Bet365 boss Denise Coates, Britain’s ‘best paid woman’, will take home more than £260 million in pay and dividends by March 2022, according to company accounts.

Accounts published yesterday showed the betting firm’s highest-paid director – believed to be Coates – received remuneration of £213m for the year, but less than the £250m he was paid the previous year.

As the company’s majority shareholder, Coates, 55, is entitled to at least half of the £100m dividend for the year.

Coates featured in this year’s Sunday Times rich list as ‘thought to earn a higher salary than anyone else in the UK’ – his family fortunes placing him in the top 20.

Her latest earnings mean she is still considered Britain’s ‘best paid woman’, a fall of around £37million from a year ago.

Bet365 boss Denis Coates was paid more than £260 million in wages and dividends up to March 2022, according to company accounts.

Bet365 boss Dennis Coates, 53, has increased his salary by 45 per cent, taking his total earnings since 2016 to £1.3bn.  Pictured, Mrs Coates was awarded a CBE in 2012

Ms Coates, one of Britain’s wealthiest women, founded the online gambling company in Stoke-on-Trent in the early 2000s after she discovered internet betting’s potential to revolutionize the industry. Pictured, Mrs Coates was awarded a CBE in 2012

Last year, Coates took a £170m pay cut in company accounts, accounts show – but still earned almost £300m last year.

The betting chief’s pay has fallen from £421m to £250m in the financial year to March 28, 2021, as the pandemic halted growth at the gambling giant, but he will also lose more than 50 per cent of the company’s £97.5million dividend found. ,

He is believed to have received over £1 billion in salary and dividends from Bet365 within the past three years.

In the latest financial year, the accounts show that Bet365’s profits have dropped.

It made a profit before tax of £49.8m for the year (after a loss of £26.2m from its ownership of Stoke City Football Club), significantly less than the £469m profit reported in the previous year.

Coates, an alumnus of the University of Sheffield who graduated with a first-class degree, built the company from his father Peter’s Stoke-on-Trent bookmaking business into one of the largest gambling firms.

After buying the domain name bet365 on eBay in 2001 for around £2,000, he began operating a dot.com betting business from a portable cabin in Stoke.

quotes Completed the move from the Portakabin office, borrowing £15m from the Royal Bank of Scotland to take over the assets of his family’s betting shops.

He is now a majority shareholder in Bet365, a global company that has reported launches in Buenos Aires, Argentina, the Netherlands, and Colorado and Ontario in North America.

Along with her father, Peter, and brother, John, the family is one of the UK’s richest, with a combined fortune of £8.6 billion as of May 2022, according to the Sunday Times Rich List.

The betting firm’s headquarters in Stoke employs thousands, boosting the company’s workforce to around 6,100, up from 5,400 a year earlier.

Mrs Coates and her husband Richard Smith remain highly private and refuse to discuss their personal lives, or backgrounds.

The pair established a charitable foundation in 2012, which funds a variety of worthy causes at home and abroad.

It provides aid for less affluent students, supports hospices for cancer victims and helps victims of natural disasters.

He has a child of his own and has adopted four girls from the same family.

Denis (left) along with his father, Peter (right), and brother, John (left), are among the UK's richest people with a combined fortune of £8.6bn in May 2022, according to the Sunday Times Rich List .  ,

Denis (left) along with his father, Peter (right), and brother, John (left), are among Britain’s richest people with a combined fortune of £8.6 billion in May 2022, according to the Sunday Times Rich List .

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Image: April 2021, the well was well underway and could be seen to be in progress

Farmer Edward Kolkoff says he'll never sell his farm, which has always been in his family

Farmer Edward Kolkoff says he’ll never sell his farm, which has always been in his family

Edward Colclough rebuffs Denis Coates' attempts to usurp his estate in Cheshire as it reverts to his planned vast estate.

Edward Colclough rebuffs Denis Coates’ attempts to usurp his estate in Cheshire as it reverts to his planned vast estate.

An artist's impression of what Mrs Coates' palatial home will look like once completed

An artist’s impression of what Mrs Coates’ palatial home will look like once completed

Last year, a farmer revealed how he turned down a ‘silly money’ deal by Coates to buy his land for his space-age mansion.

Edward Colclough rebuffs attempts by the bookmaker queen to strip him of his property in Cheshire as it reverts to his planned vast estate.

But although he said he would not sell, he wished him well as his neighbor and said he wanted to move in with him.

Private Dennis was buying up neighbours’ houses and land to extend his space-age home, nicknamed ‘Tesco Extra’ by locals.

Mr. Kolkoff declined to be asked if he had been made a formal offer.

Last year he told MailOnline: ‘This farm has been in my family for years. We are not for sale.

Bet365 has been contacted for comment.

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