Adam Neumann reportedly sold some of his stock during financing rounds and also borrowed against his shares.
According to a Wall Street Journal report, WeWork cofounder and CEO Adam Neumann has sold sizeable portions of his stake in the office space sharing company. Neumann also borrowed against his holdings, according to the WSJ report, buying more shares in his company as well as purchasing five homes and investing in real estate and startups. Neumann's sales and debt transactions totalled $700 million in total, according to the WSJ.
According to a Wall Street Journal report, WeWork cofounder and CEO Adam Neumann has sold sizeable portions of his stake in the office space sharing company. Neumann also borrowed against his holdings, according to the WSJ report, buying more shares in his company as well as purchasing five homes and investing in real estate and startups. Neumann's sales and debt transactions totalled $700 million in total, according to the WSJ.
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