
August 14th, 2026
Josh Kushner, a 41-year-old billionaire tech investor, has long avoided the spotlight despite his famous surname.
That changed this week when he and former Disney CEO Bob Iger agreed to buy the NBA’s Los Angeles Lakers from Mark Walter.
The deal values the team at $12.5 billion, the highest price ever for a sports team sale.
Kushner is the younger brother of Jared Kushner, President Donald Trump’s son-in-law.
He founded the venture capital firm Thrive Capital in 2009 and health insurer Oscar Health in 2012.
Forbes estimates his net worth at about $5 billion.
He previously owned a minority stake in the Memphis Grizzlies and later bought into the Miami Heat.
Iger, 75, ran Disney for two stints over two decades.
He joined Thrive Capital as a venture partner in 2022 but left months later to return to Disney.
Iger said the Lakers deal came together in three days after he and Kushner learned Walter might sell.
He confirmed they had also pursued an NBA expansion team in Las Vegas.
Kushner and his wife, Karlie Kloss, have said they do not share the conservative views of his brother and father.
Kushner has donated to progressive candidates, and Iger describes himself as a political independent.
Iger grew up a Knicks fan and later became a prominent Clippers supporter, making his Lakers ownership a notable shift.
August 14th, 2026

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