Denise Coates Net Worth

How much is Dennis Coates net worth?

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net worth:	$7.7 billion
age:	56
Birth:	September 26, 1967
gender:	Woman
Height:	1.67 m (5 ft 6 in)
country of origin:	United Kingdom
Sources of funds:	entrepreneur
Last Updated:	August 6, 2024

Introduction

Denise Coates had no idea that she would become the most famous person in British gambling and run the biggest online gambling website, BET365.

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With his knowledge of gambling gained from his father Peter Coates and working in his betting shops, he purchased a gambling website from eBay.

Her gamble was successful and she is now the richest woman in the United Kingdom, and her annual salary is higher than most other wealthy individuals.

Dennis Coates’ net worth is estimated at $7.7 billion.

quick Facts

Denise Coates is the founder and joint chief executive of Bet365, which she launched in 2001
In 2020, Coates became the highest paid CEO in the UK
Denis Coates Foundation donates £1 million in 2022 to help families in Ukraine
He worked as a cashier and then an accountant before starting BET365 in 2001
Coates was made a Commander of the Order of the British Empire (CBE) in 2012.

early life

Dennis Coates was born on September 26, 1967 in United Kingdom, his father was the chairman of Stoke City Football Club.

Although little is known about Coates’ childhood, Peter Coates’ business success as a caterer and football club owner showed he lacked nothing.

When his schooling was about to end, he decided to enroll at the University of Sheffield, where he earned a first class degree in econometrics.

Livelihood

While Coates was still at school she helped her father with his bookmaking business, and worked in the cashier department of Provincial Racing.

Her family-owned bookmaking firm needed the services of an accountant, so as the eldest daughter she took over the bookkeeping.

As accountant for Provincial Racing she gained an in-depth knowledge of business operations and in 1995 became managing director.

Bet365 Launches

In 1999, Coates purchased an online betting domain name, Bet365.com, and began work on creating an online gambling portal.

The company launched an online betting platform in 2001, and borrowed $22.5 million (£15 million) from RBS against its betting shops.

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Four years later, in 2005, the shops were sold to Coral for $69.2 million (£40 million), allowing Coates to pay off the debt.

Relocating the company abroad

In 2015, Bet365 moved its headquarters from Stoke in the UK to Gibraltar due to favourable regulations such as a low corporate tax rate.

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

Maintaining control in the family

Denise Coates runs the company alongside her brother John Coates, who serves as co-CEO, owns 51% of the shares and controls Stoke City Football Club.

Coates’ 50% stake in Bet365, along with his other investments and real estate assets, puts his personal wealth at approximately $7.7 billion.

Coates receives the majority of her income as a salary rather than dividends, which has attracted considerable press attention and criticism.

Though Coates’ wealth continues to grow, he still has a long way to go to compete with CEOs like Carl Icahn, who heads Icahn Enterprises.

Career Income

Dennis Coates’ annual income is notable because his huge salary exceeds that of most high-net-worth individuals around the world. A quick look at his annual financial statements filed at Companies House in the U.K. shows that he is consistently ranked among the highest-paid executives worldwide.

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

total assets annual

Dennis Coates’ net worth has grown significantly over the years, reflecting his ability to take advantage of opportunities.

As the majority shareholder, his growing annual net worth reflects his continued success and single-minded approach to leading his family business.

Dennis Coates annual net worth details are 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

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

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Coates and Smith’s family includes their own biological children, as well as four adopted children from the same family.

She owns one of the most expensive cars in the world and often drives an Aston Martin with a personalised number plate bearing her initials.

Awards and achievements

Here are some notable events in Denis Coates’ career:

In January 2012, Dennis Coates was appointed a Commander of the Order of the British Empire (CBE) for his contribution to the community and business.
He received an honorary doctorate from Staffordshire University in 2012
Woman’s Hour on BBC Radio 4 named her one of the 100 most powerful women in the UK in 2013.
In 2019, he was inducted into the Sports Betting Hall of Fame for his leadership in the gambling industry
The Coates were listed in The Sunday Times Rich List in 2023 as the 16th richest family, ahead of JK Rowling and Jeffrey Archer

How does Denise Coates spend her money?

Denise Coates has been actively involved in supporting responsible gambling, and has donated millions to various charities over the years.

Their fundraising efforts have led to significant changes in areas such as healthcare, education, and disaster relief, especially in Ukraine.

He owns some of the most expensive homes in the world, including his luxurious home in the UK which is worth over $120 million.

Highlights

Here are some of the best highlights from Denis Coates’ career:

In 2017, Coates became the highest paid CEO in the UK with a majority stake in BET365
It took 17 years from 2001 to 2018 to go from a portacabin in a Stoke car park to the world’s most profitable online gambling platform
Coates purchased the Bet365 domain on eBay in 1999 for $25,000
In 2021, between Bet365’s gambling activities and Stoke City FC revenue, the company had a turnover of $4.2 billion
He overtook Richard Branson in the list of Britain’s richest people in 2017, proving his ability to compete with the world’s best business leaders

She will not take a pay cut because her family puts all their capital at stake and works every day of the year to make it a success.

Coates is believed to be the highest-paid woman in the world, with her 2020 salary estimated at $400 million, more than the combined salaries of all FTSE 100 Index 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 commitment.

He established BET365 as a reputable and trustworthy gambling operation, avoiding being involved in any questionable deals or scams.

Her ability to spot an opportunity and then execute her plan to perfection, even while risking everything, has made her Britain’s richest CEO.