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Joshua Kushner Net Worth, Biography & Wiki 2017
Joshua Kushner was born on 12 June 1985, in Livingston, New Jersey, USA, of Jewish descent. Joshua is an investor and businessman, best known for being the founder of the investment firm Thrive Capital. He is also the co-founder of the company Oscar Insurance. Many others know him for being the son of real estate magnate Charles Kushner. His various investments and businesses have raised his net worth to where it is today.
How rich is Joshua Kushner? As of early-2016, sources estimate a net worth that is at $200 million, mostly accumulated through the success of his investments and companies. He recently founded a new company and is also looking to continue this trend. The profits of each of his companies have helped raise his wealth.
Joshua Kushner Net Worth $200 Million
Kushner graduated from Harvard University in 2008 and by 2011 also graduated from Harvard Business School. Journalist Daniel Golden questioned Joshua and his brother Jared’s admission into Harvard as according to him the brothers weren’t academic standouts during high school. It was revealed in the journalist’s book called “The Price of Admission” that in 1998, their father made a $2.5 million donation to the school, which in turn appointed Charles to the Committee on University Resources. These events may have led to the brothers’ admission.
While in Harvard, Joshua was already working on a few ideas and tried a few start-ups with his friends. During his second year, Joshua became the founding executive editor for the magazine “Scene” which aimed to be the school’s version of “Vanity Fair” or “Vogue”. The magazine sprouted various criticisms and faced hate from both students and other publications. The following year, Joshua pooled $10,000 to create “Vostu”, which was aimed at becoming the Facebook of Latin America. The project seemingly did not continue and “Vostu” would become a social media games platform for Latin America instead. A year after graduating from Harvard he’d try his hand at co-founding “Unithrive” which was supposed to be a peer-to-peer loan model. The project was eventually discontinued.
The start of Joshua’s career would have him get a job at the Merchant Banking Division of Private Equity Group Goldman Sachs. He stayed there only a short time, having the desire to create his company, Thrive Capital, in 2009. His company focused on media and internet investments, and would start to grow its income over time. Kushner’s net worth would also rise from this point. Thrive has raised $750 million from institutional investors alone and has raised capital funds totalling $590 million. Thrive was also one of the few companies that invested in Instagram, and as a result doubled their money before Instagram was sold to Facebook.
Aside from Thrive, Joshua would also found Oscar Health which focuses on health insurance, and since its founding in 2012, the company is now valued at $1.75 billion. Joshua’s most recent company is called “Cadre” which was founded in 2015 and focuses on the technology platform. The company already has $250 million in capital.
His brother Jared Kushner became the head of the family’s real estate empire and the two often work on projects together. In his personal life, Joshua has apparently been dating supermodel Karlie Kloss since 2012 Victoria’s Secret Show.