Mukesh Ambani to buy stake in US entrepreneur Josh Kushner's Thrive Capital

A group of global billionaires worth at least $123 billion are buying a stake in Thrive Capital, the venture-capital firm founded by Josh Kushner

Reliance Jio to roll out 5G in major Indian cities by October 2022.
Premium

Mukesh Ambani

Brian Chappatta and Sarah McBride | Bloomberg
A group of global billionaires worth at least $123 billion are buying a stake in Thrive Capital, the venture-capital firm founded by Josh Kushner.
 
India’s Mukesh Ambani, Brazil’s Jorge Paulo Lemann and France’s Xavier Niel will join KKR & Co. co-founder Henry Kravis and Walt Disney Co. Chief Executive Officer Robert Iger in investing $175 million to purchase a 3.3% stake in Thrive.

“These extraordinary operators have built storied institutions, achieved geographic preeminence, ushered beloved brands to even greater heights, and pioneered entirely new industries,” Thrive said in a statement on Tuesday posted on Medium.

The deal values Thrive at

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 25 2023 | 1:59 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com