Coates pays herself £270m for year despite Bet365 swinging into loss

BET365 boss Denise Coates paid herself another £270.7 million in the year to March 2023, despite the gambling firm swinging to a loss as it spent big entering new markets across the Atlantic.

- Daniel O'Boyle

The bumper pay packet made up of a £220.7 million salary and at least £50 million in dividends made Coates, right, one of the world’s highest-paid executives, and works out to about £8.50 a second. Her earnings are more than 10 times that of any FTSE 100 boss, and top the $253 million (£199 million) made by Blackstone’s Stephen Schwarzman, the top-paid boss on Wall Street.

Nine-figure salaries have been the norm for Coates who has made more than £1.5 billion since 2016. She has also been among the UK’s top taxpayers over that period. While other bosses accumulate more wealth in a year as the value of the shares they hold grow, few are directly paid over £100 million.