The US-based venture capital firm Thrive Capital will receive a $175 million investment from a bunch of billionaires like Mukesh Ambani, Jorge Paulo Lemann, Xavier Niel, Henry Kravis and Robert Iger in exchange for a minor 3.3 per cent shareholding. 

The deal is expected to value the company at $5.3 billion from $3.6 billion, which it earned in 2021 after selling a stake to a unit of Goldman Sachs. 

According to a statement made by a spokesperson, the company’s total assets under management reached $15 billion last year. 

“These extraordinary operators have built storied institutions, achieved geographic preeminence, ushered beloved brands to even greater heights, and pioneered entirely new industries," the company said in a statement. 

“A lot of these folks have been involved in my life for quite a bit of time and now they actually have a vested stake in the firm’s success.” Josh Kushner, the founder and CEO of the company said in a statement. 

Founded in 2009, Thrive has invested in firms like Oscar Health Inc., Compass Inc., Affirm Holdings Inc., Opendoor Inc., Unity Software Inc., Him & Hers Health Inc. and SKIMS. 

With a net worth of $84.7 billion, Mukesh Ambani is the 12th richest billionaire in the world. Lemann has a net worth of $21.1 billion and is the richest individual in Brazil.