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Denise Coates Net Worth (Updated 2024)

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Denise Coates is a young and successful businesswoman. She is an entrepreneur by profession. Coates was born on September 26, 1967, in the UK. She is 56 years old now. Her height is 5 Feet 6 inches. When Denise Coates was young she never thought of entering the gambling world. But now she owns the biggest gambling website known as BET365. Denise Coates’ father was a very good gambler and she learned this skill from her father. His name is Peter Coates. When her father used to place bets and earn by gambling she decided to run a gambling website and then she bought a gambling website from an app called eBay. 

Denise Coates used all her money and life savings on this gambling website. and she won this bet as now she is considered as country’s biggest gambling site owner in the UK and her annual income is more than most of the rich people of the United Kingdom. In 2023, she owns a total net worth of $7.7 Billion. 

What is Denise Coates’ net worth?

Net Worth $7.7 Billion.
Age56 Years
Born September 26, 1967
ProfessionBusinesswomen
CountryUnited States of America
Salary (Annual)$316.7 Million
Last Updated2023

Early Life

Denise Coates was born in the United Kingdom on 26 November 1967. Her father was the CEO of the Football Club called Stoke City. 

There is not much information about how her childhood was, but as her father was the chairman at that time we can say she got everything she wanted. After completing her school she got admission to Sheffield where she graduated as a topper and got a degree of 

Career

In 2001 she bought a gambling website from eBay and now it is the biggest gambling site. She is not only the owner of this website but also she is co-chief executive of Bet365. Denise Coates became the highest-paid CEO of United Kindgome in 2020. To support the Ukraine people she established an NGO which donated £1 Million. 

Denise Coates used to work at the Provincial racing department to assist and learn the business of her father which was a gambling club. She also worked as an accountant at a Bookmking company which belonged to her family. Also as Coates was the eldest daughter she took all the responsibility of the book-making company including bookkeeping and book printing.

After working for a long time as an accountant at a gambling club she became aware of all porn and corns of the business. Denise learnt how this business gains profit, and which things should be avoided to avoid the chances of loss. In 1995 after this much hard work, she became the company’s Managing director. She Increased profit from Bet365 after adding advanced features like horse Racing, Bingo, Poker, and other sports. 

Coates made a profit in the business because of the Virtual Assets Hub in the UK, Leading International Blockchain, and also because of the UK-influenced regulatory environment after moving to Gibraltar. Denise Coates runs this business with her brother John Coates. John is the owner of 51% shares of the company and also the co-CEO of the company. He also works there and takes all important decisions of the Football Club of Stroke City. 

Breakthrough 

In 2001 when she had not bought the website yet, she used to work day and night at different places to support her family. She worked as a cashier to bear her expenses. She also worked as an Accountant before starting this new business of gambling. The betting company of Coates’ father in 2001 launched online betting services for customers living abroad or far away despite being in the same country. To introduce online betting they had to take a loan of amount £15 Million to win against other online already available betting shops and websites.

Then they worked hard on this online betting website and in 2005, after five years of launching this website, coated father was able to repay the loan after Carol bought all the shops. Bet365 moved its headquarters because of low tax rates. They were moved from UK Stoke Headquarters to Gibraltar. 

John Coates also has shares in real estate and he has also invested in other businesses. He owns a total net worth of $7.7 Billion.

Denise Coates used to take more salary and profit as compared to her brother from the company. Because of this she always used to be in the newspaper highlights. A lot of people criticize her as she is taking the money of her brother. She is working hard to grow her business as CEO of Icahn Enterprises whose name is Carl Icahn and is her biggest competitor now. 

Personal Life

Denise Coates fell in love and decided to marry Richard Smith and this beautiful couple decided to live in Cheshire, Betchton, Near Sandbach. They have 5 children together. They have one Biological child of their own and other 4 children are adopted which not many people know about. Perks of Living a Luxurious and rich life is she owns the most expensive car called an Aston Martin. This car is personalized by Denise Coates as the initial alphabetic of her name is her car’s number plate too. 

Career Highlights 

  • In 2001 she bought a gambling website from eBay and now it is the biggest gambling site. 
  • She worked as a cashier to bear her expenses. 
  • She also worked as an Accountant before starting this new business of gambling. 
  •  The betting company of Coates’ father in 2001 launched online betting services for customers living abroad or far away despite being in the same country.
  •  To introduce online betting they had to take a loan of amount £15 Million to win against other online already available betting shops and websites.
  • They worked hard on this online betting website and in 2005, after five years of launching this website, coated father was able to repay the loan after Carol bought all the shops.
  •  Bet365 moved its headquarters because of low tax rates. They were moved from UK Stoke Headquarters to Gibraltar. 
  • Coates made a profit in the business because of the Virtual Assets Hub in the UK, Leading International Blockchain, and also because of the UK-influenced regulatory environment after moving to Gibraltar.
  •  Denise Coates runs this business with her brother John Coates. John is the owner of 51% shares of the company and also the co-CEO of the company.

Denise Coates’s Net worth

Denise Coates’s Annual Salary is $316.7 Million. Her total net worth till 2023 is $7.7 Billion. Her main source of income is a betting club which she inherited from her father which is Bet365. She has also invested in many side businesses. 

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