(PatriotWise.com) — Hollywood icon Sharon Stone said she lost half of her money when the Silicon Valley Bank collapsed. Accepting a courage award at a Women’s Cancer Research Fund gala on March 16th, the star said, “I just lost half my money to this banking thing. And that doesn’t mean that I’m not here.” She held back tears as she spoke, and added that she had recently lost her brother to a heart attack.
Patrick Stone, the actress’s younger sibling, passed away in February, only months after his 11-month-old son River had died from organ failure. The star spoke publicly about her nephew’s tragic death and said that some of his organs had been donated and used to save lives. “The fact that my godson was able to save three lives, two infants and a 45-year-old man, was a sanctuary for our family,” she said.
Stone began to make her fortune when she starred alongside Michael Douglas in the major 1990s hit Basic Instinct. Prior to this, she had been relatively unknown. She went on to star in several major films and was nominated for an Academy Award for her role in Martin Scorsese’s organized crime drama Casino in 1996. Her net worth, according to the website celebritynetworth.com, is around $60 million.
Silicon Valley Bank collapsed in March. It had previously handled assets worth $200 billion. A raise in interest rates and deposit withdrawals caused the bank to crash. It was the second-largest collapse in US history and was followed only days later by the closure of New York-based Signature Bank. In both cases, President Biden assured taxpayers that there would be no government bailout, but some commentators have suggested this might not be realistic, or that there will simply be a bailout by another name. Donald Trump, the favorite to take the Republican nomination for the White House in 2024, said, “Joe Biden is leading us toward a Great Depression — I’ve been saying it for a long time. There should be no bailouts.”
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