WeWork CEO Adam Neumann dropped $21 million on a San Francisco house with a guitar-shaped room in 2018, and that’s just part of his sprawling real-estate portfolio

WeWork cofounder Adam Neumann.

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WeWork cofounder Adam Neumann.
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WeWork cofounder Adam Neumann owns some interesting residential real estate.

In 2018, Neumann bought a 13,000-square-foot home in the San Francisco Bay Area with a guitar-shaped room for $21 million, according to The Wall Street Journal. The home was added to Neumann’s long list of residential real-estate purchases, which over the past nine years have totaled over $80 million.

Read more: Before he was a billionaire, WeWork CEO Adam Neumann was broke. Here’s the NYC building where he and his wife lived in a tiny apartment before he built a $47 billion company

According to public reports, Neumann – who, Forbes reports, has a net worth of $4.1 billion – also bought a townhouse in Greenwich Village for $10.5 million in 2014 and property in Gramercy Park for $35 million in 2017. He reportedly also owns a home in Westchester County and the Hamptons, but the purchase prices are not known.

Neumann’s real-estate ventures span beyond just residential. He’s invested in commercial properties, startups, and has reportedly given away over $100 million, according to The Wall Street Journal.

WeWork was valued at $47 billion in January of 2019. In July, Neumann made media headlines for reportedly cashing out over $700 million from the company ahead of its initial public offering.

Business Insider previously reported that before he became a billionaire, Neumann was broke. He and his wife, Rebekah, lived in a tiny apartment in NYC’s East Village.

The company didn’t immediately respond to a request for comment from Business Insider.

Read the full article at The Wall Street Journal »