Where is WeWork co-founder Adam Neumann now? The real-life star of TV series WeCrashed, played by Jared Leto, was ousted for his out-of-control party lifestyle – but he still made billions
- Despite his fallout with the company, the WeWork co-founder continues to live it up, having invested more than US$1 billion in property and start-ups
- WeWork was one of the most highly-valued private companies in the US, along with Uber, Airbnb, and SpaceX, and planned to go public but failed due to lack of profitability
Apple TV’s latest hit offering WeCrashed has quickly become the talk of the town. Starring Academy Award winners Jared Leto and Anne Hathaway, the miniseries depicts the rise and fall of Israeli-American billionaire entrepreneur Adam Neumann and his wife Rebekah Neumann, who is cousin to actress Gwyneth Paltrow.
The real-life couple held key roles at WeWork, a start-up commercial property company that was once valued at a whopping price of US$47 billion before its estimated value plummeted.
WeCrashed is a wordplay alluding to the mishaps of the couple when they were still affiliated with WeWork.
But just who is Adam Neumann, what happened to his multibillion-dollar start-up, and where is he now?
Adam Neumann co-founded WeWork and planned to list it
Together with Miguel McKelvey, Neumann co-founded WeWork in 2010. WeWork’s vision, like many other start-ups, was to eventually go public through an initial public offering (IPO).
The company had many successes, which included securing massive investments. According to Wired, at one point, WeWork was one of the five most highly-valued private companies in the US, along with Uber, Airbnb, Palantir Technologies and SpaceX.
It also had its low points. In 2019, WeWork was forced to postpone its long-awaited IPO when it was discovered that its public valuation had plummeted to around $10 billion.