WeWork IPO reveals company loaned millions to CEO Adam Neumann and other company execs

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WeWork loaned $7 million to CEO Adam Neumann in 2016, the company revealed in the IPO paperwork it made public on Wednesday.

The loan was made in June of that year, which Neumann paid back in full in cash in November 2017.

The paperwork provided a first glimpse into the company's financials, revealing that it lost $429 million on $436 million in revenue in 2016. It also lost $890 million on $886 million in revenue the following year, and in 2018 it lost $1.6 billion on $1.8 billion in revenue.

 

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