Adam Neumann
$2.3B
Born
Apr 01, 1979
Age
46
Source of Wealth
WeWork
Residence
Miami, Florida
Citizenship
Israel
Marital Status
Married
Children
6
Education
City University of New York Baruch
- Adam Neumann cofounded coworking firm WeWork; he resigned as CEO in September 2019 shortly before the company canceled a planned IPO.
- After the failed IPO, new leadership led WeWork to sell some of its assets, including a wave pool business it had acquired.
- WeWork ultimately went public, in October 2021, by merging with blank check company BowX Acquisition Corp.
- Neumann owns a nearly 10% stake in the public company, after having sold nearly $1 billion worth of his WeWork shares while the business was private.
- WeWork filed for bankruptcy in late 2023. In early 2024, lawyers for Neumann criticized the company for ignoring their client's inquiries about potentially buying back WeWork.
- Since leaving WeWork, Neumann has acquired majority stakes in apartment buildings worth nearly $1 billion before debt.
- Neumann's new residential real estate startup Flow was valued at more than $1 billion by Andreessen Horowitz in 2022.
- Before WeWork, Neumann ran a business that made baby overalls with built-in knee pads.
- Neumann was raised on a kibbutz in Israel and moved to New York City in 2001 following his sister, a Miss Teen Israel, as she pursued a modeling career.
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