Josh Kushner, the younger brother of President Trump's son-in-law Jared Kushner, helped arrange a deal with former Disney Chief Executive Bob Iger to buy a majority stake in the Los Angeles Lakers at a $12.5 billion valuation, the highest price ever paid for a sports franchise. The agreement followed news that Lakers and Dodgers owner Mark Walter's insurance businesses were under federal investigation and that Walter might face financial trouble. Kushner and Iger agreed to pursue the Lakers rather than their earlier bid for a new Las Vegas NBA franchise, contacted Walter and completed the deal within 72 hours to avoid a bidding war. The transaction brings increased attention to Kushner, whose Thrive Capital manages more than $65 billion and has backed companies including OpenAI, SpaceX and Anduril. His business career includes founding the health insurer Oscar, early investments in Instagram and OpenAI, and the creation of vehicles focused on acquiring companies and businesses for long-term ownership. Kushner has also navigated political and family complications, including his father Charles Kushner's criminal conviction, Jared Kushner's role in the Trump administration and the Democratic politics of his wife, Karlie Kloss. Iger is expected to oversee the Lakers' day-to-day operations while Kushner remains focused on Thrive.