Disney CEO and Jared Kushner's Brother Buy Lakers for Record $12 Billion
The Los Angeles Lakers, one of the world's most iconic sports franchises, have been sold for a record $12 billion, marking the second sale of the team within a year. Previously, in October 2025, the Buss family sold their stake to Mark Walter for $10 billion. However, in a surprising move, Disney CEO Bob Iger and Josh Kushner, brother of Jared Kushner, submitted a higher offer to acquire the team from Walter.
Bob Iger, 75, a Jewish-American businessman born in New York, is the former CEO of Disney and ex-president of ABC television network, with an estimated net worth of $700 million as of 2024. Josh Kushner, also a Jewish-American investor and founder of Thrive Capital, is the son of real estate mogul Charles Kushner and brother to Jared Kushner, former senior advisor to President Donald Trump. Josh Kushner's net worth is estimated at $5.2 billion.
Reports indicate that Iger and Kushner initially pushed for establishing a sports franchise in Las Vegas but ultimately shifted focus to acquiring the Lakers. This acquisition sets a new benchmark in sports franchise valuations and underscores the Lakers' global appeal and financial value.
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