Inside Josh Kushner’s $17 Billion Fortune: The Lakers, OpenAI, SpaceX
Josh Kushner has amassed a $17 billion fortune driven by Thrive Capital's investments in OpenAI and SpaceX. The venture capital firm nearly tripled its assets this year, with its 2022 fund marked at 7x. While these gains have surged due to OpenAI and Cursor, most of the 2022 fund's value remains unrealized. Kushner is now exploring a purchase involving the NBA's Los Angeles Lakers. Despite these gains, Kushner has criticized other Silicon Valley venture capitalists for their euphoria regarding artificial intelligence.
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- ✓ Josh Kushner has a fortune of $17 billion.
- ✓ Thrive Capital invested in OpenAI and SpaceX.
- ✓ Thrive Capital's 2022 fund is marked at 7x.
What changed
Kushner's net worth reached $17 billion as Thrive Capital tripled its assets through OpenAI and SpaceX.
Live updates
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Josh Kushner's Fortune Reaches $17 Billion via AI and Space Bets
Josh Kushner has amassed a $17 billion fortune driven by Thrive Capital's investments in OpenAI and SpaceX. The venture capital firm nearly tripled its assets this year, with its 2022 fund marked at 7x. While these gains have surged due to OpenAI and Cursor, most of the 2022 fund's value remains unrealized. Kushner is now exploring a purchase involving the NBA's Los Angeles Lakers. Despite these gains, Kushner has criticized other Silicon Valley venture capitalists for their euphoria regarding artificial intelligence.
Why it matters
Thrive Capital operates as a primary vehicle for Kushner's high-stakes bets on frontier technology. The firm's current valuation reflects the rapid market ascent of generative AI and private space flight. This shift marks a transition from pure venture investing toward ownership of major sports and technology assets.
What is confirmed
- Josh Kushner has a fortune of $17 billion.
- Thrive Capital invested in OpenAI and SpaceX.
- Thrive Capital's 2022 fund is marked at 7x.
Still unconfirmed
- Josh Kushner is looking to spend cash on the NBA's Lakers.
- Almost none of the 2022 fund's 7x marking is cash.
- The 2022 fund surged specifically on OpenAI and Cursor.
What to watch next
- Confirmation of a financial stake in the Los Angeles Lakers
- Liquidity events for the 2022 fund's OpenAI and Cursor holdings
confidence 85%Sources used for this update (6)
- Forbes — Inside Josh Kushner’s $17 Billion Fortune: The Lakers, OpenAI, SpaceX
- Bloomberg.com — Read Joshua Kushner’s First Formal Thrive Capital Investor Letter
- TechCrunch — Thrive’s Joshua Kushner chides Silicon Valley VCs over AI euphoria
- FourWeekMBA — Thrive Capital’s 2022 Fund Is Marked at 7x — Almost None of It Is Cash
- The Information — Thrive Capital’s 2022 Fund Surges on OpenAI, Cursor
- www.forbes.com.au — How Josh Kushner’s fortune tripled this year
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