Bob Iger, Josh Kushner Acquire Los Angeles Lakers for $12.5 Billion
The landmark deal marks the most expensive sale of a North American sports franchise.
Businessmen Bob Iger and Josh Kushner have finalized the acquisition of the Los Angeles Lakers for $12.5 billion, establishing a new record for the sale of a North American sports franchise.
Bob Iger, former CEO of Disney, and Josh Kushner, founder of the venture capital firm Thrive Capital, are now the principal owners of the storied basketball team. The substantial purchase price underscores the significant financial capacities of the new owners.
Sources estimate Bob Iger's net worth at $600 million. His assets include a Los Angeles mansion with seven bedrooms and nine bathrooms, purchased with his wife Willow Bay in 1995 for $19.5 million and now valued at approximately $33 million following renovations.
Forbes estimates Josh Kushner's net worth at $5.2 billion, ranking him as the 807th wealthiest individual globally. Kushner and his wife, supermodel Karlie Kloss, acquired a Malibu property in 2024 for $29.5 million. This residence, spanning 6,200 square feet, features six bedrooms, eight bathrooms, floor-to-ceiling windows, and three wrap-around terraces, drawing comparisons to the Sydney Opera House and earning the nickname "Wave House."
The specific allocation of the $12.5 billion purchase price between Iger and Kushner has not been disclosed. However, given Kushner's considerably higher net worth, it is likely that he contributed a larger portion to the acquisition.