TREE NEWS update: Josh Kushner, a potential buyer of the NBA’s Lakers, has seen his fortune triple this year, driven by his holdings in OpenAI and other companies. The surge highlights the growing value of AI-related investments.
Josh Kushner’s Wealth Triples in 2024 on OpenAI Stake
The Kushner example illustrates how quickly concentrated exposure to a single private AI leader can reshape a personal balance sheet, even without a public listing or liquidity event. It also underscores that the wealth now accruing to AI-adjacent investors increasingly rivals that tied to traditional sports or real estate assets, which matters for how bidding contests like the Lakers are financed. Whether this paper-markup trend holds depends on OpenAI's continued valuation momentum and whether such stakes can be monetized without a liquidity event.
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