Josh Kushner’s net worth surpasses Jared and Trump’s.
Josh Kushner, the younger brother of former White House adviser Jared Kushner, has seen his personal fortune skyrocket to an estimated $3.7 billion. This surge in wealth came after his firm, Thrive Capital, secured a major investment from several billionaires. This included Disney CEO Bob Iger, KKR co-founder Henry Kravis, Indian oil magnate Mukesh Ambani, French telecom executive Xavier Niel, and Brazilian food mogul Jorge Paulo Lemann. The infusion of cash allowed Josh to eclipse the net worth of his brother and even former President Donald Trump.
Thrive Capital, which Josh founded in 2009, has made early bets on major firms such as Spotify, Instagram, Twitch, and Stripe. More recently, it has put money into Kim Kardashian’s booming shapewear brand Skims and the NFT-focused Bored Ape Yacht Club. The firm is now valued at a whopping $5.3 billion.
The deal gives Thrive access to the expansive networks of the billionaires. Ambani and Lemann are worth $84.7 billion and $21.1 billion respectively, while Kravis and Niel are worth $9.5 billion and $8.1 billion. Bob Iger, who has close ties to Thrive, took a role as a venture partner last September.
Jared, who left the White House in 2021, has since founded his own $3 billion investment firm, Affinity Partners. Josh, meanwhile, is looking to capitalize on the success of Thrive, which has been bolstered by the new minority investors. He believes that this will help the firm to become “a generational business”.
Overall, Josh Kushner’s Thrive Capital has seen a major boost in its fortunes thanks to the investment from several billionaires. This has allowed the 37-year-old to eclipse the net worth of his brother and even former President Donald Trump. The deal has also provided Thrive with access to the expansive networks of the billionaires, which Josh hopes will help the firm to become “a generational business”.