Joshua Kushner has just announced he is teaming up with former Disney CEO Bob Iger to buy the Los Angeles Lakers for a record-breaking $12.5 billion.
The new sale still needs approval from the NBA’s Board of Governors, but it would mark the largest sale price for a professional sports team in U.S. history—and just the latest in Kushner’s string of very lucrative investments.
Joshua Kushner is the younger son of real-estate tycoon Charles Kushner (who was pardoned by President Donald Trump in 2020 and is now the U.S. ambassador to France). His older brother, Jared Kushner, is the son-in-law and former advisor to President Donald Trump, and his wife is the supermodel Karlie Kloss.
But Kushner made a name for himself at just 26 years old when he founded Thrive Capital in 2011. Since then, his firm has backed some of the most notable startups of the past decade, including Instagram, Spotify, and OpenAI.
He previously gave Fortune insight into his investment strategy, hot off the heels on his bet on the ChatGPT maker.
