Denise Coates - Net Worth, Age, Height, Birthday, Bio, Wiki!

Explore Denise Coates net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Denise Coates? Who is Denise Coates dating now & how much money does Denise Coates have?

Denise Coates Biography

Denise Coates is one of the most popular and richest Businesswoman who was born on September 26, 1967 in Stoke-on-Trent, England, United Kingdom.

While at school, Coates started work in the cashiers’ department of Provincial Racing, a bookmaking firm owned by her family. After leaving university, she continued to work at Provincial Racing, as an accountant. Following this, Coates became managing director over the small chain of shops in 1995. That same year, Coates obtained a loan from Barclays to acquire a neighbouring chain.

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

Denise Coates CBE (born 26 September 1967) is a British billionaire businesswoman, the founder and joint chief executive of online gambling company Bet365.

Denise Coates Net Worth

Net Worth: Denise Coates’s net worth stands at an impressive 7.8 billion USD as of 2020. Her wealth comes significantly from being the founder, majority shareholder, and joint chief executive of online gambling company Bet365. Recent financial reports demonstrate her vast property holdings, sizable cash deposits, and significant investments in stocks and shares. Among her assets is a majority stake in Stoke City Football Club. When compared to industry standards, Coates sets a high bar as she has been the highest paid CEO in the UK for several years and one of the wealthiest women in Britain.

Career and Financial Growth: Coates’s career in the online gambling industry has played a pivotal role in her financial growth. She launched Bet365.com in 2001 and it has grown into one of the world’s largest online gambling companies, which contributed significantly to her wealth. Furthermore, her strategic business decisions, such as selling the family’s betting shop estate to Coral for £40 million, facilitated her wealth accumulation. The sale enabled her to pay off the £15 million loan from RBS that was used to launch Bet365.

Source of net worth: Denise Coates’s main source of income and therefore net worth is Bet365, the online gambling company she started. Her significant achievements and contributions to the gambling industry through Bet365 have enabled her to amass a considerable fortune. While it is not reported that she has any endorsements or sponsorships, her strong business acumen and leadership skills have played a huge part in accumulating her fortune.

Personal Projects and Ventures: Besides her primary profession, Denise Coates is also involved in philanthropy. She established the Bet365 Foundation in 2012, which was later renamed the Denise Coates Foundation. The foundation is a registered charity under English law and has donated substantial sums to various UK charities.

Philanthropy: Coates’s philanthropic efforts are largely channeled through the Denise Coates Foundation. The foundation has donated to a wide range of causes, including Oxfam, CAFOD, Douglas Macmillan Hospice for cancer sufferers in Stoke, and relief programmes for victims of Typhoon Haiyan in the Philippines. Additionally, it has provided scholarships and theatre donations.

Recent Developments: One of Coates’s recent significant donations was in April 2020, when she donated £10 million through her foundation to support staff fighting coronavirus at the University Hospitals of North Midlands. While the impacts of the current economic trends on her future net worth are unclear, her diverse portfolio and continued success with Bet365 are likely to help shield her fortune from possible fluctuations.

In 2013, Coates was named as one of the 100 most powerful women in the UK by Woman’s Hour on BBC Radio 4.

They have five children, including four that in March 2014 were reported as being “recently adopted from the same family”.

Ethnicity, religion & political views

Many peoples want to know what is Denise Coates ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Denise Coates's ethnicity is Not Known. We will update Denise Coates's religion & political views in this article. Please check the article again after few days.

Coates set up the Bet365 Foundation in August 2012, and in February 2016 it was renamed to Denise Coates Foundation. It is a registered charity under English law and it has donated £100 million to twenty UK charities to help support projects home and abroad.

Who is Denise Coates Dating?

According to our records, Denise Coates married to Richard Smith. As of January 13, 2024, Denise Coates’s is not dating anyone.

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

Height, Weight & Body Measurements

Denise Coates height Not available right now. Denise weight Not Known & body measurements will update soon.

In January 2012, Coates was appointed a Commander of the Order of the British Empire (CBE) for services to the community and business. In 2012, she received an honorary doctorate from Staffordshire University.

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.” 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.”

Facts & Trivia

Denise Ranked on the list of most popular Businesswoman. Also ranked in the elit list of famous people born in United Kingdom. Denise Coates celebrates birthday on September 26 of every year.

In 2019, Coates was inducted to the Sports Betting Hall of Fame run by Sports Betting Community (SBC) for her leadership in the gambling industry.

How much is the Coates family worth?

Peter, Denise and John Coates, the family behind Etruria-based bet365 and who own Stoke City Football Club, are named 17th in this weekend’s Sunday Times Rich List, the same position as in 2021. Their net worth is put at £8.637bn, which is up £189m in 12 months.

How much is Bet365 worth?

Although Covid-19 initially decimated the sporting calendar, her Stoke-on-Trent-based gambling titan managed to grow revenues after lockdown restrictions eased. With turnover flat across the year at £2.8 billion we continue to value Bet365 at £7.1 billion.

How did Denise Coates start Bet365?

Bet365 was created 21 years ago. Ms Coates and her brother John took over a betting shop business run by their father, spotting that online gambling could revolutionise the industry. She now owns about half of the company.

Who is Denise Coates husband?

Richard Smith

Who is the wealthiest person in UK?

Sri and Gopi Hinduja were named the UK’s richest people, with an estimated £28.5bn fortune, the largest recorded in the 34 years of the rich list.

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