Adam Neumann

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Adam Neumann
Adam Neumann.jpg
Adam Neumann at the U.S. Conference of Mayors in January 2018
Born
אדם נוימן

1979 (age 39–40)
Israel
ResidenceNew York City, US
CitizenshipIsrael, United States
Alma materBaruch College
OccupationBusinessman
Known forCo-founder, WeWork
Net worthUS$2.6 billion (October 2017)[1]
Spouse(s)Rebekah Paltrow Neumann
Children5
WebsiteWeWork.com

Adam Neumann (Hebrew: אדם נוימן‎; born 1979) is an Israeli–American billionaire businessman. In 2010, he co-founded WeWork, along with Miguel McKelvey.[1]

Adam Neumann talking with the Prime Minister of India Narendra Modi in January 2016

Early life and education[edit]

Adam Neumann was born in Israel, the son of Avivit and Doron Neumann. When he was seven, his parents divorced. He and his sister Adi moved to the United States with their mother for her medical specialty. In 1990, after four years, they returned to Israel and settled in Kibbutz Nir Am. He subsequently served as an officer in the Israeli Navy for five years, two more than the mandatory 3 years of service for men in Israel.[2] He later graduated from Baruch College in New York City.[3]

Career[edit]

Neumann and McKelvey co-founded WeWork in 2010, after having previously met through a mutual friend. A shared interest in community upbringings and design led them to create Green Desk in 2008, a shared-workspace business focusing on sustainability, which served as the precursor to WeWork.[4]

Prior to founding WeWork, Neumann founded a children's clothing company, Krawlers.[3][4]

Investments[edit]

Neumann became a partner of InterCure, an Israeli cannabis company led by Ehud Barak former Prime Minister of Israel, in 2018.[5][6] Neumann has also invested in EquityBee, a start-up for tech investors,[7] and Selina, a hospitality company.[8]

Neumann has purchased buildings and then leased the space back to WeWork. Observers noted that this as a potential conflict of interest and one that would not be allowed if WeWork were a public company.[9]

Controversy[edit]

In 2018, WeWork faced a lawsuit from a former employee who identified issues of sexual harassment and other inappropriate behaviors within the company workplace. In her statement, she mentioned that Neumann "plied [her] with tequila shots during her interview with the company."[10][11] Shortly after this claim was made, WeWork put an end to its unlimited beer and implemented a policy of only four beers per day.[12]

Personal life[edit]

He lives in the Greenwich Village neighborhood of New York City with his wife Rebekah Paltrow Neumann, who is a filmmaker, and their five children, which include two pairs of twins.[13][14] Rebekah is the cousin of Gwyneth Paltrow.[15] His sister Adi Neumann is a model,[16] and his aunt on his father's side is Galia Albin, a TV presenter in Israel.[citation needed]

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[17][18] and the role Judaism has played in his personal and professional growth.[19]

References[edit]

  1. ^ a b "Adam Neumann". Forbes. Retrieved 20 October 2017.
  2. ^ FOX (2017-11-10). "Work space and mentoring for veterans". WNYW. Retrieved 2018-02-19.
  3. ^ a b Loizos, Connie. "WeWork's Adam Neumann is graduating from college today — 15 years after he enrolled". TechCrunch. Retrieved 9 January 2019.
  4. ^ a b Turk, Victoria (June 6, 2018). "How WeWork became the most hyped startup in the world". WIRED. Retrieved 9 January 2019.
  5. ^ Scheer, Steven (December 6, 2018). "Israeli medical cannabis firm InterCure plans Nasdaq listing". Reuters. Retrieved 10 January 2019.
  6. ^ Weinreb, Gali (November 28, 2018). "WeWork's Adam Neumann invests in cannabis co InterCure". Globes. Retrieved 10 January 2019.
  7. ^ Gallindoss, Alan (November 28, 2018). "WeWork Founder, Adam Neumann Invests In Ehud Barak's Cannabis Company". Jewish Business News. Retrieved 10 January 2019.
  8. ^ Putzier, Konrad (December 5, 2018). "Adam Neumann-backed hotel and co-working company Selina expands to NYC". The Real Deal.
  9. ^ Rajamani, Maya (January 17, 2019). "WeWork's Size Gives Startup Public Responsibilities, Sam Zell Says". Bloomberg. Retrieved January 17, 2019.
  10. ^ O'Brien, Ashley (October 12, 2018). "Former WeWork employee sues for sexual harassment, retaliation". CNN Business. Retrieved 10 January 2019.
  11. ^ Rajamani, Maya (October 12, 2018). "NYC Woman Assaulted by Two WeWork Employees Amid 'Frat-Boy Culture' That Pervades Coworking Company, Lawsuit Claims". NBC Chicago. Retrieved 10 January 2019.
  12. ^ Small, Eddie (November 2, 2018). "Party foul? Unlimited beer is no longer a thing at WeWork". The Real Deal. Retrieved 10 January 2019.
  13. ^ "WeLive: Adam Neumann buys Greenwich Village townhouse". The Real Deal New York. 2014-01-06. Retrieved 2017-08-14.
  14. ^ Lidsky, David (6 November 2017). "WeWork Founder Hopes Her New School Will Help 5-Year-Olds Pursue Their Life's Purpose". Fast Company. Retrieved 6 January 2019.
  15. ^ Observer: "How Gwyneth Paltrow’s Cousin Co-Founded WeWork - The pair behind WeWork discuss their fantasies of a WeWorld with PORTER" By Margaret Abrams August 3, 2016
  16. ^ Orpaz, Inbal (31 July 2017). "By Harnessing Israeliness, WeWork Joins the Ranks of Uber, Airbnb". Retrieved 6 January 2019 – via Haaretz.
  17. ^ "Wall Street Dinner & Closing Bell After-Party". UJA Federation. December 10, 2018. Retrieved 10 January 2019.
  18. ^ Wenkert, Amarelle (January 4, 2019). "WeWork's Adam Neumann Says Observing Jewish Shabbat Helps Him Keep Ego in Check". CTech. Retrieved 10 January 2019.
  19. ^ "$31 Million Raised in Record-Breaking UJA Wall Street Dinner". The Jewish Voice. December 12, 2018.

External links[edit]