Joshua Kushner Net Worth will be discussed in this article. But before that, we will talk about some of the highlights of his current life. Joshua Kushner is a successful American entrepreneur, businessman, and investor. Thrive Capital, the venture capital firm that Joshua Kushner founded, is responsible for the majority of the wealth that he currently possesses. In addition to that, he was one of the co-founders of Oscar Insurance.
It is also important to mention that he comes from a family that is incredibly successful in the real estate industry. Ivanka Trump is Joshua Kushner’s sister-in-law because Joshua’s brother Jared Kushner is married to Jared Kushner.
In the following paragraph, you will read about Joshua Kushner Net Worth.
Joshua Kushner Net Worth
Joshua Kushner Net Worth is $3.5 Billion currently. According to a wealth disclosure report compiled by Jared in 2018, the family owns and manages a real estate portfolio with a total value of $7 billion. The value of each sibling’s portion of the trust is $800 million. In 2018, Josh wed Victoria’s Secret model Karlie Kloss. Karlie is a supermodel. Since 2012, they had been a dating couple.
The First Years of Life and Education Of Joshua Kushner
Joshua Kushner was born in the month of June in the city of Livingston, New Jersey. Charles and Sheryl Kushner are his biological parents. His maternal grandparents fled Poland during the Holocaust and eventually made their home in the United States after the war. It was his great-grandfather Joseph who established the foundation for what would become a real estate empire for his family.
Today, the Kushner Companies is a highly successful real estate development company with a portfolio that includes more than 4,000 apartments in New Jersey as well as over 60 major buildings in New York City, the most notable of which are the GM Building, located at 229 West 43rd Street, and 666 Fifth Avenue.
In 2005, Charles was found guilty on 18 charges of criminal activity and given a prison term of two years, of which he served only 14 months. In addition, the New Jersey Supreme Court ordered that he pay a fine of $500,000 and that he be disbarred.
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Thrive Capital By Joshua Kushner
Kushner began his professional career with Goldman Sachs; nevertheless, he established Thrive Capital, a venture capital business, less than a year after graduating from Harvard University with a bachelor’s degree. After investing in Instagram throughout both of its rounds of funding, Thrive was the second-largest investor in the company.
The second Instagram investment made by Thrive was made at a private valuation of 500 million dollars. This transaction was finalized in April 2012. Instagram was purchased by Facebook for a total of $1 billion a few days after the transaction was finalized.
Additionally, Thrive was an early investor in the medical technology startup Oscar Health Inc., ultimately acquiring a twenty percent stock share in the company. Unfortunately, after Oscar’s company went public in March 2021, its stock price dropped by more than 90 percent.
Thrive Capital was able to secure $175 million in funding in a round of funding that was led in January 2023 by a group of billionaires including Jorge Paulo Lemann, Henry Kravis, and Mukesh Ambani. The investment round valued Thrive at $5.3 billion. At that point, Josh owned nearly 50% of Thrive’s shares.
When paired with his family wealth, that elevated Josh’s net worth to $3.5 billion. It’s interesting to note that this made Josh $1.5 billion wealthier than Donald Trump, who is this brother’s father-in-law.
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Personal Life Of Joshua Kushner
Josh and model Karlie Kloss began dating in 2012. They announced their engagement in July 2018, and they wed a year later in October 2019. Karlie went through the process of converting to Judaism before getting engaged. In the year 2021, they became parents for the first time.
Final Lines: Joshua Kushner Net Worth is $3.5 Billion. He is a very successful businessman.