Josh Kushner saw his net worth surge from $5.2 billion to $16.7 billion in one year, driven by the success of his venture firm Thrive Capital whose assets have reached over $65 billion. His bet on SpaceX, entered at a $38 billion valuation, now represents an approximately $10 billion stake following the rocket company’s IPO in June. His 7% position in Cursor, the AI coding startup, is now worth $4.2 billion after SpaceX announced a $60 billion deal to acquire the company. Kushner and former Disney CEO Bob Iger agreed to buy the Los Angeles Lakers for a record $12.5 billion, though the transaction still requires approval from the NBA’s Board of Governors.
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