The Moneybags Backing Racehorses At The Kentucky Derby

Last Saturday marked the 137th running of the Kentucky Derby, the premier horseracing event in the world. It is not easy to gain entry to the event at Churchill Downs. And owners (many of them millionaires) spend ridiculous amounts of money on getting their thoroughbreds ready for this prestigious derby which has a $2.2 million purse.

1. Robert LaPenta

Currently the head of L-1 Identity Solutions, LaPenta’s horse is Dialed In. LaPenta entered the racing circuit in 1997 along with Rick Pitino, the head basketball coach of the University of Louisville.

2. Mike Repole

Repole, the owner of contenders Uncle Mo and Stay Thirsty, is involved with his Repole Stable. But Repole is also president of Energy Brands. He made a fortune investing in Vitamin Water-makers Glaceau, which Coca-Cola bought in 2007 for $4.1 billion.

3. Ahmed Zayat

Zayat formerly headed Al Ahram Beverages Company, the Middle East’s biggest beverage firm until Heineken International purchased it in 2002. He now runs the Zayat Stables and his horse Nehro Nehro earned a place in this year’s Derby.

4. Harvey Clarke

New Jersey-based real estate businessman Clarke is racing Soldat at the Derby. Clarke’s first graded stakes race win happened last year. This year, he has already added three more wins to his kitty.

5. Bob Yagos

A former salvage company owner from Jacksonville, Yagos has been racing since the 1980s. Archarcharch is his first horse to race in the Kentucky Derby.

6. Arnold Zetcher

Formerly associated with Bonwit-Teller and Kohls Food Stores, and Talbots, Zetcher is now retired from the corporate world. He started racing in 2000 and even served for sometime as chairman of the Thoroughbred Owner’s of California’s board of directors.

7. Mike Lauffer

Lauffer’s family has been into oil and gas for three generations now. Lauffer has been horseracing since 1995. He works with friend Bill Cubbedge. Shackleford is their first horse to make the Kentucky Derby.

8. Dean Reeves

Reeves’ Kentucky Derby contender Mucho Mucho Man is jointly owned with Dream Team One Racing Stable. Reeves also heads his father’s company Reeves Contracting. He got into horseracing in 2007 and began Reeves Thoroughbred Racing in 2009.

9. George Hall

Hall is head of a $6.6 million investment company named the Clinton Group. He got into racing with his wife Lori in 2004. Their Kentucky Derby entrant is Pants on Fire.

10. Charlotte C. Weber

Her grandfather founded the Campbell Soup company. Weber currently heads private real estate management firm Live Oak Properties. Alongside, she stables thoroughbreds through Live Oak Stud. Her horse at the Derby is Brilliant Speed.

11. Barry Irwin

Former fiction writer Irwin got into horseracing first as a journalist, then as an agent, and finally as a stable owner. In 1987, he founded Team Valor, which has become a premier stable in the US. His horse for the Derby is Animal Kingdom.

12. Tom Walters

Insurance guy Walters is racing his horse Santiva at the Kentucky Derby. The man who owns Walters & Associates Insurance Services makes it a point to buy one horse every year. He has seen plenty of multiple stakes wins.

13. John Magnier

The Irish Magnier comes from a family of hunting horse breeders. Racing must have been a natural progression. He turned Coolmore Stud into the largest thoroughbred horse breeder in the world. He is racing the Master of Hounds at the Derby.

14. Ken Ramsey

He dabbled in trucking and real estate before hitting big time in the cell phone network business. After selling off his various companies for $39 million, Ramsey entered horseracing in 1994. He is now busy with Ramsey Farm. His horse at the Derby is Derby Kitten.

15. Ruben Sierra

Sierra’s horse this season is Decisive Moment. The Venezuelan who made a fortune in the grain business runs Just For Fun Stables.

16. Gilbert Campbell

The real estate developer started racing in the 1970s. His horses have been over 20 stakes winners. The Stonehedge Farm South owner is racing Watch Me Go this time.

Other horses

Also racing in the Kentucky Derby are Twice the Appeal (owned by Rusty Brown, Victor Flores and Henry Hernandez), Comma to the Top (owned by Gary Barber, Roger Birnbaum and Kevin Tsujihara) and Twinspired (owned by Harvey Diamond, Jimmy Shircliff, Daniel Johnson and David Koenig)

Via: Business Insider

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