Rated 5.00 out of 5 €2.499,99 including VAT Rated 5.00 out of 5 €799,99 including VAT This article is based on our research process for our US single family office database, which is also part of our global family office database. Our list includes several major US single family offices.You might also like the , curated by our partner portal ThousandInvestors. Adam Neumann is the co-founder of global coworking firm WeWork. He co-founded the company in 2010. Today, WeWork is valued at $47B. In April 2019, WeWork filed for an Initial Public Offering (IPO). According to TechCrunch, Neumann now sold shares worth more than $700M in order to launch his own single family office. If you’re interested in more single family offices you should check our .Development of WeWork from one office to billion-dollar-revenuesNeumann’s company WeWork started in 2010 with only one coworking office. With huge investor funding, the company soon opened further offices in New York, San Francisco, Boston and Seattle. The international expansion followed in 2014 with new offices in London, Tel Aviv and Asia. Investors of WeWork include Goldman Sachs, Wellington Management, Hony Capital or Softbank. Revenue increased from $886M in 2017 to $1.8B in 2018. Despite filing for an IPO in 2019, the company is burning money since its inception: WeWork’s net loss in 2018 was at $1.9B (+103.6% compared to 2017).Foundation of Adam Neumann’s Single Family OfficeThrough stock sales and equity-secured loans Neumann cashed out $700M from WeWork. But also after the sale, Neuman remains the single largest shareholder of WeWork. The money will be managed through his own single family office. According to , a first key hire was made: Ilan Stern will lead the Neumann Single Family Office. Stern recently supported venture capital firm General Catalyst to start a new debt fund. Before that, he also worked for the . The name of the family office will be “166 2nd Financial Services”. The investment focus of the family office will probably be comparable to Neumann’s personal investments. Neumann built up an $80M real estate portfolio and actively invested in startups like HomeTalk, InterCure or Selina.
Sources: (19.07.2019) (19.07.2019) (19.07.2019) (19.07.2019)l (19.07.2019)Always stay up-to-date in the single family office landscapeIn case you are interested in the most relevant family office news, we highly recommend you the following two-steps:Sign up for our newsletter . We publish a monthly newsletter of the most relevant single family office news. The newsletter includes new family offices, family office investments and reports about industry trend.Follow us on . Be the first to get-to-know relevant single family office news directly through your LinkedIn newsfeed.
User Comments1. Emma C.: Comment sample 1...2. Olivia
Adams: Comment sample 2...3. H.
Parker: Comment sample 3...4. Sophia
Williams: Comment sample 4...5. Layla H.: Comment sample 5...Editor's NoteThis article was refined for clarity, structure, and user experience.
(Editors: admin)
Disclaimer & Copyright Notice:
This article is edited and compiled by the editorial team at WealthShield Asia based on publicly available information. It is intended for informational purposes only and does not constitute legal, financial, or investment advice.
We respect intellectual property rights. If you believe that any part of this article infringes upon your copyright or other legal rights, please contact us at
admin@wealthshield.asia. We will promptly review and remove the content if necessary.
All rights reserved. Unauthorized reproduction or redistribution is prohibited.
