Bloomberg reported on Oct. 8 that 41-year-old Josh Kushner has been at the center of several high-profile deals this year. The Bloomberg Billionaires Index estimated his net worth at about $17.5 billion and showed that he entered the world’s top 500 for the first time. Kushner founded venture capital firm Thrive Capital 16 years ago, and the firm is now moving beyond backing startups and growth-stage private companies into public-market investing while also holding trophy assets for the long term. The report said those transactions ranged from SpaceX’s IPO to the record purchase of the Los Angeles Lakers and a FIFA deal that fell apart within days. Thrive Eternal took part in the financing for the Lakers acquisition, which was priced at $12.5 billion. Bloomberg also said Thrive’s recent investments include Amazon and Shopify. In a separate development, Thrive Holdings has raised more than $2 billion to acquire businesses in areas such as accounting and IT services, then remake them with artificial intelligence.
Bloomberg reported on Oct. 8 that 41-year-old Josh Kushner has been at the center of several notable deals this year. The Bloomberg Billionaires Index estimated his fortune at about $17.5 billion and showed that he entered the global top 500 for the first time.
Thrive Capital expands beyond private-company investing
Kushner founded venture capital firm Thrive Capital 16 years ago. According to the report, the firm is expanding from investing in startups and growth-stage private companies into public markets, while also holding trophy assets for the long term.
Deals cited in the report
Bloomberg said the transactions ranged from SpaceX’s IPO to the record acquisition of the Los Angeles Lakers, as well as a FIFA deal that collapsed within days. Among them, Thrive Eternal participated in the financing for the Lakers acquisition at a $12.5 billion price.
Thrive’s recent investments also include Amazon and Shopify. Separately, according to the report, Thrive Holdings has raised more than $2 billion to acquire companies in accounting, information technology services and other sectors, then overhaul them with artificial intelligence.
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