Adam Neumann

Net worth over time

Biography

• 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.