Denise Coates is the chief executive officer of Bet365 Group Ltd.
Denise Coates has hit the jackpot yet again.
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% more than a year earlier, according to a filing from the online bookmaker.
Her salary of 421.2 million pounds from the closely held British firm makes her one of the world s best-paid bosses. It also strengthens her status as the UK s richest woman, adding to a fortune already among the world s 500 largest, according to the Bloomberg Billionaires Index. Coates has earned more than $1.5 billion over the past decade, according to data compiled by Bloomberg.
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Ms Coates has earned more than $1.5 billion over the past decade.
Founded about 20 years ago, Bet365’s business has benefited from the growing popularity of online sports betting.
The company, based in Stoke-on-Trent in England, company posted revenue of £2.8bn for the financial year that ended on March 29, 2020, an 8 per cent drop from a year earlier as the Covid-19 pandemic curbed sports.
Operating profit fell by more than half to £194.7m, partly due to Ms Coates’s salary increasing from £276.6m.
After graduating from Sheffield University with a degree in econometrics, she trained to become an accountant and took over a small chain of betting shops her father owned.
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