Sandeep Mathrani
Sandeep Mathrani (born 1962) is an Indian-American real estate executive and the chief executive of WeWork, following the ouster of its former CEO, Adam Neumann. Prior to WeWork, he was the CEO of GGP Inc and the retail group of its parent company Brookfield Property Partners. Early life and education. Mathrani was born and raised in Gujarat, India. He went to high school at Cathedral and John Connon School in Mumbai, India. He emigrated to Philadelphia in the United States alone at the age of 16. In 1983, he graduated from college at the Stevens Institute of  Technology in Hoboken, New Jersey, obtaining his bachelor's degree in engineering and management science. In 1986, he obtained his master's degree in engineering from Stevens. According to Mathrani, he first got into real estate in 1986 by selling a used Nissan Sentra and using the proceeds to buy and flip an apartment building in Washington, D.C. for a $20,000 profit. In fact, he generated the funds in part by selling the Nissan and also by borrowing money using his credit card and securing a $52,000 loan from the US Federal Housing Administration (FHA). He was mentored  by two real estate giants, Bruce Ratner and Steven Roth (of the Vornado real estate giant). Business career. Mathrani began as the CEO of GGP Inc. in 2011, just as the company was emerging from Chapter 11 bankruptcy. He was hired away from his previous job as an executive with Vornado Realty Trust, the company owned by his mentor. He was CEO until 2018, when it was purchased by Brookfield Property. When the company was bought out, Mathrani netted roughly $189 million through the cash-and-stock takeover, which represented a combination of his golden parachute as CEO as  well as the value of his shares. After the acquisition, Mathrani joined Brookfield as the chief executive of its retail property management arm. In February 2020, Mathrani was brought on board as the new CEO of the struggling real estate company WeWork, following the ouster of its CEO Adam Neumann and the collapse of its IPO.