The Cheltenham Festival Races is a little over a week away, and horse racing lovers not just in the UK but worldwide are looking forward to the events and the racing results. In the excitement, you may wonder – is horse racing worth it? Is it worth it to be an owner, jockey or owner of a winning racehorse? The answer is a definite yes.
The Saudi Cup this year will be giving $10 million to the first-place horse, and every horse from 2nd down to 10th will be diminishing shares split another $10 million. The jockeys are not left out. Jockeys like Yutaka Take have made close to £649.8m in prize money since debuting in 1987, finding the right rider is no joke for an owner. As such here are the wealthiest names in the horse racing circuit.
- Alain and Gerard Wertheimer: At the ages of 71 and 60, Alan and Gerard who inherited fashion empire, Chanel, have had champions such as Goldikova and Kotashaan come out of their thoroughbred business Wertheimer et Frere (also part of the inheritance package) give a nice boost to their net worth of about $30 billion.
- Kirsten Rausing: The granddaughter of Ruben Rausing, inventor and founder of aseptic packaging technology giants Tetra Pak has done impressively well with Lanwades Stud Farm in New market. With her horses producing approximately 1500 wins in 20 years and let’s forget Madame Chiang being part of them, her already existing cache of $9.3 billion can only increase.
- Sheikh Mohammed bin Rashid Al Maktoum: The current Vice President and Prime Minister of the United Arab Emirates (UAE), and ruler of the Emirate of Dubai with a current net worth of about $4.5 billion has been influential in the Middle East, and it goes beyond horse racing. His team, Team Godolphin, has riders and horses across four continents, and already with over 115 wins in 2020, things can only get better.
- Mary Alice Dorrance Malone: The largest shareholder of Campbell Soup Company, Mary Malone, is the owner of Iron Spring Farm. The Farm’s recent purchase of exciting Approved KWPN stallion Lowlands from the Netherlands shows that her team scout everywhere looking for the next big thing. The Farm also boasts of Judgement, the most decorated American jump horse ever.
- Julio Bozano: The Brazillian banker and businessman own Argentina based Haras Santa Maria de Araras. With over $11 million in lifetime earnings, few can argue it’s been a bad business venture. Catch a Flight has been its crown jewel. At 80 years old, Mr. Bozano has a cash cow in his stables
As you can see, horse racing is a profitable venture. It is also the playground of some of the rich and famous people and horses. It, however, requires a significant outlay to get the best horses as mating, feeding, and maintenance are financially on the high side. The names of the list have been able to be patient enough to invest in these valuable steeds. The jockeys are not left out. Their efforts and dedication have made them the most sought after. Demand indicates costliness; hence you know these guys don’t come cheap, making some pretty wealthy jockeys. Equestrian racing is more than a sport. It’s a business.