Denise Coates Children

In 2018, Coates was paid a £323 million, which included a 50 per cent share of a £92.5m company dividend. 3 Coates is the highest paid chief executive of any UK company. Denise Coates is the eldest daughter of Peter Coates, chairman of Stoke City F.C. And a director of Bet365. Against the odds: Denise Coates's good fortune. How did Denise Coates turn a £15m loan into a billion pound fortune? Margareta Pagano reports on the woman from Stoke behind the world’s biggest. 45, Denise Coates was born the eldest daughter of Peter Coates, chairman of Stoke City F.C. Usually, this comes with much turmoil, especially when children get involved with the day-to-day operations of the business; it is family, after all. She drives an Aston Martin with personalised number plates bearing her initials. Was a bookmaker, and his daughter Denise headed up their online expansion. While the origins of the site are vague, the story is far more remarkable starting at the beginning with Peter Coates’ birth. Peter Coates Bio. Peter Coates was born into poverty in 1938 in Stoke-on-Trent (England, UK) as the youngest of 14 children. His father was a.

Bet365

In January 2000, Coates purchased the domain name Bet365.com.^[8] Bet365.com was launched in 2001 as an online betting site. The business borrowed £15million from RBS against the family's betting shop estate. In 2005, these shops were sold to Coral for £40million, which allowed Coates to pay off the loan to RBS.

As of 2016, Bet365 is one of the world's largest online gambling companies, with $2billion in revenues and facilitating $45billion in yearly bets. The company also owns a majority stake in Stoke City Football Club. In 2015, Bet365 moved its headquarters from Stoke to Gibraltar because of its favourable regulations. Coates still runs the company alongside her brother, and co-CEO, John Coates.^[9]

Coates is the majority shareholder with 50.01% of Bet365. Her personal fortune is estimated at $12billion, as of December 2019.^[1]

In 2017, Coates was criticised for paying herself £217 million, with Mike Dixon, CEO of Addaction, saying 'It cannot be right that the CEO of a betting company is paid 22 times more than the whole industry ‘donates’ to treatment.'^[10] In 2018, it was announced that her salary had increased to £265 million, around 9,500 times more than the average UK salary, with Luke Hildyard of the High Pay Centre commenting, 'Obviously, people who build successful companies need to be rewarded for their hard work, but this is an obscene amount of money for someone who is already a billionaire. It's weird to think that someone so rich would want to get their hands on even more, rather than put it to a more useful purpose.'^[11]

Denise Coates is a British billionaire businesswoman, the founder and joint chief executive of online gambling company Bet365. In October 2019, Forbes magazine estimated her net worth at $12.2 billion.
Bet365.com was launched in 2001. Bet365 has grown into one of the world’s largest online gambling companies, with $2 billion in revenues and facilitating $45 billion in bets in the year through March 2016. The company also owns a majority stake in Stoke City Football Club. In 2015, Bet365 moved its headquarters to Gibraltar because of its favourable regulations. Denise Coates still runs the company alongside her brother “John Coates”.

According to the news, Denise Coates was paid £323m last year, setting a new record for a chief executive of a UK company.

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She earned a first-class degree in econometrics from the University of Sheffield.

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She is married to Richard Smith, a director at Stoke City F.C and they have five children.

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