[bctt tweet=”Shares of IWG have added over $500 million to the net worth of CEO Mark Dixon as the company continues to be a beacon of light in a seemingly dim coworking world.” username=”allwork_space”]
Last year, the CEO nearly lost his status of one of Britain’s few billionaire CEOs, but IWG has doubled since then.
On the other hand, WeWork CEO Adam Neumann’s fortune has dropped by over $10 billion as the company’s IPO valuation continues to tumble due to several questionable practices revealed in its prospectus.
Dixon first became a billionaire in 2000 after Regus’ IPO, but much of his wealth diminished after the dotcom bubble burst led to the branch filing for bankruptcy.
Just last year, IWG shares fell 21% in a single day as profits declined. Still, IWG maintains being the world’s largest operator of serviced offices and is now moving forward with its franchising model in order to set itself apart from WeWork.