Britain’s highest-paid woman earned more than $300 million last year, outpacing all Big Tech CEOs.
From a former mining center in the industrial north of England, Stoke-on-Trent has become the home of a billionaire. The person in power here is Ms. Denise Coates, CEO and founder of leading private betting business Bet365. She is also the richest woman in England at the present time.
Denise Coates launched her online betting website in early 2000 and has since attracted more than 90 million customers from around the world. The business is still based in the small city where Coates was born and took in Β£3.39 billion ($4.3 billion) in 2023.
According to Fortune, Coates received a huge income in 2023. Documents published on Companies House show that this female director received an amount of up to 220.6 million pounds ($280 million) and less at least 60 million USD in dividends within 1 year until March 2023.
A representative for the business confirmed to Bloomberg that Coates is the company’s highest-paid director. Despite Bet365’s loss of more than Β£60 million ($76 million) for the year, Coates’ 2023 profits are up from what she was paid in 2022, to $271.7 million.
As the company’s major shareholder with a 58.3% stake, the CEO will receive an additional salary of about 50 million pounds ($63.7 million), increasing the businesswoman’s total compensation package. to 270 million pounds ($344 million).
According to Bloomberg’s Billionaires Index, Coates has received about 1.5 billion pounds (nearly $2 billion) in salary and dividends over the past decade.
Forbes ranks her as the 352nd richest person in the world with a fortune of nearly 7 billion USD by 2023. Photo: FortuneAs a result, many experts reveal that Coates, certainly over the past few years, is earning more than the Prime Minister of England and some CEOs of big tech companies.
For comparison, Fortune said British Prime Minister Rishi Sunak receives a salary of about 198,661 pounds ($252,700) a year, while Google CEO Sundar Pichai’s most recent compensation package is $226 million.
Likewise, Meta CEO Mark Zuckerberg is famously paid just $1 per year, and Meta’s proxy statement for 2023 also reveals the founder and CEO do not participate in the company’s rewards program.
However, Zuckerberg’s compensation for 2022 has reached more than $27 million thanks to the CEO’s security program.
Meanwhile, at Microsoft, Chairman and CEO Satya Nadella received nearly 55 million USD in 2022. This number increased from about 49 million USD the previous year thanks to increased stock awards.
However, Bloomberg predicts Coates’ wealth will drop 40% to about $4 billion due to Bet365’s losses, so Coates’ ability to earn more money than his Silicon Valley rivals may not last long.
