Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleAmerican billionaire Josh Kushner and former Disney executive Bob Iger are acquiring a controlling stake in the Los Angeles Lakers for a record-breaking $12.5 billion. Kushner, 41, is the founder of Thrive Capital, co-founder of Oscar Health, and a former minority owner of the Memphis Grizzlies. He’s married to supermodel Karlie Kloss, with whom he shares three kids.He is the younger brother of Jared Kushner, who is married to President Trump’s daughter, Ivanka Trump.The Lakers' acquisition coincides with controversy surrounding Kushner's role in a collapsed $4.2 billion plan to buy a stake in FIFA competitions. UEFA sent a letter to Kushner warning of potential legal action and demanding the preservation of all documents related to the FIFA deal. In fullEx-Disney head Bob Iger partners with Josh Kushner to buy Los Angeles Lakers for a staggering $12.5 billionMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

The legacy NBA franchise was transferred from the Buss family last year at a $10 billion valuation.

One year after buying a controlling interest in the Los Angeles Lakers from the Buss family, team owner Mark Walter is now selling the historic NBA franchise.