Bob Iger Joins Investors Taking Minority Stake In Venture Firm Thrive Capital
deadline.comDisney CEO Bob Iger has joined with four other prominent businessmen to take a small stake in venture firm Thrive Capital. Before returning to Disney last November, Iger briefly became a partner at Thrive before stepping down upon the move back into the corner office.
The firm was founded in 2009 by Josh Kushner, the younger brother of former White House advisor Jared Kushner. Iger’s investment in Thrive is a personal one and not connected to Disney’s finances.
Thrive has put money into companies like Spotify, Instagram and payments provider Stripe. Iger is teaming on the investment with Mukesh Ambani, head of India’s Reliance Industries; KKR co-founder Henry Kravis; French telecom executive Xavier Neil; and Brazilian investment banker Jorge Paulo Lemann.
The quintet is reported to be paying $175 million for 3% of Thrive. The stake had previously been owned by Goldman Sachs before Thrive repurchased it last month.
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