Money & Power

How Joshua Kushner Built on His Massive Fortune By Backing Start-Ups

The 33-year-old comes from a wealthy, real estate-focused family but forged his own path in the tech industry.
IMAGE DAVID PRUTTING/BFA/REX/SHUTTERSTOCK
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Joshua Kushner may not be as high-profile as his brother, Jared, but the newly engaged tech entrepreneur and investor might have more money in the bank.

Following college and business school at Harvard, the 33-year-old has made a career out of putting his venture-capital firm Thrive Capital's money into technology companies that have taken off, such as Instagram, Slack, and Instacart.


Joshua, Charles, and Jared Kushner

Kushner also founded an insurance company, Oscar Health, which is focused on millennials. "We're trying to build something that's going to turn the industry on its head," Kushner said when the company began enrolling customers in 2014, according to the New York Times.

Along with his brother Jared, he also launched Cadre, a company designed to help clients use technology to invest in real estate. At the end of last year, it was worth at least $25 million, according to a 2018 financial disclosure issued by the White House, where Jared Kushner is a special advisor to the president.

"He is known, really, for just working," internet entrepreneur Kevin Ryan told Esquire about Josh. "That's all he does."

Of course, Kushner and his brother also come from a family with significant means. Their father is real-estate developer Charles Kushner, and Joshua has said his family's business successes bred a desire to work.

Every Thanksgiving as he was growing up, he told Forbes, his father took him to construction sites, explaining "the idea was when everyone is relaxing you should be working. The ball doesn’t come to you."

All the work (and family support) has paid off. Kushner is now worth a staggering $800 million, according to Celebritynetworth.com.


Joshua Kushner and his fiancée, Karlie Kloss, in the West Village of New York City

As for Joshua's new fiancée, model and Kode with Klossy founder Karlie Kloss? She reportedly has about $20 million in the bank.

This story originally appeared on Townandcountrymag.com.
* Minor edits have been made by the Townandcountry.ph editors.

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