WeWork CEO Adam Neumann
WeWork CEO Adam Neumann is an Israeli billionaire businessman. In 2010, he co-founded WeWork, alongside Miguel McKelvey.He served as WeWork’s CEO from 2010–2019.
WeWork CEO Adam Neumann Age
Adam Neumann Age 30 Years (was born on 1979)
Where does Adam Neumann live?
WeWork CEO Adam Neumann Early life
WeWork CEO Adam Neumann was born in Israel, the son of Avivit and Doron Neumann. When he was seven, his parents divorced. He and his younger sister Adi moved to the United States with their mother for her medical residency. Severely dyslexic, Neumann couldn’t read or write until third grade. In 1990, after four years in the US, they returned to Israel and settled in Kibbutz Nir Am.
WeWork CEO Adam Neumann education
WeWork CEO Adam Neumann graduated successfully from the Israeli Naval Academy and subsequently served as an officer in the Israeli Navy for five years and was discharged with the rank of captain. He later attended the Zicklin School of Business at Baruch College in New York City.
WeWork CEO Adam Neumann Career
WeWork CEO Adam Neumann and McKelvey co-founded WeWork in 2010, after having previously met through a mutual friend. A shared interest in community upbringings and design-led them to create Green Desk in 2008, a shared-workspace business focusing on sustainability, which served as the precursor to WeWork. The pair sold their interest in Green Desk and using the funds along with a $15 million investment from Brooklyn real estate developer Joel Schreiber for a 33% interest in the company, founded WeWork in 2010.
Will WeWork ever make money?
WeWork says revenue more than doubled last year to $1.8 billion, but so did its net loss. WeWork’s revenue increased to $1.8 billion in 2018 from $886 million the prior year. Over that same stretch, its net loss more than doubled to $1.9 billion
WeWork CEO Adam Neumann Investments
In 2012, he partnered with Ken Horn of Alchemy Properties and Joel Schreiber and purchased for $68 million the top floors of the Woolworth Building which they converted into condominiums. Neumann became a partner of InterCure, an Israeli cannabis company led by Ehud Barak, former Prime Minister of Israel, in 2018. Neumann has also invested in EquityBee, a start-up for tech investors, and Selina, a hospitality company.
Adam Neumann has purchased buildings and then leased the space back to WeWork. Observers noted this as a potential conflict of interest and one that would not be allowed if WeWork were a public company.
WeWork CEO Adam Neumann Controversy
In 2018, WeWork faced a lawsuit from a former employee who identified issues of sexual harassment and other inappropriate behaviors within the company workplace. In her statement, she mentioned that Neumann “plied [her] with tequila shots during her interview with the company.” Shortly after this claim was made, WeWork put an end to its unlimited beer and implemented a policy of only four beers per day.
WeWork CEO Adam Neumann Net Worth
WeWork CEO Adam Neumann has stepped down, although he will stay on as non-executive chairman of the board. Neumann has a net worth of $2.2 billion, down from $4.1 billion in July, according to Forbes.
Key Points You Must Need To Know
- WeWork said it will sell the Gulfstream G650 which it bought for $60million
- The lavish jet was used by WeWork’s former CEO Adam Neumann and his family
- The decision to sell comes just days after Neumann was forced to step down
- Investors upset over a delayed IPO didn’t like Neumann’s penchant for excess
- Neumann, also the startup’s co-founder, used the plane for business meetings
- He also had parties on board and had thousands of downloaded videos to watch