Apple TV’s latest hit offering WeCrashed has quickly become the talk of the town. Starring Academy Award winners Jared Leto and Anne Hathaway, the miniseries depicts the rise and fall of Israeli-American billionaire entrepreneur Adam Neumann and his wife Rebekah Neumann, who is cousin to actress Gwyneth Paltrow. The real-life couple held key roles at WeWork, a start-up commercial property company that was once valued at a whopping price of US$47 billion before its estimated value plummeted. WeCrashed is a wordplay alluding to the mishaps of the couple when they were still affiliated with WeWork. But just who is Adam Neumann, what happened to his multibillion-dollar start-up, and where is he now? Adam Neumann co-founded WeWork and planned to list it Together with Miguel McKelvey, Neumann co-founded WeWork in 2010. WeWork’s vision, like many other start-ups, was to eventually go public through an initial public offering (IPO). Where is Inventing Anna’s Anna Sorokin now – and is she finally broke? The company had many successes, which included securing massive investments. According to Wired , at one point, WeWork was one of the five most highly-valued private companies in the US, along with Uber, Airbnb, Palantir Technologies and SpaceX. It also had its low points. In 2019, WeWork was forced to postpone its long-awaited IPO when it was discovered that its public valuation had plummeted to around $10 billion. He loves his tequila and held parties in the skies Neumann was a hard drinker and reportedly loved tequila so much that WeWork locations were frequently stocked with it. According to New York Magazine , the billionaire co-founder even offered one former employee a tequila shot during her job interview. Drinking at WeWork reportedly got so out of hand that it eventually put a four beer limit on the once bottomless serving of the beverage in the office. View this post on Instagram A post shared by Nathan Pedrazzini (@nathan_pedrazzini) Neumann is also a fan of taking parties to the skies. According to Vanity Fair , the former CEO would host private jet charters, treating them like party buses for his entourage. 10 things you probably didn’t know about Netflix’s Love Is Blind He was so out of control, WeWork wanted him out As much of a start-up genius as Neumann was, his extravagant and sometimes uncontrolled work and lifestyle negatively affected WeWork. Concerns about corporate governance and lack of profit were reportedly factors in the failed IPO attempt in 2019. Around that time, it was also widely reported by The Wall Street Journal that WeWork board members had been seeking to remove Neumann as CEO. EXCLUSIVE: How 'Partyer In Chief' WeWork founder Adam Neumann had a 'tequila-fueled leadership style', threw a debauched three-day staff party and scheduled 2am meetings, as ex-employees claim there was a 'cult-like' work environment, new book reveals https://t.co/sIq7DUqpIL pic.twitter.com/fyWcEjN0GP — NowMyNews (@NowMyNews) October 22, 2020 Amid the turmoil, Neumann eventually stepped down as CEO in September 2019. WeWork restructured its board and eventually merged with BowX Acquisition Corp. in early 2021. His severance package was big bucks Neumann didn’t walk away empty-handed though. The former CEO was paid US$1.7 billion, including a US$500 million loan to repay a credit line. He also pocketed US$185 million in consulting fees for SoftBank, which took up the reins of WeWork. Thinking back to that time when I had a @WeWork office and went to see founder Adam Neumann speak in one of our LA locations. You could tell immediately that he was drunk on his own ideas and on a lot of VC money. pic.twitter.com/5ZlgJdCyYw — Peter Abraham (@PeterAbraham) March 18, 2022 The Neumanns, along with their five kids, left the US a few months later and reportedly jetted all over the world in rented planes. They were joined by several nannies and security. What is Simon Leviev, Netflix’s Tinder Swindler, doing now? Despite the WeWork fallout, he’s still a billionaire According to The Wall Street Journal , Neumann has bought more than 4,000 flats valued in excess of US$1 billion. It was also reported by Bloomberg that Neumann had invested US$30 million in Alfred, a start-up that brings concierge-like services to residential buildings. All things considered, the billionaire start-up entrepreneur did fairly well financially despite the fallout with WeWork. Want more stories like this? Follow STYLE on Facebook , Instagram , YouTube and Twitter .