June 10, 2021 - Blossom-Eye

Adam Neumann-Wife, Kids, Instagram, Height, House, Age, Net Worth,

Adam Neumann is an Israeli-American entrepreneur who is making headlines for all the wrong reasons. The co-founder and former CEO of WeWork, and a prominent billionaire, he has since lost both his standing as the CEO of the company he started and recently, his status as a billionaire.

It has been a roller-coaster couple of months for Adam Neumann, and we look at how he went from being one of the brightest entrepreneurs to a disgraced ex-billionaire.  

What Is Adam Neumann’s Net Worth?

 As of April 2020, Adam Neumann’s net worth stands somewhere between $450 million (as reported by Bloomberg) and $750 million (as reported by Forbes).

While that figure is not something to lose sleep over, it is a far cry from what Adam’s net worth used to be only a few months ago; Neumann ended 2019 with his net worth peaking at $14 billion!

Adam is the co-founder of WeWork, an organization that specializes in providing a shared office-space for consumers. He founded the company with Miguel McKelvey and his future wife, Rebekah Neumann.

At the peak of its business, WeWork was providing shared workspaces for over 5,000 employees in 280 locations across 32 countries. 

In January 2019, when the company was rebranded the We Company, its market value was estimated to be $45 billion. 

But when the company filed for IPO in an attempt to become a publicly-traded company in August 2019, investigations upon the company returned concerns over the business practices, sustainability, and its failure to turn profit amidst growing losses.

Adam’s leadership was also called into question and among other things. He was criticized for exorbitant spending, leasing his property as WeWork office-space, and nepotism.    

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Amidst growing criticisms and concerns by WeWork’s biggest investor SoftBank, Adam stepped down as the CEO on September 26, 2019, and relinquished his majority voting rights; he was paid $1.7 billion as a result.

Things got even worse for Adam as Softbank, the Japanese holding company and WeWork’s biggest investor, pulled out of a $3-billion bailout deal on April 2, 2020. The deal was seen as a last-ditch effort to keep the company afloat amidst a disastrous couple of months.    

Adam was expected to get $970 million himself by selling his stake in WeWork, but when the deal fell through, he was left with stakes in a company that is tanking amidst the coronavirus outbreak. 

Bloomberg reported that Adam’s net worth now stands at $450 million. 

Adam Neumann, in 2020, revealed that he is planning to sue Softbank as they cost him $3 billion from backing out of their investment deals.

Real Estate

When the money was piling in for Adam, he dropped millions to buy prime real estate, his real-estate portfolio alone being estimated at $80 million. 

When the money well started to run dry, Adam hustled to offload multiple properties to cut costs.

He sold his Hamptons, New York, home in an off-the-books deal in February 2020. Adam and his wife bought the four-bedroom Water Mill farmhouse for $1.7 million in December 2012. Among other features, the house has a sun-lit kitchen with its own fireplace, a private den, a heated swimming pool, and a guest cottage.  

The house was sold for $1.25 million, with Adam enduring a loss of around $500k.

The same month, Adam also listed his New York City penthouse for sale. The two units, in New York’s high-end Gramercy Park neighbourhood, consists of a three-floor penthouse and a first-floor duplex apartment.

Adam is looking to make $37.5 million for the two units, which he bought in 2017 for $34.7 million. Adam bought four units in the high-end neighbourhood and combined two of the units into a three-floor penthouse. 

The 7,880-square-feet five-bedroom-six-bathroom living space has a media room, walk-in closet in the master suite, and a private deck.

The first-floor duplex apartment has one bedroom and two bathrooms and was used by Adam to entertain guests.        

Early Life And Childhood

Adam Neumann was born on April 25, 1979, in Tel Aviv, Israel, to mother Avivit Neumann-Orbach and father, Doron Neumann.  

When his parents got divorced, Adam and his sister, Adi, moved with their mother to the US. They ended up returning to Israel four years later, whereupon Adam enrolled in the Israeli Naval Academy and spent his obligatory term serving in the Israeli Navy for five years.

He moved to New York in 2001 and graduated from the Zicklin School of Business at Baruch College with a degree in business.

Personal Life And Marriage

While studying at Baruch College, he met his future wife and business partner, Rebekah. They hit it off immediately and got married in 2009. 

They have five children together.  

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Frances McDormand-Net Worth, Awards, Movies, Husband, Age, Awards, Life, Height

Frances McDormand is an American actress. One of the few distinguished individuals in the film fraternity to have won the holy trinity of the performance arts: the Academy Awards (two times), the Primetime Emmy Awards (two times), and the Tony Awards (once), Frances’ catalog of movies speaks for itself.

The better half of legendary filmmaker Joel Coen — of the Coen Brothers fame, Frances McDormand’s net worth is reported to be $30 million as of April 2020.   

Frances McDormand: Net Worth Breakdown

Frances McDormand is a student of theatre; a graduate of Yale’s drama school, she made her professional debut in the play In a Fine Castle  (A.K.A The Last Carnival) for the MacArthur Foundation.

Her feature film debut came in the 1984 crime-drama-thriller Blood Simple, which also marked the directorial debut of her husband, Joel Coen and his brother Ethan Coen (in their first collaboration as the Coen Brothers). 

The Coen-McDormand collaboration would be a common theme throughout McDormand’s career; she went on to appear in much of the Coen Brothers’ movies, including  Raising Arizona, Fargo, The Man Who Wasn’t There, Burn After Reading, and Hail, Caesar!    

She was nominated for her first Academy Award in the 1988 crime-thriller, Mississippi Burning

She went on to land her second nomination and first win at the Academy Awards in the Best Actress category as the Police Chief Marge Gunderson in Fargo

READ MORE: Frances McDormand-Net Worth, Bio, Movies, Wife, Age, Awards, Life, Height      

She concurrently furthered her career in theatre and played Stella Kowalski in the stage adaptation of A Streetcar Named Desire, landing a Tony Award nomination in the process.

McDormand would go on to be nominated for three additional Academy Awards throughout the 2000s, namely in the movies Almost Famous (2001), North Country (2006), and Three Billboards Outside Ebbing, Missouri (2018); she took home her second Academy Award for the latter. 

McDormand continued to be a force on the small screens as well and went on to win two Primetime Emmy Awards for her performance as the titular character in the HBO miniseries, Olive Kitteridge.

With her 2011 Tony Award win for the stage play, Good People, McDormand became one of the few people in the film fraternity to have won the “Triple Crown of Acting”: the Academy Awards, the Emmy Awards, and the Tony Awards.      

Early Life And Childhood

Frances McDormand was born Cynthia Ann Smith on June 23, 1957. Her biological mother gave her up for adoption, and she became the youngest of three to be adopted by Canadian-born Disciples of Christ pastor Vernon McDormand and nurse/receptionist Noreen Nickelson. They legally had her name changed to Frances Louise McDormand, and that is how she would be known. 

Her father’s pastoral duties had his family move all across the country, but they settled in Monessen, Pennsylvania, where Frances attended Monessen High School.

She graduated in 1975 and subsequently attended Bethany College in West Virginia where she graduated from in 1979 with a Bachelor in Arts degree in Theatre. She then pursued her Master in Arts – Theatre degree from the Yale School of Drama and graduated in 1982.

Marriage And Personal Life

Frances has been married since 1984 to filmmaker Joel Coen — of the legendary Coen Brothers fame.   

Joel was responsible for giving Frances her first big break. She had her first starring role in the 1984 crime-drama thriller, Blood Simple — a movie the Coen Brothers directed. Twelve years later, McDormand won her first Academy Award for Marge Gunderson in Fargo — another Coen Brothers movie.

They legally adopted a six-year-old boy from Paraguay in 1995: Pedro McDormand Coen. They split their time between living in New York City and Bolinas, California.  

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