WeWork Founders Adam And Rebekah Neumann Are Still Loaded, FYI
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Apple's new series 'WeCrashed' tells the story of WeWork founders Adam and Rebekah Neumann.
When it was discovered their company was hemorrhaging money, Adam was ousted as CEO.
The couple moved to Israel for a bit, sold some property, invested in a new venture, and are still doing well financially with a net worth in the billions.
The new Apple TV+ drama WeCrashed tells the true-life story of Adam and Rebekah Neumann, the couple behind WeWork.
In case you’re not familiar with it, WeWork launched in 2010 and offered cool co-working spaces that had fun features like beer on tap and ping pong tables.
While WeWork took off and was reportedly worth billions at one point, it eventually was overvalued and everything came crashing down.
There were also reports that Adam thought of himself as a "Jesus figure." The drama covers the BTS happenings of Adam (played by Jared Leto) and Rebekah (Anne Hathaway) as they built up their empire and struggled as it crumbled.
Adam was eventually asked to step down as the company’s CEO in 2019 after public documents revealed the company was basically bleeding money.
With all that, it’s only natural to wonder what happened to Adam and Rebekah. Here’s what they’re up to now.
They moved to Israel for a bit.
After leaving WeWork, Adam and Rachel headed to Israel, where Adam was born, according to the Times of Israel. Their visit was a “personal” one, according to the paper. The New York Post reported that the couple planned to “simplify” their lives while they were there for several months.
They re-launched their private school curriculum.
Rebekah and Adam re-launched WeGrow, which was a private school under the We brand, under the name Student of Life For Life (SOLFL). It's unclear whether SOLFL is still in operation.
Adam invested in a new startup.
Adam led a $42 million investment round in Alfred, a startup that works with residential buildings to provide concierge-like services, per CNN.
"Adam has been impressed by what these two visionary founders have accomplished over the last six years as they work to transform apartment living," a spokesperson told CNN.
They sold off a bunch of real estate.
The family ended up selling at least three of their six properties (worth $90 million in all), including a home in the Hamptons, a place in Westchester, and a “compound” in New York’s Gramercy Park, the New York Post says.
Their net worth is still huge.
Some people get kicked out of companies and lose everything, but Adam and Rebekah made out well after leaving WeWork.
Adam got a $1.7 billion (not a typo) payout when he left WeWork, per CNBC, along with another $50 million-dollar payout from WeWork investor Softbank, the Wall Street Journal reports. Aaand Adam still holds about $2 billion in WeWork stock. So, they’re doing just fine financially.
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