Bet365 Founder takes top spot on Sunday Times Tax List

By Gambling Insider

Billionaire Bet365 Founder Denise Coates and her family have topped the Sunday Times Tax List for the third year running.

The 54-year-old British businesswoman, alongside her father and brother, Peter and John Coates, have, once again, come first in the newspaper’s ranking of the UK’s top 10 highest tax-paying individuals.

Altogether, they contributed more than £480m ($642m) to public finances in 2021, a year that, according to the Sunday Times, saw a surge in the number of £100m-plus taxpayers.

The Coates’ tax bill includes Bet365’s corporation tax, employer’s national insurance contributions and gambling duties, as well as personal tax paid by Denise on her income. In 2020, she reportedly received a £421.2m salary.

Under her leadership, Bet365 enhanced its online presence and reputation to become one of the UK’s most trusted sports betting sites.

Combined, the Coates’ wealth amounts to £8.4bn, putting them 17th on the Sunday Times Rich List and making them the second wealthiest family on its Tax List, behind retail tycoons the Wetsons, who own Fortnum & Masons and recently sold Selfridges for £4bn.

Joining the Coates were gambling alumni, Betfred’s Done brothers. Fred and Peter Done co-own the British betting giant and, in 2021, edged out Apprentice star and property mogul Lord Alan Sugar for fifth place.

The billionaire siblings and industry veterans contributed nearly £170m to public finances, from a combined wealth of over £1.2bn.

All-in-all, last year’s top 10 taxpayers generated more than £2bn for the public purse, which will probably come as welcome news for Britain’s Covid-embattled Chancellor of the Exchequer, Rishi Sunak.

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