Business
Bet365 boss rakes in huge £280m pay packet despite weaker profits
Denise Coates, the head of betting giant Bet365, has solidified her standing as one of the UK’s highest-paid executives, with her remuneration package reaching at least £280 million over the past year.
The billionaire entrepreneur, who co-runs the Stoke-based firm with her brother, received this substantial total pay deal despite the company reporting weaker profits.
Newly filed Companies House accounts for the business indicate Ms Coates was allocated a salary of £104 million for the financial year ending March 2025. The accounts also reveal the company distributed a £353.6 million dividend to shareholders for the year, over three times the previous year’s payout.
She will be eligible for at least half of this, or almost £177 million, as majority shareholder of the business.
Ms Coates therefore received at least £280 million for the year, representing a sharp rise from the roughly £159 million deal she got last year.
It takes her total pay and dividends to around £1.8 billion for the past eight years.
The increase comes after the group reported stronger revenues, which rose 9% to 4.04 billion for the year, on the back of growth in both its sports and gaming operations.
Growth benefited from a “successful” Euro 2024 tournament during the financial year and expansion into new markets.
However, the pay increase also came despite the group revealing that pre-tax profits slid to £338.5 million from £596.3 million a year earlier.
In May, the Guardian reported Ms Coates and her family were assessing a potential sale of the business which could value it at up to £9 billion.
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As Budget 2026 approaches, elderly passengers are hopeful that a long-withheld relief might finally return.
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Indian Railways is set to increase train fares from December 26, and this has once again put the spotlight on senior citizens. As Budget 2026 approaches, elderly passengers are hopeful that a long-withheld relief might finally return.
Business
Does Higher Income Guarantee Faster Wealth? Can You Actually Build Money Faster By Moving To UAE? CA Explains Math
New Delhi: For many middle-class families in India, a particular notion crosses their minds every few months. If people who relocate to the UAE earn more money and if location is a key factor in wealth creation. Chartered Accountant and financial advisor Nitin Kaushik recently sparked a detailed discussion on X by breaking down the actual numbers behind this notion. At the core of his post is a compelling idea that wealth is not created by crossing borders but by crossing comfort zones. Kaushik says that no destination creates wealth and only financial behavior does so.
Kaushik explains how residents working in the UAE often highlight two genuine financial advantages. The first is a lower personal income tax which increases take-home pay. In India, a Rs 2 lakh salary taxed locally may leave Rs 1.55 to 1.6 lakh in hand whereas similar earnings abroad may result in nearly complete take-home. This is due to lower personal income tax abroad. The second factor is a larger monthly savings rate. Many people save between Rs 80,000 and Rs 1.5 lakh per month by sharing accommodation and reducing expenditure. “Same markets. Same funds. Different speeds of wealth creation,” Kaushik wrote.
In the following thread, Kaushik explains in detail how geography has little bearing on wealth creation and how savings discipline does all the magic. He claims that while earning Rs 2 to 3 lakh domestically, several professionals save less than Rs 30,000 per month due to lifestyle inflation, large EMIs and premium living costs. Building Rs 1 crore at this pace will take 15 to 18 years even with strong market returns. “The contrast is not country-based and it is cash-flow based,” Kaushik said.
Kaushik claims that increased income does not ensure faster wealth. A Rs 3 lakh earner saving Rs 1 lakh builds wealth more quickly than a Rs 5 lakh earner saving Rs 40,000. What matters is the investable surplus and not the salary figure, he said.
“Is wealth really about where you work – or what you do with what you earn?”
Every few months this thought pops up in thousands of middle-class homes:
“People who go to UAE build money faster_
Is location the secret?”The truth is more layered than that – and it deserves an_ pic.twitter.com/50uByLnd8h
— CA Nitin Kaushik (FCA) | LLB (@Finance_Bareek) December 23, 2025
According to Kaushik, when expenditure is smaller than income then investing happens almost automatically. The same financial outcome can be achieved at home with modest lifestyle control, aggressive monthly SIPs, consistency across market cycles and zero dependency on “windfall thinking”.
Kaushik said that the real wealth calculation does not consider geography. Income minus expenses becomes investable capital and investable capital multiplied by time becomes net worth. “Change any one variable and the future changes,” the CA wrote.
Kaushik said, “Wealth is not built by crossing borders. It is built by crossing comfort zones. Whether earnings come from here, there or anywhere what changes lives is the habit of paying the future first.”
According to Kaushik, moving abroad may increase savings capacity but discipline alone converts earnings into freedom. In Kaushik’s words, “No destination creates wealth. Only financial behavior does.”
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Income Tax Refund 2025: Several taxpayers on the internet have, over the past few day,s alleged that they have received an email and/ or SMS from the Income Tax Department, saying that their ITR refund has been put on hold due to ‘mismatches’ in their ITR filing.
“Processing of the said return was held as it was identified under risk management process on account of certain discrepancies in the claim of refund. An email with details has also been sent to your registered email address,” the message sent to taxpayers typically reads, according to multiple screenshots shared on social media platforms by users.
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December 24, 2025, 11:34 IST
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