Denise Coates Net Worth

What is Dennis Coates’ Net Worth?

net worth:	$7.7 billion
age:	56
date of birth:	September 26, 1967
gender:	female
high:	1.67 m (5 ft 6 in)
country of origin:	U.K.
Source of wealth:	entrepreneur
Last updated:	August 6, 2024

introduce

Denise Coates had no idea she would become the best-known figure in the British gambling world, running the largest online gambling site, BET365.

With the gambling knowledge passed down to her by her father, Peter Coates, and her experience working in his betting shop, she purchased a gambling website on eBay.

Her gamble paid off and she is now the richest woman in Britain, with an annual salary that exceeds that of most other wealthy people.

Dennis Coates’ net worth is estimated to be $7.7 billion.

Quick Facts

Denise Coates is founder and co-CEO of Bet365, which she founded in 2001.
Coates is the UK’s highest paid CEO in 2020
Denis Coates Foundation donates £1 million to support Ukrainian families in 2022
Before founding BET365 in 2001, she worked as a cashier and later as an accountant.
Coates was awarded the Commander of the Order of the British Empire (CBE) in 2012.

early life

Dennis Coates was born on September 26, 1967 in England. His father is the chairman of Stoke City Football Club.

While little is known about Coates’ childhood, Peter Coates’ business success as a caterer and football club owner suggests she lacked for nothing.

Towards the end of her studies she decided to attend the University of Sheffield where she graduated with a first class degree in econometrics.

Profession

While Coates was still in school, she assisted her father in the bookmaking business, working in the cashier department at a provincial racetrack.

As the eldest daughter, she took over the bookkeeping duties because the bookmaking company her family ran needed the services of an accountant.

As accountant for Provincial Racing, she gained an in-depth understanding of how the company worked and in 1995 became managing director.

The Beginning of Bet365

In 1999, Coates purchased the online gambling domain Bet365.com and set out to create an online gambling portal.

The company launched its online betting platform in 2001 and borrowed $22.5m (£15m) from the Royal Bank of Scotland, using its betting shops as collateral.

Four years later, in 2005, the stores were sold to Coral for $69.2m (£40m), enabling Coates to repay the loan.

Relocating your company overseas

In 2015, Bet365 moved its headquarters from Stoke, UK to Gibraltar due to favorable regulations such as low corporate tax rates.

Establishing an online presence in Gibraltar also allows Coates to benefit from a UK-influenced regulatory environment and a leading international blockchain and virtual asset hub.

Maintaining Family Control

Denise Coates runs the company with her brother John Coates, who serves as joint chief executive, holding a 51% stake and controlling Stoke City Football Club.

Coates owns 50% of Bet365, which, combined with her other investments and real estate holdings, brings her personal wealth to about $7.7 billion.

Because most of Coates’s income comes in the form of salary rather than dividends, she has received a great deal of attention and criticism from the media.

While Coates’ wealth continues to grow, she still has a long way to go in competing with CEOs like Carl Icahn, head of Icahn Enterprises.

Career income

Denise Coates’ annual earnings are quite astonishing as her massive salary exceeds that of most high net worth individuals around the world. A quick look at her annual financial statements filed with the UK Companies Registry shows that she is consistently one of the highest paid executives in the world.

Here is an estimated overview of Dennis Coates’ career earnings:

2014 – $79 million
2015 – $57 million
2016 – $55.9 million
2017 — $300 million
2018: $353.7 million
2019: $412.5 million
2020 – $603 million
2021 – $361.8 million
2022 – $263.9 million
2023 – $316.7 million

Net assets per year

Denise Coates’ net worth has grown significantly over the years, a testament to her ability to seize opportunities.

As the majority shareholder, her growing net worth each year reflects her continued success and dedication to leading the family business.

Denise Coates’ annual net worth breakdown is as follows:

2014 – $3.1 billion
2015 – $3.6 billion
2016 – $3.8 billion
2017 — $4 billion
2018 — $4.2 billion
2019 — $4.5 billion
2020 — $4.6 billion
2021 — $5 billion
2022 — $5.2 billion
2023 — $7.7 billion

personal life

Dennis Coates is married to Richard Smith and the couple live with their five children in Bechton, near Sandbach, Cheshire.

Coates and Smith’s family consists of their own biological children and four adopted children from the same family.

She owns one of the most expensive cars in the world, often driving an Aston Martin with a personalised license plate bearing her initials.

Awards and Achievements

Here are some notable events in Dennis Coates’ career:

In January 2012, Denis Coates was awarded the Commander of the Order of the British Empire (CBE) for his services to the community and business.
She received an honorary doctorate from Staffordshire University in 2012
BBC Radio 4’s Woman’s Hour named her one of the 100 most influential women in Britain in 2013
In 2019, she was inducted into the Sports Betting Hall of Fame for her leadership in the betting industry
The Coates family ranked 16th on the 2023 Sunday Times Rich List, ahead of JK Rowling and Geoffrey Archer

How does Dennis Coates spend his money?

Dennis Coates has been a vocal supporter of responsible gambling and has donated millions of dollars to various charities over the years.

Her fundraising efforts have made significant contributions to areas such as healthcare, education and disaster relief, particularly in Ukraine.

She owns the most expensive homes in the world, including a mansion in the UK worth more than $120 million.

emphasize

Here are some highlights from Dennis Coates’ career:

In 2017, Coates became the highest paid CEO in the UK and owns a majority stake in BET365
It took 17 years, from 2001 to 2018, to grow from a Portakabin in a Stoke car park to the world’s most profitable online gambling platform
In 1999, Coates bought the Bet365 domain name on eBay for $25,000
In 2021, Bet365’s betting activities and Stoke City Football Club’s revenue combined, the company’s turnover was $4.2 billion
In 2017, she surpassed Richard Branson to become the UK’s richest person, proving she can compete with the world’s best business leaders

She won’t take a pay cut because her family puts all their money into it and works hard year-round to make sure the business is a success.

Coates is widely considered the highest-paid woman in the world, with a 2020 pay package of $400 million, which is higher than the combined pay of all FTSE 100 CEOs.

Summary

Coates’ career progression from cashier and accountant to managing director and CEO is a remarkable financial success story filled with hard work and dedication.

She established BET365 as a reputable and trustworthy bookmaker that avoided being involved in any shady dealings or scandals.

Her ability to spot an opportunity and then risk everything to execute her plan flawlessly has made her the richest CEO in the UK.