Friday, August 14, 2026 SourcesAbout🌓
🇺🇸 US ▾
BREAKING
Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials Podcast: One country musician is calling for other artists to oppose assault rifles Bidets save you money and reduce waste — we tested the best options out there 50+ products to make your life easier and our planet cleaner Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love A head-to-toe guide of how men should dress this spring, and where they should shop 42 of the most useful travel products you can buy on Amazon The 7 best high-yield savings accounts of April 2023 Taxes are due tomorrow. Here's how to file for an extension Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials Podcast: One country musician is calling for other artists to oppose assault rifles Bidets save you money and reduce waste — we tested the best options out there 50+ products to make your life easier and our planet cleaner Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love A head-to-toe guide of how men should dress this spring, and where they should shop 42 of the most useful travel products you can buy on Amazon The 7 best high-yield savings accounts of April 2023 Taxes are due tomorrow. Here's how to file for an extension
Business

41-year-old Josh Kushner’s World Cup privatization scheme fell apart. Then he became the Lakers co-owner days later

Fortune ·
41-year-old Josh Kushner’s World Cup privatization scheme fell apart. Then he became the Lakers co-owner days later

For a billionaire and a tech investor who also has one of the U.S.’ best-known surnames, Josh Kushner has managed to stay off the front pages and out of the world’s broader discourse to a remarkable degree.

That’s all changed this summer, at least in the parts of the world with a passion for sports.

The 41-year-old Kushner and his partner, former Disney CEO Bob Iger, reached a stunning agreement this week to buy the NBA’s Los Angeles Lakers from Mark Walter at a valuation of $12.5 billion — the highest ever for a team sports sale.

It’s been a wild two weeks for the 41-year-old Kushner, who followed up his failed attempt to purchase a stake in future World Cup profits in a much-criticized plan orchestrated by FIFA President Gianni Infantino by acquiring the glamorous Lakers in a shockingly swift deal.

Until this month, many people didn’t even know that Jared Kushner — President Donald Trump’s son-in-law and his longtime lieutenant in government — had a younger brother with a thriving business empire, a supermodel wife and a passion for basketball.

While Josh Kushner avoids the spotlight and rarely grants interviews, the success of his venture capital investment firm, Thrive Capital, has boosted him to mogul status in the past few years.

Forbes estimates Kushner’s net worth at about $5 billion.

Kushner’s partner in this historical venture is no secret to anybody, at least in Los Angeles or the entertainment industry or the larger business world.

The 75-year-old Iger ran The Walt Disney Co. for two stints over the past two decades, leading the Hollywood behemoth into the streaming age before he stepped away from the Mouse earlier this year.

Los Angeles is still reeling from the surprise of this deal: Just 10 months after Walter — the owner currently presiding over the renaissance of the back-to-back World Series champion Dodgers — formally took control of the Lakers, he essentially flipped them for a possible multibillion-dollar profit to two new owners with none of Walter’s sports ownership experience or credibility among Southern California fans.

So who are the two men suddenly in charge of LA’s 17-time NBA championship team? Kushner and Iger were reportedly introduced by their significant others The son of a real estate mogul, Kushner founded Thrive Capital in 2009 and health insurance company Oscar Health in 2012.

Thrive Capital grew with early investments in OpenAI and SpaceX, among other tech companies.

He remains close with OpenAI CEO Sam Altman.

Kushner and Iger reportedly first met eight years ago after they were set up by Iger’s wife, Willow Bay, and Kushner’s then-girlfriend, Karlie Kloss, whom he has since married.

Read the full article on Fortune ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on fortune.com — the content belongs to Fortune.

More from Fortune

See all ›

More in Business

See all ›