Josh Kushner Is The Less-Famous Billionaire Brother-In-Law Of Ivanka Trump — Making Billions Off Instagram And Kim Kardashian's SKIMS

In a family where political affiliations and public personas often steal the limelight, Joshua Kushner, the lesser-known brother of Jared Kushner and brother-in-law to Ivanka Trump, has climbed to the pinnacle of financial success. 

Despite the political theater surrounding his family, Joshua Kushner has managed to carve out his own niche in the business world, becoming the first billionaire in the Kushner clan.

This year, Joshua Kushner made his debut on the Forbes 400 list at age 38, earning the distinction of being the youngest newcomer on the list. Joshua Kushner's journey to billionaire status was not handed to him on a silver platter, though his ties to the Trump family may have brought him into the public eye on a few occasions.

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His fortune is largely self-made, stemming from astute investments and the founding of his venture capital firm Thrive Capital. Established in 2009 when Joshua was 24, Thrive Capital now manages assets valued at approximately $16 billion, having backed prominent tech entities like Instagram, Spotify and Slack.

After a funding round in January that raised $175 million, Thrive Capital attained a valuation of $5.3 billion, according to Forbes.

Thrive Capital has attracted investments from notable figures in the business world. Among its investors are The Walt Disney Co. CEO Bob Iger and a group of billionaire business magnates, including Henry Kravis, Mukesh Ambani, Jorge Paulo Lemann and Xavier Niel. Their investment in Thrive showcases a level of confidence in the venture capital firm's strategy and potential for generating substantial returns.

The firm made headlines with its early investment in Instagram, which is now valued at an estimated $100 billion, according to Bloomberg. 

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Another significant investment is ClassPass, which is valued at up to $1 billion. Additionally, Thrive Capital ventured into the apparel industry by investing in Kim Kardashian's shapewear brand SKIMS during several fundraising rounds initiated in 2020. The precise stake that Thrive holds in SKIMS is not publicly disclosed.

The venture into SKIMS wasn't without its share of drama. Ye, formerly known as Kanye West, expressed discontent with Joshua Kushner's investment in SKIMS, showcasing the disapproval in a since-deleted Instagram post where he blatantly wrote "F— Josh Kushner."

Beyond venture capital, Joshua Kushner's entrepreneurial spirit shone bright with the launch of Oscar Health, a consumer-centric insurance startup hinging on the Affordable Care Act's framework, prior to his brother's father-in-law Donald Trump becoming president. While the Trump administration's cutbacks on Obamacare advertising posed challenges, Joshua Kushner navigated through the turbulence by amplifying ad campaigns in strategic locations, showcasing a knack for adaptive strategy.

For others inspired to invest in the healthcare sector, iRemedy addresses serious industry problems by creating a large and powerful procurement marketplace powered by groundbreaking artificial intelligence (AI) technology. 

Despite a liberal political outlook, contrasting starkly with that of his more famous relatives, Joshua Kushner has maintained close ties with Jared Kushner and Ivanka Trump, purchasing a residence near the political power couple in Miami. This personal proximity, despite differing political views, showcases a familial bond that transcends the political divide.

Joshua Kushner's journey highlights the impact of smart investing, particularly in startups. By setting aside personal and family ties, he focused on professional opportunities that not only boosted his own financial growth but also added value to the wider business landscape. Investing in startups isn't exclusive to the wealthy; it's an avenue open to many. Some startups welcome investments of $500 or less, showing that with a keen eye for potential, anyone can venture into this type of investing.

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