Josh Kushner has sold his stake in the Memphis Grizzlies to acquire a similar stake in the Miami Heat, as confirmed by a source to the New York Post. Kushner, founder of Thrive Capital and worth an estimated $3.8 billion, previously invested in the Grizzlies in 2019; Thrive recently surpassed $25 billion in assets under management and has early investments in notable companies like OpenAI and Spotify. He holds approximately 66 percent of Thrive, which has prominent backers including Disney CEO Bob Iger and KKR co-founder Henry Kravis.
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Chris Paul has signed a one-year veteran minimum contract with the Los Angeles Clippers, prioritizing proximity to his family in Los Angeles and a chance to compete for playoff success. At 40, he joins an aging roster featuring stars like James Harden and Kawhi Leonard, and will likely come off the bench, marking a shift from his previous role as a starter with the Spurs. Need More Context? 🔎
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