Hiyam McKelvey is best known as the wife of Miguel McKelvey, a co-founder of WeWork. She is an entrepreneur and a former finance banker. She has gained notoriety thanks to her spouse, Miguel McKelvey. Miguel is a businessman and a co-founder of WeWork. He also serves as the organization’s chief culture officer.

Who is Hiyam McKelvey:

Miguel’s wife Hiyam McKelvey is a prosperous businesswoman who has introduced her own cosmetics line, Pucker. She co-founded the makeup agency Pucker in 2013 with makeup artist Julio Sandino. Also, Pucker established a makeup parlour in New York where clients could acquire the look they want for any event, whether business or a special day. They opened their first store in Soho, where they sold customers accessible cosmetics and therapies at fair prices.

Miguel and Hiyam’s separation:

Hiyam and Miguel are currently no longer married; they divorced in 2017 and are now wholly apart. They now appear to be moving forward. Hiyam is a private individual who is not active on social media; she rarely makes personal information about her life public.

Hiyam McKelvey Career:

Hiyam McKelvey founded Pucker in February, a cosmetic studio at 129 Grand St. that offers expert makeup treatments at reasonable costs.

While information about her former profession is not publicly available, Hiyam opted to pursue her entrepreneurial dream after taking a hiatus to raise her son.

She adored having her cosmetics done for a big event since it increased her confidence and made her want to socialize. This encounter motivated her to develop a location where everyone could have comparable experiences without paying the hefty fees of a typical makeup professional. Pucker aims to make professional makeup application more attainable for everyone.

The Net Worth of Hiyam McKelvey:

Hiyam McKelvey, founder of the budget-friendly makeup salon Pucker, keeps her personal finances under wraps, with no official word on her net worth. Pucker’s focus on affordability extends beyond its services, suggesting Hiyam prioritizes accessibility over extravagant ventures. This approach reflects an entrepreneur driven by genuine passion for the beauty industry, not necessarily by accumulating vast wealth.

Her dedication to making beauty services accessible to a wider audience underscores her commitment to inclusivity and community impact. By emphasizing affordability, Hiyam ensures that quality beauty services are available to everyone, reinforcing her image as a visionary in the beauty industry who values people over profit.

What is WeWork all about?

WeWork was started by McKelvey and his friend Adam Neumann in 2010. Adam and Miguel first met in the late 2000s at a party. Neumann grew up in a kibbutz (farming community). The SoHo district of Manhattan served as the location of their first co-working space. It served as a workspace for independent contractors, start-up companies, and other groups. WeWork concentrated on building communities of incredibly dedicated members and physical spaces that engaged with business owners and employees. WeWork, according to Neumann, was founded to “elevate the world’s consciousness.” WeWork has also been referred to as “the world’s first tangible social network” by Adam.

The second WeWork site was in a building next to the Empire State Building. Three Persian brothers were the owners of the property. WeWork had 23 locations across eight cities in 2014. The business obtained $430 million from Chinese investors in March 2016. WeWork established its 100th branch in Berlin, Germany, in November 2016. WeWork secured a $4.4 billion investment from SoftBank in August of that year. WeWork was given a $20 billion valuation in August of last year. The business had about 3,000 employees as of the end of 2017 and 20,000 clients. Bjarke Ingels joined WeWork in May 2018 as the company’s Chief Architect in order to “give his views and ideas.”

WeWork became Manhattan’s largest property owner in September 2018 after renting 5.3 million square feet there, overtaking the previous record-holder, JPMorgan Bank. WeWork reported losses of $2 billion in the same year. SoftBank made a $2 billion investment in financing in January 2019. WeWork was valued at $47 billion. The business that Miguel co-founded had 485 outlets in more than 100 cities across 28 countries as of June 2019. Once news of WeWork’s financial difficulties broke in September 2019, WeWork made the decision to postpone its IPO.

The corporation was valued at $10 billion instead of $47 billion. The WeWork board made Adam resign from his position as CEO. He reportedly collected $1.7 billion from Softbank, a shareholder. Miguel remained employed by WeWork for an additional nine months after Softbank acquired the company. McKelvey formally left WeWork in June 2020. At the moment, Miguel remarked, “I’ve taken one of the hardest decisions of my life. I’ll be leaving WeWork, he continued.

A New Era (2020-2024):

• Miguel McKelvey, WeWork’s co-founder, remained with the company for nine months after the SoftBank acquisition before departing in June 2020.
• Finally, in October 2021, WeWork went public, marking a significant milestone after the initial IPO delay.

The Future Unfolds (2024):

Fast forward to 2024, WeWork operates under the leadership of John Santora, who assumed the CEO role in June 2024 following the company’s successful emergence from Chapter 11 bankruptcy. WeWork’s focus has shifted towards financial stability and operational efficiency. While the company remains a major player in the co-working space, it now competes with a more established and competitive landscape.

WeWork’s story serves as a captivating case study in the ever-evolving startup scene. It highlights the challenges of managing rapid growth alongside the potential for disruptive innovation. As of 2024, WeWork continues to navigate the dynamic world of work, with its future trajectory an intriguing prospect for industry observers.

What happened to Miguel Mckelvey, and Hiyam McKelvey a co-founder of WeWork?

Following a chance encounter at a gathering while they were both employed in the same office building, McKelvey and Neumann established their own business, GreenDesk, in 2008 after persuading the landlord to let them sublet little portions of a vacant structure. Again, there seems to be some truth to the show’s portrayal of McKelvey’s character working frantically through the night, as the actual architect is claimed to have created the company’s name, logo, and website in a single night while working from home.

As a result, WeWork was founded in 2010 and opened its first site in New York City. While McKelvey worked on the shared workspace architecture and design, Neumann made a pitch for the startup business and was successful in raising billions of dollars to support the company’s rapid growth. In 2017, the corporation named McKelvey as its Chief Cultural Officer, a post he appears to have held until his departure from the organisation in 2020. (with Neumann leaving the previous year). He was also listed among the most creative persons in the world in 2019 by Fast Company magazine. His net worth was estimated by Forbes to have dropped to $900 million in November of that same year from a peak of $2.9 billion.

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