How Josh Kushner Tripled His Net Worth to $16.7 Billion with SpaceX
Josh Kushner, set to become the incoming owner of the Los Angeles Lakers, has ridden the AI wave to an eleven-digit fortune as his venture firm nearly tripled its assets this year.
Forbes now estimates his net worth at $16.7 billion, up from $5.2 billion just twelve months ago.
What Actually Drove the Fortune Surge
Kushner built much of that wealth through Thrive Capital, the venture firm he founded and still leads today. He grew the firm's assets to more than $65 billion, nearly triple the $23 billion he managed in December 2024. Much of that surge traces to two specific wins this year.
He first invested in SpaceX at a $38 billion valuation, a bet that grew into a reported $10 billion stake when the rocket maker went public in June.
Follow us on X to get the latest news as it happens.
Days later, SpaceX announced a $60 billion deal to acquire AI coding startup Cursor, doubling the value of his 7% stake in that company to $4.2 billion.
His position in OpenAI remains more indirect for now. Kushner holds a stake in the AI lab, last valued at $852 billion in March and expected to go public within the year, but that position has not yet converted into the kind of realized windfall SpaceX delivered.
โฆ Continue reading the full article at the original source below.
