NEW YORK, NY - APRIL 24: Adam Neumann and Rebekah Neumann attend the 2018 Time 100 Gala at Frederick P. Rose Hall, Jazz at Lincoln Center on April 24, 2018 in New York City.Taylor Hill/Getty Images

WeWork, the coworking-space company with a valuation of $47 billion at its last private round of funding, revealed its public IPO filing in August.

Under the helm of CEO Adam Neumann, the company confidentially filed initial-public-offering paperwork in December as The We Company, a parent company encompassing WeWork and its other ventures, like WeLive.

Neumann sold and borrowed $700 million in transactions involving his shares in WeWork, The Wall Street Journal reported in July. Besides exercising his stock options and buying more WeWork shares, Neumann has also spent his money buying real estate and investing in startups, also according to the Wall Street Journal.

WeWork's public IPO filing discloses that Neumann did not take a salary in 2018 and was only paid $1 in 2017.

The Wall Street Journal and Bloomberg reported on Thursday that The We Company is now considering a valuation of around $20 billion for its IPO, and it may delay the IPO to 2020.

Here's what Neumann has been investing in:

Adam Neumann, WeWork's cofounder and CEO, has a net worth of $4.1 billion.

Scott Legato/Getty

Source: Forbes

But he wasn't always wealthy: Neumann went from broke to billionaire in the past decade.

Theo Wargo/Getty Images

One of the first businesses he started was Krawlers, which sold baby clothes with knee pads.

"At the time, I was misguided and putting my energy into all the wrong places," Neumann told Business Insider.

After Neumann met his wife Rebekah, they lived an East Village studio "apartment smaller than this office," Neumann told Business Insider. 

Neuman would go on to set his sights on bigger and better real estate once WeWork became successful.

Sources: Business Insider, Business Insider

Neumann founded his coworking-space company WeWork in 2010.

Brendan McDermid/Reuters

Nine years later, WeWork has a $47 billion valuation. The company is under the We Company umbrella, which also includes Neumann's coliving venture, WeLive, and the "conscious entrepreneurial school" WeGrow.

Source: Business Insider

See the rest of the story at Business Insider

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