Bet365 founder, Denise Coates, has broken the record in UK corporate history for the highest paid executive.
Denise paid herself
£323 million ($422 million) in 2019, that's almost double the amount from 2018.
Bet365 is one of the biggest private gambling companies in the world, handling more than $65 billion in bets a year. Bet365 was founded by Coates and her brother, John, in a portable building in Stoke-on-Trent, England almost 20 years ago.
Bet365 Group Ltd (trading as "bet365") is a British online gambling company based in the United Kingdom. Bet365 has more than 35 million customers globally. The Group employs around 4300 people. Bet365 is an online gambling company offering sports betting and casino type games. Bet365 also offers an on-course bookmaking service.
How did it all start?Denise developed a sports betting platform and trading team to launch the business online in March 2001. The business borrowed £15 million from RBS against the family's betting shop estate which had been started by Peter Coates in 1974 and had been run by Denise Coates as managing director from 1995.
Bet365 sold its betting shop chain in 2005 for £40 million to Coral and paid off its loan to RBS.[9] Bet365 has grown into one of the world's largest online gambling companies with its reported figures to March 2018 showing amounts wagered on sports at £52.56 billion, revenues of £2.86 billion and an operating profit of £660.3 million.
According to Forbes, Coates has an estimated worth of $12 billion, making the 52-year-old mother of five the UK’s fourth-richest woman.