Former Sheffield student and Bet365 boss Denise Coates earned UK’s biggest ever salary at £469 million last year

The boss of gambling firm Bet365 has reportedly earned a pay packet worth £469 million in a single year.

Thursday, 1st April 2021, 7:10 am

The former Sheffield University student Denise Coates, 53, is said to have earned a £421 million salary in a 12-month period, along with £48 million in dividends – thought to be one of the biggest packages in UK corporate history.

She founded the online gambling company in the early 2000s in Stoke-on-Trent after spotting the potential of internet betting to revolutionise the industry.

The company told the BBC the arrangements were “appropriate and fair”.

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bet365 Chief Executive Denise Coates poses with her Commander of the British Empire (CBE) medal (Photo by Sean Dempsey - WPA Pool/Getty Images)

The salary is a significant hike on the basic wage of almost £277 million that she took home in the year ending March 2019, when she was comfortably the highest-paid boss in the country.

Ms Coates, Bet365’s joint chief executive, was the country’s largest taxpayer for the second year running, according to the last annual Sunday Times Tax List.