Crucial Quote
“I’m a Democrat, and I think it’s possible to have relationships with people who you politically don’t align with,” Kloss told Bloomberg.
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Tangent
In addition to Jared Kushner, their father, Charles Kushner, is a close Trump ally. He donated $1 million to Trump’s main super PAC in 2023. In 2020, Trump pardoned the elder Kushner after he pleaded guilty to tax evasion, illegal campaign donations and witness tampering, among other charges. Charles Kushner now serves as U.S. ambassador to France and Monaco.
Forbes Valuation
We estimate Josh Kushner is worth $5.2 billion.
Key Background
Kushner, founder of Thrive Capital, and Iger, who joined Thrive earlier this year after leaving Disney, bought a majority stake in the Lakers from Mark Walter at a $12.5 billion valuation, the largest sports deal in history. Walter, owner of the Los Angeles Dodgers and Chelsea Premier League soccer team, purchased the Lakers from the Buss family at a $10 billion valuation just 14 months ago. The quick turnaround, overlapping with a federal probe into Walter’s financial firm, has raised eyebrows about why he unloaded the team so quickly, particularly after making significant investments to restructure the business. Adding another layer to the conspiracy theories is that Kushner’s deal to lead an investor group in buying a portion of FIFA’s business, including the World Cup, just fell through. The Justice Department and Securities and Exchange Commission are looking into possible fraud related to private-credit deals involving insurers Walter owns and his Guggenheim Partners financial services firm, multiple outlets reported. Meanwhile, a coalition of FIFA members and executives effectively blocked the sale of a new FIFA spinoff to Thrive and other private investors, citing resistance to the involvement of private equity in the nonprofit FIFA organization. Trump has maintained he had no involvement in the FIFA deal, and the White House told Front Office Sports on Wednesday the Lakers sale “has nothing to do with President Trump or his administration.”
further reading
Josh Kushner’s Complex World: How Jared’s Liberal Brother Runs A Billion Dollar Fund In Trump Era (Forbes)
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Mark Walter’s Lakers Sale To Josh Kushner Prompts Conspiracy Theories About Trump Influence (Forbes)
Billionaire Josh Kushner, Former Disney CEO Bob Iger Buy Los Angeles Lakers In Record $12.5 Billion Deal (Forbes)
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