The $47 Billion Cult

MagnatesMedia March 15, 2025
Video Thumbnail
MagnatesMedia Logo

MagnatesMedia

@magnatesmedia

About

🎥 Mini movies about business & money. 💸 Business is fascinating. The way empires are built and destroyed... fortunes are made and lost... and companies battle to change the world. A 'magnate' just means a very wealthy and influential businessperson - and we'll be covering the stories of many different magnates here on this channel. 🤵 My name is John, and my goal is to make unique high-quality videos on fascinating stories. Think of it like Netflix for entrepreneurs - although hopefully anyone can enjoy these videos, as we'll be diving into a wide range of interesting topics. 🔔 Feel free to subscribe to MagnatesMedia if you'd like to come along for the ride. :)

Video Description

Download unlimited stock media at one set price with Storyblocks: https://storyblocks.com/Magnates 💸 Book a FREE call with Betterwealth: https://betterwealth.com/magnates 🙏 Thanks to Storyblocks & Betterwealth for sponsoring this video! This WeWork movie was a huge project that took months to make, and wouldn't have been possible without them. 🏖️ Run your own YouTube empire from anywhere (without being on camera): https://magnatesmedia.com (spaces limited as this includes personalized help) 🆓 FREE STOCKS for MagnatesMedia fans: https://magnates.media/freestocks 🎨 MagnatesMedia editing software: https://magnates.media/editing 📚 This WeWork video is split into chapters, so you can easily come back and watch it in multiple viewings if you don’t wanna watch all at once. 💻 Subtitles are available. For the best experience, I’d recommend watching on a larger screen (laptop or bigger), and ideally with earphones/headphones. Hope you enjoy the rise and fall of WeWork, one of the biggest business fails ever! THE WEWORK MOVIE - DESCRIPTION: THE STORY OF WEWORK (WeWork documentary). WeWork had been one of the most valuable start-ups on the planet, and the founder believed he was the messiah who was going to solve the world’s problems. However… WeWork was now bankrupt, being sued for billions, and accused of being a cult. So, what really happened here? This is a story of obscene wealth, power, and dead unicorns. And as we go deeper down this rabbit hole of the WeWork story, things will just get crazier and crazier. Welcome to the spectacular rise and fall of WeWork, one of the most insane business stories you’ll ever hear. Adam Neumann had an unusual childhood to say the least, and his driving instructor actually commented “Either Adam Neumann will end up a millionaire, or in jail”. In this video about the rise and fall of WeWork, we’ll look at how Adam got investors to put billions of dollars into his money-losing company that was not at all profitable. We’ll look at how Masa Son and Adam Neumann planned to build a company worth trillions, and become the world’s most valuable company… but instead crashed and burned in one of the biggest business failures ever. What really happened with WeWork? And what is Adam Neumann doing now? So many questions about WeWork’s wild history will be answered in MagnatesMedia’s longest ever business movie. An Epic Tale of Wealth, Greed & Chaos Wework: The $47 Billion Cult An Epic True Story of Money, Cults & Dead Unicorns The Dead Unicorn: A $47 Billion Disaster The Dead Unicorn: A $47 Billion Cult The INSANE Rise & Fall of WeWork: $47 Billion to Bankruptcy How To Lose $47 Billion FAST The Dead Unicorn: A $47 Billion DISASTER The Craziest Business Fail EVER The Dead Unicorn: How To Lose $47 Billion FAST Wealth, Greed & Unicorns: The INSANE True Story Wework: An Epic Tale of Wealth, Greed, Chaos & Unicorns Money, Chaos & Dead Unicorns: The WeWork Cult Money, Chaos & Unicorns: The INSANE True Story The $47 Billion Cult That Went Bankrupt The $47 Billion Cult The $47,000,000,000 Cult The 47 Billion Dollar Cult The Cult Worth $47 Billion ⌛ Chapters: 00:00:00 Intro 00:01:10 Chapter 1: Knee Pads For Babies 00:03:46 Chapter 2: Greendesk 00:10:20 Chapter 3: Launch of WeWork 00:19:19 Chapter 4: The Physical Social Network 00:29:53 Chapter 5: Summer Camp 00:34:21 Chapter 6: WeWorld 00:38:17 Chapter 7: WeLive 00:40:58 Chapter 8: Problems 00:45:32 How To Manage Your Money Like The Wealthy 00:46:41 Chapter 9: Masa Son - Unicorn Hunter 00:56:32 Chapter 10: Increase The Crazy 01:04:32 Chapter 11: Ego 01:11:11 Chapter 12: WeCult 01:14:32 Chapter 13: WeGrow 01:18:20 Create Your Own Videos With Storyblocks 01:19:28 Chapter 14: Project Fortitude 01:26:39 Chapter 15: Fortitude Fails 01:31:10 Chapter 16: The Shocking Economics of WeWork 01:34:23 Chapter 17: IPO Madness 01:42:47 Build Your Own YouTube Empire 01:45:47 Chapter 18: IPO Backlash 01:52:37 Chapter 19: Adam Leaves 01:57:09 Chapter 20: Life After Adam 02:01:36 Epilogue: The Comeback DISCLAIMERS: I'm not a journalist or financial advisor and this is not financial advice. I may receive a commission on affiliate links used. All content is used within the parameters of fair use. Please view our About page to contact us. Paid sponsorship enquiries: [email protected] How To Become A Legend: Step 1. Subscribe to MagnatesMedia and turn on all notifications. Step 2. That's it. You're a certified legend. Thanks for your support! 🎥 MagnatesMedia = Unique mini movies about business, marketing & money. 📺 Watch more now at: https://www.youtube.com/magnatesmedia 🔔 Subscribe & turn on all notifications to see new videos coming soon!

Join the Cult: Essential Tools

AI-recommended products based on this video

Loading...
Apple AirPods 4 Wireless Earbuds, Bluetooth Headphones, Personalized Spatial Audio, Sweat- and Water-Resistant, USB-C Charging Case, H2 Chip, Up to 30 Hours of Battery Life

Apple AirPods 4 Wireless Earbuds, Bluetooth Headphones, Personalized Spatial Audio, Sweat- and Water-Resistant, USB-C Charging Case, H2 Chip, Up to 30 Hours of Battery Life

(769)
$158.99$119.24
PrimeFREE delivery Sat, Jun 14
4K+ bought in past month
Loading...
Apple AirPods Pro 2 Wireless Earbuds, Bluetooth Headphones, Active Noise Cancellation, Transparency, Personalized Spatial Audio, High-Fidelity Sound, H2 Chip, USB-C Charging

Apple AirPods Pro 2 Wireless Earbuds, Bluetooth Headphones, Active Noise Cancellation, Transparency, Personalized Spatial Audio, High-Fidelity Sound, H2 Chip, USB-C Charging

(26,678)
$259.99$194.99
FREE delivery Wed, Aug 20
5K+ bought in past month
Loading...
Wireless Charger for iPhone- 3 in 1 Charging Station for iPhone 16/15/14/13/12/Pro Max/Pro/Mini/Plus, Apple Watch 10/9/8/7/SE/6/5/4/3/2/1/Ultra2/Ultra, AirPods pro/2/3/4

Wireless Charger for iPhone- 3 in 1 Charging Station for iPhone 16/15/14/13/12/Pro Max/Pro/Mini/Plus, Apple Watch 10/9/8/7/SE/6/5/4/3/2/1/Ultra2/Ultra, AirPods pro/2/3/4

(27)
$27.99
FREE delivery Sat, Jun 14 on your first order
Loading...
3 in 1 Foldable Charging Station for Apple Wireless Charger for iPhone 16 15 14 13 12 11 Series, Wireless Charging Station with Night Light for Apple Watch Charger for AirPods 4/3/2/Pro/Pro 2 (Black)

3 in 1 Foldable Charging Station for Apple Wireless Charger for iPhone 16 15 14 13 12 11 Series, Wireless Charging Station with Night Light for Apple Watch Charger for AirPods 4/3/2/Pro/Pro 2 (Black)

(751)
$35.99$24.07
PrimeFREE delivery Sat, Jun 14
500+ bought in past month
Loading...
FNTCASE for iPhone 12 Clear Case: for iPhone 12 Pro Case Magnetic Military Grade Drop Protection Anti Yellowing Cell Phone Cover - Rugged Durable Shockproof Protective Bumper (Clear) Global Recycled Standard

FNTCASE for iPhone 12 Clear Case: for iPhone 12 Pro Case Magnetic Military Grade Drop Protection Anti Yellowing Cell Phone Cover - Rugged Durable Shockproof Protective Bumper (Clear) Global Recycled Standard

(2,806)
$12.99
FREE delivery Sat, Sep 20 on your first order
500+ bought in past month
Loading...
Phone Case for iPhone 12 Pro Max Case Compatible with MagSafe, YUANDMI Case for iPhone 12 Pro Max Magnetic Slim Thin Translucent Matte Back Shockproof Anti-Yellow Protective Cover Case Black

Phone Case for iPhone 12 Pro Max Case Compatible with MagSafe, YUANDMI Case for iPhone 12 Pro Max Magnetic Slim Thin Translucent Matte Back Shockproof Anti-Yellow Protective Cover Case Black

(130)
$12.99
FREE delivery Sat, Jun 14 on your first order
Loading...
FNTCASE for iPhone 12 Pro Case: iPhone Magnetic Military Grade Drop Protection Clear Cell Phone Case - Rugged Durable Shockproof Anti Yellowing Slim Cases for iPhone 12 Pro (Clear)

FNTCASE for iPhone 12 Pro Case: iPhone Magnetic Military Grade Drop Protection Clear Cell Phone Case - Rugged Durable Shockproof Anti Yellowing Slim Cases for iPhone 12 Pro (Clear)

(81)
$9.99
FREE delivery Sat, Jun 14 on your first order
50+ bought in past month
Loading...
DUEDUE for iPhone 12 Case iPhone 12 Pro Case Liquid Silicone Slim Cover with Microfiber Lining Shockproof Protective Case for iPhone 12/12 Pro 6.1 inch Light Purple

DUEDUE for iPhone 12 Case iPhone 12 Pro Case Liquid Silicone Slim Cover with Microfiber Lining Shockproof Protective Case for iPhone 12/12 Pro 6.1 inch Light Purple

(1,577)
$12.99
FREE delivery Sat, Jun 14 on your first order
100+ bought in past month
Loading...
Wireless Charging Case for AirPods Pro 1st / 2nd Gen with Type-C Charging Port, Compatible with AirPod Pro 2nd Generation Replacement Case, with Blue-Tooth Sync Button, No Earbuds

Wireless Charging Case for AirPods Pro 1st / 2nd Gen with Type-C Charging Port, Compatible with AirPod Pro 2nd Generation Replacement Case, with Blue-Tooth Sync Button, No Earbuds

(15)
$42.98
PrimeFREE delivery Sat, Jun 14
Loading...
Cleaner Kit for Airpods Pro 1 2 3 Multi-Function Cleaning Pen with Soft Brush Flocking Sponge for Bluetooth Earphones Case Cleaning Tools White
Best Seller

Cleaner Kit for Airpods Pro 1 2 3 Multi-Function Cleaning Pen with Soft Brush Flocking Sponge for Bluetooth Earphones Case Cleaning Tools White

(9,766)
$9.89
FREE delivery Sat, Jun 14 on your first order
500+ bought in past month
Loading...
Apple AirPods Pro 2 Wireless Earbuds, Bluetooth Headphones, Active Noise Cancellation, Transparency, Personalized Spatial Audio, High-Fidelity Sound, H2 Chip, USB-C Charging

Apple AirPods Pro 2 Wireless Earbuds, Bluetooth Headphones, Active Noise Cancellation, Transparency, Personalized Spatial Audio, High-Fidelity Sound, H2 Chip, USB-C Charging

(26,678)
$259.99$194.99
FREE delivery Wed, Aug 20
5K+ bought in past month
Loading...
Wireless Charger, 3 in 1 Charging Station, Fast Charging Station Foldable Charging Stand, Wireless Charging Station for Multiple Devices, Compatible with lPhone 17/16/15/14/13 Pro Max Airpods Watch

Wireless Charger, 3 in 1 Charging Station, Fast Charging Station Foldable Charging Stand, Wireless Charging Station for Multiple Devices, Compatible with lPhone 17/16/15/14/13 Pro Max Airpods Watch

(156)
$25.64
FREE delivery Wed, Dec 24 on your first order
3K+ bought in past month
Loading...
USB C Car Charger, 3-Port 67W Super Fast Charging Dual USB-C & USB-A Car Charger Accessories Cigarette Lighter Adapter for iPhone 17 16e 16 15 14 13 12 11 Pro Max, iPad, Galaxy, Pixel, Android Phone

USB C Car Charger, 3-Port 67W Super Fast Charging Dual USB-C & USB-A Car Charger Accessories Cigarette Lighter Adapter for iPhone 17 16e 16 15 14 13 12 11 Pro Max, iPad, Galaxy, Pixel, Android Phone

(524)
$13.99
FREE delivery Sat, Jan 3 on your first order
2K+ bought in past month
Loading...
Nulaxy Dual Foldable Phone Stand for Desk, Fully Adjustable Desktop Cell Phone Holder Accessories for Office Kindle Compatible with 4-8" Mobile Devices iPhone Pro/Max/Plus, iPad Pro/Air/Mini, Black

Nulaxy Dual Foldable Phone Stand for Desk, Fully Adjustable Desktop Cell Phone Holder Accessories for Office Kindle Compatible with 4-8" Mobile Devices iPhone Pro/Max/Plus, iPad Pro/Air/Mini, Black

(65,351)
$14.99
FREE delivery Sat, Sep 20 on your first order
1K+ bought in past month
Loading...
for Magsafe Car Mount【20 Strong Magnets 】Magnetic Phone Holder for Car Phone Holder Mount Dash【360°】Cell Phone Mount for Car Accessories,Car Mount for iPhone 16 Pro Max 15 14 13 12 Plus MagSafe Cases

for Magsafe Car Mount【20 Strong Magnets 】Magnetic Phone Holder for Car Phone Holder Mount Dash【360°】Cell Phone Mount for Car Accessories,Car Mount for iPhone 16 Pro Max 15 14 13 12 Plus MagSafe Cases

(11,563)
$16.98
FREE delivery Tue, Jun 17 on your first order
3K+ bought in past month
Loading...
Phone Holder Car for Magsafe Car Accessories [78+LBS Hyper Suction & 4400gf Strongest Magnetic] 360°Adjustable Car Phone Holder Mount, Phone Holders for Car/Gym/Mirror for iPhone 16 Pro Max & Android

Phone Holder Car for Magsafe Car Accessories [78+LBS Hyper Suction & 4400gf Strongest Magnetic] 360°Adjustable Car Phone Holder Mount, Phone Holders for Car/Gym/Mirror for iPhone 16 Pro Max & Android

(89)
$27.99
Prime
Loading...
USB C Cable 6ft Type C Charger Cable 3.1A Fast Charging Nylon Braided USB A to USB C Charge Cord for Samsung Galaxy S25 S24 S23 S22 S21 S20 A12 A13 A14 A15 A16 A32 A53 5G Android Phone Tablet PS5 LG

USB C Cable 6ft Type C Charger Cable 3.1A Fast Charging Nylon Braided USB A to USB C Charge Cord for Samsung Galaxy S25 S24 S23 S22 S21 S20 A12 A13 A14 A15 A16 A32 A53 5G Android Phone Tablet PS5 LG

(4,378)
$8.41
FREE delivery Sat, Jun 14 on your first order
400+ bought in past month
Loading...
45W Super Fast Charger USBC Charger, 2Pack 10FT Samsung Charger Fast Charging Cord Cable& Samsung Type C Charger Block for Galaxy S25 S24 S23 S22 S21 Ultra/Plus, Tab S10 S9 S8 S7,iPad,Android Phone

45W Super Fast Charger USBC Charger, 2Pack 10FT Samsung Charger Fast Charging Cord Cable& Samsung Type C Charger Block for Galaxy S25 S24 S23 S22 S21 Ultra/Plus, Tab S10 S9 S8 S7,iPad,Android Phone

(52)
$22.79
FREE delivery Fri, Oct 3 on your first order
1K+ bought in past month
Loading...
Wireless Charger for Samsung - NANAMI 3 in 1 Charging Station for Multiple Devices,Fast Charger Stand Dock for Galaxy S25 S24 S23 Ultra S22 S21 S20 Z Flip Fold,Galaxy Watch 5/5 Pro/4/3,Galaxy Buds Pro

Wireless Charger for Samsung - NANAMI 3 in 1 Charging Station for Multiple Devices,Fast Charger Stand Dock for Galaxy S25 S24 S23 Ultra S22 S21 S20 Z Flip Fold,Galaxy Watch 5/5 Pro/4/3,Galaxy Buds Pro

(2,272)
$43.99
PrimeFREE delivery Sat, Jun 14
200+ bought in past month
Loading...
INIU 45W Power Bank, Ultra Small 10000mAh Portable Charger, USB C in&Out Fast Charging Battery Pack, Travel External Phone Powerbank Compatible with iPhone 16 15 Samsung S25 S24 Google Pixel iPad etc

INIU 45W Power Bank, Ultra Small 10000mAh Portable Charger, USB C in&Out Fast Charging Battery Pack, Travel External Phone Powerbank Compatible with iPhone 16 15 Samsung S25 S24 Google Pixel iPad etc

(520)
$41.42
PrimeFREE delivery Sat, Jun 14
500+ bought in past month
Loading...
Car Carplay Woven Cable for iPhone 16 15 3.3FT USB A to USB C 3.2 Gen 2 Carplay Adapter Wire for iPhone 16 15 Pro Max, iPad Pro/Air, Samsung Galaxy S25/S24/S23/S22/S21 Google Pixel, Car Charger Cable

Car Carplay Woven Cable for iPhone 16 15 3.3FT USB A to USB C 3.2 Gen 2 Carplay Adapter Wire for iPhone 16 15 Pro Max, iPad Pro/Air, Samsung Galaxy S25/S24/S23/S22/S21 Google Pixel, Car Charger Cable

(213)
$12.99
FREE delivery Sat, Jun 14 on your first order
100+ bought in past month
Loading...
Google Pixel Buds Pro 2 - Noise Canceling Earbuds - Up to 31 Hour Battery Life with Charging Case - Bluetooth Headphones - Compatible with Android - Hazel

Google Pixel Buds Pro 2 - Noise Canceling Earbuds - Up to 31 Hour Battery Life with Charging Case - Bluetooth Headphones - Compatible with Android - Hazel

(183)
199.99
PrimeFREE delivery Saturday, June 14
400+ bought in past month
Loading...
Anker 332 USB-C Hub (5-in-1) with 4K HDMI Display, 5Gbps - and 2 5Gbps USB-A Data Ports and for MacBook Pro, MacBook Air, Dell XPS, Lenovo Thinkpad, HP Laptops and More

Anker 332 USB-C Hub (5-in-1) with 4K HDMI Display, 5Gbps - and 2 5Gbps USB-A Data Ports and for MacBook Pro, MacBook Air, Dell XPS, Lenovo Thinkpad, HP Laptops and More

(11,639)
$23.99
FREE delivery Sat, Jun 14 on your first order
1K+ bought in past month
Loading...
Spigen Case for iPhone 15, iPhone 14, and iPhone 13, Ultra Hybrid MagFit Designed for Apple iPhone 15/14/13 - Crystal Clear

Spigen Case for iPhone 15, iPhone 14, and iPhone 13, Ultra Hybrid MagFit Designed for Apple iPhone 15/14/13 - Crystal Clear

(1,204)
$20.99
FREE delivery Sat, Sep 20 on your first order
100+ bought in past month
Loading...
Spigen Case for iPhone 17 Case, Ultra Hybrid MagFit [Anti-Yellowing, Magsafe Compatible] Designed for Apple iPhone 17 Case (2025) - Clear White ClimatePartner certified

Spigen Case for iPhone 17 Case, Ultra Hybrid MagFit [Anti-Yellowing, Magsafe Compatible] Designed for Apple iPhone 17 Case (2025) - Clear White ClimatePartner certified

(2,190)
$18.99
FREE delivery Sat, Sep 20 on your first order
Loading...
Spigen Case for iPhone 17 Case, Liquid Air Designed for Apple iPhone 17 Case (2025) - Matte Black ClimatePartner certified

Spigen Case for iPhone 17 Case, Liquid Air Designed for Apple iPhone 17 Case (2025) - Matte Black ClimatePartner certified

(3,371)
$13.99
FREE delivery Sat, Sep 20 on your first order
Loading...
Spigen Case for iPhone 16 Pro Case, Tough Armor [MagFit] Compatible with MagSafe - Black

Spigen Case for iPhone 16 Pro Case, Tough Armor [MagFit] Compatible with MagSafe - Black

(341)
$32.99
FREE delivery Sat, Jun 14 on your first order
Loading...
JETech Screen Protector for iPhone 17 6.3-Inch, Tempered Glass Film with Easy Installation Tool, 9H Hardness, Case-Friendly, 3-Pack
Best Seller

JETech Screen Protector for iPhone 17 6.3-Inch, Tempered Glass Film with Easy Installation Tool, 9H Hardness, Case-Friendly, 3-Pack

(45,653)
$10.99
FREE delivery Sun, Oct 19 on your first order
4K+ bought in past month
Loading...
Ailun 3 Pack Screen Protector for iPhone 17 [6.3 inch] + 3 Pack Camera Lens Protector with Installation Frame,Sensor Protection,Dynamic Island Compatible,Case Friendly Tempered Glass Film

Ailun 3 Pack Screen Protector for iPhone 17 [6.3 inch] + 3 Pack Camera Lens Protector with Installation Frame,Sensor Protection,Dynamic Island Compatible,Case Friendly Tempered Glass Film

(216,515)
$9.67
Prime
2K+ bought in past month
Loading...
Ailun 3 Pack Screen Protector for iPhone 17 Pro [6.3 inch] + 3 Pack Camera Lens Protector with Installation Frame,Sensor Protection,Dynamic Island Compatible,Case Friendly Tempered Glass Film

Ailun 3 Pack Screen Protector for iPhone 17 Pro [6.3 inch] + 3 Pack Camera Lens Protector with Installation Frame,Sensor Protection,Dynamic Island Compatible,Case Friendly Tempered Glass Film

(216,323)
$9.67
Prime
Loading...
JETech Screen Protector for iPhone 12/12 Pro 6.1-Inch, Tempered Glass Film, 2-Pack

JETech Screen Protector for iPhone 12/12 Pro 6.1-Inch, Tempered Glass Film, 2-Pack

(73,477)
$8.99
FREE delivery Sat, Sep 20 on your first order
200+ bought in past month
Loading...
Apple AirTag 4 Pack

Apple AirTag 4 Pack

(333,593)
$108.98
FREE delivery Sat, Sep 20
5K+ bought in past month
Loading...
Apple AirTag 1 Pack
Best Seller

Apple AirTag 1 Pack

(193,955)
$31.98$29.10
FREE delivery Sat, Jun 14 on your first order
5K+ bought in past month
Loading...
Citymore 4 Pack IPX8 Waterproof for AirTag Keychain,with Soft Silicone AirTags Holder Case Key Ring, Compatible with Apple AirTag for Luggage,Keys, Dog Collar etc

Citymore 4 Pack IPX8 Waterproof for AirTag Keychain,with Soft Silicone AirTags Holder Case Key Ring, Compatible with Apple AirTag for Luggage,Keys, Dog Collar etc

(2,559)
$11.96
FREE delivery Sat, Sep 20 on your first order
3K+ bought in past month
Loading...
HATALKIN Case Compatible with Apple AirTags Case Keychain Air tag Holder Air Tag Key Ring Cases Air Tags Protective Cover Airtag Key Chain Loop Holders Silicone for Luggage Dog Cat Pet Collar 4 Pack

HATALKIN Case Compatible with Apple AirTags Case Keychain Air tag Holder Air Tag Key Ring Cases Air Tags Protective Cover Airtag Key Chain Loop Holders Silicone for Luggage Dog Cat Pet Collar 4 Pack

(19,279)
$9.78
FREE delivery Mon, Aug 25 on your first order
1K+ bought in past month