| Birth Name: | Justin Ishbia |
| Education: | B.A. Michigan State University J.D. Vanderbilt University School of Law |
| Known For: | Founding partner of Shore Capital Partners &part majority owner of the Phoenix Suns and Phoenix Mercury |
| Occupation: | Private equity |
| Family: | Mat Ishbia (brother) |
Justin R. Ishbia is an American billionaire businessman and private equity investor who is a founding partner of Shore Capital Partners. He is a part majority owner of the Phoenix Suns of the NBA and Phoenix Mercury of the WNBA along with his brother Mat Ishbia.[1] He is also a minority owner of Major League Soccer team Nashville SC.[2]
Ishbia was raised in a Jewish family in Birmingham, Michigan, a suburb of Detroit.[3] He graduated with a B.A. from Michigan State University and a J.D. from Vanderbilt University School of Law.[4] After school, he worked as an attorney.[4] He is a founding partner in the Chicago-based private equity firm, Shore Capital Partners.[4]
In December 2022, he and his brother Mat Ishbia agreed to purchase the Phoenix Suns and the Phoenix Mercury from Robert Sarver for $4.0 billion.[5] His role is alternate governor for the team[6] as well as investor in the organization.[7] The deal to the Ishbia brothers was approved by the NBA on February 6, 2023.[8] [9] [10]
He owns a 22% interest in United Wholesale Mortgage, a company founded by his father and now headed by his brother.[4] Forbes listed his net worth as of June 2024 at US$5.4 billion.[11]
In October 2021, Ishbia donated $10 million to his alma mater, Vanderbilt Law School. He had earlier established a scholarship fund at the school through a donation he made in 2015.[12] In January 2022, Ishbia matched his brother Mat Ishbia's $1 million donation to the V Foundation, supporting cancer research."[13] In 2024, Ishbia donated $10 million to his alma mater Michigan State University.[14]