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Ousted WeWork founder Adam Neumann is snapping up two adjacent waterfront properties near Miami for $44million

Adam Neumann, who took home a nearly $1billion golden parachute after he was ousted as CEO of WeWork, reportedly has purchased two waterfront properties near Miami Beach.

The eccentric businessman is in contract to buy two adjacent properties on Bal Harbour Marina.

The properties, which total 50,000 square feet, offer multiple slips in the marina.

Neumann, 42, will pay $44million for the properties to the seller, local investor Joseph Imbesi, according to The Wall Street Journal.

One of the parcels is being used to build a 14,000-square-foot home that is currently under construction.

Adam Neumann, who took home a nearly $1billion golden parachute after he was ousted as CEO of WeWork, has reportedly purchased two waterfront properties near Miami Beach

The eccentric businessman is in contract to buy two adjacent properties on Bal Harbour Marina. The properties, which total 50,000 square feet, offer multiple slips in the marina

The other parcel is an empty lot. Put together, the two hug 360 feet of coastline.

In the late 1990s, Imbesi bought up 10.5 acres of land in Bal Harbour for $19million. The two parcels purchased by Neumann are part of those 10.5 acres.