Denise Coates, the boss of bookmaker Bet365, earned an astonishing £265million in the last year
Britain's best paid boss is celebrating a £265million pay day, making her one of the highest paid executives in the world.
Denise Coates, the billionaire boss of Bet365, was paid £220million in 2018 - as well as netting half of a £90million dividend pot after her betting firm reported another year of bumper profits.
The payout beats the £220million she raked in last year, when she was already the UK's highest paid director.
Her fellow executives at the bookmaker include her husband, Richard Smith, who serves as group property director, as well her father Peter and her brother John.
She and her husband met at Sheffield University, where she earned a first class degree in econometrics in the 1980s.
Returning to Stoke to work for her father's company as an accountant, she saw the potential in internet gambling and convinced her family to mortgage all their betting shops to build an online business.
She then bought the Bet365 domain name for around £20,000 and has never looked back.
Ms Coates is pictured with her CBE medal in 2012. He has been praised for investing in Stoke
She and her husband adopted four girls from the same family a few years ago and they also have a child of their own, but she had been described as 'reclusive' after keeping her home life well away from the limelight.
The couple live with their children in a large farmhouse near Stoke-on-Trent, bought for £1.3million in the spring of 2013.
The pay award means Coates earned more than the world's three highest-earning popstars -Katy Perry, Taylor Swift and Beyonce - combined.
She also earns around 1,000 times the Prime Minister Theresa May's estimated £150,000 a year salary.
Ms Coates, pictured with her father Peter, who is also a director of her betting company
Coates' pay is meanwhile around 9,500 times more than the average UK salary and more than double that paid to the entire Stoke City football team, which Bet365 owns.
The pay award has been criticised by campaigners, with the High Pay Centre, centre tweeting: 'Billionaire Bet 365 CEO paid herself £736,000 a day, as gambling addiction in the UK rockets. The number of children with gambling problems quadrupled in the past two years.'
The group's director Luke Hildyard told The Guardian: 'Why does someone who is already a billionaire need to take such an obscene amount of money out of their company? It is difficult to find a reason beyond pure greed.'
But other commentators have praised Ms Coates for keeping most of the jobs created by the firm in Stoke-on-Trent, where the local economy has suffered due to the decline of the ceramics, mining and steel industries.
She was awarded a CBE in 2012 for services to the community and business.
A regular on rich lists, Ms Coates founded Bet365 in a car park in 2000 and has since grown it into a betting titan.
Results earlier this month show privately-held Bet365 took an overall revenue of £2.72billion in the 12 months ending March 2018
Alongside her brother and father John and Peter, who are also directors at Bet365, the family boasts an estimated fortune of £5.8billion, ranking them 21st on the Sunday Times rich list.
Ms Coates, John, Peter and finance director Will Roseff shared a total of £321.6 million last year, the Bet365 figures show.
Total director and manager salaries ballooned from £321.9 million to £448.6 million.
Bet365 posted a 28% rise in pre-tax profit to £660.6 million in the year to March on turnover of £2.9 billion.
The firm also owns Stoke City and the accounts, filed at Companies House, show that the football club, relegated from the Premier League in May, suffered a £21 million loss last year.
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Denise Coates, the boss of bookmaker Bet365, earned an astonishing £265million in the last year
Britain’s best paid boss is celebrating a £265million pay day, making her one of the highest paid executives in the world.
Denise Coates, the billionaire boss of Bet365, was paid £220mi...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves Online news HienaLouca
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