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Josh Kushner

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Kushner’s AI Bets Drive Thrive’s Surge as Lakers Bid Looms
business2 days ago

Kushner’s AI Bets Drive Thrive’s Surge as Lakers Bid Looms

Josh Kushner’s Thrive Capital rode bets on OpenAI and SpaceX to a surge in wealth, lifting his net worth to about $16.7 billion and pushing Thrive’s assets under management above $65 billion; a SpaceX IPO boosted Thrive’s SpaceX stake toward $10 billion, Cursor’s $60 billion deal valued Thrive’s stake at about $4.2 billion, and Thrive’s portfolio also includes Amazon, Shopify and Oscar Health. Separately, Kushner and Bob Iger’s $12.5 billion bid to buy the Los Angeles Lakers could unlock further liquidity and may allow for tax-advantaged amortization of intangibles, potentially yielding hundreds of millions in annual tax benefits, though the Lakers stake value remains undisclosed.

via Forbes|
#business#josh-kushner#lakers
Buss Legacy Under Strain as Lakers Ownership Drama Unfolds
sports3 days ago

Buss Legacy Under Strain as Lakers Ownership Drama Unfolds

Byron Scott says Dr. Jerry Buss wouldn’t be happy with the Lakers’ current ownership drama, as the Buss family fights over shares after Mark Walter’s sale to Bob Iger and Josh Kushner, which Jeanie Buss is contesting. Scott urges the new owners to emulate Buss’s fair, family-first leadership and keep the franchise’s culture intact, noting the rapid sale embarrassed the family and highlighting the tension between tradition and modern ownership.

via Lakers Nation|
#bob-iger#jeanie-buss#jerry-buss
Shaq Sees Buss Family Lakers Exit as a Monumental Business Move
business4 days ago

Shaq Sees Buss Family Lakers Exit as a Monumental Business Move

Shaquille O’Neal says he admires the Buss family’s decision to sell their Lakers shares to Bob Iger and Josh Kushner for $12.5 billion, calling it a monumental business move; Jeanie Buss may challenge the sale, potentially triggering a legal battle, while a path for her to stay governor could involve buying back a stake, and reporter Shams Charania stands by his coverage amid the dispute.

via Lakers Nation|
#bob-iger#business#buss-family
Lakers Ownership Drama: Jeanie Buss Eyes Family Share Buyout as Iger/Kushner Deal Looms
sports6 days ago

Lakers Ownership Drama: Jeanie Buss Eyes Family Share Buyout as Iger/Kushner Deal Looms

The Lakers’ ownership saga intensifies as Jeanie Buss reportedly weighs buying out her siblings’ shares to stay governor, a move that could require keeping at least 15% ownership and may be woven into a deal with Mark Walter that would see Bob Iger and Josh Kushner take over his stake and governorship. Jeanie publicly pushed back at Shams Charania’s reporting that the siblings planned to sell, while Charania defended his reporting on a Pat McAfee appearance. Separately, Walter allegedly explored a loan against his Lakers stake with Apollo Global Management as the sale to new owners looms, underscoring the urgency to cash out and the possibility that a sale may be the cleaner outcome.

via Silver Screen and Roll|
#bob-iger#jeanie-buss#josh-kushner
Jeanie Buss Battles Family Sale of Lakers Stake to Iger and Kushner, Citing Controlling-Owner Rule
sports8 days ago

Jeanie Buss Battles Family Sale of Lakers Stake to Iger and Kushner, Citing Controlling-Owner Rule

Jeanie Buss is seeking to halt the Buss family’s plan to sell the Lakers’ remaining stake to Bob Iger and Josh Kushner, arguing that a 2017 court order requires cotrustees to maintain at least 15% ownership so she can remain the controlling owner; the 17.8% sale announced by the family values the deal at $12.5 billion and would leave Iger and Kushner with about 83% of the team, but NBA approval is still pending for the sale.

via Al Jazeera|
#bob-iger#jeanie-buss#josh-kushner
Lakers Sale Moves Forward as Buss Family Plans Exit, Jeanie’s Governor Role in Jeopardy
business8 days ago

Lakers Sale Moves Forward as Buss Family Plans Exit, Jeanie’s Governor Role in Jeopardy

The Buss family intends to sell its remaining Lakers shares, which would force Jeanie Buss to relinquish her governor title under NBA rules and end the Buss era after decades with the franchise. The sale follows Mark Walter’s deal to transfer controlling ownership to Bob Iger and Josh Kushner at a $12.5 billion valuation. The Buss Family Trust must secure at least four of six votes to authorize the sale, with trustees including Jeanie, Janie and Joey Buss; if completed, ownership would shift away from the Buss family and Jeanie’s governorship would likely end, though it’s unclear how she voted or what role she’ll play going forward.

via The New York Times|
#bob-iger#business#buss-family
FBI seizes Mark Walter’s and Guggenheim executive’s phones ahead of Lakers sale
business11 days ago

FBI seizes Mark Walter’s and Guggenheim executive’s phones ahead of Lakers sale

The FBI seized Mark Walter’s phone and Guggenheim Investments president Dina DiLorenzo’s phone amid a probe into Walter-controlled entities, months before Walter agreed to sell the Los Angeles Lakers to Josh Kushner and Bob Iger for $12.5 billion. Authorities are scrutinizing Guggenheim’s private-investments accounting and related-party transactions, with no charges announced as of now.

via New York Post|
#business#fbi#guggenheim-investments
Lakers fetch a record $12.5B sale to Kushner and Iger
business13 days ago

Lakers fetch a record $12.5B sale to Kushner and Iger

Mark Walter is selling the Los Angeles Lakers for a record $12.5 billion to Josh Kushner and Bob Iger, a $2.5 billion gain from his $10 billion purchase 14 months earlier; the sale must be approved by the NBA Board. The Buss family retains a 15% stake; Kushner has Miami Heat ties and discussed Las Vegas expansion; Iger is a longtime Disney executive. The deal comes amid federal investigations into Walter’s firms.

via NBC Sports|
#bob-iger#business#josh-kushner
Infantino seeks White House aid to cling to FIFA throne amid asset-sale controversy
world23 days ago

Infantino seeks White House aid to cling to FIFA throne amid asset-sale controversy

FIFA president Gianni Infantino has sought talks with the Trump administration, arranging a call with Secretary of State Marco Rubio after his plan to spin off FIFA's commercial rights to Thrive Capital collapsed. Insider sources say the move is primarily about protecting his job rather than policy, as dissent grows within FIFA and UEFA contemplates boycotting FIFA-organized events in protest of leadership decisions.

via New York Post|
#fifa#infantino#josh-kushner
Karlie Kloss and Josh Kushner Turn Heads at Swift-Kelce Wedding Amid Invitation Buzz
entertainment1 month ago

Karlie Kloss and Josh Kushner Turn Heads at Swift-Kelce Wedding Amid Invitation Buzz

Karlie Kloss and her husband Josh Kushner were photographed arriving hand-in-hand at Madison Square Garden for Taylor Swift and Travis Kelce’s wedding, addressing weeks of speculation about their invitation. Kloss wore a gold strapless dress with a bold red lip and Kushner wore a classic suit with a bow tie as they joined a star-studded guest list at the New York City ceremony.

via Page Six|
#entertainment#josh-kushner#karlie-kloss
Giants Add Thrive Eternal to Ownership Group in Second Investment
business4 months ago

Giants Add Thrive Eternal to Ownership Group in Second Investment

San Francisco Giants have agreed to bring Thrive Eternal into their ownership group, pending MLB approval, marking the firm’s first permanent-capital investment and the second recent ownership infusion after Sixth Street; the deal comes as the franchise, valued at about $4.05 billion, expands long-term investors and funds upgrades and real estate initiatives around the team.

via New York Post|
#business#josh-kushner#mlb