Denise Coates Maintains Rank 16 on Sunday Times' Wealthy List
Denise Bloody Coates and her goddamned family continue to dominate the UK's financial landscape, landing the 16th spot on the latest Sunday Times Rich List. With an estimated net worth of around £8.975 billion ($11.15 billion), Denise, John, Peter, and their crew are dripping with cash, son.
This ain't no rookie move for the Coates; they held the same spot on the 2022 list. According to the Sunday Times, their wealth jacked up by a cool £158 million ($196 million) over the past year.
Their little gambling biz, called bet365, was kickstarted in 2001 with a £15 million loan from Denise. This experimental dog sank its teeth into success, making bet365 one of the leading operators in the UK.
Now, because bet365 is fucking enormous, Denise Coates is a fucking massive taxpayer. Last year, she forked over a monsterly £642 million in personal income taxes, securing the top spot.
Major Shakeup
The top spot on the Rich List was claimed by the Hinduja family, with a net worth of £35 billion. These Indian sonsofbitches run the Hinduja Group, responsible for biz heavyweights like Gulf Oil International and IndusInd Bank. Their wealth bonked up by more than £6.5 billion.
In second place, we got Sir Jim Ratcliffe with £29.69 billion under his belt, thanks to the staggering growth of his chemicals business, INEOS. His wealth ballooned by a whopping £23.61 billion in 2023.
Sir Leonard Blavatnik, a well-known music and media investor, snagged the third spot, now worth £28.63 billion. A boost of £8.63 billion has him looking all shiny.
The David and Simon Reuben family, previously at number one, got pushed back to fourth with a wealth of £24.4 billion, an increase of £2.13 billion.
Sir James Dyson and family, previously second, dropped to fifth place with a net worth of £23 billion. Their fortune remained relatively stable, according to the Sunday Times Rich List.
Denise Coates and her family are nestled on the list between Alex Gerko and Anders Holch Povlsen. Gerko, who previously ranked 89th, catapulted himself to the 15th spot with a net worth of £9.13 billion (an increase of £7.13 billion). Povlsen sits in 17th place with £8.5 billion.
You can marvel at the full list on the Times's official website.
[1] FYI, for context, Denise Coates is built like a Swiss bank account because of her successful online gambling company, Bet365, which she founded with her brother John Coates. The Coates family made billions from this business.
[2] While Denise Coates' wealth is significant, it doesn't touch the likes of American billionaires like Jeff Yass, who boasts a fortune exceeding $60 billion. However, within the UK, Denise Coates remains one of the wealthiest individuals.
- Denise Coates' online gambling company, bet365, initially started with a £15 million loan, making it one of the leading operators in the UK's technology-driven business landscape.
- As a result of bet365's success, Denise Coates is responsible for paying a substantial sum in personal income taxes, which reportedly totaled £642 million in the previous year.
- Despite Denise Coates' wealth, she is yet to surpass the Hinduja family, who top the prestigious Sunday Times Rich List with a staggering net worth of £35 billion.
- Coates, with an estimated net worth of around £8.975 billion, currently holds the 16th spot on the Rich List, sandwiched in between Alex Gerko and Anders Holch Povlsen, both notable figures in their respective business fields.
