Despite a 45% pay cut, Denise Coates, joint CEO of Bet365, earned £158.7 million in 2024, outpacing most global CEOs.
UA BBC report said the K’s highest-paid woman took a 45% pay cut blast year ut still earned more than most global CEOs,. Denise Coates, joint CEOof gambling firm Bet365, has retained her status as billionaire and Uthe K’s highest-paid woman despite the pay cut
In 2024, Coates earned £158.7 million in salary and dividends for the year, according to company filings. While her pay declined compared to previous years, her earnings remain far ahead of most CEO’s like Apple’s Tim Cook, who earned £49.7 million in 2023—less than a third of Coates’ total earnings.
Her pay includes a £94.7 million salary and £64 million in dividends derived from her 58% stake in Bet365. Her brother and co-CEO, John Coates, is the other shareholder in the £110 million dividend.
Who is Denise Coates?
According to the Sunday Times Rich List, the Coates family’s wealth, primarily from Bet365, is valued at nearly £8 billion.
In 2000, Denise decided to mortgage her father’s betting shop chain to launch the online gambling platform alongside her brother. This bold move has, over the years, catapulted her to being called one of the UK’s “most successful women.” Coates is among the best-paid executives in the world and holds a first-class degree in econometrics. She trained as an accountant in her family firm before taking over the family business.
