According to BlockBeats, on August 23, Josh Kushner, 41, the younger brother of Jared Kushner (son-in-law of Donald Trump), had a net worth estimated at $16.7 billion, more than doubling from $5.2 billion a year ago. This surge is primarily attributed to the increase in assets at his venture capital firm, Thrive Capital, from $23 billion at the end of 2024 to $65 billion. Thrive Capital has a history of involvement with prominent companies such as Instagram, Spotify, OpenAI, SpaceX, Databricks, and Anduril. Following SpaceX's IPO, Thrive's stake was reportedly worth $10 billion, and it also holds a 7% stake in Cursor, the AI programming company acquired by Nvidia for $12.6 billion, worth $4.2 billion. The company's latest flagship fund, Thrive X, completed fundraising in March, exceeding $10 billion. In a letter to investors, Kushner revealed that the Thrive Fund has an average annual return of 33%, compared to approximately 14% for the S&P 500 and 17% for the Nasdaq during the same period. It has generated over $1 billion in liquidity in the past 12 months and expects billions of dollars in additional liquidity in the coming quarters, a significant portion of which will come from OpenAI's IPO next year, which could be worth over $1 trillion.

Beyond business moves, Kushner, in partnership with former Disney CEO Bob Iger, acquired the NBA's Los Angeles Lakers for $12.5 billion, setting a record for the sale of a sports team. However, the deal is uncertain due to disagreements between Jeanie Buss and her siblings regarding the sale of a 17.8% stake. Kushner also holds approximately $80 million worth of shares in the Miami Heat, which must be disposed of before the Lakers acquisition is finalized. Forbes estimates his wealth to be about 17 times that of his brother Jared and about three times that of President Trump. The Lakers acquisition could also bring significant tax advantages, potentially saving approximately $750 million annually in taxes by amortizing up to 90% of the transaction price (including media rights, player contracts, and acquisition premiums) as intangible assets over 15 years.

Thrive Capital has disclosed holdings of $215 million in Amazon and $130 million in Shopify, while its oldest investment in healthcare startup Oscar Health is valued at $200 million. Kushner worked for a year in Goldman Sachs' private equity division before founding Thrive, and started the company in 2010 at the age of 25 with $5 million in seed funding.

According to BlockBeats, on August 23, EmberCN reported that as HYPE broke through $80 and hit a new all-time high, a veteran trader who had been holding long positions in HYPE for 10 months made a profit of $57.18 million.

Its position value has increased from the initial $53.38 million to the current $110 million: it opened a long position of 1.38 million HYPE at $38.6 in November last year, held the position for 10 months, paid $4.98 million in funding fees, and still shows no signs of taking profits.