Since they were pushed out of the We Company at the end of 2019, the Neumanns have been downsizing. By Sushrut Gopesh. Following the fall of WeWork, Adam Neumann received a hefty exit package, which included a revised stock award of $245 million and more than $192 million in cash, the New York Post reported. , Awesome, Youre All Set! Theres a cringey scene in Hulus WeWork: Or the Making and Breaking of a $47 Billion Unicorn in which Rebekah Neumann stands on a stage beside her husband, WeWorks founder and then CEO, Adam Neumann, at a company retreat called Summer Camp. What happened at Rebekah Neumann's wedding? Musk, Adam later recalled to his staff, was unimpressed and lectured Adam about how getting there was, in fact, the hard part. The epic rise-and-fall of co-sharing space WeWork, its founder Adam Neumann, and his wife Rebekah Neumann are at the center of Apple TV+'s new series . According to Business Insider, Neumann once introduced herself at a sorority meeting by saying, "Yes, Gwyneth is my cousin. The couples regularly dine together and send gifts to each other. After a chartered trip to Mexico City in 2015, the operator, Gama Aviation, complained to WeWork that passengers were spitting tequila on each other; one passenger became sick throughout the cabin and lavatory, requiring extra cleaning; and that the crew was not tipped.. In honor of Apple TV+'s WeCrashed, we look back at the couple's extravagances and absurd requestsprivate waterfall and $60 . A 523 error means that Cloudflare could not reach your host web server. Rebekah Paltrow Neumann, 41, is the Co-Founder and Chief Brand and Impact Officer of The We Company. Rebekah and Israeli entrepreneur Adam Neumann met in New York and married in 2008. I never really believed her head was in that box," a reference to the infamous ending of Paltrow's film "Se7en" (via Vanity Fair). Yep, Gwyneth Paltrow is a subplot in Rebekah Neumann's life. Rebekah was recently in the news due to an article by The Wall Street Journal that examined her and Adams over-the-top, unconventional, and impulsive management styles. The two women are first cousins, according to Vanity Fair, with Neumann's father being the brother of Paltrow's father, the late director . (In my book, theres no reason why children in elementary schools cant be launching their own businesses, Rebekah told Bloomberg.) Reasons cited included his drug use, eccentric behavior and delayedinitial public offering of a company that burned through $2 billion in 2018 and thrived with the help of some $12 billion in venture capital money and debt. He also has said that Rebekah has used her years of accumulated wisdom to teach him about the game of life. But as any player knows, game recognizes game. Entering the 1990s, Paltrow's career was heating up after performances in films like "Shout" and "Hook" and once again appeared alongside her mother, this time in the 1992 mini-series "Cruel Doubt." Rebekah Neumann may be played by A-list actor Anne Hathaway in Apple TV+'s WeCrashed, but the former WeWork exec has her own connection to Hollywood. Sign up for our Celebrity & Entertainment newsletter. At its peak, WeWork was worth a whopping US$47 billionan eye watering figure to Adam and his wife Rebekahnaturally, they didn't want to stop there. According to a person familiar with the matter, she has taken over a building in Amagansett to school her kids along with the children of a few other families and has been reaching out to former WeWork employees to join the venture. Adam was passed out cold. Back then her name was Rebekah Paltrow, and everybody who knew her on campus also knew she was Gwyneth Paltrows cousin. At a WeWork Summer Camp in 2018, Rebekah told the audience that A big part of being a woman is to help men [like Adam] manifest their calling in life, according to a report by Property Week. For example, he became obsessed with surfing, but found it a hassle to get to the big waves. Rebekah was born Rebekah Victoria Paltrow, the daughter of . [21] Neumann also appears in the nonfiction book Billion Dollar Loser (2020). Her husband is a businessman and investor who is famous for being the co-founder of WeWork. Tuition went up to $42,000. The soul-searching school had an annual tuition of $22,000 to $42,000 but ultimately closed in 2019 after WeWork's IPO (initial public offering) failed. The most common cause is that your DNS settings are incorrect. But her most iconic, fascinating performance to date is playing Rebekah Neumann in the Hulu documentary in which she and her husband declined to participate. But that was nothing next to their most desired customization. The school fell victim to the problems faced by the rest of the company, but Forbes reported that Neumann had purchased it with hopes of a relaunch. Finally, it landed with Maria Comella, WeWorks top public affairs and policy executive. Her brother had died of cancer at 23, as had other close relatives, including her uncle Bruce Paltrow (the father of Gwyneth Paltrow). The curriculum included regular jaunts to the Neumanns Pound Ridge home, where the students picked produce and learned about farming. Click to reveal This is to say that while maybe she did grow up in a treehouse just off a dirt road, it would appear there was still enough money floating around to have a company plane and a pilot that flew the family to vacation homes in different corners of the country. In addition, Adam and Rebekah wanted to invite Jared and Ivanka to Rebekahs 40th birthday party in Italy. Shes the latest example of a LATE-STAGE CAPITALIST ARCHETYPE, a member of the cheugystocracy. In addition to the Hulu documentary, HBO Max released Generation Hustle, a series about American scammers, with an episode about the Neumanns unusual leadership style entitled The Cult of WeWork. Apple TV+ started production on WeCrashed, based on the Wondery podcast, following the greed-filled rise and inevitable fall of WeWorkand the narcissists whose chaotic love made it all possible, with Academy Award-winning actors Anne Hathaway and Jared Leto playing the couple. The Neumanns in 2009, the year before they founded WeWork. Back on land, Adams wife, Rebekah, who is now 43, was telling interviewers that the couple believe in this new Asset Light lifestyle.. Rebekah and Adam Neumann have remained married after being ousted from WeWork in 2019. The planned meeting time came and went as staffers waited in the hotel lobby for their fearless leader. [5] They have six children. Check your DNS Settings. And I am going to the wedding. Then, as the company expanded, she dropped acting altogether and got more involved in the business. [15][16], In October 2019, it was announced that the WeGrow school would close at the end of the academic year. Rebekah Neumann was born Rebekah Paltrow in 1978, and according to Bustle, she was the youngest amongst her siblings by a considerable margin, with the next youngest being 12 years older than her. 6 hours ago, by Eden Arielle Gordon In a 2016 fashion spread for Porter magazine that described the Neumanns as the $16 Billion Beatnik Couple Revolutionizing the Way We Live, Rebekah tried to downplay her comfortable upbringing, saying she grew up off a dirt road in, like, a tree house. But Paltrow, who was also interviewed, promptly shut her down. Corbis via Getty Images. In late April, he was spotted in Miami at an impromptu industry confab called Miami Tech Week, at a party held at the Venetian Islands mansion of financier Robert Zangrillo, who was pardoned by Donald Trump for his involvement in the Varsity Blues college admissions scandal. It was made entirely of white leather and featured a high-necked, long-sleeved bodice, and a full . You know, just to act a little bit better myself because its always good to learn., READNEXT: Hawaii Accidentally Activates Emergency Sirens, Scaring Residents, Rebekah Paltrow Neumann, Adam Neumanns Wife: 5 Fast Facts, Copyright 2023 Heavy, Inc. All rights reserved. His personal worth plunged from $10 billion to, Forbes reported, $750 million. She is famously known as Adam's wife and was the former CEO of WeGrow, WeWork's education program. Also on the list is Adam Neumann's (Jared Leto) love of Katy Perry . Photo: Caitlin Ochs/Bloomberg via Getty Images. That's one reason I was so gratified to see writer Moe Tkacik publish. Still to come, an adaptation of Wall Street Journal reporters Eliot Brown and Maureen Farrells book, starring Nicholas Braun, who plays cousin Greg on Succession, via Chernin Entertainment, which has a multiyear first-look deal with Netflix. While in India to meet with investors about expanding WeWork to that country, Adam partied a little too hard the night before. The Truth About Rebekah Neumann And Her Relationship To Cousin Gwyneth Paltrow. Even when she was still trying to break into acting, Rebekah believed so strongly in her husbands vision that she took a big bet: financing WeWorks first location using some of the $1 million that her parents had given the couple as a wedding gift. 1 day ago, by Chanel Vargas Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Apr 3, 2021. "The whole family was constantly under fear, constantly guarding and judging. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. VistaJet, the authors write, was frequently forced to deal with Adams onboard partying: taking jets out of service to clean up alcohol spills and vomit. This time, he's funding startup ventures through a controversial exit package that saw. Rebekah Paltrow Neumann started out trading stocks at Salomon Smith Barney before she and Adam started WeWork in 2010. Following the series premiere on March 18, here is all you need to know about WeWork founders Adam and Rebekah Neumann, and where the two are now. 9 hours ago, by Monica Sisavat While visitors awkwardly balanced their laptops on their knees, she would sprawl out on the floor on a fluffy white sheepskin rug. One person who worked with her said it was difficult to get her to commit to any decision, no matter how small. Thanks to her hefty inheritance, Neumman's wife, Rebekah (ne Paltrow - who, yes, is Gwyneth Paltrow 's cousin) was the first big investor at WeWork, later earning her the title of co-founder.. Tragically, around the same time, Neumann's older brother died after a bout with cancer when he was just 23. That said, Hathaway did talk to other people that knew Rebekah and Adam Neumann closely. They think everybody loves them.. As of 2020, the two were living in the Hamptons, with Rebekah looking to relaunch WeGrow as Student of Life For Life, or SOLFL. Rebekah would often ask WeWork construction workers to fix things in her homes. Greendesk laid the foundation for what WeWork would become, and in 2010, the company officially launched with its first location in New York City. 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