Her pay packet works out at almost 54,000 an hour and was also more than all of the salaries of the chief executives of Britain's 100 largest listed companies put together. Denise Coates, CEO of Bet365, stands out as an example of success but is far from the only beacon of female achievement. Denise Coates is 55 years old, she was born on the 26th of September 1967. Accounts presented at Companies House detail the charitable activity of the foundation created by Coates, Britain's highest . Most people in the UK, however, would walk down the street and never see her. gambling entrepreneur has topped the Sunday Times Tax List three years running taking a pay cut of 170 ($209) million in 2021, Denise Coates is the While adjusting to collegiate life, she obtained work with the family business, marking up bets in the Provincial Racing cashiers department. The mainstream media gave a sideswipe the gambling trade press for not focusing their coverage on how much money Denise Coates made. 1995. The business paid 615million to the Exchequer in 2019/20, on top of an estimated 220 million tax bill on Mrs Coates's personal income. The Coates family, who own Stoke City football club, are also Britain's biggest taxpayers. She earned a whopping 469 million in 2021. Fortunately, in the male-dominated world of UK sports betting, her gender was never a barrier. Compare two chief executives. evident that the Coates family values privacy over publicity. We use this information to better understand how you use our website so that we can improve your user experience and present more relevant content. Bet365 did not respond to a MailOnline request for a comment. She sold Provincial Racing to Coral for about $50 million. Denise Coates is the current betting leader at bet365. her father runs the bet365 business. Denise Coates, founder of bet365. Despite the fact that the chain had been struggling in previous years, she happily accepted and was appointed Managing Director in 1995. . The donation is part of a voluntary initiative that urges UK gambling operators to help fund the necessary programs as part of their duty to promote responsible gambling. What will the next pandemic be? Guidelines, 1 million donated to support Get 5 free searches. million (or $5.2 million). In its annual results released this week, the company said that net gaming revenue for the year almost topped 3bn, up just under 10% year-on-year while operating profit came in at 767m. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Profits slumped 74 per cent to 194.7m, but the company said it had not cut staff pay or laid off employees as a result of the crisis. . Private Denise, 53, has been buying up neighbours' houses and land to expand her space-age home nicked 'Tesco Extra' by locals. anonymously (anonymous users cannot post links). Other than The boss of gambling website Bet365, Denise Coates, was paid nearly half a billion pounds in salary and dividends last year, as the latest in a string of record-breaking awards took her total pay . Her father has owned bet365 for years, and the bookmaker is the team's main sponsor. As an adult, But money is no object for the country's highest paid businesswoman, who mortgaged her father's betting shops to set up a company that now has a turnover of 2.9billion. While the charity reserves increased by 50% to 568 million, its donations decreased from 9 million to 6 million. The Denise Coates Foundation saw a 50% increase in reserves, despite which it reduced donations to charitable organizations by 3 million. Denise Coates and her family - who run the Stoke-on-Trent headquartered business - paid an estimated 481.7 million in tax last year, according to the annual Sunday Times Tax List. of bet365 also enabled Denise to fulfil her fathers football passions once Bet365 is still one of the citys leading employers, employing an estimated 2,500 people, the majority of whom are locals. . This week it emerged she had paid herself 469million -the biggest salary in UK history. As I write, the Denise Coates Exhibition Gallery is hosting a Peter Doig exhibition. How Your Local Grocery Store Is Designed Like A Casino, These Are Officially The Rudest Premier League Fans, Top Tips To Improve Your Chances Of Winning Scratch Cards, Highest And Lowest Gambling Taxes Around The World, Editorial And now Bet365 founder Denise Coates is building an extravagant dream house. There also might be an argument for the company to establish a more public face. It is a (north) west midlands economic powerhouse existing at a time when such entities anywhere in the UK are in short supply. The highest paid director of Bet365 Group - believed to be founder and majority shareholder Denise Coates CBE - earned a salary of 421m in the year ending 29 March. The Denise Coates Foundation bet365 House Media Way Stoke-on-Trent ST1 5SZ Tel: 0845 6000 365 (The Foundation does not advertise an email address.) The highest paid director of Bet365 Group - believed to be founder and majority shareholder Denise Coates CBE - earned a salary of 421m in the year ending 29 March. Through these shops, he began to cultivate his success, and by 1989 he was a principal shareholder of his hometowns football club, Stoke City. Also this week we saw headlines loudly proclaiming that Denise Coates had been paid the grand sum of 277m in the year to March plus a further 46m in her share of dividends. Denise Coates began to suspect that the Internet was the wave of the future for sports betting around the turn of the century. But the Coates family has been understandably shy of publicity and the headlines this week will likely have confirmed the view that there is little to be gained in that direction. Charlene de Carvalho-Heineken is the second most wealthy woman in the UK, thanks to her stake in beer firm Heineken. male-dominated industries imaginable), Denise never felt that her gender dues. For the sake of some reassurance, they might want to know more about bet365s fortunes and its likely future trajectory. A Short Story of Billionaire CEO Denise Coates - swaay.com In practice, Denise Coates' success is phenomenal to say the least. The clubs chairman is Peter Coates, while his husband, Richard Smith, is a director. First Sackler, now Bet365. The art world can't keep taking money from Though online betting was slowly gaining Denise Coates Net Worth 2023, Foundation, Cars | Glusea.com The gambling chief, 53, is developing a luxurious glass house set in 52 acres of Cheshire parkland. The CEO of a British gambling site has taken home Britain's biggest ever . The paragraph from the annual report stating that a geographical analysis of turnover has not been given, as in the opinion of the directors, such disclosure would be severely prejudicial to the interests of the group, got special attention from the Guardian, for instance. Neighbouring farmer Ed Nield is believed to have been paid more than 1million to scrap plans for canalside marina so she could build her estate. Please enter a valid email address. Ive been bossy all my life. The pair reportedly met at Sheffield University, where Coates gained a first class degree in econometrics. Forbes has her listed as the 52nd richest person in the tech industry, with a net worth of $3.5 billion. In the The council has agreed to close a public road for the duration of construction and villagers are already complaining about the volume of traffic. Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity. Denise Coates Contact - guecaranjaz1980.netlify.app As of 2023, Denise Coates net worth is valued at $10 billion making her one of the richest people in United Kingdom. Home of the Daily and Sunday Express. ). The annual mainstream media feeding frenzy sparked by Bet365's annual results, and its chief executive's pay, betrays some glaring double standards, and almost suggests there is little to be gained from greater transparency, writes Scott Longley. Thank you for your feedback. It all boils down to her dedicated work ethic and forward-looking vision. o Arts and Culture:0(2020: 423,000). Denise wasted no time and launched bet365.com in 2001. Much like She also has a brother named John Coates. But, before we get into Denise, lets take a quick look at her father, Peter Coates, whose life is inextricably connected with hers. asset for the Coates family, and it was sold to Coral Betting in 2015 for 40 Drop us a line and we'll call you right back to discuss your IT needs. DENISE COATES FOUNDATION (08191619) Company status Active Correspondence address Bet365 House, Media Way, Stoke-On-Trent, United Kingdom, ST1 5SZ . Address: Bet365 House Media Way STOKE-ON-TRENT, . They also need to take account of spending commitments that may stretch over a number of future years. Denise Coates was born on September 26, 1967. She bought the domain bet365.com in January 2000 2019. The farmer who turned down Denise Coates' fortune for his land Denise Coates was born on 26th September 1967 in England. In 2021, she took home a whooping 469m illion. She and her husband, Stoke City Football Club director Richard Smith, live in a farmhouse in Sandbach, which is just outside of Stoke. As of December 2019, her net worth was projected to be $12 billion. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Contact Us We would love to hear from you. The 53-year-old founder and chief executive officer of Bet365 Group Ltd. pocketed 468.9 million pounds ($648 million) in pay and dividends, almost 50% . In the year ended March 2020, Denise's salary and dividends accumulated to 469,000,000 pounds. The mother of five children, including four girls adopted from the same family, saw that the future of the industry was online, and mortgaged the betting shops to build the Bet365 website. Denise Coates house: Bet365 boss building 90m mega-mansion as she She started working in bookmaking as a teenager when she worked in shops owned by her father. The two met during her university years, BET365 boss Denise Coates is building a 90m mega-mansion after raking in the UK's biggest every salary of 469million last year. The success donating millions to charitable causes through the Denise Coates Foundation. This includes the local sports team, Stoke City Football Club, which is owned by Bet365. | Thank you for your feedback. Hannah Hiles Life Writer. There were already a few websites for those interested in placing virtual bets, but the entire sector was still in its infancy. from BBC News - Home https://ift.tt/2RewciN. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. She serves as the company's co-CEO (along with her brother, John), and she's also their majority shareholder (50.3%). And for all the medias moral huffiness about a woman a woman! bookmaker has over 6 million customers in more than 200 countries. Charles Barnes in Saint Michaels, MD - Address & Phone Number | Whitepages Express. Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Denise Coates is Britains highest-paid employee. Coates was the son of a miner and grew up in poverty. more. Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. It also did not make use of the furlough scheme. Her father, impressed with her abilities and hard ethic, eventually offered her the opportunity to run Provincial Racing. This! 47+ Hidden Facts of Denise Coates House Alsager! 24 october at 07 She started working in bookmaking as a teenager when she worked in shops owned by her father. The space-age 90million property at the end of a sweeping driveway will boast a vast open-plan living area overlooking a 75,000 square foot artificial lake, complete with boathouse. She is my neighbour so I will get on with her.'. The online gambling company has made the owners extremely wealthy receiving mind-blowing annual pays. Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! The gambling chief, 53, is developing a luxurious glass house set in 52 acres of Cheshire parkland. Plans for the mega-mansion include an artificial lake, sunken tennis courts, stables, ornamental gardens, workers' cottages and a boathouse. Customers could visit the site and gamble on their favourite team or player in everything from snooker to American sports. British business leader Denise Coates is the highest-earning woman in Britain testament to the fact that the odds can sometimes be beaten. herself has paid over 1.3 billion in tax in the last five years, while There have also been grumbles about the source of Coates' vast wealth and the misery of gambling addiction, despite being a local girl made good who has brought jobs to Stoke and gives large donations to charities. Foundation (formerly known as the bet365 Foundation) in August 2012. Kirsten Rausing is the UK's richest woman and has a fortune of 12.1billion. Its not hard to see why her position as co-CEO and majority shareholder can be confusing to some. Bet365 queen's land grab: Betting boss spent 5.5m in four years buying up her neighbours' land to turn 90m space age glass palace into a fortress. The new 52-acre estate, which has been designed by Lord Foster . Denise Coates in Betchton, United Kingdom - Virtual Globetrotting The company is now a global leader employing 5,100 out of headquarters in Stoke-on-Trent and Gibraltar. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. It will include a spectacular family space for Coates, 51, to relax in with husband Richard Smith and their five children, a far cry from the relatively modest barn conversion on her father Peter's estate where they live now. Unable to convince a single one of them, she then turned to the Royal Bank of Scotland, who granted her a loan of around 14 ($17) million with the entire Provincial Racing chain as collateral.