Denise Coates, the multibillionaire boss of gambling company Bet365 has collected annual pay and dividends of more than £263m.
She was paid a salary of £213m in the year to March 2022. As the company’s controlling shareholder she is also entitled to at least 50% of the £100m in dividends paid for the year. It works out at just a little bit over £1m for every working day of the year. It takes the total paid to Coates since 2016 to almost £1.5bn.
Luke Hildyard, the director of the High Pay Centre said, “A payment this size is obviously vastly more than necessary to encourage or reward success. Even the best business leaders depend on things beyond their control like an educated workforce, affluent customers and a stable economy. There really is no moral or economic justification for such extreme payouts and the inequality and division that they create.”
Coates, her father and her brother, hold a combined fortune of £8.6bn according to the Sunday Times Rich List.
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