Miguel McKelvey Net Worth 2023: Adam Neumann is widely recognized for his role in founding the real estate startup WeWork, but Miguel McKelvey also played a crucial role in the company’s creation. The story of their journey and the company’s dramatic downturn is depicted in the Apple TV+ drama “WeCrashed,” which aired on March 18th, 2022. This eight-episode mini-series chronicles WeWork’s ascent and subsequent collapse, a company that went from a valuation of $47 billion in 2018 to a significant downfall the following year.
“WeCrashed” explores the timeline from 2008, when Neumann and McKelvey envisioned an eco-friendly coworking space, a concept that rapidly evolved into a highly celebrated startup. The series features Jared Leto portraying Neumann, Anne Hathaway as his wife Rebekah, and Kyle Marvin as McKelvey. Despite its early success, WeWork encountered severe challenges, ultimately leading to a failed IPO in 2019, plummeting its valuation to $10 billion. In a dramatic turn, SoftBank, a Japanese tech giant, paid Neumann $1.7 billion to resign in late 2019, while McKelvey departed the company in June 2020. The current whereabouts and activities of Miguel McKelvey are explored in this context.
Who is Miguel McKelvey?
At 49 years old, McKelvey is recognized as an influential American entrepreneur, renowned for co-founding WeWork. His business ventures extend beyond WeWork, as he has also established Green Desk and Generation Design Studio, as listed on his LinkedIn profile.
Before venturing into the business realm, McKelvey earned a degree in architecture from the University of Oregon. Away from the professional setting, he often spends time at home with his spouse, Hiyam McKelvey, who is a former investment banker.
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Miguel McKelvey’s Biography
Miguel McKelvey, a notable American entrepreneur, is recognized for co-founding WeWork and serving as its chief culture officer. In 2017, he took on the role of chief culture officer at WeWork. Recognizing his innovative contributions, Fast Company included McKelvey in its list of Most Creative People in 2019. On June 5, 2020, he made an announcement about his departure from WeWork, stating that he would leave the company by the end of that month.
|Full Name||Miguel McKelvey|
|Birth Place||Eugene, Oregon, United States|
|Age||49 years old|
|Net Worth||$900 million|
|Height||6 ft 66 in (2.03m)|
Miguel Mckelvey Net Worth
McKelvey’s substantial fortune primarily stems from his role in establishing WeWork, which led to him becoming a billionaire in 2016. In an interview, he expressed that his definition of success centers around finding meaningful and personally fulfilling endeavors. Besides his involvement with WeWork, McKelvey has also founded several other companies, including Generation Design Studio, Version, and Green Desk.
As of January 2019, when WeWork’s valuation reached a peak of $47 billion, Miguel Mckelvey net worth was estimated at around $2.9 billion, corresponding to his 5% ownership in WeWork. However, by March 2022, the valuation of WeWork had decreased to $2.9 billion.
In the early part of 2020, McKelvey listed his three-story New York City townhouse for sale, priced at $21 million. The property is a modernist house, spanning 6,000 square feet. Consequently, Miguel McKelvey’s estimated net worth is currently around $900 million.
|Net Worth:||$900 million|
|Source of Wealth:||WeWork, Self Made|
|Annual Income:||$ 1-10 Million|
|Country of Origin:||United States of America|
Miguel McKelvey’s Early Life
Born in 1974 in the United States, Miguel McKelvey was raised in Eugene, Oregon, where his family operated the Eugene Weekly newspaper. In a January 2020 interview with Fortune, he described himself as a rebellious teenager, especially on the high school basketball court, where his coach taught him the importance of accountability.
McKelvey opened up about growing up without his father and lacking guidance on setting boundaries. He completed his high school education at South Eugene High School, graduating in 1992. Initially, he enrolled at Colorado College but later transferred to the University of Oregon. This shift was influenced by a recommendation from Colorado College professor Carl Reed, who suggested that McKelvey pursue architecture for graduate studies. He eventually earned his Bachelor of Architecture degree in 1999.
Basketball played a significant role in McKelvey’s early life; he was a part of the Oregon Ducks team for two years. During his college years, he worked as a busboy in a restaurant and spent two summers at a fish processing plant in Alaska. After graduating from college, McKelvey traveled to Tokyo to visit a friend.
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Miguel Mckelvey’s Career
Before completing his college education, McKelvey worked as a busboy in a restaurant and spent two summers working at a fish processing plant in Alaska. He then relocated to New York City, where he joined Jordan Parnass Digital Architecture. This firm was notably involved in the design and implementation of projects for American Apparel, and McKelvey eventually took on the role of manager for the international retail rollout.
It was in New York that McKelvey met Adam Neumann; they were both working in the same office building and connected at a party. In 2008, the duo persuaded their landlord to allow them to convert the floors of a vacant building into semi-communal office spaces, laying the groundwork for Green Desk.
Remarkably, McKelvey created the name, logo, and website for Green Desk in just one night. The enterprise emphasized eco-friendliness, using recycled furniture and wind-powered electricity. After some time, McKelvey and Neumann sold Green Desk to their landlord, Joshua Guttman, and used this experience to develop the concept of WeWork. Founded in 2010, WeWork’s inaugural office space was established in SoHo, Manhattan.
In his role at WeWork, McKelvey was integral in guiding the company’s culture. He oversaw construction, architecture, and web design, and played a key part in cultivating the company’s operational culture. Under The We Company, launched in 2019, several new initiatives were introduced, including WeLive (a co-living venture), Rise by We (a luxury gym concept), and WeGrow (a private elementary school).
In 2017, McKelvey was appointed as WeWork’s chief culture officer. His creativity and innovation were recognized in 2019 when Fast Company named him one of its Most Creative People. However, on June 5, 2020, he declared his intention to leave WeWork at the end of that month.
What Does Miguel McKelvey Do After WeWork?
More than ten years after co-founding WeWork alongside Adam Neumann and nearly two years following his departure from the coworking space startup, Miguel McKelvey has returned to the public eye.
Having amassed a considerable fortune through WeWork, McKelvey is now a key figure in Hulu’s new limited series “WeCrashed.” In 2017, he was appointed as WeWork’s chief culture officer, and in 2019, he was recognized by Fast Company as one of the Most Creative People. His exit from WeWork in June 2020 came in the wake of the company’s unsuccessful IPO in 2019 and several high-profile departures, including Neumann’s resignation in September 2019.
Despite leaving the company, McKelvey seems to maintain a connection with WeWork, as evidenced by his Instagram posts about his visits to WeWork locations worldwide and his reflections on the all-nighter he spent designing the WeWork logo. Moving forward from WeWork, McKelvey has embraced a new role, continuing to apply his expertise in design.
Is Miguel Still Employed at WeWork?
Miguel McKelvey, appointed as WeWork’s chief culture officer in 2017 and named one of Fast Company’s Most Creative People in 2019, announced his departure from WeWork on June 5, 2020. He intended to leave at the end of that month. McKelvey, a co-founder of WeWork in 2010 along with Adam Neumann, was one of the last executives from the company’s original leadership. His decision to step down came as WeWork was grappling with various challenges, including a class-action lawsuit related to its unsuccessful IPO in 2019.
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Miguel McKelvey’s Education
Born around 1974 in Eugene, Oregon, Miguel McKelvey completed his high school education at South Eugene High School in 1992. Known for his energetic presence on the basketball court during his high school years, he then attended Colorado College. Recommended to pursue architecture, he later transferred to the University of Oregon, where he graduated in 1999 with a Bachelor of Architecture degree.
|High School||South Eugene High School|
|University||University of Oregon|
Miguel McKelvey’s Wife, Hiyam McKelvey
Hiyam McKelvey, the former wife of Miguel McKelvey, is an entrepreneur who launched her beauty line, Pucker, in 2009. In 2013, she co-founded the cosmetics company Pucker with makeup artist Julio Sandino. The company, with a cosmetics studio in New York, offers various beauty services and products. Hiyam and Miguel’s marriage ended in divorce in 2017, and since then, they have pursued separate paths. Hiyam is known for her privacy and maintains a low profile on social media, rarely discussing her personal life publicly.
Miguel Mckelvey Family, Parents, and Siblings
Miguel McKelvey was born and raised in Eugene, Oregon. Information about his family, including the identities of his parents and whether he has any siblings, remains undisclosed. This aspect of his life is not well-documented publicly, and any additional details about his family are currently not available.
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Miguel McKelvey’s Physical Appearance
As of 2023, McKelvey is 49 years old, having been born in 1974 in Eugene, Oregon, USA. He has kept his exact date of birth private, making it unclear when he celebrates his birthday each year.
In terms of physical stature, Miguel has an average height. There’s no specific information available about his weight. Based on his photos, where he often appears notably tall compared to his environment, it’s evident that he has a considerable height. However, precise details about his exact height and other body measurements have not been disclosed to the public.
|Eye Color||Dark Brown|
|Hair Color||Dark Brown|
|Height||6 ft 66 in (2.03m)|
Where is Miguel McKelvey Now as of 2023?
As of 2023, Miguel McKelvey has taken on a new role since his departure from WeWork. In November 2021, more than a year after leaving WeWork, he began serving as a part-time advisor at Known Holdings, as indicated on his LinkedIn profile.
McKelvey is currently a partner at Nayah, a design studio. According to the studio’s website, he is focused on working with individuals who possess bold and impactful ideas and are courageous enough to fully embrace their journey toward actualizing those ideas.
Previously, McKelvey was married to Hiyam Khalifa, but their marriage ended in 2017. At present, he is single and has not been publicly associated with anyone.