WeWork CEO Adam Neumann has a net worth of $4.1 billion, according to Forbes.
WeWork’s parent company, The We Company, filed its public IPO paperwork in August.
Ahead of the IPO, Neumann sold and borrowed $700 million in transactions involving his shares in WeWork, which was last valued at $47 billion, The Wall Street Journal reported.
The Wall Street Journal and Bloomberg reported on Thursday that The We Company is now considering a valuation of around $20 billion for its IPO, and may delay the IPO to 2020.
Neumann has spent $80 million on at least five homes since founding WeWork in 2010, according to the Wall Street Journal.
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WeWork, the coworking-space company with a valuation of $47 billion at its last private round of funding, revealed its public IPO filing in August.
Under the helm of CEO Adam Neumann, the company confidentially filed initial-public-offering paperwork in December as The We Company, a parent company encompassing WeWork and its other ventures, like WeLive.
Neumann sold and borrowed $700 million in transactions involving his shares in WeWork, The Wall Street Journal reported in July. Besides exercising his …read more
Source:: Businessinsider – Technology