WeWork Founder Living In A Lavish New Miami Home As Company Goes Bankrupt: Report
NDTV
The 44-year-old still has a net worth of $1.7 billion and owns millions in real estate.
Office space-sharing giant WeWork filed for bankruptcy in the United States last week, after the company struggled to recover from the effects of Covid-19 and its failed initial public offering in 2019. Even as the company is financially struggling, the company's founder, Adam Neumann, has made headlines for his extravagant lifestyle. Notably, the American-Israeli entrepreneur was ousted after failing to take the company public through an initial public offering in 2019. But thanks to a hefty payout, Mr Neumann is now living in a 'lavish' new home in Florida while building his new company, The New York Post reported.
The 44-year-old still has a net worth of $1.7 billion and owns millions in real estate. At present, he is living his best life in a luxurious mansion worth $40 million, with his wife Rebekah, and six children. He had purchased two Miami properties from local investor Joseph Imbesi for $44 million in an off-market deal, as per Fox News. A 14,500-square-foot house was being built on the property at the time and it is now where Mr Neumann and his family live full-time. The sprawling mansion boasts breathtaking waterfront views, opulent amenities, and extravagant features.
A source said, ''Adam skateboards all the time, all over town, taking business calls. Everybody runs into him — he's very friendly. He stops and kibitzes with people.'' He is currently looking for investors for another startup, claiming that it will reshape the world in the home this time.
