IN 2010, Adam Neumann and Miguel McKelvey famously found a way to profit from the idea of shared workplaces.
At the time, they founded the company WeWork, but following a 2018 scandal, management changed drastically and as of 2022, neither Neumann nor McKelvey work for the company.
Who is Miguel McKelvey?
McKelvey, 48, is famously known as an American businessman who co-founded the company, WeWork.
Outside of WeWork, McKelvey has also founded the companies Green Desk, and Generation Design Studio, according to his LinkedIn profile.
Prior to the business world, he obtained a degree in architecture from the University of Oregon.
When McKelvey is not in the office, he can typically be found at home with his wife, Hiyam McKelvey, who is a retired funding banker.
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Where is he now?
While McKelvey and Neumann were not the first people to create the idea of shared workplaces, they were the first to turn it into a business and make a profit from it, Time reports.
Over the years, the former partners were able to raise around $10billion from investors, according to Forbes, and help move WeWork from one office in Manhattan to over 111 cities across 29 counties.
Despite the success of WeWork, Neumann stepped down as acting CEO in 2018, after the company reportedly lost $2billion, and he was caught smoking weed on a plane from Israel, according to Esquire.
After Neumann’s departure, McKelvey stayed with the company but ultimately parted ways with it in July 2020.
“After ten years, I’ve made one of the most difficult decisions of my life,” McKelvey said in an email at the time, according to CNBC. “While it’s hard to leave, and I know there is a lot more work to be done, I could only make this decision knowing this company and our people are in good hands.”
After leaving WeWork, McKelvey went on to join Known Holdings as a part-time advisor, and in March 2022, he joined the United Kingdom-based company NAYAH as a full-time partner, according to LinkedIn.
Due to his success in the business world, he has been able to amass an estimated net worth of $2.9billion, according to Forbes.
What is WeCrashed?
Over the years, there have been a number of documentaries created about Neumann’s role at WeWork, and among them is the new Apple TV+ series, WeCrashed.
WeCrashed first premiered on March 18, 2022, and tells the story of McKelvey, Neumann, and his wife Rebekah, who were all at the center of the rise and fall of one of the world’s most valuable startups.
In the series, McKelvey is portrayed by Kyle Marvin while other cast members include Jared Leto, as Neumann, and Anne Hathaway as his wife.
The show is based on the Wondery podcast of the same name and is available to stream now.
Subscriptions for Apple TV+ start at $4.99 per month.
