Bob Iger is rejoining Thrive Capital as an advisor after leaving Disney

Bob Iger is returning to Thrive Capital as an advisor, just a month after stepping down as CEO of Disney, a role he held for nearly two decades.

Iger previously stayed on for two months as a business partner at the end of 2022, but left when Disney asked him to resume leadership of the media group, after first leaving the company in 2020.

“Bob leads with confidence and conviction because he knows what he’s building and why. He’s joining Thrive at a time when this kind of leadership is most needed,” said Thrive founder Josh Kushner. written on X.

Iger, who already owns a stake in the company, will work with Thrive’s financial staff and founders, according to the Wall Street Journal. report. However, his advice will not require a full-time commitment.

Thrive manages more than $50 billion in assets, according to PitchBook. In February, the company announced that it had raised $10 billion in its 10th round of financing, the largest in the company’s 17-year history. Thrive has major stakes in OpenAI, Stripe, and SpaceX. The company also acquired 7% ownership of Cursor, whose sale to SpaceX would be about $4.2 billion, Bloomberg said.