Denise Coates
Gambling & Casinos

Denise Coates Net Worth

Denise Coates, born on September 26, 1967 in Stoke-on-Trent, United Kingdom, is the Founder and Joint CEO of Bet365, one of the world's largest online gambling companies. She started out working for her father in his betting shops and later took over some of those shops, selling them to large bookmaker Coral. She then bought the domain Bet365.com in 2000 and launched the website in 2001, and now owns around half of the company.
Denise Coates is a member of Gambling & Casinos

Age, Biography and Wiki

Who is it? Founder and Joint CEO, Bet365
Birth Day September 26, 1967
Birth Place Stoke-on-Trent, United Kingdom, United Kingdom
Age 56 YEARS OLD
Birth Sign Libra
Residence Sandbach, Cheshire, England
Alma mater University of Sheffield
Occupation Businesswoman
Known for Founder and CEO, Bet365
Spouse(s) Richard Smith
Children 5, including 4 adopted
Parent(s) Peter Coates
Relatives John Coates (brother)

💰 Net worth: $6.8 Billion (2024)

Denise Coates, the renowned Founder and Joint CEO of Bet365, is set to soar to even greater heights in 2024 with an astounding estimated net worth of $6.8 billion. Hailing from the United Kingdom, Coates has garnered immense success through her visionary leadership in the online gambling industry. Bet365, the world's largest online gambling company, owes its prosperity to Coates' unwavering dedication and strategic acumen. Her extraordinary entrepreneurial prowess has paved the way for her remarkable rise, solidifying her position as one of the wealthiest individuals globally. With her remarkable achievements, Denise Coates continues to inspire aspiring entrepreneurs around the world.

2014 $1.6 Billion
2015 $2.9 Billion
2016 $3.8 Billion
2017 $3.6 Billion
2018 $5.06 Billion

Biography/Timeline

1995

While at school, Coates started work in the cashiers' department within the family bookmaking firm, Provincial Racing, where she would mark up bets. After leaving university she trained as an accountant within the family Business, before being given the opportunity to take over the small chain of shops. Having turned around the shops' fortunes, Coates obtained a loan from Barclays to acquire a neighbouring chain. In 1995, she became managing Director of the betting shop estate.

2000

In January 2000, Coates purchased the domain name Bet365.com. While working in a temporary building on a car park near one of her shops, she spent a year creating a new online betting site. Bet365.com was launched in 2001. 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 also paid off the loan to RBS.

2012

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.

2013

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

2014

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

2016

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

2017

In 2017, Coates was criticised for paying herself £217m, 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."

2018

Denise Coates is the majority shareholder with 50.01% of Bet365. Her personal fortune is estimated at $5.1 billion, as of February 2018.

Some Denise Coates images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.