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