WeWork, now called The We Company, is gearing up for an initial public offering as soon as this week.
Its cofounder and CEO, Adam Neumann, has been at the helm of the company since it launched in 2010 and has grown it into a business last valued at $47 billion.
Here’s everything you need to know about the CEO, who has five children and has purchased an estimated $80 million worth of real estate.
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Adam Neumann has run WeWork from when it got its start nearly 10 years ago to now, as it gets ready for a huge IPO.
The 40-year-old Israeli-born Neumann is worth an estimated $4.1 billion, and has come a long way from the shoe-box-sized New York city apartment he first lived in in the early 2000s.
His company, last valued at $47 billion, could go public as soon as this week.
Here’s everything you need to know about Adam Neumann, the WeWork cofounder and CEO:
SEE ALSO: WeWork, the $47 billion co-working company, is gearing up for a huge IPO this year. Here’s everything we know about what’s going on.
Adam Neumann, 40, was born is Israel in 1979. His parents got divorced when he was 7, and he moved around a lot as a child with his mother — he reportedly lived in 13 different homes by the time he was 22.
Source: New York Magazine
As a child, Neumann lived for some time on an Israeli kibbutz, one of the collective community settlement across the country. Neumann attended school near the Gaza Strip while his mother worked as a doctor at a nearby hospital.
Neumann is severely dyslexic, and couldn’t read or write until he was in third grade.
As is customary for Israeli citizens, Neumann served in the Israel Defense Forces after grade school. He served in the navy for five years, although only three years of service is required. “That’s where I got to know a lot of my best friends,” Neumann told Haaretz in 2017.
After leaving the IDF, Neumann moved in 2001 to New York City, where he lived in a Tribeca apartment with his sister Adi. He spent his early days in New York going to clubs and “hitting on every girl in the city,” he said in a commencement speech in 2017.
Source: New York Magazine
Neumann enrolled at city school Baruch College in January 2002 and majored in business. He said he thought of the concept of WeLive, WeWork’s communal living business, for a school entrepreneurship competition. However, the idea was killed in the competition’s second round, because a professor didn’t think Neumann would be able to raise enough money “to change the way people live.”
Sources: New York Magazine, TechCrunch
Neumann dropped out from college just four credits shy of graduating. He ultimately finished his degree 15 years later in 2017 after completing a four-month long independent study, …read more
Source:: Businessinsider – Tech