Denise Coates Has an Estimated Net Worth of $10.5 Billion USD In 2019

If you believe that women cannot do anything, then after reading this article, your belief will change. We are going to talk about the English billionaire businesswoman, Denise Coates who successfully collected a net worth of $10.5 Billion USD. How she went to gain all of this? Well, she is famous as the founder and chief executive of a British online gambling company titled Bet365.

The 52 years old, Denise has also donated a large amount of money to various institutions. Apart from her professional life, she is a married woman. If you are interested to find out who her husband is, then read the article until the end. Stay tuned.

Early Life of Denise Coates

Every person grows up with a dream of being a famous and successful personality. So is Denise Coates who raised under her supportive parents. She was born as the eldest daughter in her family. Her father, Peter Coates is also a businessman and also serves as the chairman of the Stoke City Football Club.

Denise’s grandfather, Leonard was a miner who was honored with a Military Medal. So far, she has not revealed her mother. She attended the University of Sheffield and passed with a first-class degree in econometrics.

Career Highlights

With a dream of starting her own business, Denise Coates first worked in the cashiers’ department while at school. He shortly handled the family business that provided her the information about the chain of shops. After some time, she purchased the domain of Bet365.

After launching the betting site Bet365 in 2001, Coates borrowed  £15 million from RBS. The website made a revenue of $2 Billion with a $45 million facility of betting in the year 2016. Denise holds a majority of shares with over 50.1% of the website. She runs the firm with the co-CEO of the company and her brother, John. Later, the firm was named as Denise Coates Foundation.

Husband, Richard Smith

The 52 years old, Denise Coates is a married woman. She tied the knot with her boyfriend turned spouse, Richard Smith. So far, the duo has not revealed any information about their wedding place and date.

After some time from their marriage, the couple welcomed a baby child in their house. Besides that, the couple has also adopted four other children in March 2014. The happy couple is spending their married life with their kids in a farmhouse resides in Betchton.

Though Coates keeps her family profile a low-key, she is not recognized of having any rumors about her separation or divorce with her husband. Besides, she is free of controversies as well.

Net Worth – $10.5 Billion USD

The business tycoon, Denise Coates is a billionaire who collected all of her fortunes from her gambling site, Bet365. In the year 2005, Denise sold betting shop estate for £40 million to Carol and paid £15 million to the RBS to clear her loan.

Her firm, Bet365 came up with a revenue of $2 Billion that grabs the space of $45 Billion in bets in 2016. As per the reports of 2018, she has a fortune of $5.1 Billion in her firm. She has an estimated net worth of $10.5 Billion USD as of 2019.

Salary

Denise received a huge salary of £265 million as the CEO of the Bet365 online firm. It was 9,500 times more than the average salary of UK employees.

Charity

The businesswoman, Denise has donated an impressive amount to various projects. Mentioning them, she donated £100 million to the 20 UK charities in order to support their projects of helping people in different sectors. She also helped the victims of Typhoon Haiyan in the Philippines.