AMERICAN BILLIONAIRE$ AND HORSE RACING

Wealthy folks in the United States and Europe have often spent some of their vast financial resources pursuing equine sports. The most visible relationship has been with Thoroughbred horse racing.

The Forbes magazine dated October 11, 2010 is devoted to the annual identification of and narrative about the 400 richest people in America. The Forbes website allows one to seach by the “passions” of the billionaires. Under “Passions: Horses,” 19 of the 400 are listed. Many of these are involved with Thoroughbred horse racing now or in the recent past. Names on the list include Gerald Ford, Bradley Hughes, Carl Icahn, Jess Jackson, Brad Kelly (former director and major owner of Churchill Downs, Inc.), Robert McNair, T. Boone Pickens (husband of the former Madeleine Paulson of Cigar fame), Kenny Trout, and Charlotte Weber. One of the 19 billionaires is a horse enthusiast, although not a racehorse owner, who is much in the news today–Meg Whitman, the onetime CEO of eBay and current Republican nominee for California governor. Click here to see the full list.

Forbes also has a feature article (titled “Horse Whisperer”) on Lexington, Kentucky bloodstock agent John Moynihan. It is mostly about his personal background and his purchases for the Forbes 400 billionaire Jess Jackson and his wife, Barbara Banke. Some of the story transpired at the August Fasig-Tipton yearling auction in Saratoga Springs, New York. Click here to see the article.

Copyright © 2010 Horse Racing Business

Comments

  1. LinkProfile: RW-ALL says

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