Denise Coates has hit the jackpot yet again.
Ms Coates, 53, the founder and chief executive officer of Bet365 Group, has taken £468.9 million ($648m) in pay and dividends, almost 50 per cent more than a year earlier, a filing from the online bookmaker showed.
Her salary of £421.2m from the closely held British company makes her one of the world’s best-paid bosses.
It also strengthens her status as the UK’s richest woman, adding to a fortune already among the world’s 500 largest, the Bloomberg Billionaires Index shows.
Ms Coates has earned more than $1.5 billion over the past decade.
Founded about 20 years ago, Bet365’s business has benefited from the growing popularity of online sports betting.
The company, based in Stoke-on-Trent in England, company posted revenue of £2.8bn for the financial year that ended on March 29, 2020, an 8 per cent drop from a year earlier as the Covid-19 pandemic curbed sports.
Operating profit fell by more than half to £194.7m, partly due to Ms Coates’s salary increasing from £276.6m.
After graduating from Sheffield University with a degree in econometrics, she trained to become an accountant and took over a small chain of betting shops her father owned.
Ms Coates became managing director of the business at age 22 and expanded the number of shops before deciding to shift the business online.
She and her family also own Stoke City Football Club.
Ms Coates is the only woman among 17 UK billionaires on Bloomberg’s wealth index, which includes Virgin Group founder Richard Branson and Joe Lewis, owner of Tottenham Hotspur Football Club.
She donated £10m towards the UK’s effort to fight Covid-19 last year, while Bet365 contributed £85m to her foundation in its latest accounts.
The Denise Coates Foundation had net assets of £337.8m at the end of March 2019, its latest filing shows.
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
'Gehraiyaan'
Director:Shakun Batra
Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa
Rating: 4/5
RACE SCHEDULE
All times UAE ( 4 GMT)
Friday, September 29
First practice: 7am - 8.30am
Second practice: 11am - 12.30pm
Saturday, September 30
Qualifying: 1pm - 2pm
Sunday, October 1
Race: 11am - 1pm
Glossary of a stock market revolution
Reddit
A discussion website
Redditor
The users of Reddit
Robinhood
A smartphone app for buying and selling shares
Short seller
Selling a stock today in the belief its price will fall in the future
Short squeeze
Traders forced to buy a stock they are shorting
Naked short
An illegal practice
BUNDESLIGA FIXTURES
Saturday
Borussia Dortmund v Eintracht Frankfurt (5.30pm kick-off UAE)
Bayer Leverkusen v Schalke (5.30pm)
Wolfsburg v Cologne (5.30pm)
Mainz v Arminia Bielefeld (5.30pm)
Augsburg v Hoffenheim (5.30pm)
RB Leipzig v Bayern Munich (8.30pm)
Borussia Monchengladbach v Freiburg (10.30pm)
Sunday
VfB Stuttgart v Werder Bremen (5.30pm)
Union Berlin v Hertha Berlin (8pm)
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More from Rashmee Roshan Lall
Cultural fiesta
What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421, Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.
