Bet365 Owners are On The Sunday Times 2016 RichList

According to online betting news, you don’t have to be curious about Bet365 owners financial background anymore. The private holders of the major betting operator, the Coates family have recently been ranked the 24th place in the Sunday Times 2016 Richlist. If you really want to know, they estimated fortune is roughly £3.8 billion. 

The Sunday Times detailed further the gained profit of the family members; Denise the CEO, his brother John the Co-CEO and their father Peter the chairman, acquired £1.4 billion throughout last year. That makes the Coates family members positioned between the top 25 richest individuals in Britain.

The success story of bet365 owners is not lacking woman power, as it was Denise Coates who made the company from a regional bookmaker to the UK’s leading online betting business. Therefore, we cannot argue with her ‘nickname’ as she is Britain’s richest self-made women indeed. Moreover, the prospering company has also been rated as the highest ranking digital business according to Time’s.

Currently, the value of bet365 is placed between £3.5 – £4 billion, and the betting firm reported £400 million in profits in 2015. Not surprisingly, the wonder-women Denise Coates is the main shareholder of the company controlling the vast majority, 93% of the holdings.

Bet365 Owners and the Competitors

Many other competitors from the gambling industry were mentioned on the  Sunday Times 2016 RichList including Mark Sheinberg who formerly owned PokerStars. He was ranked on the 38th place with his total income of £2.9 billion.

Teddy Sagi, the founder of PLaytech was also included in the Sunday Times 2016 RichList. His position is a bit behind compared to others, but he still appears to be one of the 50 richest people in Britain. With the position of 44 place, his wealth is roughly estimated to £2.5 billion.

Last but not least Betfred’s owners are also wealthy enough to be listed on the Sunday Times 2016 RichList. The UK-based bookmaker co-founded by two brothers, Peter and Fred are among the top 100 ranked position. Provided their 82th position by their £1.3 billion income they also can’t complain.