John Coates (businessman)
| John Coates | |
|---|---|
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| 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$1.3 billion Forbes[1] |
| Parent(s) | 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
Bet365 Foundation
John helped Denise set-up the Bet365 Foundation in August 2012 and it has donated £100 million[5] 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.