AMERICANALMANAC (Alex Tanzer) - From a 600-foot tunnel to a $12 billion Lakers deal: how the Kushner family built two separate fortunes
Josh Kushner and former Disney chief Bob Iger emerged this week as co-leaders of a group buying the Los Angeles Lakers for more than $12 billion, the latest milestone in a three-generation family rise that began with Holocaust survivors building modest homes in New Jersey. The deal caps a remarkable stretch for the younger Kushner […] The post From a 600-foot tunnel to a $12 billion Lakers deal: how the Kushner family built two separate fortunes appeared first on American Almanac .
Josh Kushner and former Disney chief Bob Iger emerged this week as co-leaders of a group buying the Los Angeles Lakers for more than $12 billion, the latest milestone in a three-generation family rise that began with Holocaust survivors building modest homes in New Jersey. The deal caps a remarkable stretch for the younger Kushner brother, whose venture-capital firm Thrive Capital now manages roughly $25 billion and whose personal fortune Forbes pegs at $5.2 billion. His older brother Jared, meanwhile, runs a separate investment firm out of Miami that was managing more than $5.4 billion by September 2025. Both men are billionaires. Neither inherited his wealth from the other's enterprise. And the family story that produced them starts not…Open
AI:Josh Kushner and former Disney executive Bob Iger have emerged as leaders of an investment group acquiring the Los Angeles Lakers for over $12 billion, a landmark deal that marks a massive expansion of the Kushner family's multi-generational wealth. The dynasty has evolved from its origins with Holocaust survivors Rae and Joseph Kushner in New Jersey to two distinct billionaire empires: Jared Kushner’s ventures involve real estate and significant capital from Gulf sovereign wealth funds, including a recent $55 billion takeover of Electronic Arts, while Josh Kushner’s venture capital firm, Thrive Capital, manages approximately $25 billion following high-profile bets on companies like Instagram and OpenAI. This massive acquisition occurs…Open