Who says gambling doesn't pay?

okidoki987

https://www.dailymail.co.uk/news/article-9423467/Britains-best-paid-woman-Bet365-founder-Denise-Coates-gets-45-pay-rise-earning-469-MILLION.html

Boss of Bet365 earned £469 million (€550 million) last year :eek:.
That's £1.3 million a day or £54,000 an hour!
Unfortunately they closed my account so I contributed nothing to her package.
Wonder does she notice? :rolleyes:

Hulk Hands

It's such a non-story. She should actually be applauded. It's her company that she built from the ground up. She own's 50% of it and runs all of it.

Instead of taking her money in dividends, or in other more dodgy tax efficient ways like 99% of other billionaires, she decides to take part of her yearly company's earnings out in wages and pays significant PAYE on it.

Her company is worth about £25bn and earns about 4bn a year, and she takes a portion out every year for herself and pays the tax. If only all other billionaires were like her tbh

Atlantic Dawn

If it was a male who got this the media would send him to the gallows.

Smee_Again

Hulk Hands wrote: »

It's such a non-story. She should actually be applauded. It's her company that she built from the ground up. She own's 50% of it and runs all of it.

Instead of taking her money in dividends, or in other more dodgy tax efficient ways like 99% of other billionaires, she decides to take part of her yearly company's earnings out in wages and pays significant PAYE on it.

Her company is worth about £25bn and earns about 4bn a year, and she takes a portion out every year for herself and pays the tax. If only all other billionaires were like her tbh

According to the article between the company and her own tax bill, Bet365 paid £835M in tax in 2019/20, no doubt she could have avoided a whole chunk of that by moving to Gibraltar or elsewhere.

manutd2007

Hulk Hands wrote: »

It's such a non-story. She should actually be applauded. It's her company that she built from the ground up. She own's 50% of it and runs all of it.

Instead of taking her money in dividends, or in other more dodgy tax efficient ways like 99% of other billionaires, she decides to take part of her yearly company's earnings out in wages and pays significant PAYE on it.

Her company is worth about £25bn and earns about 4bn a year, and she takes a portion out every year for herself and pays the tax. If only all other billionaires were like her tbh

she didn't build it from the ground up, her father was a multi-millionaire

tdf7187

Hulk Hands wrote: »

It's such a non-story. She should actually be applauded. It's her company that she built from the ground up. She own's 50% of it and runs all of it.

Instead of taking her money in dividends, or in other more dodgy tax efficient ways like 99% of other billionaires, she decides to take part of her yearly company's earnings out in wages and pays significant PAYE on it.

Her company is worth about £25bn and earns about 4bn a year, and she takes a portion out every year for herself and pays the tax. If only all other billionaires were like her tbh

She has created nothing of value and, arguably, caused net societal harm. British and Irish successive governments have failed to properly regulate the sector over decades. The fact that what economists call 'supernormal' profits are being made from misery shows this.

okidoki987

manutd2007 wrote: »

she didn't build it from the ground up, her father was a multi-millionaire

Not sure the fact the Dad was a multi millionaire has anything to do with her yearly salary?

Hulk Hands

She had to leverage the full family business to obtain a £15m loan, which she grew from a portacabin in a carpark into a £20bn company with little to no outside investment. I'd call that from the ground up myself, considering it was a few smokey betting offices prior and online betting didn't exist.

Maybe her father was technically a multi millionaire, I don't know. She had to leverage his (at that stage hers) business to get a startup loan though so I'd guess possibly not