The venture firm announced Tuesday morning that Bob Iger has joined as a partner.

Vox Media's 2022 Code Conference - Day 2

Bob Iger spoke at a conference.

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The company said that Iger will take a mentorship role with the companies.

After raising $3 billion in February, Thrive has $16 billion of assets under management.

Iger, who resigned as Disney's CEO in February 2020, won't work full-time at the firm but will be involved in all the things that we do.

Karlie Kloss was the first person to get to know the two.

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We think he is worth $2 billion, making him the first billionaire in his family and beating his real estate mogul and convicted felon father. It was estimated that Iger was worth $690 million.

Key Background

Iger was the chairman of Disney's board for two years before stepping down. The 71-year-old received over 40 million dollars in compensation from Disney. According to CNBC, the relationship between Iger and his successor as Disney CEO Bob Chapek began to fall apart after he took power. Though his brother is the son-in-law of former President Donald Trump and worked in the Trump Administration, Josh Kushner has distanced himself from his brother's politics and is a long time democrat. After Trump withdrew from the Paris Agreement on climate change, Iger stepped down from his business advisory council.

Robert Iger is joining a venture firm.

The other brother becomes family's first billionaire.

Bob Iger probably made more money than a Disney heir.