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The investment valued the firm at $3.6 billion. Josh owns an estimated two-thirds stake worth $1.9 billion after Forbes applied a conservative 20% private company discount. Kushner, who founded Thrive in 2010, has developed a reputation as a “hands-on” investor.

Karlie Kloss is a mom! The supermodel, 28, welcomed her first child with husband Joshua Kushner, who shared their baby's arrival on Instagram Sunday. "Welcome to the world," the new dad wrote. The couple first announced their pregnancy in October, PEOPLE exclusively reported.

Kushner purchased a 2.5% stake in the NBA's Memphis Grizzlies in 2019. Thrive's headquarters are in NYC's Puck Building, owned by the Kushner family, where Josh and model wife Karlie Kloss also live in a penthouse. There are three ways to make a return. You can create something no one else has created. You can discover something before anyone else.