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Josh Kushner Sold Minority Stake In Grizzlies To Buy Into Heat

12 May 2025
in Basketball
Josh Kushner Sold Minority Stake In Grizzlies To Buy Into Heat
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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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Tags: BuyGrizzliesHeatJoshJosh Kushner Sold Minority Stake In Grizzlies To Buy Into HeatKushnerminorityRealGM Wiretapsoldstake

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