Adam Neumann is an Israeli-American businessman who lost his billionaire status in April 2021. He is a co-founder of the real estate company WeWork. Adam resigned as CEO of WeWork on September 26, 2019. As of 2021, Adam Neumann’s net worth ranges from $450 million to $750 million.
| Full Name | Adam Neumann |
| Birth Date | April 25, 1979 |
| Birth Place | Tel Aviv, Israel |
| Profession | Businessman |
| Wife | Rebekah Neumann |
| Net Worth | $450 to $750 million |
Early life
Adam Neumann landed in this world on April 25, 1979 in Tel Aviv, Israel. He was born in the house of Avivit and Doron Neumann. His parents were Israelis. When he was 7 years old, his parents separated due to divorce. He was raised by his mother. Adam has a younger sister named Adi.
He moved to the United States with his mother and sister. As a child he suffered from severe dyslexia. He couldn’t pronounce or spell the words correctly until he learned them in third grade. In 1990 he returned to Israel and stayed in Kibbutz Nir-am, where he studied at the Israel Naval Academy.
He joined the Israeli Nye and worked as an officer for five years. Adam then moved to the United States and studied at Baruch College in New York.
Adam Neumann Net Worth and Career
Speaking of his professional background, he previously founded the children’s clothing company Krawlers. A few years later she meets Miguel McKelvey through a mutual friend. They both had a similar interest in community education, which led them to open a co-working space called the Green Desk. In 2010 they had a new business idea and founded WeWork.
Adam went through several controversies during his time at WeWork. In 2018, he and McKelvey were discovered smoking marijuana on a trip to Israel from the United States. The flight crew caught them red-handed upon discovering cereal boxes filled with marijuana. The plane’s owner flew Adam and McKelvey back to the United States on a separate flight, fearing a marijuana smuggling incident.
Similarly, WeWork faced a lawsuit in 2018 after a former employee accused the company of sexual harassment and inappropriate behavior. Also, she told Adam that he forced her to drink tequila while she was doing an interview.
Shortly after Adam’s inappropriate message was leaked to the media on September 22, 2019, the directors asked him to resign. On September 24, 2019, he resigned as CEO of WeWork. The Wall Street Journal said he would receive $1.7 billion from shareholder SoftBank for stepping down as a WeWork board member.
Shortly thereafter, however, Adam, along with other official board members, faced legal action from minority shareholders. On March 5, 2021, his net worth dropped to $750 million, according to Forbes.
Adam has also invested in companies other than WeWork. In 2020, he invested $10 million in the shared mobility company GOTO Global. He also invested in the startup EquityBee and the hotel company Selina.
Adam Neumann’s wife, Rebecca Neumann
Adam Neumann is a married man who married heiress and businesswoman Rebecca Neumann. From his marriage relationship with his wife Rebekah, he is the father of five children.
Adam Neumann’s fortune
According to Forbes, Adam Neumann’s net worth fell to $450 million after SoftBank Group Corporation bought $3 billion worth of WeWork stock. If the reports are to be believed, he has lost $13.5 billion of his personal wealth.