HeadlinesBriefing favicon HeadlinesBriefing.com

Joshua Kushner: New Lakers Co-Owner & VC

New York Times Business •
×

Joshua Kushner, brother of Jared Kushner, has become a co-owner of the Los Angeles Lakers. He is a prominent venture capitalist and founder of Thrive Capital, which has made major investments in artificial intelligence and health insurance. His firm notably backed Oscar Health, a health insurance startup now publicly traded, and has placed large bets on AI companies like Instacart and Stripe.

Kushner's stake in the Lakers adds to his growing portfolio of high-profile assets. The purchase was approved by the NBA board of governors and gives him a minority ownership share. He joins a group that includes fellow billionaire investors and entertainment figures.

Beyond the Lakers, Kushner has emerged as a influential figure in tech investing. His Thrive Capital manages billions and has been an early backer of companies like GitHub and Twitch. With the Lakers move, he expands his influence into sports ownership.

The acquisition underscores Kushner's strategy of diversifying into premium, culture-defining assets. It also highlights the intersection of sports, technology, and capital in modern ownership groups.