Former Disney CEO Bob Iger will be returning to Thrive Capital as an advisor in an announcement made by the Wall Street Journal today.

Bob Iger Returns to Thrive Capital

Thrive Capital, a venture capital firm based in New York, was founded in 2009 by Josh Kushner, the younger brother of Donald Trump’s son-in-law and former White House adviser Jared Kushner. Thrive Capital manages about $15 billion in assets and has invested in companies including Instagram, Spotify, OpenAI, and more.

After Bob Iger stepped down as Disney CEO (succeeded by Bob Chapek), he joined Thrive Capital as a venture partner in September 2022. He ended up leaving that position a few months later when the Disney board called Iger back to replace Chapek, who was fired for a series of management missteps.

Now, a month after stepping down as CEO again (this time succeeded by Josh D’Amaro), Iger is back at Thrive Capital, this time as an advisor. He will “work with the firm’s staff on investments and with founders of companies” in Thrive Capital’s company portfolio.

Per his agreement with Disney, Iger will remain employed by Disney through the end of 2026, where he will serve as a senior adviser to D’Amaro. Iger also remains on Disney’s board during this term.

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