Disgraced WeWork Founder Adam Neumann Lists Manhattan Properties

Ousted from the company he founded, Adam Neumann sells the pricy penthouse he purchased just two years ago

Co-Founder and CEO of WeWork Adam Neumann onstage during TechCrunch Disrupt NY 2017 at Pier 36 on May 15, 2017 in New York City. (Photo by Noam Galai/Getty Images for TechCrunch) – Licensed under CC 2.0 -https://flic.kr/p/Ufx5Kj

(NEW YORK, NEW YORK)—Amidst the scandal and disgrace precipitated by We Work’s disastrous IPO launch this fall, founder and ex-CEO Adam Neumann has listed a luxurious Manhattan triplex he purchased just two years ago for a whopping $27.5 million, The New York Post reports.

Neumann purchased the at the height of the WeWork buzz, when he was boasting that he wanted to be the world’s first trillionaire. The palatial penthouse was originally a penthouse duplex and a separate three-bedroom apartment just one floor below, which Neumann purchased and combined. It is not the only pricy property that Neumann has maintained in Manhattan—there’s no word so far on what is to become of his Greenwich Village Townhouse, his Hamptons homes, or his San Francisco home. As of July 2019, before his downfall, Business Insider reported he had made over $80 million of residential home purchasesin the past nine years.

Although it appears Neumann is downsizing somewhat, it’s not for porverty. In October, Neumann received a $1.7 billion exit package, at the same time that WeWork began widespread layoffs.

Nick Gavin of Compass—a fellow Softbank protegee, like We Work—has the listing.

 

 

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