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Adam Neumann: the 20-Billion Business Man Keeps Shabbat

Published on Monday May 7th, 2018

Adam Neumann is one of the most successful Israeli entrepreneurs in the world. He created an American company worth 20 billion dollars, and his capital was recently estimated at 2.6 billion dollars. But despite his high position, he keeps Shabbos: he does not work nor answer his phone calls on this holy day.

"In the past two years, I have started keeping Shabbos," revealed Neumann to Yediot Acharonot, a famous Israeli newspaper in an interview published recently. He lives in New York with his wife Rebecca Paltrow Neumann (actress Gwyneth Paltrow’s cousin) and their five children.

"On Shabbat, I am disconnected from everything, I have no one to talk to and I do not compromise on that," he says. “At first, this objective seemed difficult, but now I realize that it gives me time with my children, my wife and my friends. Last week, I had a hectic week during which I traveled and worked a lot. On Friday morning we woke up and said, "We are ready for Shabbos". Shabbos arrives, we light candles, we relax, friends come over, we eat a meal that we cooked beforehand. We are cut off from the rest of the world, but in reality we are connecting to one another. I spend more time than ever with my family, and I call and see my mother more than usual. And the real magic is that the more I follow this path, the more successful the company is. Go figure this out!"

Neumann is the head of WeWork, an American company which provides workspaces, community, and services for entrepreneurs, freelancers, startups and small businesses. He created this company in 2010 along with Miguel Mckelvey. WeWork has more than 2,000 employees and is located in 23 United States cities and in 16 countries, including Australia, Canada, India, China, Hong Kong, France, Britain, Israel, South Korea, Mexico, the Netherlands and Germany.

Neumann, 38, grew up in Kibbutz Nir Am, which is located in southern Israel, near Sderot. He served in the Israeli Navy before settling in New York with his sister Adi, an Israeli model. He founded WeWork after several unsuccessful attempts.

"When I met my wife ten years ago, I thought money was the purpose of life," he said to Yediot Acharonot. “I had a difficult childhood, my parents divorced, my mother was a doctor and worked late hours. Adi and I were alone, and we moved 13 times. When I arrived in the United States, I wanted to take shortcuts to make money - but everything went bad. I was angry, I thought I was entitled to everything. Then, when I met my wife, she told me to stop complaining about the past. She made me stop smoking and explained that I was on the wrong track. Thanks to her, I realized that the goal was to be happy and to do something that makes sense to you. "

"If you had asked me 10 years ago what my life would look like,” continued Neumann, “I would not have believed that I would have such a good relationship with my wife, and that I would be able to improve my relationships with people. I would have never guessed how much I love being a father. And as for money? I could have imagined creating a company worth $ 100 million - but the billion dollar term was unknown to me, I would never have considered that possibility. "

After being asked whether having so much money changed him, he replied, "I have more access to expensive things today, but what I like the most is that I can help those who have helped me in the past, my family, my mother, my father, my grandmother, my friends, and also, return money to investors who invested in me in the past and lost their money. “

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