Adam Neumann

Israeli-American businessman

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October 2024 Announced the launch of Workflow, a direct rival to WeWork.
May 2024 Acquired Whalebone, a bimonthly lifestyle magazine in Montauk, New York, renaming it to Flow Trip.
February 2024 Attempted to buy back WeWork as the company was trying to emerge from bankruptcy.
May 2023 The Spectator published an article comparing Neumann to Elizabeth Holmes, which Neumann claimed was defamatory. He subsequently requested and received a retraction, with the article amended to clarify that he did not deliberately mislead investors or break any law.
2022 The New York Times won an Emmy Award for a live interview with Adam Neumann hosted by Andrew Ross Sorkin at the DealBook Summit.
2022 The Neumanns pursued legal action against HBO regarding the characterization of their portrayal in the 'Generation Hustle' docuseries episode 'Cult of WeWork'.
2022 Jared Leto portrayed Adam Neumann in the Apple TV+ series WeCrashed.
2022 Returned to the Forbes billionaires list with a net worth of $2.2 billion.
August 2022 Andreessen Horowitz invested in Neumann's new residential real-estate company, Flow, with an expected launch in 2023.
May 2022 Reported as founder of Flowcarbon, a blockchain-based carbon credit trading platform startup.
2021 Completed a SPAC merger to take WeWork public, with Bloomberg Billionaires Index estimating his net worth at $2.3 billion.
May 27 2021 Neumann renegotiated a severance package with SoftBank, receiving $106 million in cash, with about $50 million allocated for legal fees, and additional stock-related benefits.
February 24 2021 The Wall Street Journal reported that Neumann received about $130 million in consulting fees from SoftBank before they ceased further payments.
January 2021 Neumann retained top defamation lawyer Tom Clare to defend his reputation.
2020 Neumann became the primary subject of the nonfiction book 'Billion Dollar Loser'.
2020 Invested US$10 million into multimodal shared mobility company GOTO Global, acquiring a 33% equity stake in the company.
2019 The Wall Street Journal reported on Neumann's ambitious personal goals, which included living forever, becoming the world's first trillionaire, expanding WeWork to Mars, becoming Israel's prime minister, and aspiring to be 'president of the world'.
2019 Minority shareholders filed a lawsuit against Neumann and other WeWork officials for breach of fiduciary duties.
2019 Co-founds 166 2nd Financial Services, a family office with his wife Rebekah Neumann, to manage personal wealth and invest over a billion dollars in real estate and venture startups.
October 2019 SoftBank agreed to pay Neumann close to $1.7 billion for stepping down from WeWork's board and severing most of his ties to the company.
September 2019 Vanity Fair published an article detailing Neumann's grandiose claims, including assertions about influencing political and business leaders such as Rahm Emanuel, Jamie Dimon, Mohammed bin Salman, and Jared Kushner.
September 24 2019 Adam Neumann resigned as CEO of WeWork, with Artie Minson and Sebastian Gunningham named as his successors.
September 22 2019 The Wall Street Journal and other outlets reported that WeWork directors were planning to ask Neumann to step down as CEO due to his eccentric behavior and drug use, before a planned IPO. Neumann was also reported to have taken $700 million out of WeWork prior to the IPO.
2018 Time magazine named Adam Neumann as one of the 100 most influential people.
2018 Neumann chartered a Gulfstream G650 for a trip from the United States to Israel, during which he and his friends spent much of the flight smoking marijuana. The flight crew discovered a cereal box filled with marijuana, leading the jet owner to order the aircraft to return to the US without passengers, forcing Neumann and his entourage to take a separate return flight.
2018 Became a partner of InterCure, an Israeli cannabis company led by Ehud Barak, and invested in EquityBee (a tech investor start-up) and Selina, a hospitality company.
2012 Partnered with Ken Horn of Alchemy Properties and Joel Schreiber to purchase the top floors of the Woolworth Building for US$68 million, which they converted into condominiums.
2010 Co-founds WeWork with Miguel McKelvey, beginning his role as CEO of the company.

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