WeWork long ago moved away from its all-in focus on coworking space: Its spin-off businesses under the We Company umbrella range from workout studios to private elementary schools. But in the near-decade since Neumann cofounded WeWork, he has invested millions of his company’s money and of his personal funds to pursue his wide berth of interests.
Neumann’s complex web of personal connections within WeWork have been criticized and raised concerns about conflicts of interest. His leadership style, and a recent report detailing his drug and alcohol use, have made investors question whether Neumann should remain CEO.
On Tuesday, Neumann announced he was stepping down as CEO in the company’s “best interest,” saying he was becoming “a significant distraction” to WeWork’s IPO plans. He’ll remain as non-executive chairman of the WeWork board, and was replaced by co-CEOs Sebastian Gunningham and Artie Minson.
Here’s what we know about the eccentric investments WeWork cofounder Adam Neumann has made, from artificial wave technology to superfood coffee drinks: