WeWork Inc. never figured out how to make money. Adam Neumann sure did.
The office-leasing business declared bankruptcy this week, two years after finally going public minus its infamous co-founder. It has $19 billion of liabilities and $15 billion of assets. Longtime investors, including Softbank Group Corp. and the Vision Fund, will add to the enormous losses theyve already taken on the venture.
Read the full article at: https://www.bloomberg.com/news/articles/2023-11-08/wework-is-bankrupt-but-adam-neumann-is-still-a-billionaire