2024-01-09 18:56:32
The richest woman in Britain, Denise Coates, is the CEO and founder of the famous betting company Bet365.
Coates launched its website at the turn of the millennium, and since then it has attracted more than 90 million customers from all over the world. The company is still headquartered in the small town where Coutts was born, but it generated revenues of £3.39 billion ($4.3 billion) in 2023.
According to her latest accounts, which were seen by “Fortune” magazine, Coates received a huge salary for her work in 2023. Documents published on the “Companies House” website say that the company’s highest-paid director received an amount of 220.6 million pounds sterling ($ 280 million). ), according to what Al Arabiya Business reviewed.
A representative of the company confirmed to Bloomberg that Coates was the highest paid manager in the company.
She received this salary, even though the company’s main sports and gaming division suffered a loss of more than 60 million pounds ($76 million) last year, but despite the losses, Coats’ bonus for 2023 represents an increase from what she received. In 2022, the amount is $271.7 million.
But the good times for Coates don’t stop there.
In the year ending March 2023, the company paid exactly £100 million ($127.4 million) in dividends.
As the company’s majority shareholder – with a 58.3% stake – she received an additional payment of £50 million ($63.7 million), bringing her total compensation package to around $344 million.
According to the Bloomberg Billionaires Index, Coates has received nearly £1.5bn in salaries and profits over the past decade.
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