Justin Ishbia

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] and the Chicago White Sox ^[3]

Justin Ishbia
Born	Justin Ishbia
Education	B.A. Michigan State University J.D. Vanderbilt University School of Law
Occupation	Private equity
Known for	Founding partner of Shore Capital Partners & part majority owner of the Phoenix Suns and Phoenix Mercury
Family	Mat Ishbia (brother)

Biography

Ishbia was raised in a Jewish family in Birmingham, Michigan, a suburb of Detroit.^[4] He graduated with a B.A. from Michigan State University and a J.D. from Vanderbilt University School of Law.^[5] After school, he worked as an attorney.^[5] He is a founding partner in the Chicago-based private equity firm, Shore Capital Partners.^[5]

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.^[6] His role is alternate governor for the team^[7] as well as investor in the organization.^[8] The deal to the Ishbia brothers was approved by the NBA on February 6, 2023.^[9][10][11]

He owns a 22% interest in United Wholesale Mortgage, a company founded by his father and now headed by his brother.^[5] Forbes listed his net worth as of June 2024 at US$5.4 billion.^[12]

Philanthropy

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.^[13] In January 2022, Ishbia matched his brother Mat Ishbia's $1 million donation to the V Foundation, supporting cancer research."^[14] In 2024, Ishbia donated $10 million to his alma mater Michigan State University.^[15]