Thrive Capital manages more than $65 billion as it expands into public equities, business acquisitions and sports.
Bloomberg estimates Josh Kushner’s wealth at $17.5 billion, placing the Thrive Capital founder among the world’s 500 richest people for the first time.
Thrive manages more than $65 billion, compared with about $15 billion three years ago. Bloomberg calculates the firm is worth roughly $23 billion; Kushner’s spokesperson declined to comment on the personal wealth estimate.
The firm is expanding beyond venture investments. Thrive Holdings raised more than $2 billion to acquire and operate businesses using AI, while Thrive Eternal is helping finance a Lakers acquisition valuing the team at $12.5 billion.
Thrive has invested in OpenAI, Stripe and Anduril, as well as public companies Amazon and Shopify. According to Kushner’s investor letter, investment gains account for more than half of assets under management.
A proposed FIFA investment collapsed following opposition from regional football groups. UEFA is exploring legal action concerning the transaction but has not accused Thrive or Kushner of wrongdoing, Bloomberg reported.
