Adam Neumann
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Age | 45 |
| Born | Tel Aviv-Yafo |
| Israel | |
| Net worth | 4. 1 billion USD (2019) |
| Forbes | |
| Spouse | Rebekah Neumann |
| Children | Elle Neumann |
| Job | Businessperson |
| Film Producer | |
| Date of birth | April 25,1979 |
| Zodiac sign | Taurus |
| Height | 196 (cm) |
| Siblings | Adi Neumann |
| Nationality | Israeli |
| Education | Baruch College |
| Zicklin School of Business | |
| Founded | WeWork |
| Flow | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 434920 |
Adam Neumann Life story
Adam Neumann is an Israeli-American billionaire businessman and investor. In 2010, he co-founded WeWork with Miguel McKelvey, where he served as CEO from 2010 to 2019.
How WeWork's founder flew too close to the sun
...By Simon JackBusiness editorThe story of Adam Neumann and the rise and fall of WeWork reads more like a parable than a business story...
Co-working giant WeWork files for bankruptcy in the US
... Demand for co-sharing office spaces by WeWork was hit after a disastrous 2019 effort to raise money in a public listing hurt its reputation and led to the ousting of its co-founder Adam Neumann...
WeWork to start closing some offices around the world
... A week before the company confirmed that its share sale had been scrapped, its founder Adam Neumann stepped down as chief executive...
WeWork plans to file for bankruptcy, reports say
... A week before the company confirmed that its share sale had been scrapped founder Adam Neumann stepped down as chief executive...
WeWork: What went wrong for the much-hyped firm?
... They also mocked the ambition and incomplete comeuppance of co-founder Adam Neumann, - and a multi-billionaire...
WeWork: Shares slide as it raises 'substantial doubt' over future
... The company s first attempt to go public collapsed in 2019 over concerns about its business model and co-founder Adam Neumann s leadership style...
Would you rent a vacuum cleaner for $499 a month?
... Its chief executive Adam Neumann, departed and was replaced with Softbank executives...
When to fire the boss: A tale of three sackings
...Travis Kalanick, Elizabeth Holmes and Adam Neumann have all left the firms they founded The names of some business leaders are so closely associated with the companies they run that it s almost unthinkable the firm could exist without its boss...
WeWork: Shares slide as it raises 'substantial doubt' over future
By Annabelle LiangBusiness reporter
Shares of WeWork, The Once globally hyped Office Space sharing company, have plunged after it raised " substantial doubt" about its future.
The Company 's shares fell by close to 24% in extended trading in New York .
The Firm added that its management needed to raise additional capital to keep it afloat over The Next 12 Months .
WeWork, which is backed by Japanese tech giant Softbank, was hit hard by the pandemic as social distancing rules drove people to work from home.
However, it has yet to turn a profit even after workers returned to offices as coronavirus restrictions eased.
On Tuesday, that it faced challenges including softer demand and a " difficult" operating environment.
" Substantial doubt exists about The Company 's ability to continue as a going concern, " The Firm said.
It added: " The Company 's ability to continue as a going concern is contingent upon successful execution of management's plan to improve liquidity and profitability over The Next 12 Months . "
The Plan involves raising additional capital through the issuance of stocks or bonds, or asset sales.
The management will also move to reduce rental costs and limit capital expenditures, WeWork said.
WeWork currently has 512,000 members at its workspaces in 33 countries around The World .
The Company 's first attempt to go public collapsed in 2019 over concerns about its business model and co-founder Adam Neumann 's leadership style.
It was listed two years later in a deal that valued WeWork at $9bn. That was roughly a fifth of its estimated value in 2019.
The Firm has also struggled to cope with troubles in the technology sector.
It has seen the exits of several top executives this year, including that of former chief executive and chairman Sandeep Mathrani .
In March, WeWork said it had struck deals with Softbank and other investors to reduce its debt by around $1. 5bn.
Shares in The Company have fallen by More Than 95% in the Last Year . Shares fell by another third in extended hours trading on Wednesday to $0. 21 (£0. 16).
Related TopicsSource of news: bbc.com
Adam Neumann Photos
