Ex-hot dog salesman in £28m split

A former hot dog salesman who amassed a £1 billion fortune is set to pay his ex-wife £28.7 million in one of the biggest-ever divorce payouts.

Essex-born Mark Dixon, 44, whose company Regus PLC rents out staffed offices to businesses worldwide, split from wife Trudy, 46, after they moved from Virginia Water in Surrey to Connecticut.

The settlement came to light after his firm offloaded shares worth almost £30 million.

A spokesman for Mr Dixon said he needed the money for his divorce settlement. The couple married in 1988 and have two children, Savannah, 14, and Joshua, seven.