could balloon to over $2 billion if WeWork goes public, as he owns millions of special shares in the business.the Financial Times reported
Neumann previously owned about 42.5 million profit interests with a catch-up price of $38.36 a share. He forfeited some of them but negotiated a lower catch-up price for the remainder as part of a deal with SoftBank in October, the Financial Times reported. He now has about 8.5 million vested profit interests with a catch-up price of $19.19 a share, and a further 15.6 million with a catch-up price of $21.05, the newspaper added.
The potential windfall would be on top of SoftBank's exit package for Neumann, which included a $500 million credit line to help him cover his personal debts, a consultancy gig worth $185 million over four years, and a tender offer allowing him to sell up to $970 million worth of WeWork shares.
Man, he must have worked his ass off to earn that much money.
Failing up has never been better! Career goals 2020...
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »