. Neumann owns about a quarter of WeWork, sources have previously said, tying much of his wealth to the company. WeWork has not disclosed what percentage of the company he owns.SoftBank and WeWork declined to comment.Things looked very different just a year ago. New York-based WeWork, which leases office spaces and rents them out to individuals and startups, was seen as a disrupter with a business model unhindered by property ownership.
But some investors in SoftBank’s $100 billion private equity Vision Fund were concerned about the size of the check, given that Son had already invested more than $8 billion into the startup, the source said. A source close to Mubadala, a major investor in the first Vision Fund, said the Abu Dhabi sovereign wealth fund is closely watching the WeWork situation as it considers investing in the second fund.
“It was so frustrating,” said the source familiar with the board’s deliberations. “The company was misreading the market too optimistically.”
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