Bob Iger and Josh Kushner buy the LA Lakers for a record-breaking $12.5 billion, up 21% in just the 14 months since Mark Walter bought them

The pair are buying the team from Mark Walter, who paid $10 billion for it just over a year ago, and someone who Magic Johnson once said would own the team for decades.

Source: [Fortune](https://fortune.com/2026/08/12/jerry-buss-lakers-hollywood-bob-iger-josh-kushner/)