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WeWork CEO Adam Neumann Sold Some of His WeWork Stake

Today, we learn that WeWork CEO Adam Neumann has cashed out more than $700 million from the company ahead of its IPO via a mix of stock sales and debt, according to The Wall Street Journal. He has reportedly sold some of his stake in the company and borrowed against some of his holdings.The story notes that Neumann recently set up a family office to invest the proceeds and has begun to hire financial professionals to run it....

Mentions: Investment Management IPO