Miguel McKelvey, an American businessman and co-founder of WeWork, has made a significant impact in the business world. With his entrepreneurial spirit and innovative ideas, McKelvey has played a crucial role in the success of WeWork. This article aims to provide an in-depth analysis of Miguel McKelvey’s net worth, exploring his background, career achievements, and financial standing.
Early Life and Career Beginnings
Miguel McKelvey was born in 1974 and grew up in Eugene, Oregon . Raised in a unique environment, McKelvey was part of a “five-mother collective” and was exposed to alternative lifestyles from an early age. His family also ran a weekly newspaper called the Eugene Weekly. These early experiences likely shaped McKelvey’s perspective and influenced his future endeavors.
Co-founding WeWork
In 2010, Miguel McKelvey, along with Adam Neumann, co-founded WeWork, a company that revolutionized the concept of shared workspaces. WeWork quickly gained popularity and expanded globally, attracting numerous investors and reaching a valuation of $47 billion at its peak. As the former chief culture officer of WeWork, McKelvey played a vital role in shaping the company’s culture and fostering a sense of community among its members.
Financial Success and Net Worth
Miguel McKelvey’s financial success can be attributed to his involvement with WeWork. According to Forbes, as of November 2019, McKelvey had an estimated net worth of $900 million . However, it is important to note that this figure may have changed due to fluctuations in the market and WeWork’s subsequent challenges.
Post-WeWork Ventures
Following his departure from WeWork, McKelvey embarked on new ventures. He became a partner at Nayah, a company focused on sustainable building practices. This move demonstrates McKelvey’s continued interest in innovative and environmentally conscious projects. While his net worth may have been impacted by WeWork’s struggles, McKelvey’s entrepreneurial spirit remains strong.
Conclusion:
Miguel McKelvey’s journey from co-founding WeWork to his current ventures showcases his resilience and determination in the face of challenges. Despite the setbacks experienced by WeWork, McKelvey’s contributions to the company cannot be overlooked. While his net worth was estimated at $900 million in 2019, it is essential to consider that financial circumstances can change over time. As McKelvey continues to explore new opportunities, his impact on the business world remains significant.
