Crypto Briefing • October 8th 2026, 3:39 PM
Josh Kushner’s fortune hits $17.5 billion as Thrive Capital’s bets pay off
Key Summary
Josh Kushner's net worth has surged to $17.5 billion, driven by Thrive Capital's successful bets on companies like OpenAI and SpaceX. The firm's assets under management have grown to $65 billion, with a 97% stake in Thrive Capital itself, making Kushner's effective stake nearly $16.7 billion.
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How the Fortune Came Together
The bulk of Kushner's wealth comes from his ownership of Thrive Capital itself, with an effective stake of 97%. Thrive has grown fast, with assets under management climbing to over $65 billion by August 2026, up from $23 billion at the end of 2024.The Portfolio Doing the Heavy Lifting
SpaceX is one of the biggest contributors, with Thrive's stake valued at around $10 billion following SpaceX's June 2026 IPO. OpenAI remains central to Thrive's strategy, with cumulative investments exceeding $2 billion, as OpenAI's valuation climbs toward $850 billion.What This Means
A large share of Thrive's value rests on a small number of AI and aerospace names. With effective ownership of about 97% of Thrive Capital, nearly every gain in the firm's value flows straight to his net worth.#Crypto#US#AI#SpaceX#OpenAI