John Coates (businessman)

John Coates
Born January 1970
Residence Stoke-on-Trent, United Kingdom
Nationality British
Alma mater Bristol University
Occupation Businessman
Known for Joint CEO Bet365
Net worth US$1.9 billion Forbes[1]
Parent(s) Deirdre & Peter Coates

John Coates (born January 1970), is an English businessman and current Joint Chief Executive of online gambling company Bet365. He has been listed in the Forbes magazine’s 29th annual rich list, with an estimated personal fortune of $1.3 billion (roughly £850 million).[2]

Early life

John is the son of Peter Coates, current Chairman of Stoke City F.C. and director of Bet365 He attended Bristol University where he studied Law. He lives near Stoke-on-Trent with his wife and two children.

Business career

Coates studied law at Bristol University and started his career as an attorney. In 2001, after selling some of their father's betting shops to large bookmaker Coral, his sister convinced him to join her in launching bet365.

Bet365

John and his sister Denise Coates[3] are co-CEOs of U.K. based bet365, one of the world's leading online gambling companies.[4] He owns a quarter of the company.[5]

Bet365 Foundation

John helped Denise set-up the Bet365 Foundation in August 2012 and it has donated £100 million[6] to 20 UK charities to help support projects home and abroad.

Charities which have received funds include Oxfam, CAFOD (the Catholic Agency For Overseas Development), the Douglas Macmillan Hospice for cancer sufferers in Stoke, and relief programmes for victims caught in the aftermath of Typhoon Haiyan in the Philippines. University scholarships and theatre donations have also been offered.

Stoke City

In July 2015 Coates was appointed as Vice-Chairman at Stoke City where his father is chairman.[7]

References

  1. ↑ "Forbes".
  2. ↑ Forbes. "Top billionaires". Forbes.
  3. ↑ Bowers, Simon (2012-06-08). "Denise Coates: the hidden 24/7 woman behind Bet365". the Guardian. Retrieved 2016-05-14.
  4. ↑ "Bet365 family to become Britain's first gambling billionaires after amassing £925 million fortune in just 13 years". Mail Online. 2013-04-20. Retrieved 2016-05-14.
  5. ↑ Torrance, Jack (2015-03-03). "More people became billionaires last year than ever before". www.managementtoday.co.uk. Retrieved 2016-05-14.
  6. ↑ Bowers, Simon (2014-07-11). "Bet365's Denise Coates sets up £100m charity foundation". the Guardian. Retrieved 2016-05-14.
  7. ↑ Spinks, Martin (2015-07-02). "Stoke City: John Coates appointed vice chairman". Stoke Sentinel. Retrieved 2016-05-14.
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