4 ms·
It's estimated prior to the IPO in 2019, he had cashed out close to $778m through late-stage private stock sales and consulting fees.[1] Then it was litigated,
by celestialcheese 4y ago
It's estimated prior to the IPO in 2019, he had cashed out close to $778m through late-stage private stock sales and consulting fees.[1] Then it was litigated, and he only got $480m + $50m in legal(!)[2]. Unclear if how much of those two are additive vs the same amount reported poorly over time. It was also rumored he sold more stock before those final rounds with Softbank.
Plus, he still has something like 88m shares still in wework[3]. Hopefully he didn't margin-loan those shares.
Safe to say, he did better on wework than anyone else - a rare moment where the founder of a failed company has a better outcome than the investors
1 - https://www.fool.com/investing/2022/01/04/wework-co-founder-adam-neumann-is-now-a-1-billion/ https://www.fool.com/investing/2022/01/04/wework-co-founder-...
2 - https://archive.vn/bBW2d https://archive.vn/bBW2d
3 - https://fintel.io/n/us/we/neumann-adam https://fintel.io/n/us/we/neumann-adam