How does Floyd Mayweather respond to rumors that his cash flow might not be as solid as once thought? He goes on a spending spree and splashes out over $5 million on flash jewelry in a single session, that’s how.
As Americans have been splashing out big style over the course of Black Friday in the lead up to Christmas, Floyd Mayweather continues to make the news with his lavish purchases.
Floyd Mayweather Still Ballin’
There is a reason why Floyd is called ‘Money’. He has raked in over $250 million this year alone and is not afraid of spending it on ‘ice’ or other outrageous gifts for himself. As Americans search for the biggest and best deals on items over the Black Friday period, Mayweather doesn’t give a damn about scrimping and saving.
Floyd Mayweather apparently splashed out $5.3 million in a single shopping spree in Los Angeles boutiques on Friday. As the masses searched for the best deals on the latest iPhone X and other goods, Mayweather bought three diamond-encrusted watches and a host of other exotic jewelry pieces.
He is said to have purchased a 30-carat pear-shaped VVS ring for a gargantuan $2.3 million. But he didn’t stop there. The next jaw-dropping purchase was a $2.5 million diamond bracelet. He finished off the spending sprees by buying a 2 lbs. Cuban gold necklace and three watches for a combined total of half a million.
Mayweather Not Going Broke
We reported just a couple of weeks ago that his former friend, rapper 50-Cent, made backhanded remarks in regards to the financial situation of Floyd Mayweather and his ongoing tax issues. However, as stock and cryptocurrency prices continue to plummet, buying expensive jewelry is a good asset to have in safe keeps.
Rumors were rife that Mayweather was struggling with his cash flow when he announced a strange boxing exhibition with Japanese kickboxer Tensin Nasukawa that is penned in to take place in Japan on New Year’s Eve.
Even though Floyd Mayweather is the highest paid athlete in 2018 with total earnings of $285 million so far this year, that cash was mainly from his 2017 encounter with UFC fighter Conor McGregor.
It is interesting that Forbes listed that Floyd Mayweather has made only $10 million this year in endorsements. That seems like a big figure to some, but not to those who spend $5 million on a single shopping session. It will be interesting to see if Floyd can maintain that type of spending when he does retire.
You would expect something big and grand for the Woodstock 50th Anniversary, right? It is being rumored that Eminem will headline Woodstock 2019 along with the Foo Fighters and Pearl Jam to celebrate 50 years of the historic music festival.
Plans for the 50th Woodstock Festival have apparently been leaked online, making lots of noise across the internet as music fans lick their lips in anticipation of confirmation.
Will Eminem Play at Woodstock 50th Anniversary?
From Jimi Hendrix and the Rolling Stones, to Ozzie Osborne and Snoop Dogg, Woodstock has staged some of the biggest names in music history and has been the world’s leading music festival from the time of the hippies to the modern times of electronic dance music.
The music world went into a frenzy over the weekend as supposed news leaked in regards to the Woodstock 50th Anniversary line-up for 2019. Some of the names apparently being approached to headline the event include Eminem, the Foo Fighters, Pearl Jam, and Coldplay.
Other names mentioned on the leaked flyer include newer artists such as Chance The Rapper, Demi Lovato, Kesha, Ariana Grande, Pink, and Lorde. Other famous names that are a who’s who of former music great to play at the festival include Elton John, Neil Young, Bon Jovi, Joan Baez, and The Doobie Brothers.
Plans Confirmed for Special Woodstock 50th Anniversary
The original founder of the Woodstock Festival, Michael Lang, has come out to confirm that plans are definitely in the works for a Woodstock 50th Anniversary special and that he is excited about the ordeal. There are even rumors that the original location of the first ever Woodstock in 1968, Bethel Woods, NY, is seriously being considered.
It will be interesting to see how the event planners will combine some of the older and famous musical artists from the 1960s and 70s with EDM favorites of today who are also rumored to be playing at the event such as Daft Punk, Skrillex, Steve Aoki, Swedish House Mafia, and The Chainsmokers.
Whether the rumors about Eminem headlining the Woodstock 50th Anniversary are true or not, it seems something special is being planned for the event so there is plenty to look forward to in the summer of 2019.
In truth, eSports cities are just as likely to combine internet of things (IoT), artificial intelligence, and blockchain technology as it progresses, but the first entire eSports town has already opened in Hangzhou, China.
After a $280 million investment by the Hangzhou government the eSports town, operated by the government and covering over three million square feet has now open to the public.
It’s the largest project of its kind in China to date but Hangzhou has also promised a further $1.26 billion to 14 further eSports projects including an eSports training academy and a hospital focusing on eSports players.
The town will be home to Allied Esports and LGD Gaming and the League of Legends Pro League (LPL) in China. The two firms agreed a partnership earlier this year to build their specialist venue and the LGD Gaming management team will be moving to the eSports town. LGD’s eSports team has already won over $10 million in prizes and are rated 4th in the world globally.
Allied eSports also has venues in Tianjin, Shenzhen, and Beijing, as well as the HyperX Esports Arena Las Vegas.
The Hangzhou government expects the new high-tech town to attract more than 10,000 eSports professionals and players as well as $140 million in estimated tax revenues.
Hangzhou will also play host to the 2022 Asian Games, likely to include eSports as a medal event alongside traditional sports for the first time.
eSports at the Olympics
The International Olympic Committee approved eSports as a real sport in November 2017, and it emerged in April 2018 that the Paris 2024 Olympics’ organizers were discussing the inclusion of eSports as a demonstration event for 2024.
The biggest concern over the inclusion of eSports in such as massive event as the Olympics is the potential promotion of violence. Most of the popular eSports titles do involve in-character fighting, killing, and aggression.
Paris too hopes to become an eSports hub for Europe. International Esports Federation acting secretary general Leopold Chung speaking in April also said:
“There are great engagement numbers, great fan numbers who live in France and especially in Paris, who would definitely want to come to an esports game.”
Largest Arena in North America
This weekend also sees the opening of the eSports Stadium Arlington, Texas, U.S, now the largest eSports facility in North America. The 100,000 square foot stadium is owned by the city of Arlington and cost $10 million to build at the Arlington Convention Center.
The site will be managed by NGAGE eSports, part of Infinite Esports & Entertainment. NGAGE founder Jonathon Oudthone said:
“Maybe we’ll take over the old [Texas] Rangers stadium one day.”
The stadium will see 30-50 eSports events per year with the eSports team from the University of Texas at Arlington, one of the top U.S college teams having its own room in the arena. The facility will also be open to the public daily for gamers to play on dedicated computers in the lobby.
California is also home to a number of key eSports destinations including in Los Angeles, there is a dedicated eSports arena planned for Orange County, and the state is home to Riot Games and Blizzard. The University of Southern California last week announced the launch of the USC Esports Union.
Elsewhere around the globe Seoul, South Korea, is home to a dedicated eSports stadium at iPark Mall and Sangam Stadium hosted the League of Legends World Championships. The latter event in 2014 saw 45,000 attendees.
Cologne in Germany hosts many tournaments and is one of the biggest sites for League of Legends events. Stockholm, Sweden, also hosts many events including the world’s largest LAN occasion, Dreamhack.
The global market for blockchain technology is predicted to reach $2.3 billion by 2021. For IoT the predicted value by 2021 is $1.1 trillion. For artificial intelligence, the market value could reach $3.3 billion by 2021.
The predicted value of the eSports industry, is an estimated $1.65 billion for 2021 with an estimated audience of 427 million consumers by 2019. eSports is already here, and although it will incorporate today’s emerging technologies, gaming technology is ready. With a focus on the consumer market, eSports towns and even cities for fans and players are already appearing.
Elon Musk recently said that if he is able to, he wants to move to the planet Mars.
The iconoclastic billionaire seems to be well aware of the risks involved in what could be the biggest move ever undertaken in human history. Elon likened the big move to the Antarctic expectation that was led by Ernest Shackleton.
He was quoted as saying, “Your probability of dying on Mars is much higher than earth. Really the ad for going to Mars would be like Shackleton’s ad for going to the Antarctic,” and that, “It’s going to be hard. There’s a good chance of death, going in a little can through deep space.”
Elon Musk Seems Willing to Die for Mars
Despite the risks involved, Elon Musk put the probability of a move to Mars at 70%. He didn’t say what had happened recently to stoke his enthusiasm, but he seems surer that a risky Mars mission is in the offering.
A mission to the planet Mars would be very dangerous. Pretty much every step of the way would be into uncharted territory from an engineering standpoint, and one problem could kill everyone.
Once on Mars, Elon thinks that they would spend all their time building a habitation. He doesn’t feel like many people would be interested in the risk and hardship, so the likelihood of a billionaire’s Mars club is slim.
SpaceX is Going Strong
Even with his decision to smoke cannabis on a popular podcast and ruffle some feathers at the US Air Force, Elon Musk seems to be taking SpaceX to the next level.
The SpaceX Crew Dragon capsule is set for a test launch in January of 2019. The capsule has been under development for many years, and this launch will finally give SpaceX a chance to see what their gear is capable of doing.
Still Some Work to Do
A far cry from being capable of traversing the space between Earth and Mars, The Crew Dragon capsule is designed to carry seven people into space. It could be used to move people to the international space station if the first tests are successful.
For now, the launch of The Crew Dragon capsule will be done without humans aboard, as SpaceX has to prove the viability of the vehicle before it will be allowed to carry people into orbit. Boeing is also working on creating a competing vehicle, and may also launch it next year.
The Forbes India Leadership Awards (FILA) 2018 ceremony held at the Trident in Mumbai, November 23, recognized the outstanding CEOs and entrepreneurs in the world’s fastest growing economy.
Some are already millionaires and billionaires, others are just beginning their entrepreneurial journeys, including teenagers as young as 13 who received a standing ovation for their success at such a young age.
Here are a handful of the FILA 2018 award’s featured entrepreneurs and winners from the event’s nine categories well worth a mention.
Harshwardhansinh Zala – Age 15 – Founder of Aerobotics7 Tech Solutions
Harshvardhan Zala Image Source: Forbes India
Zala, has invented a drone that can detect and detonate landmines, still a major cause of death and injury in many war-torn countries, affecting 26,000 people each year. The device uses multi-spectral detection to identify both metal and plastic landmines, and other ordnance and explosive devices. Zala told Forbes India:
“We can detect explosive devices, track their location and detonate them with our wireless detonator, averting any human risk.”
The EAGLE A7 drone (Escort for Attacking on Ground & buried Landmines as Enemy by Aerobotics7) took three years to develop and is 91-93% accurate. Zala is filing five international patents to protect his technology.
Even though his early access to the internet during the research of his projects was limited, Zala persevered and he’s now visited Silicon Valley and Google and had multiple university place offers from around the world. Aerobotics7 now employs over 30 staff but the product is not yet in full-scale production, it will be presented to the Indian Army this year. Zala is reported as saying:
“Never underestimate yourself… If you want to change something, do it even if it is impossible for the world.”
Azim Premji – Net Worth $20 Billion
Azim Premji Image Source: Forbes
The 73-year-old billionaire won the FILA 2018 lifetime achievement award for his transformation of a vegetable oil company into the IT enterprise Wipro and then his philanthropic activities over the last two decades. Premji left Stanford University and his studies to take over the family cooking oil business when his father died in 1966.
He expanded into software and then computer products and Western India Vegetable Products Limited became Wipro Products Limited. Wipro now has an innovation center in Silicon Valley focused on new technology and collaborating with startups. It won a $1.6 billion contract from Alight Solutions, Illinois, U.S, in September 2018.
Premji founded the Azim Premji Foundation in 2001 with a vision to improve universal education systems and schools in India, particularly in rural areas. In 2010 Premji pledged $2 billion to improve education in India, the largest donation of its kind in the country.
Vivek Chaand Sehgal – Net Worth $5.2 Billion
Sehgal is chairman of the Samavardhan Motherson Group, founded in 1975. The businessman won the FILA 2018 entrepreneur award for taking the company to its status as the 23rd largest auto parts company in the world. He’s led 20 acquisitions for the firm in the past 15 years and the company adjusts its strategies to cope with the evolving global economy and automotive marketplace.
The Samavardhan Motherson Group generates revenues of over $10.5 billion, partners with Japan’s Sumitomo Wiring Systems, and has 250 factories and operations in 41 different countries. Its clients include Volkswagen, BMW, Mercedes, Ford, and Toyota.
According to Forbes, Sehgal is 21st on India’s Richest 2018 list and the 289th richest billionaire in the world. Sehgal, at 62, is Indian-born but has Australian nationality.
Adar Poonawala – Net Worth Unknown
Ada Poonawala is the 37-year-old son of Indian billionaire Cyrus Poonawalla who has a net worth of $7.9 billion.
Cyrus Poonawalla founded the Serum Institute of India in 1966, now one of the world’s largest vaccine makers, producing 1.5 billion doses to protect against diseases like measles, polio, and influenza. The company owns Bilthoven Biologicals and the Czech based unit of Nanotherapeutics.
Adar Poonawala is now CEO to the Serum Institute, winning the FILA 2018 GenNext entrepreneur award, given to heirs of family businesses in India. He’s seeking to grow the low-cost vaccine manufacturer to more than twice its current size by 2022.
The Serum Institute was critical in the mid-2000s and onwards producing low-cost vaccines which have helped to almost wipe out the meningitis-A virus in much of the sub-Saharan region. Bill Gates said of the Serum Institute in 2012:
“[SII’s] contribution to global health has been phenomenal.”
Adar Poonawala said of the business and his father’s aspirations:
“My father’s vision was always to provide low cost, yet high quality vaccines to the masses.”
The Serum Institute keeps its profit margins low and supplies vaccines to the Indian government and organizations like Unicef and the WHO. Adar Poonawala told Forbes India:
“Children will be vulnerable if we don’t provide the vaccines to immunise them.”
He also claims that two out of three immunized children around the globe have been administered Serum Institute vaccines.
Adar Poonawala was named one of the Heroes of Philanthropy 2016 for donating $15 million to clean up Pune city, near Mumbai.
One thing that was clear from FILA 2018 is that India’s thriving, and growing, economy is being driven by many committed entrepreneurs young and old as well as companies which are able to diversify to continue the country’s growth.
Denise Coates, co-CEO and founder of UK betting firm Bet365 earned $279 million in 2017 alone, making her the highest paid executive in the UK, and the highest earning female CEO in the world.
The $279 million outstrips Apple founder Tim Cook’s salary for 2017 at just $12.8 million. Coates also earned a $57 million in dividends from her 50% stake in Bet365, which is not a public listed company.
The 51-year-old executive, mom to four adopted children, has a net worth of $3.6 billion. In comparison, the net worth of the iconic Apple CEO Cook pales at $625 million off the back of his $1 trillion-dollar computing and mobile phone business.
Coates was also named 388th on Forbes Billionaires list for 2018 and 69th in the Richest in Tech 2017 list. A trained accountant, she took over some of her family’s betting shops in the UK before selling them to then betting giant Coral. Coates went on the launch the Bet365 website in 2000, a website that generated $3.2 billion in revenue in 2017.
The gambling market in the UK is 32% of the global gambling industry and the largest country market in the world, one that generated $17.7 billion in the year to September 2016. In the 12 months leading up to March 2017, Bet365 generated $2.8 billion, illustrating its massive market share of the UK and global betting market.
An Irresponsible Salary?
With “problem gamblers” costing the UK government up to $1.5 billion per year in 2016, according to GambleAware, the salary of Coates draws attention.
UK Liberal Democrat political party leader Vince Cable described the CEO’s earnings as
“Irresponsible and excessive.”
Cable believes the gambling industry needs much tighter regulation, something that could restrict Bet365’s and in turn Coates’ earnings, of the high industry salary he added:
“In any circumstance it is hard to justify, but more so given the money comes from people struggling with compulsive gambling.”
Others have stepped up on Twitter to defend Coates, according to CNN reporting, pointing to the work of the CEO and her Stoke-On-Trent, UK, based business.
Denise Coates has built a world class business from nothing but an idea. She has built that world class business right here in Stoke on Trent. Yes it's an exceptional, mind-boggling salary but don't overlook what an exceptional mind-boggling achievement it is. #bet365
Coates is one of the more private global high earners, she gained a degree in Econometrics from the University of Sheffield before beginning at the bottom in her family’s betting shop business. She learned accountancy and eventually took over the company, Provincial Racing, as Managing Director in 1995. She turned around the business, expanding by acquiring a neighbouring betting business.
A Gamble on Gambling…
Speaking in a past interview when questioned on her role in the male-dominated betting industry Coates said:
“I never gave it a second thought. It didn’t cross my mind. I probably had a few [meetings] at first where I had to put somebody right – but I knew my business, so it wasn’t a problem. I just wanted to get on with making my business successful.”
When launching Bet365 Coates obtained a loan, using her family business as collateral, a gamble on internet-based betting, which of course has now paid off. Coates reportedly said:
“We knew the industry required big startup costs but… we gambled everything on it. We were the ultimate gamblers, if you like.”
Honoured by the Queen
Though Coates’ salary has been criticised it’s hard to deny the CEO has both worked her way up and worked hard to launch an extremely successful business. Like many successful business founders, she has worked around the clock. Coates has said:
“You start a 24/7 business and you work 24/7. When you’re not here [in the office], you take calls in the middle of the night, regularly – that’s how the early days were. I’ve worked harder than you can possibly imagine.”
Coates formed her charity, The Denise Coates Foundation in August 2012 which has donated the equivalent of $128 million to twenty causes in the UK and abroad, including to cancer charities and hurricane relief programmes.
She’s also brought 3,000 new jobs to an area of the UK that declined dramatically in recent decades. Coates was awarded a “Commander of the Order of the British Empire” (CBE) in 2012 for services to the community and to business and has also been awarded an honorary doctorate from Staffordshire University.
Apple CEO Cook is unlikely to begrudge Coates her success. He has the most profitable business in the U.S, one that brought in more than $49 billion in net income in 2017.
When the new Leonardo DiCaprio Robin Hood movie remake was announced with a star-studded cast, some people were rightly excited. But the film is getting hammered from all quarters by movie critics for its mediocrity.
Robin Hood was famous for stealing from the rich and giving to the poor, but it seems this movie had a rich budget but ended up poor!
Leonardo DiCaprio Robin Hood Fails to Make the Grade
The new Leonardo DiCaprio Robin Hood remake enjoys a massive cast of well-known names such as Taron Egerton, Jamie Foxx, Ben Mendelsohn, and Eve Hewson, but has failed to hit the bullseye. Maybe DiCaprio should have stayed in front of the cameras instead of producing the film from behind the scene.
Whether you visit online movie review sites such as Rotten Tomatoes and IMDb or read the myriad of reviews online from professional film critics, the latest Hollywood adaptation of Robin Hood is getting seriously panned.
Robin Hood remakes can be a bit hit and miss, although the Kevin Costner version, Prince of Thieves, from the 1990s is pretty much seen as the hallmark in the Robin Hood film genre.
This new version has apparently gotten more laughs than Mel Brooks’ spoof Robin Hood movie, Men in Tights, but it wasn’t supposed to be funny.
Poor Robin Hood Movie Reviews
Every generation of people seems to get a new version of this timeless tale that sees our hero Robin going against the establishment run by the Sheriff of Nottingham. The new Leonardo DiCaprio Robin Hood remake is apparently lacking in terms of excitement.
Time Out film critic Joshua Rothkopf went as far as saying:
“Several dueling shades of dull, this umpteenth retooling of the outlaw legend is desperate to convince viewers that Christopher Nolan had something to do with it (he didn’t).”
This is basically the sentiment of the vast majority of film critics in regards to the remake.
Is Hollywood simply regurgitating too many classic films? Have they run out of original ideas or are just being lazy thinking they can turn over a quick buck rehashing classics? Most definitely, and it’s gone too far. Perhaps Leonardo DiCaprio should stick to his vegan clothing line.
When the Disney Robin Hood cartoon from the 1970s has more depth than a modern remake with budgets in the tens of millions, you know the world is going slightly made.
We don’t think that the latest Leonardo DiCaprio Robin Hood movie is going to be claiming any Oscars this year, so don’t hold your breath on that one.
When it comes to tear-jerking animations movies, not many can match The Lion King, or if you are older than hip-hop, Bambi. The official teaser for Disney’s Lion King remake has just been released and is making a roaring impact across cyberspace.
The official teaser was released just before Thanksgiving to give the public a sneak glimpse into the remake, which can hopefully live up to the original.
Eagerly Awaiting Disney’s Lion King Remake
Did you cry when Simba’s dad died right in front of him as the animation movie’s star clutched his deceased father’s paw? If not, you either didn’t see the film or have the emotional outpouring of a wet lettuce.
The 1990s was a time when it was still possible to have a deep and emotional link to a cartoon. The original Lion King movie was first released in 1994, took $45 million to make and grossed a massive $968 million at the box office making it one of the highest selling animation movies of all time.
In this day and age, we have been spoilt for choice in terms of animation movies. We have gone from a handful of animation movies released each year in the 1990s to hundreds released every year in modern times. With so much new technology, audiences seem to have less connection with animation movie characters than before.
Let’s hope Disney’s Lion King Remake can change all that. The official teaser certainly looks well polished.
The world-renowned film director Jon Favreau has helped to create Disney’s Lion King remake, and he is not new to the genre. He directed the remake of the Jungle Book, so is the ideal man to have a decent stab at remaking another animation classic. Only last week we saw the official teaser for the new Toy Story movie as well.
With CGI now being favored instead of old-style cartoon animation, it will be interesting to see what Favreau does with his effort.
In terms of casting, Donald Glover will play the voice of Simba, while pop songstress Beyonce will be playing the voice of Nala. It will also be interesting to see how Millennials take to the remake.
Disney’s Lion King remake will open across theaters in America from July 19 next year and is expected to do very well at the box office. Only time will tell.
As we move towards the end of 2018, it’s always interesting to see who are the highest earners. When it comes to money makers, not many can match athletes and sportspersons. Here are the top 5 highest earning athletes in 2018 so far.
#5 – Neymar – Yearly Earnings: $90m
Brazilian footballer Neymar is sometimes known more for his girlie haircuts than his football skills. However, he is the 3rd highest earning football player and the 5th highest earning athlete so far in 2018 with $90 million. His five-year contract with PSG at the back-end of 2017 is worth a reported $600 million. His sponsorship contracts with Nike, Beats by Dre, Red Bull, Coca-Cola and Mcdonalds have helped.
The UFC superstar Conor McGregor has had another fantastic year in terms of earning. So far this year, the MMA demigod has raked in $99 million from his vast array of sponsorship deals with Beats by Dre, Burger King, Monster Energy and many more. The majority of his yearly earnings came from his 2017 fight with Mayweather. Not only is Conor one of the most marketable athletes in the world, but also one of the most notorious!
#3 – Cristiano Ronaldo – Yearly Earnings: $108m
It’s been another great year for Cristiano Ronaldo in terms of earnings. His move from Real Madrid to Juventus made not only lots of news for the Portugues footballer but also plenty of cash. His lifetime deal with Nike is reported to be worth $1 billion, and with a yearly salary of $61 million, the 33-year old footballer is making as much cash as possible in the last few years of his career.
Barcelona and Argentinean football legend Lionel Messi is the highest paid footballer in the world in terms of salary and combined earnings, making $84 million alone in wages from the Spanish football giants. He made a further $27 million from sponsorships and endorsements for brands such as Pepsi and Gatorade.
#1 – Floyd Mayweather – Yearly Earnings: $285m
Mayweather
Although Floyd hasn’t actually fought in 2018 and is supposedly retired, the man known as ‘Money’ certainly lives up to his moniker. Mayweather has raked in a massive $285 million so far in 2018, which is mainly revenue from his fight in August 2017 with Conor McGregor. He only made $10 million from endorsements, so it will be interesting to see how Floyd can keep making the cash he is accustomed to without fighting.
As the likes of Floyd Mayweather, Conor McGregor and Cristiano Ronaldo are now coming towards the end of their careers, who will become the next big stars and highest earning athletes in the world? Anthony Joshua? Canelo Alvarez? They are definitely big shoes to fill.
Some say gambling doesn’t pay. BET365 CEO Denise Coates would beg to differ. The founder of the popular betting website pulled in a whopping paycheck of $281 million this year making her the highest paid CEO of a private company in the UK.
Bet365 are one of the leading online bookies in the United Kingdom, which is a nation that loves to have a bet. The company has just had a very successful year as is evident with the paycheck of their founder and CEO.
Happy Days for Bet365 CEO Denise Coates
Although gambling is banned across many nations, especially across Asia, the bookie business continues to skyrocket in Great Britain. Figures released earlier this week from the past year from March 2017 to March 2018 show that Bet365 CEO Denise Coates raked in a salary of $281, which is 10% higher than the previous year.
Although Denise Coates name wasn’t identified in the figures, Bet365 have received awards for having the highest paid director, which has pretty much spelled it out in capital letters.
Not only does the figure put her at the top of the CEO list in the UK, but she also becomes one of the highest paid executives of a private company in the world. Her bank-busting yearly salary is actually higher than any CEO on the S&P Index of US public companies.
Bet365 Billionaire Businesswoman
Bet365 CEO Denise Coates is a powerful businesswoman and is listed as having a $5.8 billion fortune and currently owns over 50% shares in the business.
The company is the second largest betting firm in the UK in terms of sales, second only to GVC Holdings Plc, who is also an online betting platform. Other notable online betting platforms in the UK are William Hill, Ladbrokes and Paddy Power.
As the home of football, golf, cricket, horse racing, tennis and a myriad of other sports, the United Kingdom is one of Europe’s premium betting epicenters. Typically speaking, there are anywhere between 14 to 30 horse races per day in the UK, all centered around the betting industry.
Bet356 saw massive profits last year rising over 31% to a total in the region of $800 million alone for the company.
In some countries, high-end bookmakers are criminals, but in the UK, Bet365 CEO Denise Coates is a billionaire businesswoman, and rightly so!
