Sharon Stone After SVB Collapse: 'I Just Lost Half My Money to This Banking Thing'
Sone was giving a speech at a cancer fundraiser when she addressed her financial woes following the Silicon Valley Bank fiasco.
After delivering an emotional speech at the Women's Cancer Research Fund's (WCRF), An Unforgettable Evening fundraising event, Sharon Stone received a standing ovation. Basic Instinct actress, Oscar nominated, paid tribute to the others honored at the event. She also spoke about her struggles with health and encouraged those present to support the WCRF.
Fox Business reports that Stone had breast reconstruction surgery after benign tumors were removed in 2001. She later discovered that they were large fibroid tumours which required more surgery. In her memoir, The Beauty of Living Twice the 65-year old actress opened up about her health issues, including the fact that she had one-and a half times as much breast tissue removed than originally reported. She shared a touching moment with the crowd about her hairdresser, who did her hair after she had received her first breast cancer treatment. Then she pleaded for more donations to the WCRF.
Although Stone did not give many details, The Hollywood Reporter highlighted Stone’s admission to The Hollywood Reporter that she had "just lost half of my money to this bank thing." This was most likely to refer to the recent collapse at Silicon Valley Bank (SVB), and subsequent financial market turmoil. After a liquidity crisis, regulators shut down the California-based bank that primarily served tech start ups. Since then, the government has announced plans to make sure customers have access to their funds.
Stone also discussed her brother Patrick Stone's recent death from heart disease. Stone said that "my brother just died" but that it doesn't mean she's not here. This is not an easy time. It is hard times in the world. But I assure you, this is not a time when I need to be told by politicians what I can or cannot do. What I can and can't do, and what my life means to me. Stand up. This is what courage looks like.