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Bet365 Founder Denise Coates Tops UK Taxpayer List with £482M Paid to Exchequer

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Denise Coates, billionaire and founder of bet365, topped the British taxpayer list for the third year in a row after paying an estimated £481.7 million in 2020-21.

Founder of bet365 in 2000, Coates ranks as the 17th richest person in the country and paid herself £421m last year in her role as chief executive of the online gambling business.

Despite paying approximately £91m less in tax than in 2020, the Coates family topped the list with a figure almost £200m more than second-placed hedge fund manager Chris Rokos, who paid £300 million to the exchequer.

Only one name from the top ten on The Sunday Times Rich List – the tenth-placed Weston family with a fortune of £11bn – figured among the top ten taxpayers.

Coates, 54, who has an estimated total fortune of £8.4 billion, has earned approximately £1.6 billion since 2016, collecting a pay check more than 9500 times the average UK annual salary of £25,971.

She owns just over half the shares in bet365, with a combined stake of 91% when including her brother John, who serves as co-chief executive, and husband Richard Smith.

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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