WeWork CEO Adam Neumannsold and borrowed $700 million in transactions involving his shares in WeWork, The Wall Street Journal reported on Thursday.
WeWork, the coworking-space company with a $47 billion valuation, confidentially filed initial-public-offering paperwork in December as the We Company.AdvertisementBesides exercising his stock options and buying more WeWork shares, Neumann has also spent his money buying real estate and investing in startups, according to the Wall Street Journal.
Here's what Neumann has been investing in since the success of WeWork:
Adam Neumann, WeWork's cofounder and CEO, has a net worth of $4.1 billion.
But he wasn't always wealthy: Neumann went from broke to billionaire in the past decade.
Neumann founded his coworking-space company WeWork in 2010.
Since founding WeWork, Neumann has spent over $80 million on at least five homes.
In 2012, Neumann bought a house in the Hamptons for over $1.7 million
In 2014, Newman bought a Greenwich Village townhouse in New York City for $10.5 million.
In 2016, Neumann purchased a farm estate in Westchester, New York
In 2017, Neumann bought four units in a Gramercy Park townhouse in New York City for $34.7 million.
In 2018, Neumann purchased a 13,000 square foot home in the San Francisco Bay Area for $21 million.
The house has a guitar-shaped room.
Besides real estate, Neumann has been investing in startups.
And, Neumann has donated over $100 million.
We'll see where Neumann's investments turn, and his net worth heads, after WeWork goes public.