WeWork's co-founder/CEO Adam Neumann has cashed out at least $700 million through stock and debt ahead of a possible IPO An eyebrow-raiser from
WeWork's CEO has taken out more than $700 M in stock sales/loans before an IPO
Adam Neumann, WeWork Cos.’ co-founder and largest shareholder, has cashed out more than $700 million of his holdings in the company ahead of its IPO through a mix of stock sales and debt
Wow. WeWork co-founder Adam Neumann has cashed out more than $700 million of his holdings in the company, as it prepares for an IPO.
Last version of this was Groupon when it was high flying. Yeah that turned out well: WeWork Co-Founder Has Cashed Out at Least $700 Million Via Sales, Loans - WSJ
Sources: WeWork co-founder Adam Neumann has cashed out more than $700M from the company ahead of its IPO through a mix of stock sales and debt (Wall Street Journal)
This story about WeWork's co-founder Adam Neumann is nuts. Last year he paid $21 million for a 13,000-square-foot house in the Bay Area with a "guitar shaped room." Great piece by , + //
1) $700 million cashout! 2) ... i would like to see pictures of this guitar-shaped room
Interesting bit from ⁦⁩ CEO profile: “He recently hired Ilan Stern, who also worked at venture capital firm General Catalyst, to set up a family office to manage his wealth” Curious what this does for GC’s rumored plans for a debt fund...