Josh Kushner lately bought his small stake within the Memphis Grizzlies to buy an identical sized stake within the Miami Warmth, a supply confirmed to the New York Submit.
Kushner, who’s the brother of Jared Kushner and brother-in-law of Ivanka Trump, purchased the stake within the Grizzlies in 2019. Kushner is the founding father of Thrive Capital and value an estimated $3.8 billion. General, Thrive lately eclipsed $25 billion in property underneath administration. Thrive bought early stakes in OpenAI, Spotify, Instagram, Twitch and Stripe.
Kushner owns an estimated 66 p.c p.c of Thrive, which counts Disney CEO Bob Iger and KKR cofounder Henry Kravis amongst its backers.
