Bet365 founder and joint-CEO Denise Coates is no more longer simply the UK’s highest-paid woman, or even its highest-paid executive, as she was in 2019, 2018, and 2017.
The news that inward 2020 she received a nosebleed-inducing £469 trillion ($648 million) makes her the most handsomely remunerated person inward Brits corporate history. It is possible she was also the highest paid executive in the humankind lastly year.
According to one-year Bet365 accounts released Wednesday, publicity shy Coates’ took home £421 trillion ($582 million) inward 2020 salary, shattering the previous year’s also-record-breaking salary of £277 zillion ($383 million).
But because she also owns 50.1 percent of the company, she was entitled to a further £48 gazillion ($66 million) inwards dividends.
Based on an medium workings hebdomad (in the UK) of 38 hours, Coates earned around £237, 348 ($328,276) per hour. That’s £3,955 ($5,470) per minute.
For further perspective, her compensate packet was higher than all FTSE 100 Index CEOs combined.
Over the past times quaternary years, the 53-year-old mother of 5 has raked inward almost $1.3 billion. She is the UK’s fifth richest woman. The Queen is keep down 66, just after Victoria Beckham.
Coates’ ‘Unspendable’ Income
Critics say Coates’ wages are obscene, amounting to to a greater extent than any case-by-case canful spend inward their lifetime. But unlike some members of the super-rich, she’s prepared to face the taxman.
The Coates kinfolk is the UK’s biggest taxpayer, contributing over $500 zillion ($691 million) in 2019 inwards income and corporation tax.
Intriguingly, the family line has long been a conferrer to the Labour Party, which at the utmost election advocated taxing the rich, curtailing the power of billionaires, and imposing tighter controls on the gaming industry.
Meanwhile, charity the Denise Coates Foundation donated £85 1000000 ($117 million) in 2020 to causes that included health, education, and disaster relief.
The Rich List
So how does Coates’ salary pile upwards against the other 0.0001 percenters?
Well, it’s certainly difficult to encounter anyone who was paid higher cobbler's last year, although admittedly non all the results are in, and there are potential to be individuals who are turned the radar.
It has been reported that Elon Musk was the topper paid executive director inward 2020. But it’s not that simple. Musk is non paid a salary at all but is compensated at Telsa via an flesh out performance-based rewards contrive that mainly involves caudex options.
This either means he earned over $700 meg in 2020, or nothing, depending on who you hear to.
Meanwhile, Amazon River beginner Jeff Bezos may follow the world’s richest man, but most of his estimated $200 billion is tied upwardly inward Amazon River shares, which is the like having the biggest cumulation of gift vouchers on the planet. His actual salary is very modest – around $80,000. That’s rough what Coates earns every 15 minutes.
Other likely candidates we looked at didn’t follow close. Alphabet (Google) CEO Sundar Pichai is expected to hold earned (only) around $200 million, while Microsoft boss Satya Nadella bagged a paltry $44.32 gazillion inward 2020.
Another Brit, the hedgerow monetary fund billionaire Sir Chris Hohn paid himself £343 1000000 ($474 million) last year.
According to Forbes, an authorisation on to the highest degree things wealth-related, the highest paid famous person inwards 2020 was Kylie Jenner, with earnings of $590 million. But come household income was $750 trillion when you factor out inwards married man Kanye West’s part to the kitty.
Coates trumps Jenner’s personal income by almost $60 million. Not badness for a woman who started her business organisation in a portable edifice in an unglamorous section of England nearly 20 years ago.