Adam Neumann

Adam Neumann Net Worth

Adam Neumann net worth and salary: Adam Neumann is an Israeli-American businessman and entrepreneur who has a net worth of $4.5 billion. Adam Neumann is best known as the co-founder and CEO of WeWork which is an American company that provides shared workspaces and related services for entrepreneurs. Neumann and Miguel McKelvey established GreenDesk in 2008 as an eco-friendly co-working space in Brooklyn, New York. The pair sold the business in 2010 and started WeWork. Their new company rents communal rent spaces for as little as $45 a month and has developed into a multi-billion-dollar business. WeWork raised over $900 million from investors such as JP Morgan Chase, Goldman Sachs, and Benchmark Capital. Neumann graduated from City University of New York Baruch. In 2018 WeWork accepted an investment from Softbank that valued that company at $47 billion. Over the course of several large external investments Adam has cashed out hundreds of millions of dollars worth of his personal shares while still maintaining a roughly 10% stake in the business.