Introduction:
John Coates is a serial entrepreneur, investor, and philanthropist. He had a humble beginning and had to work hard for every penny he earned. But it was his never-give-up attitude that catapulted him to the top of the business world. Everyone is curious about John Coate’s net worth, and in this blog post, we will be exploring this topic in-depth. So, let’s get started!
Section 1: Who Is John Coates?
John Coates is an Australian entrepreneur who is considered one of the most successful businessmen in Australia. He is the founder and former CEO of Bet365, an online gambling company, and is also a co-owner of Stoke City Football Club. John Coates is often described as a reclusive billionaire who is not interested in the limelight. He is a very private person, and not much is known about his personal life.
Section 2: How Did John Coates Start His Career?
John Coates started his career as a lawyer before transitioning to business. In 1995, he founded a sports betting company, Provincial Racing, in Australia. In 2000, he founded Bet365, which initially focused on sports betting. However, it later expanded to include online casino games, such as poker and blackjack. Today, Bet365 is one of the largest online gambling companies in the world.
Section 3: What Is John Coates’ Net Worth?
According to Forbes’ Real-Time Billionaires List, John Coates’ current net worth is $11.3 billion. He is the fourth richest person in Australia and the 189th richest person in the world. His wealth has come from Bet365, which is estimated to be worth around $10 billion.
Section 4: How Did John Coates Build His Wealth?
John Coates built his wealth through hard work and dedication. He saw an opportunity in the online gambling industry and capitalized on it. His company, Bet365, grew exponentially, and he made smart investments along the way. John Coates also has a diverse investment portfolio, which includes real estate and other assets.
Section 5: What Are Some of John Coates’ Investments?
Apart from Bet365, John Coates has invested in several other ventures. He owns a stake in Stoke City Football Club and is also a shareholder in a luxury hotel chain, InterContinental. In addition, he has made several investments in Australian real estate, including a $36 million penthouse in Sydney.
Section 6: What Are Some of John Coates’ Philanthropic Activities?
John Coates is a generous philanthropist and has donated millions of dollars to various causes. He has donated to medical research, education, and sports-related charities. He has also donated to the NSPCC, a UK-based charity that helps children who have been abused. In 2020, John Coates and his family pledged to donate $40 million to fight bushfires in Australia.
Section 7: Is John Coates Involved in Any Controversies?
John Coates has been involved in a few controversies throughout his career. In 2012, Bet365 was fined £2.75 million for misleading advertising. In addition, there have been concerns about the addictive nature of online gambling, and Bet365 has been criticized for not doing enough to address this issue. However, John Coates has been a vocal advocate for responsible gambling and has worked to promote awareness of this issue.
Section 8: Conclusion
In conclusion, John Coates is a self-made billionaire who has built his fortune through hard work and dedication. He is a successful businessman, investor, and philanthropist, and has made significant contributions to many charitable causes. John Coates’ net worth is a testament to his success, and he continues to be an inspiration to entrepreneurs around the world.
FAQs
1. How much is John Coates worth?
John Coates’ net worth is currently estimated to be $11.3 billion.
2. What is John Coates known for?
John Coates is known for founding and running Bet365, one of the largest online gambling companies in the world.
3. Does John Coates have any investments?
Yes, John Coates has several investments, including a stake in Stoke City Football Club and a luxury hotel chain, InterContinental.
4. Is John Coates involved in philanthropy?
Yes, John Coates is a generous philanthropist and has donated millions of dollars to various causes.
5. Has John Coates been involved in any controversies?
Yes, John Coates has been involved in a few controversies throughout his career, including concerns about the addictive nature of online gambling.
6. Is John Coates a private person?
Yes, John Coates is a very private person who is not interested in the limelight.
7. What is John Coat’s background?
John Coates started his career as a lawyer before transitioning to business.