Wives' Friendship Sparks Iger and Kushner’s $12.5 B Lakers Purchase
Bob Iger and Josh Kushner acquired the Los Angeles Lakers for $12.5 billion, a transaction rooted in a friendship that began when their wives met.
A meeting between Karlie Kloss and Willow Bay, sparked by Kloss’s interest in an Estée Lauder spokesperson role, set the stage for a business alliance. Kloss later asked Disney chief Bob Iger to arrange a conversation with her partner, venture investor Josh Kushner. Iger recalled being impressed by Kushner’s humility and intellect, noting an immediate connection.
Over time, the acquaintanceship evolved into a partnership, leading the duo to buy the Los Angeles Lakers from Mark Walter for a reported $12.5 billion. In a joint statement, Iger and Kushner expressed pride in becoming custodians of the storied NBA team. The deal highlights how personal relationships can translate into high-profile corporate transactions.
Why it matters
It shows how personal networks can drive multi-billion-dollar deals affecting major sports franchises.
How this story developed
- Aug 12 Bob Iger and Josh Kushner Acquire Lakers for Over $12 Billion
- Aug 12 The NBA Board of Governors scheduled a September vote on the proposed Lakers sale.
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