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Kushner Eyes Lakers for $12.5B with Iger
12 Aug
Summary
- Josh Kushner is reportedly buying the Los Angeles Lakers for $12.5 billion.
- Thrive Capital, founded by Kushner, backs OpenAI and SpaceX.
- Kushner founded Oscar Health, a health insurance company.
- Thrive Capital has invested in A24, SKIMS, and Spotify.
Josh Kushner, a notable investor and founder of Thrive Capital, is reportedly planning a significant acquisition: the Los Angeles Lakers, with an estimated price tag of $12.5 billion. He is collaborating with former Disney CEO Bob Iger on this venture. Kushner's firm, Thrive Capital, has built a substantial investment portfolio, demonstrating a keen eye for high-growth companies.
Thrive Capital's investments span various sectors, including major technology firms like OpenAI and SpaceX, as well as popular consumer brands such as SKIMS and Spotify, and the film studio A24. The firm also holds minority stakes in sports franchises, including the San Francisco Giants and Miami Heat. Additionally, Thrive Capital has an offshoot focused on AI-driven modernization of traditional industries.
Kushner, who also founded Oscar Health, a health insurance company, has an estimated net worth of $5 billion. While his investments have largely been successful, he recently faced scrutiny over a controversial plan involving FIFA and World Cup tournaments. This Lakers bid may signal a pivot and a new chapter in his sports investments.
