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Josh Kushner’s Thrive Earns Hefty Payday With Oscar IPO

  • Health-care insurer made trading debut in N.Y. on Wednesday
  • Sternlicht, Druckenmiller, Wertheimer family among investors
Josh Kushner
Josh KushnerPhotographer: Jin Lee/Bloomberg
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A sprained ankle turned into a multibillion business for Josh Kushner.

Bewildered by the paperwork he received after a 2012 leg injury, Kushner, 35, thought there might be a way to improve the experience with technology. He teamed up with Mario Schlosser, an entrepreneur he’d worked with in the past, who’d also had a trying insurance experience after the birth of his first child.