Adam Neumann, co-founder and CEO of WeWork
NEW YORK CITY—Adam Neumann, WeWork's founder and CEO, reportedly cashed out stock from the co-working, shared office space company and took on debt, which together totaled more than $700 million, as first reported in The Wall Street Journal.
A source with knowledge of the transaction tells GlobeSt.com that Neumann cashed out stock and took out a loan secured by other equity in the company to cover the cost of exercising stock options in the company in the future. The source says that the total bucket of equity sold and debt amounted to approximately $700 million. The person notes that some of the loans would also cover the loan costs of assets purchased which Neumann has been leasing to WeWork.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
