Richard Smith Denise Coates
- Rick Smith is Former Chairman/CEO at Equifax Inc. See Rick Smith's compensation, career history, education, & memberships.
- Denise Coates CBE (born 26 September 1967) is a British billionaire businesswoman, the founder and joint chief executive of online gambling company Bet365. Early life; Business career; Bet365; Denise Coates Foundation; Personal life; Honours and awards; References; In October 2019, Forbes magazine estimated her net worth at $12.2 billion. 2 In 2018, Coates was paid a £323 million.
- We have found 80 people in the UK with the name Denise Coates. Click here to find personal data about Denise Coates including phone numbers, addresses, directorships, electoral roll information, related property prices and other useful information.
Richard Coates Tallahassee
Bet365
More than half of the Bet365 goldmine is owned by Ms Coates, who with her husband, Richard Smith – also a Stoke director – recently adopted four young children from the same family. Denise Coates, the co-founder of Bet365 who paid herself a salary of £265 million last year, has snapped up 12 separate plots of land since 2014. Her fellow executives at the bookmaker include her husband, childhood sweetheart Richard Smith, who serves as group property director, as well her father Peter and her brother John.
In January 2000, Coates purchased the domain name Bet365.com.[8] Bet365.com was launched in 2001 as an online betting site. The business borrowed £15million from RBS against the family's betting shop estate. In 2005, these shops were sold to Coral for £40million, which allowed Coates to pay off the loan to RBS.
As of 2016, Bet365 is one of the world's largest online gambling companies, with $2billion in revenues and facilitating $45billion in yearly bets. The company also owns a majority stake in Stoke City Football Club. In 2015, Bet365 moved its headquarters from Stoke to Gibraltar because of its favourable regulations. Coates still runs the company alongside her brother, and co-CEO, John Coates.[9]
Coates is the majority shareholder with 50.01% of Bet365. Her personal fortune is estimated at $12billion, as of December 2019.[1]
Denise Coates House
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.'[10] 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.'[11]