One of the few things people online are always interested in as regards the life of a popular person is his or her net worth, relationship status among others. Miguel McKelvey attracts a very decent level of interest from internet users and is one of the co-founders of WeWork, a provider of co-working space whether physical or virtual.
What is Miguel McKelvey’s net worth? Is Miguel McKelvey still at WeWork? Is WeWork still operational? These questions among others will be answered in this post.
We shall also discuss the family and educational background of Miguel McKelvey as well as his relationship status as of 2023.
Who is Miguel McKelvey?
Miguel McKelvey was born in Eugene, Oregon, USA in 1973. In 2010, Miguel McKelvey and CEO Adam Neumann co-founded WeWork, a communal workspace company. McKelvey is the company’s Chief Creative Officer, in charge of construction, architecture, and web design.
WeWork has raised over $2.5 billion in funding from investors including Goldman Sachs, JP Morgan Chase, and Softbank. The company rents out offices in over 40 cities worldwide, boasting amenities such as on-site beer kegs. WeWork now outperforms large REITs like Boston Properties and Vornado with its latest $21 billion valuation.
How old is Miguel McKelvey?
Mckelvey will be 49 years old in 2023, and he was born in 1974 in the city of Eugene, in the state of Oregon, in the United States. However, we have not been able to ascertain his precise date of birth so it’s hard to tell when he celebrates his birthday.
Education
Mckelvey attended South Eugene High School and graduated in 1992. He enrolled at Colorado College, where his professor, Carl Reed, was impressed by his sculpture and encouraged him to pursue architecture as a graduate course. Following that, he attended the University of Oregon, where he earned a Bachelor of Architecture degree in 1999 after finishing his studies there in 1995.
How Miguel McKelvey rise to fame
McKelvey worked as a busboy in a restaurant and spent two summers at an Alaskan fish processing plant before graduating from college.
McKelvey went to Tokyo to visit a friend after graduating from college, and while there, he co-founded English, baby! a web portal and social network for students to create and take foreign-language online courses.
The website includes vocabulary quizzes, grammar lessons, and a social network where English-language learners can connect with English-fluent peers. The company grew to 25 employees.
McKelvey then relocated to New York City to work at Jordan Parnass Digital Architecture. McKelvey became the manager of the international retail rollout after the firm was in charge of all American Apparel projects.
Adam Neumann and McKelvey met at a party because we both worked in the same office building. In 2008, the two persuaded their landlord to allow them to divide the floors of an empty building into semi-communal offices and rent them out; thus, Green Desk was born.
McKelvey created the new company’s name, logo, and working website in one night. Green Desk was an environmentally friendly coworking space that emphasized recycled furniture and wind-powered electricity. McKelvey and Neumann eventually sold the company to their landlord, Joshua Guttman, and rebranded it WeWork.
What is WeWork?
WeWork is a New York-based company that provides offices or workspaces for companies online or offline in 756 locations in over 38 counties in the world as of 2022. As of December 31, 2021, the company had 44.8 million square feet (4,160,000 m2) of space in 756 locations in 38 countries, including 19.8 million square feet (1,840,000 m2) in the United States and Canada, and 590,000 members with a weighted average commitment term of 20 months.
With its failed initial public offering (IPO) of company stock in 2019, the company gained mainstream media attention. According to the Wall Street Journal, the company was “besieged with criticism over its governance, business model, and ability to turn a profit” when its public prospectus was released in August 2019.
Following mounting investor pressure based on disclosures made in WeWork’s S-1 filing for the IPO, company co-founder Adam Neumann resigned as CEO and relinquished majority voting control in WeWork in September 2019. WeWork formally withdrew its S-1 filing and announced the postponement of its IPO due to growing investor concerns about its corporate governance, valuation, and business outlook.
At the time, the company’s reported public valuation was around US$10 billion, a decrease from the $47 billion valuation achieved in January and less than the $12.8 billion raised since 2010. The company is currently valued at $5.1 billion as of May 2022.
Miguel McKelvey’s Net Worth
Miguel Mckelvey’s net worth is $2.9b as of 2019. Miguel McKelvey and Adam Neumann cofounded the coworking firm WeWork in 2010 and served as its chief culture officer until July 2020. McKelvey became a billionaire in 2016, but his less than 5% stake in WeWork plummeted in value after the company’s cancelled September 2019 IPO.
Is Miguel McKelvey still at WeWork?
No, Miguel McKelvey is no longer working at WeWork. He left in July 2020 following the departure of his cofounder Neumann who step down from his role as CEO after the company lost about $2bn.
“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.”
Who is Miguel McKelvey’s wife?
Hiyam McKelvey, also known as Miguel Mckelvey’s wife, is a successful businesswoman in her own right, having launched her beauty line, Pucker, in 2009. Pucker Cosmetics was founded in 2013 as a result of her collaboration with makeup artist Julio Sandino.
Pucker also owns a cosmetics studio in New York, where customers can get the looks they want for any occasion, whether it’s a special event, a work function, or anything else. Their first shop, in Soho, catered to people looking for affordable and easily accessible cosmetic items and services.
Divorce
Miguel and Hiyam McKelvey are no longer together as husband and wife. The couple according to reports divorced in 2017 and they haven’t commented on why they went their separate ways since then. Besides, Hiyam appears to be a private individual who rarely speaks in public or talks about her personal life on social media space.
