Regus founder doubles fortune on serviced offices demand

[NEW YORK] Mark Dixon, the billionaire founder of Regus plc, the world's largest operator of serviced offices, has more than doubled his fortune in the past year as increased demand for flexible office space propelled the company's share price to an all-time high.

Regus shares have surged 106 per cent since last October, compared to a 30.3 per cent gain in the FTSE 250 index. Mr Dixon, 53, owns a 34.2 per cent stake in the company valued at US$1.1 billion, according to data compiled by Bloomberg.

"We think our growth is still just in its infancy," Mr Dixon said in an Aug 27 interview on Bloomberg Television.