WeWork Files for Bankruptcy, Founder Adam Neumann Maintains $1.7 Billion Net Worth and Launches New Startup Flow

Despite WeWork's financial downfall, founder Adam Neumann absorbs significant gains through exit packages and share sales; now leading a new endeavor, Flow, slated to disrupt the residential real estate market.

WeWork's bankruptcy filing reveals financial troubles with $19 billion in liabilities and $15 billion in assets, despite which founder ex-CEO Adam Neumann retains a net worth of $1.7 billion.
Neumann's wealth is largely due to exit packages and share sales, including a stock award worth $245 million when ousted as CEO and $578 million received for shares sold to SoftBank.
Despite facing criticisms for behaviors such as party-driven atmosphere and extravagant expenditures, Neumann may have a chance to rejoin WeWork post-bankruptcy, as his non-compete period has expired.
Neumann launched a new startup, Flow, in 2022, before WeWork's bankruptcy, with a target to disrupt the residential real estate market. The company received a $350 million initial investment from Andreessen Horowitz.
Flow, under Neumann's leadership, has so far acquired a portfolio of 3,000 housing units across major U.S cities, with Neumann applying lessons learned from WeWork to the new venture.