Josh Kushner and Bob Iger buy LA Lakers for $12.5 billion

Josh Kushner, the brother of Jared Kushner, and former Disney CEO Bob Iger have purchased the Los Angeles Lakers for $12.5 billion, according to sources. The deal, reported on August 12, 2026, marks a record sum for an NBA franchise. Kushner, who is also the brother-in-law of Donald Trump's son-in-law, and Iger will take over the storied basketball team. The sale is pending official confirmation from the NBA.