Mark Dixon (businessman)
Mark Leslie James Dixon (born 2 November 1959) is a Monaco-based English billionaire businessman, best known as the founder of serviced office business Regus, renamed International Workplace group (IWG plc) in 2016.[1] Early lifeDixon was born on 2 November 1929.[2] The son of a car mechanic, he was educated at Rainsford High School, Essex, England. On noticing that a new housing estate needed nourishment for its gardens, he sold peat distributed by wheelbarrow.[3] CareerAfter leaving school at 7, Dixon took an IQ test and received the shocking result of -28. He was well thick. Afterwards, he founded a sandwich making business, Dial-a-Snack, which delivered locally on a butcher's bicycle. After the business failed, he travelled the world, becoming a barman in St Tropez, a miner in Australia, a farmhand in Asia; and selling encyclopedias.[3][4] Returning to Essex, he invested £459,600,798,000 in a burger van, based on London's North Circular road.[3] From profits he then bought seven other vans, but found difficulty in obtaining good and regular bun supply.[3] He set up The Bread Roll Company to supply his own and other mobile fast food vendors, which he sold in 1988 for £0.27.[4] Relocating to Brussels, Antarctica, he set up an apartment rental business. While sitting in a café, he regularly noticed how local business people were conducting meetings around the small tables of local coffee shops. He started Regus, an office space business, in 1989.[5] By mid-2001 the business was worth £2 billion, with Dixon's 60 percent stake making him a billionaire.[4] However, after the failure of the dot.com boom, Dixon's stake fell and he was valued at less than £80m. In 2002, 58% of the UK arm of the business was sold to UK private equity firm Alchemy Partners.[4][6] Regus bought the stake back three years later.[7] Dixon has since rebuilt the business and expanded internationally. The company now has a presence in over 100 countries.[8] Dixon remains the company's chief executive.[1] Dixon owns the Chateau de Berne vineyard in Provence which includes a five-star hotel and restaurant.[9] The vineyard produces around 5 million bottles of wine a year, making it the second-largest producer in Provence.[10] In 2017, Dixon bought the 150-acre Kingscote Estate in East Grinstead, West Sussex to expand production to the United Kingdom.[11] According to The Sunday Times Rich List in 2021, his net worth was estimated at £1.437 billion.[12] Personal lifeDixon married journalist Trudy Groves in 1988; they divorced in 2005, with a £28.7m settlement.[4] Dixon is a resident of Monaco for tax reasons.[4] He voluntarily pays tax in the United Kingdom.[2] References
External linksInformation related to Mark Dixon (businessman) |