The First Kushner To Become A Billionaire | Forbes

For the first time ever, a member of the storied Kushner family has made it onto Forbes’ list of the world’s richest people this year. But it’s probably not who you think. Long overshadowed by his father Charles, a real estate mogul who spent two years in prison, and older brother Jared, the son-in-law and advisor of former President Trump, 36-year-old Josh Kushner debuts with an estimated net worth of $2 billion, thanks to smart early-stage venture investments and the sale of part of his VC firm Thrive Capital.
Goldman Sachs unit Petershill Partners invested an estimated $120 million in Thrive last May in exchange for an estimated 3% stake. The investment valued the firm at $3.6 billion. Josh owns an estimated two-thirds stake worth $1.9 billion after Forbes applied a conservative 20% private company discount.
Kushner, who founded Thrive in 2010, has developed a reputation as a “hands-on” investor. That’s helped him win over founders at some of the decade’s most high-profile startups including Airtable, Robinhood, Spotify, GitHub, Slack, Fanatics, Plaid, Twitch, Warby Parker and Kim Kardashian’s shapewear brand Skims.
Back in December 2016, just after Jared’s father-in-law was elected president, Forbes estimated the entire Kushner clan to be worth roughly $1.8 billion. More than half of that fortune was tied to Kushner Companies’ real estate assets, including stakes in Midtown Manhattan's 666 Fifth Avenue and the former Jehovah's Witness Watchtower headquarters on the Brooklyn waterfront.
Josh, meanwhile, was estimated to be worth approximately $500 million based on his stakes in Thrive ($240 million) and Oscar ($243 million), the Obamacare-based health insurance startup the liberal Kushner cofounded in 2013.
While it’s likely Josh has received, or is in line to receive, a slice of the family real estate portfolio, Forbes’ estimates of his fortune conservatively exclude any potential inheritance.
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[@tkdhanesh01]

When you have powerful connections, its always easy from zero to hero!

[@jameskeli4419]

I wonder how a graduate with NO EXPERIENCE, convinced investors to invest 5 million as seed money to start a fund. 😂. no hater but seriously, I would like to know.

[@compton8301]

*Harvard graduate

[@ayushwithasingle_a]

Dude graduated from MBA, they need experience to apply for the program. Also he has network and exposure due to background. Nobody just gives away their money like that.

[@damoneboyd9945]

Did you watch the video

[@LiemV]

Nepotism at its finest

[@francesauraliadelacroix]

This actually happens often, more so with people who do not have degrees. Its a mixture between your network - so you must have a network, no matter what you’re level; secondly in his instance specifically, it would have been low risk investment give the financial backing but even separate from him, a good idea, with good financial projections at a micro economic level of the impact it would create - will also attract investors. Remember he did an MBA so he already had experience actually and is a genuine entrepreneur so they look at whats missing in the market vs demand. Hope that helps

[@kgal1298]

He was smart to avoid getting into politics that's all I know. Hopefully he avoids the drama his brother and his dad have gone through, but he's still young there's still time.

[@philadelphia2396]

can you wiretap me $500

[@xavierb9061]

2 billion saudi says otherwise

[@faraivalentine5440]

I'm no hater but when a billionaire is made every other day it is not a good sign. It's especially true when they are young and they do it in a very short period of time. It's a symptom of inflation and the gap between the rich and the poor getting wider. Long live the US Dollar.

[@___Truth___]

@Human Being Exactly

[@Davos-st8ok]

There's absolutely nothing wrong with getting rich off seeding successful startups. Your mentality is that of a disgusting leftist communist thinking which is responsible for untold economic suffering all around the world.

[@Springsteen002]

Mrs Sonia is legit and her method works like magic I keep on earning every single week with her new strategy

[@Goregch]

@kopretina kopretinkova look at these clowns trying to scam each other loooool

[@Indigololz]

It's easy to write Josh off as a "lucky rich kid", but at 36 years old he's already surpassed his families net worth. I think it's safe to say he's created his own lane.

[@laylayturner22]

Nah, having family ties to politics helped him. Nobody would give someone with no investing experience millions to start investing. This was front money. I guarantee, if we do the actual research the people who gave him da millions to start made 30%+ returns

[@mdte5421]

He got a leg up !

[@ABC-ABC1234]

@@samz6388 JEWISH + JEWISH + JEWISH +TIES TO ISRAEL + MILLIONAIRE'S SON + TIES TO FINANCIAL UNDERBELLY OF USA ===> The only reason Forbes doesn't call out the obvious reasons is out of fear of getting canceled and bankrupt due to criticism on Israel!

[@littlecupcakegachamovies7178]

Btw his family is worth billion so…

[@danbo586]

@@laylayturner22 acc. to this video, it was his family that changed Obama's era policy and stopped his startup Oscar from making so much more

[@javiermoralesds]

Sounds like a guy whose connections with his daddy made him rich. Not self made

[@lifemanqele2334]

Yeah, you sound jealous.

[@yungdadi]

Self made or not he is doing something right to keep him up in the financial growth journey

[@mkv9105]

Goldman sachs wont drop 120 mil because of daddy's connection. The boy got something going.

[@RR-et6zp]

life isnt that easy

[@aroaris843]

@@mkv9105 do you know how much aum sachs has. That’s nothing to them

[@Blaah6]

what an achievement made in gold plate.

[@ivanmay7890]

I'm surprised that Joshua Kushner has more money than Jared!

[@aprilgarrett2596]

I'm happy that it's the "good" brother that's a billionaire! He's a cutie too!

[@gonfreaks937]

fool

[@rachelpark8071]

He is my ideal type😍

[@Gngrcpl]

He just bought a 240 million dollar property in my town. Wasn’t even worth half that lol.

[@waleed8530]

just like the other guy, that one received a "small" loan of $1 Million to start. just find a rich daddy, easy.

[@Jesssco]

Don’t cry here if you cannot make it

[@waleed8530]

@@Jesssco I actually made it, typing while wearing a Rolex and smoking a cigar in a 5 star resort in Bahrain.

[@wanyekest6969]

@@Jesssco I don’t know? Seems like you’re the one who’s coping.

[@MrSmartInventor]

It's a fantastic superhero story with a hero´s team around. This is a good pattern for growth. Good Leader and a Good Team.

[@michael-io4hl]

Great👏

[@joyandpeacefullaughter5307]

To think his parents treated him and his girlfriend so badly cause she wasn't a university graduate and she is a model. Thrash family. I'm happy for him.

[@supermodelwannabe]

Karlie Kloss got the last laugh

[@neonlinkplasma4678]

Ye’s interview with Tucker Carlson on Fox brought me here

[@dieuparleaujourdhuigodspea1596]

A billion dollars is soon becoming yesterday's million dollars. Forget the billionaires, I'd like to see the trillionaires list!

[@talonsnow]

Good luck, cause there are none.

[@Fourtune1]

It would be hard for him to not end up a billionaire.

[@ahsanmohammed1]

Background music distracting

[@chuckhan7974]

Majority of his brother’s private equity fund came from Saudi.

[@darshanpatil7777]

Terrible audio

[@financewithsom485]

he may be in loss now because of market crash

[@connieb.4071]

I'm sure he will be fine

[@sentiasatransformasi]

what? this guy got married to karlie kloss???

[@foxsmith5718]

YOU know this guy isn't a good person, right?!-

[@RealDixonPeter]

Dews.... All dews...

[@Highreel]

Indeed. I'm one of em and I can honestly say our community sees zero benefit. It's literally an oligarchy over a few million jews with huge families struggling to make ends meet.

[@brienne2793]

Josh Kushner fruity

[@monlakwatsera8432]

Why is he low-key fine 💀

[@kam8916]

You gay?

[@mister369]

You guys need to stop using the pandemic as an excuse for recording the reporters with a shitty laptop camera and mic. You can go back in person now

[@bradonjimmy4089]

I recommended a professional broker to you guys sometime ago,can i get someone who invested with her

[@willieroy5367]

I saw that recommendations but i did not bother chatting her up🤦‍♂️🤦‍♂️🤦‍♂️

[@Fayruzshula]

Who made profits for you, am really looking for a pro who can manage my account and make me huge profits

[@clintonrandy4935]

Hello thanks for introducing her to us, i actually did the trade with a loan from my friend, and with the profits i payed up, now am happy and comfortable

[@bradonjimmy4089]

She’s Mrs Alice Tatiana, she’s one of the best and trustworthy broker I’ve ever known

[@bradonjimmy4089]

You can communicate with her directly on wsapp

[@roning622]

Congrats Josh!

[@followerofjesuschrist.]

"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17 "Ye have heard that it hath been said, An eye for an eye, and a tooth for a tooth: But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also." Matthew 5:38-39:

[@ateeaaljubory5765]

The competition is on and every trader wants to be the best and successful but the truth is not everyone can be successful in trading. But I stand to say Crypto-currency and Stock

[@joelkulenkamp847]

Exactly! you made a nice point

[@joelkulenkamp847]

Just like me this season has been really great, I've been making massive profits on my crypto investment, all thanks to Expert Ethel Arthur

[@marysolomon597]

@@joelkulenkamp847

[@jodelynnemendoza2496]

Just bought $10k Shiba and $30k worth Bitcoin. With the recent dip in Crypto I was told it's the right time to invest set down and see myself turn to a millionaire soon.

[@jodelynnemendoza2496]

[@deminada3964]

Y eso que la fortuna de Javanka esta oculta ... solo de entrada salvo el 666 building

[@Juniper88]

Who knew

[@nevm7469]

Genuinely good guy... unlike his bro lol

[@flala2261]

kloss’ husband

[@user-jc1gs2hg6i]

Will

[@easygamingwwiigamingchanne729]

The huge crypto bubble is about to burst big time...

[@backupAndrew]

Robinhood 😆🙌🏾

[@MakeWithMike]

Adam kuchner had more money 💰 🤑

[@kshitijvispute6792]

0:54

[@CaptainPlanet007]

Talking about a BACKHANDED COMPLIMENT here 🤦🏼‍♂️ Forbes #china

[@jacquecastle3233]

Ck out new company flash scientific technology ai - the owners worked for Warren Buffett for total 20 yr. They have 99.6% accurate with ai. There first product go out on june1. And Disney trying to work out something maybe by just by june 1

[@user-hi1ke5gp6n]

Первый в своей семье и все равно проблемы с Украиной из за происхождения

[@willsalazarramirez5139]

CHICLAYO

[@reporttv1986]

Is he jewish.

[@zainpo7a708]

Yes

[@Highreel]

Duh

[@suryamp12]

What about hunter biden?

[@PavedParadise541]

Welp Kanye just ruined his rep and confirmed his a douchè.

[@simohamadbouziane7263]

What kind of bullshit is that