WeWork filed for bankruptcy protection, but despite its struggles co-founder Adam Neumann likely remains wealthy.
Neumann received payments of around $770 million as part of the SPAC proceedings, and retained now-worthless stock which was once a further $722 million.The former WeWork CEO founded the company in 2010 and largely through the force of his personality created a real estate juggernaut that was worth $47 billion at its January 2019 peak. By the time it filed for bankruptcy protection, WeWork was worth a mere $45 million.
Unlike many founders who have seen their net worth evaporate alongside their company's fortunes, the 44-year-old Neumann likely remains a wealthy man.
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