Denise Coates, Peter and John, owners of Bet365, in the richest persons’ list

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Denise coates
Denise coates

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Denise Coates and the remaining Bet365 family owners ranked 19th in the top 20 on Sunday Times UK’s richest list.

The Coates family, which holds 93% of Bet365, now ranks 19th with a total amount of £ 6,856 billion ($ 8.9 billion).

It increased by £ 1.1bn since last year, thus raising them two places in the list.

According to the Sunday Times, Bet365 owners were Britain’s second-largest taxpayer in 2018, with a total tax bill reaching £ 156 million in 2017-18.

The history of Bet365

Denise Coates is the co-CEO of Bet365, one of the largest online betting companies in the world, along with her billionaire brother, John.

She began by gaining experience as an accountant, before taking over several of her family betting shops, that she later sold to the bookmaker Coral.

Observing the success of online gambling companies, Denise bought the domain on eBay for $ 25,000.00 in 2000, a move that propelled her to the UK fortune league. Launched the site in 2001.

She currently owns about half of Bet365, a privately held company that handles more than $ 65 billion in bets per year.

According to an article in the British newspaper, The Guardian, Denise Coates took home more than a third of the company’s annual profit in record wages.

She paid herself £ 265 million in 2017, in a record payment deal for a chief executive of any British company.

Also, she collected dividend payments of £ 45 million from her more than 50% stake in the company.

The Salary of Denise Coates

Her salary is more than 9,500 times the UK average salary, 1,700 times that of the Prime Minister and more than double what she paid for the entire Stoke City football team that Bet365 owns.

The payout to Denise Coates is also 27 times greater than that earned by Tim Cook, chief executive of Apple, the most valuable company in the world.

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