A dam Neumann is an Israeli-American businessman and investor, best known as the controversial co-founder and former CEO of WeWork. Raised partly on a kibbutz in Israel, Neumann's ambition and charismatic personality were central to WeWork's explosive, venture capital-fueled growth. He co-founded the company in 2010 with Miguel McKelvey, envisioning a future where workplaces were transformed into vibrant, flexible communities rather than just collections of office desks. Under his leadership, WeWork rapidly expanded across the globe, reaching a staggering private valuation of $47 billion at its peak.
The company's trajectory took a dramatic turn in 2019 during its attempt to go public. Scrutiny from investors and the media exposed significant issues with its business model, corporate governance, and Neumann's own erratic leadership style and personal enrichment. The IPO was ultimately shelved, and Neumann was forced to step down as CEO, though he left with a substantial exit package. Since his departure from WeWork, Neumann has shifted his focus to new ventures, particularly in the real estate sector, with his latest company, Flow, aiming to revolutionize the residential rental market.
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Adam Neumann, born on April 25, 1979, in Tel Aviv, Israel, has a background as unconventional and dynamic as his business career. His early life was marked by instability; his parents divorced when he was seven, and he lived with his mother in 'over 13 different homes' before the age of 22. A significant part of his youth was spent living on the collective settlement Kibbutz Nir Am in southern Israel.
His academic development faced early hurdles due to severe dyslexia, which prevented him from reading or writing until the third grade. He served for five years as a junior officer in the Israeli Navy, a period he credits with instilling the belief in being 'part of something greater than yourself'. In 2001, he moved to New York City and enrolled at the Zicklin School of Business at Baruch College, though he initially dropped out to focus on his ventures. He finally returned and completed his degree 15 years later in 2017.
Neumann’s entrepreneurial journey began with quirky ideas: a failed venture for a retractable heel shoe, and a successful baby clothing line called 'Krawlers' (which featured knee pads). He ultimately quit college to focus on the 'Krawlers' business. However, the concept that would make him a global phenomenon and eventually lead to his downfall was born from a small office in Dumbo, Brooklyn, where he realized many cubicles were empty.
In 2010, he co-founded WeWork with Miguel McKelvey, building the firm on a mission to 'create a world where people work to make a life, not just a living'. WeWork grew rapidly, fueled by billions in funding from investors like SoftBank, reaching a peak valuation of $47 billion by 2017. The planned 2019 IPO revealed massive financial losses and numerous conflicts of interest—including Neumann leasing properties to WeWork and trademarking the 'WeWork' name and selling it to the company. The ensuing governance fiasco led to the IPO being pulled, the company's valuation plummeting to below $10 billion, and Neumann being forced to step down as CEO in September 2019.
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Served for five years as an officer in the Israeli Navy.
Moved to New York City and briefly attended Baruch College.
Founded the baby clothing line 'Krawlers', his first successful venture, leading him to drop out of college.
Co-founded WeWork with Miguel McKelvey.
WeWork reached a peak valuation of $47 billion and Neumann finally completed his Bachelor's degree at Baruch College.
Forced to step down as CEO amid a failed IPO attempt and governance scandal, but retained a large financial stake.
Launched his residential real estate startup, 'Flow', receiving a massive '$350 million' investment from a16z.
Adam Neumann's current wealth is derived from the substantial payout he received upon his exit from WeWork and his subsequent, highly capitalized ventures. He has proven to be an unstoppable serial entrepreneur whose capital now chases ideas aimed at disrupting new sectors.
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Adam Neumann’s vision has always fused business with social impact, albeit with controversial results. His original goal for WeWork was to create a sense of community and meaning in the workplace, which he calls the 'we generation'. This sense of mission is carried forward in his subsequent ventures and personal commitments.
During the WeWork IPO attempt, Neumann was required to formalize his giving, with a clause linking his voting rights to a commitment to donate $1 billion to charity over a decade. This commitment, though controversial, highlights the scale of his intent. His new venture, Flow, is pitched by investors like a16z as an attempt to help solve the US 'housing crisis' by providing community-focused rental solutions. Additionally, his background in the Israeli Navy instilled in him the concept of serving 'something greater than yourself', a principle he often cites in his philosophy.
Adam Neumann’s lifestyle is a loud, maximalist statement—a rejection of Silicon Valley's typical low-key fashion for charismatic extravagance. He famously treated WeWork like a 'personal piggy bank', funding a high-flying lifestyle that contributed to investor concerns during the failed IPO.
His style is often a blend of surfer-casual and spiritual guru, featuring t-shirts, designer jeans, and dramatic eyewear, a stark contrast to the traditional corporate CEO. His pre-2019 lifestyle included the notorious use of private jets and ownership of personal real estate that was leased back to WeWork. His return to the billionaire ranks is now backed by his investment in luxury residential properties, including projects in South Florida, signaling a new, still highly leveraged, focus on prime real estate and tech-infused living. His wife, Rebekah Paltrow Neumann, who is actress Gwyneth Paltrow's cousin, is credited by him with helping him reach for his passions.
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“WeWork is working to create a world where people make a life and not just a living.”
“Serving in the Israeli Army taught me what it means to be part of something greater than yourself.”
“Success is not just making money. Success is happiness. Success is fulfillment; it’s the ability to give.”
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+0.04% | +$2.64M
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