Denise Coates

Founder of UK gambling giant Bet365, Denise Coates, won her own jackpot with a staggering salary of £421 million (approximately €489 million) in 2020, as well as £48 million (approximately €55 million) in dividends, taking her total income in the past year to over half a billion.

According to the BBC, it is one of the biggest pay packets in UK corporate history, surpassing the Prime Minister’s income by 5,000 times.

In its annual report, the company said “The group ensures that remuneration for all employees is appropriate and fair, and is reflective of the individual’s input and contribution to the business as well as the overall performance of the group.”

Coates, one of Britain’s wealthiest women and a prominent philanthropist, founded the Bet365 website 20 years ago out of her father’s bookmaking business in Stoke-on-Trent. She now owns about half of the global betting company.

Her salary reportedly increased by more than 50 per cent over the previous year in 2019, despite an 8 per cent decline in profits for the company caused by the cancellation of sports events due to the COVID-19 pandemic.

Related

Marcel Cassar / APS

Current banking infrastructure in Malta does not serve consumers well, says APS Bank CEO

25 July 2024
by Fabrizio Tabone

Marcel Cassar believes there is room for consolidation in the local banking industry, and this is one solution to improve ...

‘I can’t imagine in 20 years knowing I could’ve done it but didn’t’: Neil Agius to retry world-record swim

25 July 2024
by Fabrizio Tabone

His earlier attempt at breaking the world record last September had to come to an abrupt end after he encountered ...

Expected duration of working life in Malta is 38.4 years, above EU average

25 July 2024
by Fabrizio Tabone

At 41.6 years, Malta has one of the longest working life durations for men in the EU.

Cruise industry outlook is positive, driven by healthy booking trends, says Valletta Cruise Port CEO

25 July 2024
by Fabrizio Tabone

Earlier this week, NSO data revealed that Malta had 273,900 total cruise passengers in Q2 2024, 21.6% more than the ...

Close Bitnami banner
Bitnami