WeWork’s Adam Neumann Is Walking Away With a $2.3 Billion Fortune
Neumann is no longer an employee, but is still a big presence as the workspace-sharing firm he co-founded begins trading.
This article is for subscribers only.
It’s difficult to separate Adam Neumann from WeWork, the shared-workspace company he co-founded — despite how hard some investors have tried.
As WeWork completes its second attempt to go public — this time through a SPAC valuing the combined company at $9 billion — Neumann’s name is peppered 197 times throughout the business combination filing, even though he’s no longer an employee or board member. Many of those mentions relate to his acrimonious split from the company and subsequent litigation with its largest investor, SoftBank Group Corp., after its first failed IPO attempt in 2019.