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How Adam Neumann’s Property Cuts His Taxes
Previous WeWork CEO Adam Neumann (Getty Pictures, iStock, Garden 8 Miami, Stacks on Main, Trulia, Electric power Style and design Inc., Inkwell Decatur, Wikipedia, Illustration by Kevin Cifuentes for The Authentic Deal) When Adam Neumann was ousted from WeWork, he reportedly acquired virtually $200 million, additionally firm inventory well worth hundreds of millions more, Online Education. But with wonderful purses arrives good liability — tax liability, that is. Decreasing it was undoubtedly a priority for the exiled co-founder, and the genuine estate he acquired with his windfall figures to do just that. Neumann’s purchase of a the greater part stake in a $1 billion-as well as luxurious rental portfolio can…