How Mark Dixon Built His Co-Working Company To Survive Coronavirus | Forbes

For someone you’ve never heard of, Mark Dixon is just about everywhere. His Switzerland-based International Workplace Group (IWG) develops and sublets flexible office space—conference rooms, offices and co-working areas—in more than 3,300 locations across 1,200 cities in 110 countries. That global reach makes him the biggest flexible-workspace operator in the world, far larger than his much better publicized—and much more troubled—competitor WeWork, which has 739 spaces in 140 cities.

It has also put Dixon—IWG’s founder, CEO and largest shareholder—smack in the center of the worldwide workplace-closing pandemic. When the stock market peaked this February, Dixon was richer than ever, worth nearly $2 billion.

Then coronavirus came, sending workers home in droves and pushing IWG shares down 75%, right alongside cruise operators and airlines. By the time Forbes locked in the World’s Billionaires list in mid-March, Dixon, who owns about 30% of IWG, no longer made the cut. He is worth closer to $800 million, after losing more than $1 billion in a single month.

Read the full profile on Forbes: https://www.forbes.com/sites/chasewithorn/2020/04/10/the-anti-wework-how-mark-dixon-built-his-coworking-company-to-survive-coronavirus/#6a4d6a44621b

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