We Work’s ousted co-founder extracted over $2bn from the company, according to a new book.
Adam Neumann’s We Holdings LLC profited from various stock sales during his tenure at the company to the tune of $500m, according to the authors of The Cult of We: WeWork, Adam Neumann and the Great Startup Delusion.
Axios previously estimated that figure at $300m.
Official filings outline other deals, including cash settlement payments, shares in his former company, and SoftBank’s final severance payment, take the figure to $2.1bn.
The shared office space provider is currently limbering up for its second attempt at a stock market listing.
