Adam Neumann Bio
Adam Neumann is an Israeli businessman, billionaire, and the CEO of WeWork. He was born in 1979 in Tel Aviv-Yafo, Israel.
He is an American real estate company that provides office space for startup companies, a company he co-founded with wife Rebekah Paltrow Neumann.
|Real Name||Adam Neumann|
|Birth Place||Tel Aviv-Yafo, Israel|
|Age||40 years old|
|Known For||CEO of WeWork|
|Wife||Rebekah Paltrow Neumann (m. 2008)|
|Net Worth||2.2 billion USD (2019)|
He was born in Israel, the son of Avivit and Doron Neumann. When he was seven, his parents divorced.
He and his younger sister Adi moved to the United States with their mother for her medical residency. Severely dyslexic. In 1990, after four years in the US, they returned to Israel and settled in Kibbutz Nir Am.
Neumann’s sister, Adi Neumann, is a model and was Miss Teen Israel, and an aunt on Neumann’s father’s side is Galia Albin, a TV presenter in Israel.
In 2018, Neumann gave a keynote speech at an event held by UJA-Federation of New York where he spoke of observing Shabbat with his family every week and the role Judaism has played in his personal and professional growth.
According to The Wall Street Journal, Neumann chartered a Gulfstream G650 for a trip from the United States to Israel during the summer of 2018.
During the flight, Neumann and his friends spent much of the flight smoking marijuana. After the plane landed in Israel, the flight crew found a cereal box stuffed with grass and reported it to the jet owner.
Fearing a marijuana trafficking incident, the owner of the jet ordered it to return to the US. Neumann and his friends had to find another way to return to New York.
Now he lives in the Greenwich Village neighborhood of New York City with his wife
Adam Neumann Education
Neumann couldn’t read or write until third grade. He graduated successfully from the Israeli Naval Academy and subsequently served as an officer in the Israeli Navy for five years and discharged with the rank of captain.
He later attended the Zicklin School of Business at Baruch College in New York City.
He started his entrepreneurial career while attending Baruch College. His first idea was a line of women’s shoes with collapsable heels that never got off the ground.
He started his second business, Krawlerz, out of his Tribeca apartment. Krawlerz was a clothing line for babies that featured padding in the knees to make crawling more comfortable.
The slogan was “Just because they don’t tell you, doesn’t mean they don’t hurt.” This business also flopped.
Adam told the rest of the story in the interview, ‘Well, I’m an entrepreneur, and money is tight right now; it’s all in inventory.’ She said to me, ‘Well, maybe you’re in the wrong business because if you were doing the right thing, you would be able to afford dinner.’
The couple started dating shortly after and worked closely together building WeWork.
Neumann and McKelvey co-founded WeWork in 2010. In 2008, a shared-workspace business focusing on sustainability, which served as the precursor to WeWork.
The pair sold their interest in Green Desk and using the funds along with a $15 million investment from Brooklyn real estate developer Joel Schreiber for a 33% interest in the company, founded WeWork in 2010.
Neumann stated that with WeWork, he intended to replicate the feeling of togetherness and to belong he felt in Israel and that he thought was lacking in the West.
Before founding WeWork, Neumann founded a children’s clothing company, Krawlers.
Adam Neumann WeWork
Adam Neumann is a managing member of We Holdings LLC which owned the trademark rights to the word we. Ahead of their Initial Public Offering, WeWork rebranded itself as “The We Company” to branch out into different businesses. To rebrand itself around “We,” they paid Neumann $5.9 million, so they could use the word.
New York University marketing professor Scott Galloway described the situation as such “Adam also owned the rights to the ‘We’ trademark, which the firm decided they must own and paid the founder/CEO $5.9 million for the rights.
The rights to a name nearly identical to the name of the firm where he’s the founder/CEO and largest shareholder. YOU. CAN’T. MAKE. THIS. S—. UP.”
Following a predictable backlash, Neumann ended up giving the money back to the company. WeWork described the situation in a Securities and Exchange Commission document filed earlier this month.
The issuance to We Holdings LLC of the partnership interests was unwound, and the partnership interests were returned to the We Company Partnership,” the document said.
The We Company continues to hold all of the assigned rights to the ‘we’ family trademarks.
Adam Neumann Wife – Children
Neumann married to his wife Rebekah Paltrow Neumann in 2008. His wife is founder and CEO of WeGrow, and their five children, including two pairs of twins. Rebekah is a cousin of Gwyneth Paltrow.
Adam Neumann’s Net Worth
Adam Neumann’s Net Worth is around 2.2 billion USD as of 2019