innovation shut down Silicon Valley Bank, a move that surprised many. The decision comes after the bank revealed it suffered a loss of $1.8 billion after it sold its bond holdings for $21 billion.

follow HuffPost, after the announcement, thousands of customers rushed to withdraw their money from banks, affecting large companies like BuzzFeed and many others. Former US President Donald Trump has since responded to SVB’s collapse by unsurprisingly blaming it for the “awakening” of society.

However, President Joe Biden issued a statement that the bank’s executives should face heavy fines and bans for their actions. He then assured Americans with money in SVB that “the country’s banking system is safe”. Biden also noted that people’s deposits will “be there when you need them.”

His brother just died of a heart attack

Sharon Stone's Nephew Hospitalized, On Life Support, With 'Total Organ Failure'MEGA

During her speech at the Women’s Cancer Research Fund fundraiser, Stone also mentioned the recent death of her brother, Patrick Stone. Patrick, who lost a son, River, to total organ failure, died last month of heart disease.

The “Disaster Artist” actor said, “My brother just passed away, and that doesn’t mean I’m not here. It’s not an easy time for any of us.” He continued, per Page Six, “These are difficult times in the world, but I tell you what, I don’t have politicians telling me what I can and can’t do, how I can and can’t live, and what my life is worth and not. So stand up. Stand up and say what you are worth. I challenge you. That is courage.”

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Sharon Stone mourns the death of her brother Patrick StoneInstagram/sharonstone

In 2021, Stone spoke about his nephew River’s health on social media about a week before his death, calling on fans to pray for his recovery. She posted a picture of the baby connected to various machines and wrote the caption, “My niece and godson River Stone was found in her crib with complete organ failure today. Please pray for her. We need a miracle.”

Sharon Stone’s Health Journey

Sharon Stone at the Screening "Forever Young (Les Amandiers)" during the 75th annual Cannes film festival at the Palais des Festivals on May 22, 2022 in Cannes, France.MEGA

Stone himself has undergone several surgeries to combat various health problems. In 2001, the actress underwent surgery to remove a benign tumor from her breast, which she called “giant, bigger than my breast alone.” Stone also claims that during breast reconstructive surgery, the surgeon gave her larger implants without permission.

She wrote about the experience in her memoir, which read, “He had changed my body without my knowledge or consent.” In November 2022, Stone revealed she was misdiagnosed with Cancer until surgery revealed it was just a “large fibroid tumor.”

During the conversation with People’s Magazine at the fundraiser, Stone reflected on misdiagnosis and surgical removal. The 65-year-old also revealed that she had undergone another surgery to remove some breast tissue, which she kept a secret from the public and fans.

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