Josh Kushner moves into spotlight after stunning purchase of Lakers with partner Bob Iger
Josh Kushner, a billionaire and tech investor with one of the most prominent surnames in America, has suddenly become a prominent figure in sports as he enters the spotlight following the purchase of the NBA's Los Angeles Lakers alongside his partner, former Disney CEO Bob Iger. The 41-year-old Kushner and Iger paid a staggering $12.5 billion for the team, making it the most expensive sports sale ever recorded.
Kushner, who has managed to stay out of the public eye for the most part, has seen his profile rise dramatically in the past few weeks. Until recently, many people were unaware of Kushner's brother, Jared Kushner, who served as President Donald Trump's son-in-law and close advisor. Josh Kushner's success in the investment world, including his venture capital firm Thrive Capital, has catapulted him to mogul status, with a net worth estimated at around $5 billion.
Bob Iger, 75, is no stranger to the limelight, having led The Walt Disney Co. for two separate stints over the past two decades. Iger's expertise in the entertainment industry and his leadership at Disney have turned him into a household name. Despite his extensive experience in the business world, Iger's connection to the Lakers is unconventional, as he grew up supporting the New York Knicks and had always viewed the Lakers as rivals.
Nonetheless, the swift and surprising acquisition of the Lakers by Kushner and Iger has brought them both into the world of professional basketball.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.