Adam Neumann's coworking company WeWork is currently valued at $ 47 billion. And the state of the youngest man is 4 billion (according to Forbes). However, until recently, Adam considered himself bankrupt and huddled with his wife in a tiny apartment in New York.
Success and wealth
Adam Neumann - the dollar billionaire - was not always lucky. He reached heights and lost everything without a penny in his pocket. In July 2019, information leaked to the press that Adam cashed out $ 700 million by selling part of his shares. With this money, he bought several private houses, as well as commercial real estate. It should be noted that transactions of this kind are unusual among founders. Most often, real estate is bought by people who are not sure about the future of the company.
Neumann also created a family-owned company to manage his new assets and rented an office for her in central New York. Perhaps the behavior of Adam was influenced by his past, which was not too rosy?
From dirt to Kings
An Israeli-born entrepreneur launched the WeWork project in 2010 with his wife Rebekah and business partner Miguel McKelvey. Now it is one of the most expensive companies in the world.
The CEO recently said that he and his wife once lived in a tiny apartment on 2nd Avenue in New York. According to Google Maps, this street, which has a pleasant architecture, has a liquor store, a restaurant and a hookah shop.
The building is located right across the road from St. Mark's Church in East Village in Manhattan, and renting the apartment Adam and his wife once lived in is $ 3,150.
Tiny odnushka
Three thousand dollars is much lower than the average rent in New York as a whole. At 166, 2nd Avenue, there is a pre-war building built in 1929. In the basement, according to the information on the site, there is a 24-hour laundry service. Studio apartment is still for rent at a very affordable price for New York. It has everything you need for life, including a dishwasher.
According to Bisnau, WeWork's CEO acquired a townhouse in Greenwich Village in 2014 for $ 10 million. And in 2017, he spent $ 35 million on real estate in Gramercy Park. The Neumann couple also have homes in Westchester and Hamptons counties. It is not known whether they rent it or use it for personal purposes, but it seems that Adam wants to protect himself as much as possible from living in the studio in the future.
Despite the small size of Adam’s apartment, it seems that even at the beginning of his journey he was not in poverty. The East Village area in Manhattan is considered quite prestigious, and not every American can afford a $ 3,000 rental.