Neumann Clings to Billionaire Status as WeWork Gets Bailout
- SoftBank rescue values office-sharing firm at about $8 billion
- Founder Neumann is expected to sell about $1 billion of stock
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WeWork’s value has tumbled, about 2,000 employees are being cut and many investors are nursing losses after the firm’s bailout.
But founder Adam Neumann is still a billionaire.