Joshua Kushner and Bob Iger agree to acquire Lakers for $12.5 billion
Yahoo Sports • 1 min read • Latest: Aug 16, 2026, 11:35 AM
Last updated Aug 16, 2026
Joshua Kushner and Bob Iger have agreed to purchase the Los Angeles Lakers at a record valuation of $12.5 billion, pending NBA approval. This deal, reported as the largest ever for a U.S. professional sports team, highlights their contrasting backgrounds. Kushner, founder of Thrive Capital, focuses on technology investments, while Iger has decades of experience in the entertainment industry, previously serving as CEO of Disney. Their combined expertise is positioned to shape the future of the Lakers.
- •Kushner and Iger's acquisition is pending NBA approval.
- •Kushner's net worth is estimated at $5.2 billion.
- •Iger's Disney tenure included major acquisitions and strategic growth.
- •The Lakers' valuation reflects the increasing value of sports teams.
- 11:35 AMYahoo Sports — How Did Lakers’ New Owners Joshua Kushner, Bob Iger Get Rich? A Look at Their Net Worth, How They Made Fortunes
"The Los Angeles Lakers have a new ownership group, and the price tag alone is enough to make anyone look twice. Joshua Kushner and Bob Iger have agreed to acquire the franchise at a record $12.
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