WeWork co-founder Adam Neumann has a new title: ex-billionaire.
SoftBank Group Corp.’s decision to scrap an October agreement to buy $3 billion of WeWork stock means the former chief executive officer’s fortune has plummeted 97% to $450 million in less than a year — wiping away $13.5 billion of his estimated net worth, according to the Bloomberg Billionaires Index.
25,200 in U.S.Most new cases today
-26% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.123 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23