News
Bet365 CEO Denise Coates Bags Record Sh 42.4 Billion Paycheck, Dividends
Denise Coates, U.K.’s highest-paid CEO and multi-billionaire founder of global gambling site Bet365, paid herself a record-breaking Sh42.4 billion ($422 million) paycheck this year, that was about KSh 36 billion (£323 million) paycheck, an additional KSh 10.3 (£92.5 million) in dividends from her 50 pc stake in the British online bookmaker
Coates who is believed to be Bet365′s highest-paid director, paid herself nearly £277 million for the year ended March 2019 according to company books.
Altogether this worked out at a Sh36 billion (£323 million) paycheck for the gambling boss, equating to Sh145 million (£1.3 million) per working day of the year.
In October 2019, Forbes magazine estimated Forbes estimated Coates’ net worth to be at Sh 1.2 trillion ($12.2 billion), 244th on its Billionaires 2019 list.
Bet365 saw net profits increase by 18% in the year to the end of March 2019.
Bet365 also own English football club, Stoke City, where Coates father Peter Coates is the chairman, She founded founded the betting firm with her brother John Coates in 2000. She has a first-class degree in econometrics, the application of statistical methods to economics, from the University of Sheffield.
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