IWG Maintains Top Dog Status As WeWork Fumbles

September 13th, 2019 - By Aayat Ali

IWG Maintains Top Dog Status As WeWork Fumbles

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. Click To Tweet

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.

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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.

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ABOUT Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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