Does All The Ceo Have A Money, Power And Jet Setting Lifestyle
Apple tree TV+'south WeCrashed is 1 of a slew of spring Television receiver show depicting the rise and fall of a fraudulent startup founder. In it, Jared Leto plays Adam Neumann, the Israeli-born entrepreneur who founded co-working startup WeWork back in 2010. The company was a delinquent success and was once valued at $47 billion, merely its fortunes took a nose-dive in the run-upwardly to a doomed public offering in 2019, and Neumann was ultimately forced out every bit CEO.
Anne Hathaway stars as Rebekah Neumann, Adam's married woman and business concern partner, who spearheaded a WeWork-operated private school called WeGrow. She, also, resigned in the wake of the IPO failure. As depicted in the show, the couple's wildly over-inflated ambitions and "unusual" leadership style played a significant function in the company'southward downfall. Here's what the Neumanns are doing, three years on from their public flame-out.
The Neumanns are still married.
WeCrashed co-creator Drew Crevello, somewhat unexpectedly, chosen the series a beloved story during a Telly Critics Association press bout console in Feb. "It's this very epic ascension and fall story, this meteoric ascent and as spectacular fall," he said. "But what was fascinating to u.s. was there was a relationship, a honey story, at its heart. That's what made information technology so unique to u.s.a., exploring how that love contributed to that rise and fall, and really was the story of that rising and autumn." And despite the autumn, that dear story still seems to be going strong in real life.
The Neumanns keep their relationship very individual, just in an interview with Fast Company, Rebekah has called Adam her soulmate. Adam, for his office, credited Rebekah with teaching him about what he called the "soul" side of the business. And the company'due south collapse seemingly simply brought them closer together.
The Neumanns left New York later on existence ousted from WeWork.
According to a New York Post study from Dec of 2019, the Neumanns took their $1.7 billion payout and skipped town shortly after leaving the company they built. They reportedly fled to avoid dealing with whatsoever "negative energy" resulting from WeWork's plummet. They pulled their children out of their Manhattan school—which was also owned past WeWork, more than on that later—and adopted a jet-setting lifestyle that reportedly took them all over the world by private plane.
Per the Post, the family unit traveled to Due south America, and then to Israel, with a hefty entourage in tow that included "several nannies, a housekeeper and security." They reportedly enrolled their children at a Tel Aviv school for a while, earlier eventually returning to New York in 2020. Vanity Off-white reported last summer that the family unit had settled in the celebrity-studded Hamptons village of Amagansett, in an estate side by side door to ane owned by Rebekah'south cousin, Gwyneth Paltrow.
The Neumanns take downsized significantly.
Their real manor portfolio has shrunk a lot since 2019. The couple accept reportedly sold at least 4 of their six homes, including their Hamptons farmhouse, a mansion in Westchester, NY, and an manor in California. They made a reported full of $27 million from these sales. Last August, they likewise sold their vi-bedroom townhouse in Gramercy Park, Manhattan, for just shy of $14m.
Rebekah bought back WeGrow in 2020.
The Neumann kids, naturally, attended WeGrow earlier they were pulled out in 2019. The private school, described past the Daily Creature as a "yoga-obsessed hippie school for the hyper-rich," was based on a curriculum designed past Rebekah. Per Forbes, that curriculum was based around "six Pillars of Growth," which included mindfulness and entrepreneurial skills, and too featured weekly farm visits called Earth Labs. Tuition ran anywhere from $22,000 to $42,000 a year, although a spokesperson claimed that most students received scholarships.
WeGrow closed its doors soon later on Rebekah stepped down—merely in the summer of 2020, Forbes reported that Rebekah had repurchased the school. At the time, her plan was plain to relaunch information technology under a new proper name: Pupil of Life For Life, or SOLFIL for curt. That'southward pronounced "soulful," by the way. Regardless, at that place don't seem to have been any new developments on the WeGrow/SOLFIL front since. The school's Instagram business relationship is notwithstanding live, but hasn't shared a new post since 2019.
Adam has admitted that the visitor'south valuation "went to his head."
Both Neumanns have been largely unrepentant since the company'south implosion. "They don't think they've washed anything wrong," a former friend told Vanity Fair. "They call back everybody loves them." Merely shortly afterward WeWork finally went public in October of 2021, Neumann gave his commencement interview since leaving the visitor, and admitted some fault.
"The [$47 billion] valuation made u.s. feel similar nosotros were right, which made me feel that whatever fashion I was leading at was a correct style at the time, so I do think it affected information technology," he told CNBC. "I also think the chase... maybe information technology went to my caput. I do think at some point it did."
But he's all the same cooking up new "mail-pandemic" concern ventures.
Every bit of April 2021, Adam was reportedly plotting a hush-hush new venture, although no details were shared. In January 2022, he purchased $17 one thousand thousand of ground flooring retail space in Fort Lauderdale, Florida. He also purchased ii high-ascent apartment buildings in nearby Miami. According to Fortune, he plans to remake himself as a "residential kingpin," rather than a plain old landlord. Information technology's possible that his goal is to relaunch WeLive, the at present-defunct co-living spinoff from WeWork that would run dorm-fashion shared accommodation for working professionals.
"Since the spring of 2020, we take been excited about multifamily apartment living in vibrant cities where a new generation of immature people increasingly are choosing to live," DJ Mauch, a partner at Neumann'southward family office, told The Wall Street Periodical. "Nosotros're excited to play a part in that future."
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Source: https://www.townandcountrymag.com/society/money-and-power/a39466804/where-are-adam-neumann-rebekah-neumann-now/
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