Home NET WORTH Denise Coates Net Worth 2022

Denise Coates Net Worth 2022

by Don Mark
Denise Coates net worth

Denise Coates net worth 2022: Denise Coates CBE is a British billionaire businesswoman, the founder, majority shareholder, and joint chief executive of online gambling company Bet365. He is one of the wealthiest women in Britain, according to the Sunday Times Rich list

Denise Coates net worth and Biography

Net worth$10 billion
Date of birth26 September 1967
OccupationBusinessman
NationalityBritish

As of 2022, Denise Coates net worth is valued at $10 billion making her one of the richest people in United Kingdom. Denise is the founder, majority shareholder and joint chief executive of the online gambling company Bet365.

Biography

Denise Coates was born the eldest daughter of Peter Coates, chairman of Stoke City F.C. and a director of Bet365. She earned a first class degree in econometrics from the University of Sheffield.

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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. 

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By 2016, Bet365 had become 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.

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Coates is married to Richard Smith, and they live in Betchton near Sandbach, Cheshire. She drives an Aston Martin with personalised number plates bearing her initials

Denise Coates Foundation

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 donated £100 million to twenty UK charities as of 2014.

Charities which have received funds include Oxfam, CAFOD, the Douglas Macmillan Hospice for cancer sufferers in Stoke, and relief programmes for victims caught in the aftermath of Typhoon Haiyan in the Philippines. University scholarships and theatre donations have also been offered.

In April 2020, Coates donated £10 million through her foundation to University Hospitals of North Midlands to support staff fighting coronavirus.

Denise Coates net worth

As of 2022, Denise Coates net worth is valued at $10 billion. Coates is the majority shareholder with 50.01% of Bet365. She was inducted to the Sports Betting Hall of Fame run by Sports Betting Community (SBC) for her leadership in the gambling industry.

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