Why This Billionaire-Owned Thoroughbred Horse Farm Is Worth $400 Million | Forbes

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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 kinds of horses over the years.

In the first episode, we look at Spendthrift Farm—one of the most storied Thoroughbred farms in the country, which today boasts North America’s top sire Into Mischief as well as 2020 Kentucky Derby winner Authentic. Longtime Forbes 400 member B. Wayne Hughes purchased the farm—one of the nation’s ultimate trophy properties—in 2004 for an undisclosed price, and after his death at age 87 in August, we now count it as part of the estimated $8 billion fortune of his daughter, Tamara Gustavson. We’ll explain how we estimate the price of those priceless stallions, as well as the land that’s been a part of the Kentucky farm for nearly a century.

Read the full story on Forbes: https://www.forbes.com/sites/michelatindera/2021/10/05/why-this-billionaire-owned-thoroughbred-horse-farm-is-worth-400-million/?sh=643ba04e5f8e

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