Joshua Kushner Net Worth

What is Joshua Kushner's Net Worth?

Joshua Kushner is an American venture capitalist, entrepreneur, and businessman who has a net worth of $10 billion. Joshua Kushner earned the majority of his fortune as the founder of Thrive Capital, the venture capital firm he launched in 2009. Thrive has become one of the most prominent technology investment firms in the world, making early or major investments in companies including Instagram, Stripe, Spotify, Slack, GitHub and OpenAI. Kushner also co-founded the health insurance company Oscar Health.

Although Joshua comes from the wealthy Kushner real estate family, his multibillion-dollar fortune is primarily self-made through Thrive. A 2023 transaction in which outside investors acquired a small stake valued Thrive Capital at $5.3 billion. Investors in that deal included Henry Kravis, Mukesh Ambani, Jorge Paulo Lemann and Bob Iger. Thrive's subsequent investments in some of the world's most valuable private technology companies, particularly OpenAI, further increased the significance of Kushner's ownership stake.

Joshua is the younger brother of Jared Kushner, making Ivanka Trump his sister-in-law. In 2018, Joshua married model and entrepreneur Karlie Kloss.

In August 2026, Kushner made his biggest move yet outside of technology when he and Bob Iger agreed to acquire the Los Angeles Lakers in a transaction valuing the franchise at $12.5 billion, the highest valuation ever attached to the sale of a professional sports franchise. The deal requires approval from the NBA.

Early Life and Education

Joshua Kushner was born in Livingston, New Jersey, in June 1985. His parents are Charles and Seryl Kushner. His paternal grandparents, Joseph and Rae Kushner, were Holocaust survivors who immigrated to the United States after World War II. Joseph Kushner built a successful real estate business in New Jersey that eventually became the foundation of Kushner Companies.

Joshua grew up in a family that was already extremely wealthy through its real estate holdings. His father, Charles Kushner, expanded the family's business into a major owner and developer of apartments and commercial properties. In 2005, Charles was sentenced to two years in federal prison after pleading guilty to charges including tax evasion, witness retaliation and making false statements to the Federal Election Commission. He served roughly 14 months and was pardoned by President Donald Trump in 2020.

Joshua attended Harvard University, graduating with a bachelor's degree in government in 2008. He later attended Harvard Business School, earning his MBA in 2011.

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Thrive Capital

Kushner briefly worked in investment banking before building his career around venture capital. He founded Thrive Capital in 2009 while still in his early 20s. The firm initially focused on internet, software and technology companies and established its reputation with a series of unusually successful early investments.

One of Thrive's first major wins was Instagram. Thrive participated in multiple financing rounds, including an investment completed when Instagram was valued at roughly $500 million. Just days after that financing closed in April 2012, Facebook agreed to acquire Instagram for approximately $1 billion.

Thrive went on to back companies including Spotify, Stripe, Slack, GitHub, Robinhood, Warby Parker and OpenAI. The firm's willingness to make large, concentrated investments became increasingly important as its assets under management grew into the tens of billions of dollars.

OpenAI became one of Thrive's most consequential investments. The firm led a 2023 financing that invested roughly $130 million in OpenAI at a valuation of around $29 billion. Thrive subsequently invested far more, ultimately committing well over $1 billion as OpenAI's valuation soared.

In January 2023, Kushner sold a small minority interest in Thrive for $175 million to a group of billionaire investors that included Henry Kravis, Mukesh Ambani, Jorge Paulo Lemann, Xavier Niel and Bob Iger. The transaction valued Thrive at $5.3 billion. Unlike a traditional venture fund in which the founder owns only the management company, Kushner retained an enormous ownership position in Thrive, making that stake the central source of his personal fortune.

Thrive continued expanding aggressively. By the middle of the decade, it had grown from a relatively small New York venture fund into one of the largest private technology investment firms in the United States, capable of writing multibillion-dollar checks and competing directly with firms such as Andreessen Horowitz, Sequoia Capital and major private-equity groups.

Oscar Health

In 2012, Kushner co-founded Oscar Health with Mario Schlosser and Kevin Nazemi. The company was created with the goal of using technology and a more consumer-friendly interface to modernize the health insurance business.

Oscar attracted billions of dollars in investment and became one of the best-known startups to emerge from the Affordable Care Act era. Thrive was a major investor, and Kushner has remained closely associated with the company, serving on its board and as vice chairman.

Oscar went public on the New York Stock Exchange in March 2021. Its shares initially struggled badly after the IPO, falling more than 90% from their early trading levels at one point. The company's subsequent recovery made Kushner's continuing relationship with Oscar considerably more valuable than it appeared during the stock's post-IPO collapse.

Sports Investments and Los Angeles Lakers

Kushner's interests eventually expanded beyond technology and healthcare into professional sports. He previously held a minority interest in the Memphis Grizzlies and later acquired a minority stake in the Miami Heat.

Thrive also became increasingly active in the sports business. Through Thrive Eternal, Kushner participated in discussions surrounding a multibillion-dollar investment in a commercial entity tied to FIFA's World Cup competitions, although that proposal was ultimately abandoned.

In August 2026, Kushner and Bob Iger agreed to acquire the Los Angeles Lakers from billionaire Mark Walter. The transaction valued the Lakers at $12.5 billion, breaking the professional sports franchise valuation record that Walter himself had established when he acquired control of the team at a $10 billion valuation the previous year.

Kushner is expected to serve as the controlling owner in his personal capacity if the deal receives NBA approval. Because NBA rules prevent an individual from holding ownership interests in multiple teams, he will have to sell his minority stake in the Miami Heat.

The Lakers acquisition also deepened Kushner's business relationship with Iger. The former Disney CEO previously worked as a venture partner at Thrive, invested personally in the firm, and returned in 2026 as an adviser.

Personal Life

Joshua Kushner began dating Karlie Kloss in 2012. They became engaged in July 2018 and married in October 2018. Kloss converted to Judaism before their marriage.

The couple welcomed their first son in 2021 and a second son in 2023. In 2025, they welcomed their third child, a daughter.

Despite his relationship to one of America's most prominent political families through his brother Jared, Joshua has generally kept a lower public profile and has concentrated his public activity on investing, technology and philanthropy.

Malibu Wave House

In August 2024, Joshua and Karlie paid $29.5 million for one of Malibu's most architecturally recognizable homes, known as the "Wave House." The roughly 6,200-square-foot residence was designed in the 1950s by architect Harry Gesner, who created its curved rooflines to resemble breaking ocean waves.

The property had been listed for $49.5 million the previous year. Music executive Mo Ostin owned the home for decades, and Rod Stewart lived there during the 1970s.

Other Real Estate

Joshua and Karlie have assembled an exceptionally valuable portfolio of homes in New York, Florida and California.

In December 2020, they paid $23.5 million for a waterfront mansion in Miami. The property spans roughly 15,000 square feet and sits on a large lot with direct water access.

In 2021, the couple paid $35 million for a roughly 7,200-square-foot penthouse in Manhattan's Puck Building. The historic SoHo property was redeveloped into a collection of ultra-luxury residences by Kushner Companies.

Combined with their $29.5 million Malibu Wave House, those purchases represent nearly $90 million worth of real estate based on acquisition prices alone.

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