Sharon Stone: I ‘lost half my money’ in Silicon Valley Bank collapse
Sharon Stone disclosed that she lost half of her wealth, presumably due to the collapse of Silicon Valley Bank. The “Basic Instinct” actress became emotional as she accepted the Courage Award at the Women’s Cancer Research Fund (WCRF) fundraiser on Thursday, mentioning that it took bravery for her to contribute in light of the bank’s failure.
“I know that thing that you have to get on and figure out how to text the money is difficult. I’m a technical idiot, but I can write a f–king check,” she said from the stage.
“And right now, that’s courage, too, because I know what’s happening. I just lost half my money to this banking thing, and that doesn’t mean that I’m not here.”
Stone, 65, admitted her difficulties with technology while donating, but emphasized that she could still write a check. She acknowledged the current challenges but remained committed to her support. Although Stone didn’t provide details on the “banking thing” that led to her financial loss, her speech came in the wake of the SVB collapse and stock market instability.
Last week, the California Department of Financial Protection and Innovation abruptly closed SVB after the bank revealed a $1.8 billion loss from a $21 billion bond holdings fire sale. President Biden reassured Americans of the banking system’s safety.
The actress also spoke about her brother, Patrick Stone, who passed away last month at 57 from heart disease. Stone encouraged others to stand up and express their worth, defining this as true courage.
“My brother just died, and that doesn’t mean that I’m not here. This is not an easy time for any of us,” she shared.
“This is a hard time in the world, but I’m telling you what, I’m not having some politician tell me what I can and cannot do.
“How I can and cannot live, and what the value of my life is and is not,” she continued.
“So stand up. Stand up and say what you’re worth. I dare you. That’s what courage is.”
The WCRF Unforgettable Evening Benefit Gala took place in Beverly Hills, with other celebrities like Rebel Wilson, Nia Vardalos, Rachel Zoe, Lisa Rinna and Harry Hamlin, Julianne Hough, and Chord Overstreet in attendance.
In 2001, Stone underwent surgery to remove large benign tumors and later claimed that the surgeon gave her bigger breast implants without her consent during reconstructive surgery.
