In this episode, staff writer Michela Tindera and reporter Isabelle Bousquette explain how Forbes determined the value-from the prize-winning stallions to the lush bluegrass paddocks-of one of the country's ultimate, billionaire-owned trophy properties: Spendthrift Farm. Hughes sees upside in breeding promotions The story of IKEA founder Ingvar Kamprad $2.6B. The 47-year-old lives with her husband, Clive, and their . While majority ownership of the colt belongs to Spendthrift Farm LLC, Madaket Stables LLC and Starlight Racing, a 12.5 percent stake is owned by MyRaceHorse, a company that allowed anyone to buy into Authentic for that low price. He founded his company Oracle in . Gustavson lives on her family's horse breeding farm, Spendthrift Farms, in Lexington, Kentucky. dam of Grade 3 victor Worth Repeating. Race winnings paid directly to your online account. With a net worth of $64 billion, Larry Ellison is California's richest resident and one of the richest people in the world. The black colt brought a bid of $1,050,000 from Mrs. Adele Dilschneider at Keeneland, and Cherry Valley stayed in for a 25% interest. Tamara Hughes Gustavson. Forbes 400 October 2017. Louisiana > Richest person: Tom Benson > Net worth: $2.2 billion. Hualalai, named after a popular resort in Hawaii, is by the sadly departed Street Cry from the Encosta de Lago mare, Aloha, winner of the 2011 Group One Coolmore Classic and two other stakes races . Spendthrift Farm. House Of Gucci Mansion Available . net worth: $44. Sofia Bevarly, 25, is a social media star with over 1.6 million followers on Instagram.She gained a ton of attention on the platform for her scantily-clad bikini photos. Bradley Wayne Hughes (September 28, 1933 - August 18, 2021) was an American billionaire businessman, the founder and chairman of Public Storage, the largest self-storage company in the U.S. doing business as a REIT or real estate investment trust. Episode 1: Why This Billionaire-Owned Thoroughbred Horse Farm Is Worth $400 Million. The Chevy Chase resident now has a net worth estimated at $4.8 billion. As per the estimate, Johnny Depp has a net worth of $200 million. The Breeders' Cup announced on June 9th that Spendthrift Farm president Eric Gustavson was one of 19 individuals elected to serve as a Breeders' Cup Member. Estimated net worth: $2.8 billion. From David Murdock, the 98-year-old Dole chairman, who we once reported owned hundreds of Arabian horses, to Mary Alice Dorrance Malone, a Campbell's Soup heiress with a breeding operation for horses that compete in equestrian events, billionaires have owned all… In 2004, Hughes took a rare departure from his modest lifestyle by splashing out a reported $6 million on Spendthrift Farms, a thoroughbred racehorse breeding farm in Lexington, Kentucky. Short of throwing someone in The Breeders' Cup announced on June 9th that Spendthrift Farm president Eric Gustavson was one of 19 individuals elected to serve as a Breeders' Cup Member. 18. Louisiana Champions Day Lassie . Live odds, betting, horse bios, travel info, tickets, news, and updates from Churchill Downs Race Track. Net Worth: $2.7 billion . Hughes is also one of the top conservative political donors in the state. 65 clients in state Y. Charles Koch expanded his family business from a modest oil firm to a $110 billion corporation that manufactures products ranging from petroleum to paper. B. Wayne Hughes Net Worth. One of Tennessee's most powerful families, the Haslams own 67% of Knoxville-based $31 billion (sales) Pilot Flying J and one of the founder's sons, Bill, is governor of Tennessee. Net Worth: $6.6 Billion. Brad Kelley, owner of Calumet Farm, has an estimated net worth of $2.6 billion, putting him 1,205 th on the list of the world's richest people. AMANDA OWEN is an English shepherdess and writer best known for being the star of Channel Five's documentary series Our Yorkshire Farm. Kentucky Derby hopeful Mendelssohn has the look and genes of a winner. He started work in the oil industry at age 14, and after graduating from Artesia High School in 1950, went to work for Nash, Winfor and Brown. 5. #8 Bradley Hughes - Net worth - $2.5 billion | Richest Inventors in the World | Top 10 . He founded his company Oracle in . In this episode, . Gustavson lives at Spendthrift Farm, the racehorse breeding farm in Lexington. THE MONEY: Gustavson is the largest . Sixteen of the 42 stood at one of the three farms. He parlayed a $50,000 investment into a fortune worth billions. Currently, he is the richest person in Kentucky. RESIDENCE: Malibu. . She resides in Lexington at Spendthrift Farm, the . He is also well-known for his work as a producer. Tammy Gustavson's net worth of $8.85B can buy . Johnny Depp net worth in 2021: John Christopher Depp II, aka Johnny Depp, is one of the most famous American actors in Hollywood. He noted that his early graded stakes winners were from the claiming ranks. That $206 could net a return of hundreds. Steinbrenner (#75, 5 members, $3.8 billion) Kinsman Stud Farm. In 2004, he bought Spendthrift Farm in Lexington, Ky. The talented and popular actor, according to ACKowledge, has an estimated net worth of $200 million for 2021, even after his recent breakup from ex-wife Amber Heard. Troutt founded Excel Communications and is worth an estimated $1.3 billion. B. Wayne Hughes cofounded Public Storage in 1972 and has since made a fortune storing Americans' excess junk. She earned bachelor and masters degrees from the . Estimated net worth: $5.0 billion Resides: Lexington Tamara Gustavson is the largest shareholder of self storage company Public Storage, which was started by her father, B. Wayne Hughes, in 1972. Bradley Hughes net worth: Bradley Wayne Hughes is an American billionaire entrepreneur who has a net worth of $2.4 billion dollars. A water bank amid California's drought. Kentucky Derby Winners at the Kentucky Derby. The net worth of the world's 26 wealthiest billionaires is $1.4 trillion - the same as the combined wealth of the world's 3.8 billion poorest people, or about half of the world's population. Bradley Hughes net worth: Bradley Wayne Hughes is an American billionaire entrepreneur who has a net worth of $2.4 billion dollars. That title belongs . Forbes 400 October 2016. MyRaceHorse Stable is a syndicate that allows fans to buy microshares in racehorses for as little as $100 a share. AGE: 57. Age: 84. A Thoroughbred horse farm. > Net worth: $41.0 billion. And the question, 'how do we make racing at its highest level more diverse?' is locked and . LAST YEAR: $4.6 Billion. 0. barrels of crude oil . B Wayne Hughes is the founder and chairman of Public Storage who has an estimated net worth of $1.95 billion as of March 2013. $2.8B. Haslam family- $6 billion. Gustavson will serve a four-year term on the Board of Directors, which meets annually in July and oversees the organization's activities. CHANGE: +43%. Sep 24, 2021. Spendthrift Farm is the nom de course of the late B. Wayne Hughes. John Manganaro, a successful and respected businessman in New England who later developed a racing and breeding operation in Kentucky, passed away Aug. 13 at Mass. The 2022 Kentucky Derby is the 148th renewal of The Greatest Two Minutes in Sports. B. Wayne Hughes founded Public Storage in 1972, and is today he is the wealthiest person in Kentucky with an estimated net worth of $2.8 billion. 8 million, sired his first reported foal on Jan. 9 billion, she established herself as wealthiest person in the state of Kentucky. Hughes purchased Spendthrift Farm in Lexington in 2004. . General Hospital. In The Jockey Club's Report of Mares Bred, 42 stallions covered more than 140 mares in 2020. . He pioneered the concept of self storage. $2.7B. Popular Now. Self-storage pioneer Hughes had an estimated net worth of $4.1 billion. B. Wayne Hughes' Spendthrift Farm has acquired a majority ownership interest in the undefeated 3-year-old colt Authentic, the likely favorite for the June 6 Runhappy Santa Anita Derby (G1). SOURCE OF WEALTH: Inheritance, real estate. Estimated net worth: $48.2 billion. . 114 richest person in the U.S. . Owner(s): Spendthrift Farm . He's got a passion for horse racing. Episode 1: Why This Billionaire-Owned Thoroughbred Horse Farm Is Worth $400 Million. The purchase was the culmination of Hughes' longtime interest in horse racing; a passion which started in 1972 . Lexington, KY farms for sale are extremely high quality and flat, making it ideal for horse farms and other agriculture interests. Purse $100,000. The billionaire is also known for his large donations to conservative organizations such as Karl Rove's American Crossroads, as well as known in the thoroughbred racing world, spending much of his time on his 700-acre Spendthrift Farm in Kentucky. In the "Forbes 400" list, he was ranked the 250th richest person and was listed #785 in the World Billionaires. Net Worth: $10million ( estimated) . Net worth over time. In 2004, Hughes took a rare departure from his modest lifestyle by splashing out a reported $6 million on Spendthrift Farms, a thoroughbred racehorse breeding farm in Lexington, Kentucky. On Saturday, Authentic, a 3-year-old, won the Classic by 2¼ lengths, running against older horses. As we all know, diversity comes in many shapes and sizes. He married . At the time of his death, Hughes had an estimated net worth of US$4.1 billion. Hughes now spends much of his time on horseracing, having in 2004 purchased and restored Spendthrift Farm, the Lexington, Ky., institution legendary for turning out champion stallions. CHANGE: +43%. 2004 Father buys historic Spendthrift Farm horse-breeding facility. 6 Furlongs Dirt. 5. SPENDTHRIFT FARM and the Combs family that founded it have been towering symbols of the blue-chip American thoroughbred breeding industry for nearly 50 years. Hughes purchased Spendthrift Farm in Lexington in 2004. Alicia Adams is an IAR with SAP and splits her time between an office in state X and state Z. Adams has retail clients as follows: 10 clients in state W. 30 clients in state X. The purchase was the culmination of Hughes' longtime interest in horse racing; a passion which started in 1972 . Ellison is a cloud computing pioneer. So, the IKEA name was born using Ingvar Kamprad's initials plus Elmtaryd, the family farm, and Agunnaryd, the farm's parish in Småland. Authentic with Derby saddlecloth, halter, and Horse of the Year trophy Eclipse Award scenes at Spendthrift Farm near Lexington, Ky., on Dec. 22, 2020. He was born in Owensborough, Kentucky on June 9, 1963, and is currently 58 years old. Kelley, who lives in Tennessee, made his fortune in . The son of War Front had been bred in Kentucky by Seth Hancock's Cherry Valley Farm. Among its stallions is Cloud Computing, the winner of 2017's Preakness, according to Forbes. Putting aside Hughes' net worth, estimated at $3.1 billion, Spendthrift is anything but a small breeder. B. Wayne Hughes' Spendthrift Farm has acquired a majority ownership interest in the undefeated 3-year-old colt Authentic, the likely favorite for the June 6 Runhappy Santa Anita Derby (G1). Tamara Gustavson is the wealthiest person in Kentucky with a net worth of $5.7 billion. Hualalai was purchased by Spendthrift for $625,000, from Gerry Harvey's Baramul Stud draft, at the 2016 Gold Coast Magic Millions Yearling Sale. James Haslam II founded Pilot Travel Centers in 1958 and merged the company with Flying J in 2001. B. Wayne Hughes founded Public Storage in 1972, and is today he is the wealthiest person in Kentucky with an estimated net worth of $2.8 billion. Owner: Spendthrift Farm Llc Corinne And L Willi Trainer: Asmussen Steven M Jockey: Hernandez B J Jr. Fair Grounds - Race 12: STAKES. And the 16 bred 1,088 mares over the 140-mare limit. At one stage of his career, the American was CEO of 18 separate Real Estate Investment Trusts (REIT) that eventually became one. With a net worth of $64 billion, Larry Ellison is California's richest resident and one of the richest people in the world. The nine-year-old Temple City stands at Hughes' Spendthrift Farm near Lexington, Kentucky, for $5,000, stands and nurses. He was 83 . 30. Bradley Hughes is the richest person in Kentucky and the founder and chairman of Public Storage, the largest self storage company in the United States. The farm has raised nine Kentucky Derby champions. As the shares of Public Storage continues to rise, Tamara's net worth has increased by almost 500 million dollars. Access to exclusive events with industry leaders. When it ended at $3 million, Ned Toffey . Hughes is also one of the top conservative political donors in the state. Hughes was the founder of Public Storage, America's largest self storage company. Net Worth: $6.6 Billion. Spendthrift Farm With a net worth of approximately $2.5 billion, B. Wayne Hughes topped Forbes' 2015 list of the richest individuals in the state of Kentucky. FHFA seized two of the Na-tion's largest private financial institutions and later nationalized them. Contender Profile at the Kentucky Derby. Kluge (#49, 5 members, $6 billion) John Kluge . Kentucky Derby and Breeders' Cup Classic winner Authentic has been retired at the peak of his career and will be sent to Spendthrift Farm in Lexington, Ky., to start a career as a stallion. Bradley Hughes, Spendthrift Farm, $2.7 Billion . But the 17-year-old IKEA founder didn't sell furniture - yet. Koenig expects legal sports wagering to bring in $22.5 million per year, although that could be more of a conservative estimate. Juddmonte Farms and Spendthrift Farm.Cox earned his first graded stakes win in 2014 with Carve within the Prairie Meadows Cornhusker Handicap. Updates, race entries, and recaps in the palm of your hand. 5. . She is the daughter of B. Wayne Hughes, who died in August 2021. Yet neither Bezos nor Musk is the richest American of all time. ERIC GUSTAVSON, President of Spendthrift Farm. Live odds, betting, horse bios, travel info, tickets, news, and updates from Churchill Downs Race Track. December might be the month when Magic Millions contenders are the talk of the town, but the $400,000 Inglis Nursery (1000m) to be run at Randwick this Saturday has produced some top class winners in the past so with a big field of 15 engaged it's well worth a closer look at these untapped babies. Ellison is a cloud computing pioneer. In 2006, Lerner bought . Elmendorf Farm - Wikipedia Claiborne Farm - Claiborne Doing the Usual, Unusually Well A CENTURY OF SUCCESS 11.15.21 Keeneland November Mares In Foal to MASTERY Led by $340,0. He's got a passion for horse racing. Owner. 50. What was Secretariat worth? Second, much of Amicus's argument turns on the claim that FHFA exercises little if any "coercive power." Amicus Br. Source. Hughes, 76, is a Lexington, Ky., resident and owner of Spendthrift Farm, a Lexington Thoroughbred farm. Eric came to Spendthrift with the 2004 purchase of the farm by owner B. Wayne Hughes. Resides: Lexington. The $2.6 billion (sales) company is the world's largest self-storage business, with more than 2,300 locations throughout . Gustavson will serve a four-year term on the Board of Directors, which meets annually in July and oversees the organization's activities. Spendthrift Farm. Bevarly became the center of media attention after started dating internet playboy Dan Bilzerian.But apart from her relationship with Dan, not much is known about this social media star. Garcia's net worth has skyrocketed in recent months -- from $2.4 billion in April 2020 to $12.5 billion in August as Carvana's stock price climbed from less than $30 a share in March to over $180 . Spendthrift Farm, Inc., 514 U.S. 211, 239 (1995). This race is a precursor to the rich VOBIS Sires races which begin in season 2018/2019 and which will be worth $1 million (2yo race) and $500,000 (3yo race) Spendthrift Australia, owned by Kentucky's Spendthrift Farm, began operations out of its Romsey base in 2015. Having once stood for $7,500, the son of Harlan's Holiday heads into his 13th season at Spendthrift Farm in Kentucky at a career high of $225,000 to make him the most expensive stallion in North America. 0. troy ounces of gold. The 2022 Kentucky Derby is the 148th renewal of The Greatest Two Minutes in Sports. By Michela Tindera Forbes Staff . He has a net worth of $4.5 billion. It descended into bankruptcy amid the crash of the Thoroughbred market in the late 1980s and early 1990s, and Combs died in 1990. Gustavson lives in Lexington, Kentucky, where she and her husband Eric Gustavson own Spendthrift Farm. That makes her the No. Papa John Schattner is one of the richest in . Too young to set up the firm he wanted, his father gave legal consent and paid the registration fee as a graduation present in 1943. 6. Visits to racing stables, farms & training facilities. Tamara Hughes Gustavson. Is it worth buying shares in a racehorse? Koch owns a 42% stake in the company, as did his brother David, who served as vice-president until he retired in 2018. It also could be also be a total loss. He quietly donated some $400 million over the years to his alma mater, USC, where Hughes had a deep and sometimes . Estimated net worth: $2.8 billion. Nationality: American, Gotebo, Oklahoma. and has an estimated net worth of $2.2 billion. B. Wayne Hughes was born on September 28, 1933 in Lexington, Kentucky, United States. The Rep. also cited a figure from the American Gaming Association that said Kentuckians place more than $2 billion worth of illegal sports bets each year. Tamara Gustavson, age 59, is 108 th on the Forbes 400, with a net worth of $8 billion. The two richest Americans -- Tesla CEO Musk and Amazon founder Bezos -- are today worth more than $364 billion. SOURCE OF WEALTH: Inheritance, real estate. AGE: 57. In 1972, driving along a Texas road, Hughes noticed a self-storage warehouse loaded to capacity, thought about the concept, and founded Public Storage. 4 clients in state Z. He was born in Gotebo, Oklahoma in September of 1933 and currently lives in Lexington, Kentucky. Since he purchased historic Spendthrift Farm in Lexington, Ky., in 2004, B. Wayne Hughes has brought the farm back to prominence as a stallion operation and helped revolutionize the stallion . Billionaires March 2017. Bradley Hughes is the richest person in Kentucky and the founder . $2.7B. He has got many successful films on his profile […] Serendipity Asset Planning (SAP) is a covered investment adviser doing business in 48 states. When the bidding reached $2 million, the price began rising in $100,000 increments. LAST YEAR: $4.6 Billion. Hunt (#15, 33 members, $14.2 billion) Nelson Bunker Hunt. THE MONEY: Gustavson is the largest . RESIDENCE: Malibu. One Time Investment - No additional investments are ever required. 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