From Bromance at First Sight to Lakers Owners

Key Points:

• Bob Iger and Joshua Kushner, connected through a social introduction by supermodel Karlie Kloss, are partnering to buy a majority stake in the Los Angeles Lakers, valuing the team at $12.5 billion.
• Their relationship evolved from mentorship to a strong business partnership, with Iger joining Kushner’s investment firm Thrive Capital as a venture partner and later investing in Thrive itself.
• The Lakers, a storied NBA franchise facing a generational transition after recent struggles and the departure of LeBron James, represent the duo’s biggest joint venture to date.
• Iger’s extensive corporate experience and Kushner’s investment acumen complement each other, with Thrive Eternal, a new investment vehicle focused on iconic brands, spearheading the Lakers acquisition.
• Despite stepping down as Disney CEO, Iger remains active in high-profile business deals and investments, signaling a dynamic post-Disney career alongside Kushner.