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

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 this episode, Forbes takes 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.
For more than three decades Forbes reporters have tracked the fortunes of the richest people on the planet: putting dollar figures to their business empires, investments, their one-of-a-kind art, their private islands and more. Now, we’re taking you behind the scenes to show you how we determine the value of the most unique assets owned by the world’s billionaires.
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[@sarah44_equ]

Ok the terminology is pretty incorrect. Not completely, but filly, foal, mare, colt, and stallion are not other words for thoroughbreds. These are just general horse terms.

[@anchorbayvinny4182]

First thing I noticed, to be fair they did get the pics of MG in DC Distaff and Zenyatta BCC right

[@sarah44_equ]

@@anchorbayvinny4182 true

[@sherrykendrick1765]

But a horse is a horse of course. Couldn't help myself. But your right.

[@ratherbwithhorses]

As a total horse geek whose life is totally with horses, I am thankful that rich people spend their vast fortunes on horses!

[@pamelawing626]

Find out what happens when there are too many foals, and also the ones that don't meet expectations. It's not pretty.

[@ttran5083]

@@pamelawing626 how is it that there are too many foals?

[@pamelawing626]

@@ttran5083 Because they breed them. Depending on the sire and dam, some will well for many thousands of dollars. Some "don't have it" and can be sold for less and often are. They are used as pleasure horses and dressage and jumping show horses. Any left over animals....well, it's a business. They aren't needed, not sold, not adopted, so.......... There are tons of race horses, but only so many races and then you have your first, second, and third, the money slots and the rest just run. If they don't show themselves and win, bring in income, they are out. Again some sold, some adoped, others...... An example of what can happen is Ferdinand. Remember Kentucky Derby winner? He was put out to stud, of course, and seems was not all that good at it. Eventually he ended up in Japan, they used him up and sold him for slaughter. Horse meat is eaten in Japan. So, back to the breeding. Too many stallions and too many babies. Business is business.

[@suzanneyoung8011]

@@pamelawing626 if you want to find fault with the breeding industry, you'd best be looking at the Quarter Horses and not Thoroughbreds. They are the largest horse registry in the world and breed by far the most horses every year in the United States than the other breeds combined. They intentionally over breed their mares for profit through embryo transfer and artificial insemination. When looking at a racing or performance Quarter Horse broodmare's produce record it goes on for pages and pages because one broodmare can have four foals born every year through embryo transfer to surrogate mares. Also, some Quarter Horse stallions are still siring foals twenty years after the stallion's death through the use of stored frozen semen. This takes away breedings from live Quarter Horse stallions who can't fill their stud books. The global rule for Thoroughbreds, however, is that they must be bred by live cover only and embryo transfer is not allowed, so a Thoroughbred broodmare cannot ever produce more than one foal a year throughout her breeding career, besides the fact that she will likely have one or more barren years throughout the mare's breeding years. Due to the over breeding of Quarter Horses, including many small backyard breeders who don't keep their horses for its lifetime or follow up on its whereabouts, by far the vast majority of all horses that go to slaughter every year from the US are Quarter Horses and NOT Thoroughbred race horses.

[@pamelawing626]

@@suzanneyoung8011 None of it's nice, and people need to know it. Today's race horse is tomorrows dog food. I appreciate your comments.

[@opalreign2674]

My family was in the horse breeding business. It’s very unpredictable.

[@willzresurreccion6745]

Any business is unpredictable.

[@imgoingpublic]

@@willzresurreccion6745 Truer words have never been spoken

[@allysoobratty7565]

What happend Opal?

[@michellenainkristinabusch1221]

There's a saying in Thoroughbred breeding "Breed the best to the best and hope for the best".

[@Saddles_N_Sauvignon]

Actually, if you genuinely know about the horse breeding industry, you’ll know it’s not the stallion, it’s actually about owning a great mare that’s most valuable. A great mare that can produce champion after champion no matter the stud is the key. Stallions are just glamorous.

[@DoubleDogDare54]

Except for every Leslie's Lady or Somethingroyal you have 50 Zenyattas. Trying to pinpoint, breed or buy a blue hen is like trying to catch lightning in a bottle - as Mandy Pope has expensively found out with her boutique stable of champion failures. On the other hand, if you manage to find a plain but structurally sound filly from a producing family, you may luck out as long as she is a basket of recessive DNA that allows a good stallion to "improve" on her. The old saying was "Anythin' will do fo' a mudder", is more often the key to success when trying to find yourself a Broodmare of the Year candidate. As long as she has a potent pedigree, you can't write her off as a broodmare prospect.

[@allysoobratty7565]

Speed comes from the Mare while conformation comes from the Stallion

[@DoubleDogDare54]

@@allysoobratty7565 Somethingroyal raced once, placed 3rd in that race, was not speedy, but produced Secretariat by a speedy stallion best known for siring sprinters.

[@Saddles_N_Sauvignon]

@@allysoobratty7565 Not always true. I’ve had mares that I specifically cross on studs that may lack some refinement conformation wise. Such as improving the hip, length of neck, throat latch, definitely the head, bone size, ect. Also, I have certain mares that are great at calming down hotter bloodlines so you get the athleticism without the bullshit.

[@allysoobratty7565]

@@Saddles_N_Sauvignon Thanx

[@hannahwebb4846]

Mom and Dad took my sister and me to Kentucky Horse country in June 1969. Wow. What a trip. Spendthrift was the first farm we visited, and when we were there, Nashua was led out of his stall and posed for what was probably an owner of a mare looking for just the right stallion for her. He was posed right about where his statue is located in the stable yard. Besides Nashua, we saw Swaps, Never Bend, Gallant Man, Creme dela Creme, Sword Dancer, and last but definitely, not least Raise A Native, a little chestnut speedball who sired speedballs. We also went to Calumet and saw Citation. As owners of a Saddlebred, we made sure we stopped at Dodge Stables, and saw Wing Commander, a horse that pretty much founded a dynasty of breeding in Saddlebreds show horses. Both Citation and Wing Commander were in their upper 20s, if not 30, and both passed the very next year.

[@hannahwebb4846]

Oh, yes, Never Bend was there when we visited Spendthrift. Now you see him in a lot of pedigrees.

[@plmiller3576]

Wow! You are so fortunate to have been able to see so many legends. What a great memory for you.

[@hannahwebb4846]

@@plmiller3576 Thank you, and I treasure that trip to horse country to this day. I was a junior in high school when mom and dad took us to Kentucky (from Kansas). Now, I am 69 years old, retired, and still keep up with Thoroughbred racing and the pedigrees that are working for the horses that win. I just couldn't believe how small (and red!) Raise A Native was! He was built more like a Quarter Horse than Thoroughbred! But he was FAST, and passed on that fast! Easy to see how his son Mr. Prospector blended well with the Northern Dancer line. Also went well with Seattle Slew.

[@stephaniejaniczekssmugglerscan]

Omg all baby horses are referred to as FOALS! Female horses between the ages of a day to four years old are filly’s. Colts are male horses between the ages of a day and four years. A mare is an adult horse, a stallion is an uncastrated adult male horse. Geldings are castrated males. The Term THOROUGHBRED refers to the breed! I hate millennials who are so IGNORANT talking horses. As a thoroughbred owner I’m offended by this

[@akibawolfproductions]

You do realize she's only reading what's on a screen in front of her which is pre-written by someone else.

[@hannahwebb4846]

Yes, I can't stand it when a "purebred" of any kind is called a Thoroughbred." I've even heard human beings being called "Thoroughbreds" if they are particularly talented in some area. It is so elitist. If you trace Thoroughbreds back far enough, you'll find they AREN'T purebreds. The breed started out with Arabian stallions, namely, the Godolphin, Byerly Turk, and Darley Arabian as foundation sires of Thoroughbreds bred to Hobby mares that gave the offspring substance and size. The Darley Arabian, in fact, is considered a foundation sire of the Hackney breed of horse.

[@judypierce7028]

I am with you Stephanie Janiczek's Smuggler's Cantina. However, I do not own a Thoroughbred. I owned, trained, and judged Tennessee Walking Horses.

[@suzanneyoung8011]

@@hannahwebb4846 Well I beg to differ with you a bit there. Only the very beginning of the Thoroughbred breed was not "pure bred" because it didn't exist until those three Arabian stallions plus many other Arabian and Barb stallions were imported into Great Britain and bred to the British mares. Those other imported stallions just didn't continue on in the male line after a few generations, but they contributed genes in the female lines and every grey Thoroughbred alive today can be traced directly back to the grey stallion named Alcock's Arabian which was born in 1707. The Thoroughbred breed is the oldest established breed registry of any animal breed. It has been "pure bred" since the 18th century after the breed was established by the importation of Arabian horses into England.

[@hannahwebb4846]

@@suzanneyoung8011 Thanks for informing me. Grey Thoroughbreds: hail Knicks Go and Essential Quality.

[@sheilatruax6172]

I grew up on tales of Man O' War, Gallant Fox, Whirlaway, Citation, Native Dancer, etc. I saw Northern Dancer, Kauai King, Dancer's Image, Secretariat, Affirmed, Alydar, Genuine Risk, etc., race. I AM a horse racing freak! I have NO patience with people who are so ignorant to call all foals colts. That's a MALE. And it doesn't matter if they are of racing stock or not. A foal is a "baby" horse, pedigreed or not. You really need to tell the copy person to get ALL points correct, or forget doing the piece.

[@EE-zd6xh]

Thoroughbreds are the only breeds that require live cover, vs. artificial insemination, so that is why the stud fee is so high for throughbreds. Course, you can get many many retired racehorses for $500-$3,000 at the end of the season when most are sold. The high value horses are only the top top %s.

[@michellenainkristinabusch1221]

It's not just the breed. It's the sport of racing.

[@jamesoreck6144]

Though your valuations "maybe" correct there are major expenses. Just the vet bills are crazy ridiculous. You have to buy new bloodstock that can be well into the millions per horse. You have certain "partnerships" like the one's on American Pharoah where breeding rights are sold when the horse sells. None of this even mentions the costs of employee's and having a mare for a second breeding of the first time didn't work. Most farms do not make money. Really tough business only for the very rich usually.

[@14Jondaime]

Foal = newborn Yearling = year old Filly = 2+ yrs old female Colt = 2+ yrs old male Mare = retired female for breeding Stallion = retired male for breeding

[@OfficialMuffiin]

A mare or stallion are both horses over the age of 4. A female retired for breeding is called a broodmare, while a stallion breeding is called a stud.

[@ttb3350]

I appreciate Forbes branching out, but do these reporters even RESEARCH OR TALK to ppl in these industries.

[@1JamesMayToGoPlease]

The immortal Secretariat was, at one point in his life, literally worth 3 times his weight in gold. And he was a very large horse. His stride was 25 feet!

[@109367]

An interesting statistic, I think Secretariat was pretty average in size, however, like 16.2, compared to Zenyatta who is 17.2 she is unusually tall, especially for a mare. 25 feet is very impressive (though I have seen it estimated between 22-25) I think stride length has more to do with how a horse is built, it allows him to reach further. For instance many said American Pharoah had a very long, fluid stride because of the angles of his shoulders and hindquarters, allowing him to reach out further and despite being an inch shorter than Secretariat, his stride length was 26 feet.

[@justgrand3429]

Not hugely successful as a stallion unfortunately.

[@hannahwebb4846]

@@justgrand3429 If you're talking about Secretariat, in a small way, you're correct, but Secretariat broke the mold. Very few mares were suitable for him when he went to stud. He had a few successful race horse offspring, but where Secretariat was successful was as a breed builder. Look who traces their pedigree to Secretariat in one or two short generations: A.P. Indy, Storm Cat, Tapit. Also, Secretariat was a good broodmare sire. Secretariat had the big heart and passed it on. And yes, I know it is passed through the dam but Secretariat's daughters carried one or two copies of the big heart gene because breeders "caught on" to how to make the best use of one of Secretariat's greatest assets. i still get goose bumps when I watch reruns of his Belmont Stakes. No horse with a normal-sized heart does things like that.

[@1JamesMayToGoPlease]

@@justgrand3429 You're one of those who expected him to sire an exact replica?

[@justgrand3429]

@@1JamesMayToGoPlease Not an exact replica!. A successful stallion who sired a lot of grade one winners. Never happened.

[@montanamountaingarden476]

The age of the stallion has absolutely NO influence on how many mares are booked to it. The stallion’s race record and produce record determines how many mares get booked. Saying age is the factor in booking mares is stupid. American Pharoah retired at 3 and probably bred over 100 mares his first year. Age has nothing to do with it.

[@HannahBay34]

That’s not correct. Oftentimes older stallions have their books limited to fewer mares, as it is physically strenuous, and oftentimes an older stallion’s fertility declines so they would have fewer mares get pregnant and deliver live foals where the stud fee is collected. Age is certainly a factor, although not the only one.

[@montanamountaingarden476]

@@HannahBay34 Well yes, older stallions do, but I was referring to younger stallions

[@michellenainkristinabusch1221]

@@montanamountaingarden476 You said age, you didn't say younger stallions. At about 17ish, a lot of farms limit the books of the stud.

[@Oswald_Thatendswald]

Damn Forbes. Might wanna think about doin more research next time if you cant even get the proper definition of "Stallion".

[@jayskestrel8130]

“Foals, fillies, weanlings, mares, colts, and stallions” are all general horse terms. Every horse breed has these, they’re not locked terms for thoroughbreds. I kinda thought this was common sense, but I guess it’s not. 🤨

[@stardust949]

billionaires, schmillionaires---professional horse racing spits out thoroughbreds like their lives are worthless, so many going to kill buyers and the slaughter house pipeline. The people I think are BRILLIANT and worthy of our admiration are the "common" folks who are rescuing OTTB horses and re-training them, re-homing them and giving them lives beyond whatever their racing career was (or wasn't).

[@equine2020]

These people need to get educated about terminology. All horses are classified as foals, yearlings, mares, & stallions. Also the mare is a hugh asset in breeding. Her lineage is important. And her record.

[@audreyeverett3301]

after completely ignoring that foal, filly, colt, mare, gelding etc are just general horse descriptors and in no way other names for thoroughbreds; you really had to say stallions are usually retired race horses??? bruh...... no? A stallion is literally just an uncastrated male horse tf

[@breenwalshe7667]

One word Galileo.....................good night..........

[@OfficialMuffiin]

What a legend of a horse. The only horse that comes close to him is his own son Frankel.

[@michellenainkristinabusch1221]

2 words...Sadler's Wells. 2 more words..Northern Dancer

[@DoubleDogDare54]

General rule of thumb on setting stud fees - beyond just any successful get on the track you have to factor in what a stud's yearlings bring at the sales. The stud fee is usual set at around 1/3rd of whatever yearlings bring on average at the major sales. If the average is $100K, the fee can be set at around $30K. That allows breeders to make a profit over and above the stud fee they paid for stallion service. With newly retired stallions without a record at the sales, their introductory fee is set at around 1/3rd of what is hoped to be the prices his future yearlings will bring at sales. Best laid plans of mice and men - that doesn't always happen. When it doesn't happen, the fee drops dramatically within a couple of years as nobody will pay a high fee if the yearlings aren't bringing top dollar at the sales.

[@lej6550]

Do they really think people are that stupid about horses?

[@aremedyproject9569]

5:10 She didn’t realise horses graze the grass on the land… That would definitely affect the value of the land, though -- cuz good hay is expensive.

[@josealvarez9123]

The " blue hen " mares are actually more valuable than some stallions, for the simple fact a "blue hen " mare is more rare and can only produce very few foals in her lifetime. Stallions can cover hundreds of mares in it's lifetime and not even come close to the quality of foals a blue hen mare can produce.

[@ijazmohammed588]

Yes like Urban Sea.

[@michellenainkristinabusch1221]

Mares produce about 13 foals in their lives.

[@simontowart6639]

Wow I'd like to know what Arrowfield stud in Australia was worth pre gfc when Redoutes Choice had a service fee of 330k a serve

[@Weisyyy]

Hopefully The Autumn Sun can continue his legacy.

[@walterwhite3417]

Every thoroughbred is a gangsta until Tom Hagen visits you

[@DoubleDogDare54]

It was actually Luca Brasi that sawed off Khartoum's head. Tom was a lawyer and above such things.

[@brightsideequestrian0]

For me… the fact that she didn’t know the at horses eat grass😂😂 like girl they don’t live off of hay that has very little quality of life😂

[@shubhamsbirla4958]

Horse 🐎....power...

[@briaginter4837]

I love horses and I am troubled by the racing industry. The amount of drugs these horses are given to run is awful! They race to young and are given drugs and injections for pain! I wish racing was a cleaner sport!

[@downhomesunset]

In 1982-when Northern Dancer was 21 years old, the Japanese offered $40 million for him. It was turned down.

[@privatemailcall6011]

My first horse, an Appendix Gelding, was Louisiana bred to run. He raced. He was always in the 💸$ with a:: Win, Place or Show. He retired from the track, straight into my life. My heart & soul. He was beautiful. Black. Tall tall & fast faster & fastest. Hott like his Thoroubred Sire, & yet I'm convinced the genes passed to him by his Quarter Horse dam, saved both our lives. Oh Lord! I was saved by his brain & my soft contact. My training & constant education. So, horses off track & retired, can certainly find a rewarding loving caring home & new career. No pulling or threatening. No falling or being thrown. No refusals. No run aways. No bucking. With proper & new training, all can be Copacetic. Happy Horse!!! I was around 14? 15??? Anywho, Im 5'1" @ 100 lbs. I was just his size, lol.

[@hannahwebb4846]

My sister has a 27 year old appendix gelding in the pasture. He is a grandson of Jet Deck who goes back to Man'O War.

[@reidchambers2521]

The amount of foals that are churned out each year, is the reason why so many failed TBs, even one's with impeccable lineage, wind up at meat sales ( often with their lip tattoos burned or cut out- I have personally rescued two horses who had this done) The "lucky," successful ones get to be drugged and beaten until they are "vanned off", also sold to meat sealers or the VERY few who wind up retired, after success at the track ( even then, some won't be cared for unless they are bringing in stud fees.) Look at the NYT's series about racehorses, tracks, deaths, and tax payer money. They did a decent job of scratching the surface of this seedy, cruel world.

[@meganproffitt424]

That’s not how that works.

[@LaikaBeachbird-vv8lu]

Lots of retired ottbs are turned into project horses

[@user-bx7nw1ve6y]

@@LaikaBeachbird-vv8lu Too many horses, not enough homes. Literally thousands are slaughtered each year.

[@user-bx7nw1ve6y]

@@meganproffitt424 Yes it is.

[@meganproffitt424]

@@user-bx7nw1ve6y No.

[@818nooner]

I like the video!

[@piggyman1585]

Goodshow

[@leaf4267]

Why the Forbes Lady reporter's voice is so so down at the end of every sentence. So so annoying

[@bluegas]

She is from California, or she is deeply sad about her salary that Forbes pays her at every sentence.

[@marcusehningvideos5022]

Crazy what a difference there is between horse racing and the other disciplines

[@shineisland7447]

It’s all a horse race

[@ratherbwithhorses]

Love all the disciplines.

[@doubleh2005]

Horse racing is the best show on earth!!!

[@justinweber5234]

Actually broodmares regularly sell for millions and the foals sell , so unless you got a tapit broodmares make the money. Into mischief sires are rare . Swiss skydiver just sold for 4 million and all her foals will sell for millionaires

[@michellenainkristinabusch1221]

Into Mischief sires aren't that rare anymore. Pretty much everywhere, including Japan, where Mischievous Alex is standing stud

[@michellenainkristinabusch1221]

And Tapit isn't the hot stallion anymore. It's Scat Daddy and Gun Runner. Gun Runner is priceless, right now.

[@jamiewilliams970]

But Spendthrift does not OWN all the horses on their farm their selves...so people board their mares and other stock there year round... Whoever did her research isn't very good at it....

[@suzanneyoung8011]

Correct, and some of the stallions are probably syndicated.

[@bermanmo6237]

Most journalists are not experts in the topics that they cover. The tv business journalists are even worse since they don't even do their own research; they hire cheap college interns do it. It could be worse. At least you don't have those idiot ESPN reporters doing this story, who know even less about horses. They all sound like mouthpiece for PETA. Ironically, ESPN used to cover a lot of horse racing. That was their motto, ESPN: The Channel For Horse Racing. Of course, that was when they were a real sports channel. Not a political channel. I guess they are even worse than FOX News. At least I know they are a conservative news channel; they never pretended not to be one. Ironically, the FOX Sports Channel is actually better. At least, they focus on sports. ESPN is a channel that came up with their own sports award show. They even gave Catlin Jenner, formerly Bruce Jenner, an inspiration award because she changed her gender. To each his own. However, I thought a sports award is about sports. At least, how sports affect social change, ex. Jackie Robinson being the first black men allowed to play in Major League Baseball. I think you would find many people would agree that this is a sports event that did affect social change in the United States. Therefore, a truly inspirational event in sports. Not, an athlete getting an operation to get a gender change.

[@michellenainkristinabusch1221]

@@suzanneyoung8011 Most, if not all of their stallions are syndicated.

[@SnidgetAsphodel]

Anyone who has followed the sport for years will tell you what a damn blight Spendthrift is on the breed and the sport itself. They race little, retire young, and don't give said early retired colts much time to make their way at stud before they make room for the next flash in the pan to milk as much quick $$$ as they can. They do little to promote the hardiness and longevity of the breed. And don't get me started on how many mares they make their stallions breed in a single season. How more of them dont drop dead from heart attacks is beyond me. I used to love this sport but more and more I become disgruntled by it and Spendthrift (along with Coolmore and WinStar) are a few reasons among many as to why,

[@michellenainkristinabusch1221]

Hill n Dale is up there with there revolving doors on the stud barn.

[@user-hi1ke5gp6n]

Помните, что лучше всех в колхозе работала лошадь, но председателем она так и не стала.

[@allysoobratty7565]

Kentucky Derby❤

[@forward_ever_ever2595]

Jeez lady

[@seadrifter8975]

Coolmore and darley seem to be the top stud farms worldwide now good video BTW

[@bermanmo6237]

Don't forget Godolphin. They have operations in the United States, Great Britain, France, Japan, and Australia.

[@meganproffitt424]

@@bermanmo6237 Godolphin and Darley are the same entity.

[@bermanmo6237]

Yep

[@mcjason04]

I would add Shadai, even though they are not there yet, they are doing it right.

[@OfficialMuffiin]

@@mcjason04 Shadais rise to the top was acquiring the legendary Sunday Silence.

[@justinjoy1471]

When a horse lives a better life than you, you gotta question your life for a second.

[@michellenainkristinabusch1221]

They've earned it

[@thejeffinvade]

So that horse is worth 100 million, good to know how poor I am.

[@michellenainkristinabusch1221]

Hottest stallion in the world, not only the country

[@devinsullivan3300]

Hey starting a really real go fund me for people's in Mississippi county #Arkansas we hungry cold and homeless

[@marvenburreau]

👏👏

[@messiahsbythesackful6267]

I am normally not so critical, but I'm having a really bad month or so... Report is insulting from the start. I understand that not all consumers of Forbes content are familiar with the thoroughbred industry, but come on, if you have to explain that thoroughbreds are the breed running in the Kentucky Derby, then maybe the intricacies of stud pricing are beyond your target audience. However, what inspired me to rant this early morning is the focus on the immediate model of pricing and number of covers. A thoroughbred who is producing winners should be valued above others, but increasing his covers solely for financial benefit is irresponsible. If your readers are interested in thoroughbreds as short term investments, this may be "good" advice, but over the long haul, it sucks if they want to even watch the Crown in 20 years or so. There aren't that many foals born in the States annually to support this model of only breeding every mare to the best. Genetic diversity and all that. Breeders in the "glory" days of the sport knew this. It is understood that to breed the best, the book has to be limited by breeding only the best to the best. Responsible husbandry may not support the profitably of corporate farms today, but without it, there may not be sound animals to keep the gates open at the tracks down the road.

[@luannrmattes7293]

Awww i want to help save these horses . ? Can i move there ? . I'm really good with horses ?

[@rebecca94503]

Don't worry, they're insured, they don't need your help.

[@drudanng.8567]

They live better than you. Their lifestyle is nothing except luxurious. Your help isn't needed.

[@NathalieLazo]

Incredible person reading this, go after what it is that you want in life! Learn the skills, do whatever it takes! You are capable of anything! I believe in you! ✨ Love - Nat ❤️

[@KL-fo8zt]

Thanks!

[@itsabughunt6310]

In racing horses aren't valued as individuals..but as a source of cash. Period. Every rule for racing is about how young they run them then trash them. Injuries on the track and training are horrific. I've dealt with the discarded horses. They're dangerous and unpredictable. They are robbed of any quality of life as they might hurt themselves. Mares are the other half. Typical of most breeding animals most men value balls over the ability of the mares to carry and improve. Its an all around tragedy. And whoever did the research for this should get tasked with doing a better job.

[@boburwell9921]

But what champions does he have?

[@ratherbfishing455]

Have an educated, informed person do the video. The seems like a fifth grader from a wealthy, private school.

[@bermanmo6237]

The ESPN reporters are even worse.

[@conniewolf7300]

No one should have that much money while so many other people suffer in poverty!

[@DoubleDogDare54]

So, if they worked for it and earned it via smarts and hard work, you want them to cut you a nice check because you aren't as wealthy and deserve to profit off their financial success?

[@bermanmo6237]

That lady sound like the so called Progressives who does think the same way.

[@equine2020]

Your life is what you make it. These wealthy men work 12,-14 hrs a day, even weekends. Don't sit, drink beer watching a ball game. Many started out poor or average. Plus life isn't fair. Enjoy what you have. Or strive to achieve.

[@saifhabib8502]

👍

[@ShyFly1000]

I think it’s a dumb idea to have someone who clearly knows nothing about horses, do a story about horses. Thoroughbreds are a breed. There are a multitude of breeds however a stallion refers to the fact that the horse is male. Any breed of horse if male and reached sexual maturity is a stallion. If they are “neutered” they are called geldings, that process is called gelding. I have wasted more time correct this person then I bothered watching the video. The girl may not be dumb but this script makes her sound dumb. Do her a favor and take it down.

[@bermanmo6237]

She got her job because she is college educated and know how to write. Not necessarily an expert in horse racing. We are not talking about someone who is in the horse racing business. So in other words, typical tv type business reporters, which all sound bias toward particular investments that they probably owned. As for doing research, they probably hired a cheap college intern for that job.

[@larrymansfield9393]

I couldn’t get past the valley girl speak. If a pug could talk, that’s what I think it would sound like.

[@sugaz5435]

I will point out you missed the frozen sperm which is most likely on offer from these places, the stallion doesnt have to physically cover so many mare then, and allows for international breeding without moving horses. But its also sad to see these beautiful creatures talked about as assets and property, and money value, they are living breathing creatures, lets not forget that.

[@rachaelthomas6055]

The Thoroughred's breed registry, the Jockey Club, only allows live cover breeding, so for this type of farm, they do not collect and ship either frozen or cool shipped semen.

[@OfficialMuffiin]

@@rachaelthomas6055 Spendthrift do collect and freeze sperm for quarter horses on certain stallions, Into Mischief being one of them.

[@Dachdogoriginal]

Ridiculous. One ailment and you're whole investment is gone. It is only valued if it is wanted. To me, it is not worth that. To someone else, maybe it is.

[@thorne1239]

Anything only has 'value' if it's wanted. That's how value works. In the case of horses like these, they carry insurance on them, just like any piece of valuable property. When the Stallion Cigar was found to be infertile after retirement, the ownership group got a 25 million dollar payout. The horse industry is a very high risk, very high reward industry.

[@suzanneyoung8011]

@@thorne1239 And I might add for anyone else reading this who is not familiar with this type of stallion fertility insurance, it doesn't mean that the horse is discarded or put down. Cigar lived out his natural life in the Hall of Champions Barn at the Kentucky Horse Park and appeared in their daily shows to the park visitors and fans who got to see him, take pictures and hear of his wonderful winning streak. Cigar was was treated and loved as the Champion and Horse of the Year that he was for the rest of his life.

[@thorne1239]

@@tiffany3652 I'm sorry, but this is a perception, not the truth. While the top echelon of the sport is played by people with too much money buying unproven stock for 6 and 7 figures, that is only a small section of the racing industry. It wouldn't exist at all if profits weren't being made. But those profits are being made by service providers. Mare and foal nursing, sales prep, bloodstock agents, pinhookers. Not people trying to hit home runs and win a derby, but people trying to hit singles and produce good, happy, racing prospects. I know this, because I've done it for fifteen years. And there are hundreds of other operations like me out there.

[@bermanmo6237]

Cigar was a stud on the racetrack. But, a dud at the breeding shed. Yes, the insurance company that insurance his end up taking a $60 million loss due since he was infertile. His owner, Allen Paulson, was known as an owner who took very good care of his horses. In contrast, the Kentucky Derby winner Ferdinand. He ended up being sold to a stud farm in Japan. When he ended being infertile, he was sold to a slaughterhouse in Sweden. Unlike the United States, slaughtering horse for human consumption is not illegal. This is why they now have the Ferdinand clause in every thoroughbred breeding contract This states when a American racehorse is sold to a foreign country for stud, the original owner has the right to buy the horse and bring it back to the United States when the horse is sold to another owner.

[@bermanmo6237]

My dad had a friend who own a couple of gas station. In other words, a small business owner. He owned a couple of bottom level claiming horses. In other words, your typical racehorse owners. The guy never mind any money in the business. Eventually, he sold all his horses and got out. Which is easy with claimers, you just put the horses in a claiming race. Whoever want the horse put in a claim for a specific amount. If the claim is accepted, that person becomes the new owner after the race. A really cheap way to get in race horse ownership. However, the feeding, training, and taking care of these racehorse are not cheap. That is why most racehorse owners end up losing money. So, yes, it really is a hobby for those that they have money.

[@ybs5018]

is there any horse doping?

[@signoresantinoburnett1169]

Not at that farm. Never. Most of the stud farms are clean and run first class operations.

[@montanamountaingarden476]

@Christine R I wouldn’t go so far with that. We can’t assume all his horses are drugged, cause there has been multiple horses in his barn without a positive drug test. If all his horses are drugged, then were are the positive drug tests for Nadal, Authentic, American Pharoah, Dortmund, Vale Dori, Arrogate, Improbable, Collected, West Coast, Game Winner, Roadster, Mor Spirit, Bayern, Game On Dude, Lord Nelson, Paynter, Mucho Gusto, Pioneerof the Nile, Life is Good, Following Sea, etc. There are SO many ppl in the industry who are WAY worse than Baffert. A 16pg overage is NOT the biggest issue in racing, if it was, we’d be lucky, but it’s not. And his drug positives aren’t with PEDs (performance-enhancing drugs) bc they are drugs that ARE allowed to be used in racing id used within the correct withdrawal times before races. Lidocaine is what they give during surgery even PEOPLE are given that, it’s not illegal, it’s a medical drug. And Betamethazone is a corticosteroid that MANY racehorses are given, it just can’t be given two weeks before a race, it’s not performance enhancing (clearly bc Gamine lost the KY Oaks when it was found in her system). Horses in his barn ARE allowed to have NATURAL talent. And also, since being moved from his barn, BOTH, Life Is Good and Following Sea have PROVEN that they have natural talent

[@montanamountaingarden476]

@Christine R No, he hasn’t. Idk where you heard that from but it’s false. That was Jorge Navarro, not Bob Baffert

[@123macks]

Yes there all at it go watch all the shite on it y do u think greyhound racing is banned in most of America it’s a joke just look at Bob baffert Lynda rice they’re all at it take ma word for it

[@montanamountaingarden476]

@@123macks Actually they aren't. Trainers like Bill Mott and Shug McCaughey barely use any raceday medications on their horses. And European-based horses aren't allowed raceday drugs that are allowed in the USA. You can't frame an entire industry for something a few bad apples do

[@josiahallee6071]

The gal in the pink shirt should be fired in my opinion.If you don’t understand basic business theories and principles you should not be a reporter for Forbes.

[@ajmalhussain89]

Can this narrator just talk louder??? Always a turndown when she's narrating

[@charlottecampbell4327]

Something within me rebels at anyone making a profit from -- or taking to auction for sale -- a living animal.

[@montanamountaingarden476]

You sometimes need to auction animals to make a living, if nobody ever auctioned off cattle, horses, sheep, pigs, etc. Then the farm they come from would quickly be shut down bc they’d run out of space for the animals. Sometimes, and I’ll use cattle as an example bc I have cattle, you need to sell cattle for one reason or another (either they’re too old to produce anymore, they aren’t producing quality calves, they develop qualities you don’t like such as ill-temperaments, they don’t get pregnant anymore, they’re infertile (freemartin heifers), they’re steers (castrated bulls) who won’t produce anything for you or further the breed’s gene pool. And by auctioning these animals off (cows, sheep, pigs) you are helping the economy and the rest of the world bc you are providing food and wool for everyone, bc guess what, ALL the food you eat started on a farm and was either grown (plants) or raised (meat, eggs or dairy) to benefit you and your family. My family for example makes profit on selling our wheat, barley, straw and hay as well as selling our calves every year and some older cows. Not EVERY cow that’s sold goes to slaughter either, and they don’t ever go there right away either, young steers are placed into feedlots where they are fed grain and finished up so their meat is better, young heifers are placed in feedlots with other young heifers, either to be sold the next year as open/bred heifers or to be bred and stay on that person’s farm and produce calves for them. Farms can’t keep everything they breed anyways, cause you run into the serious risk of inbreeding, which can cause serious defects in animals, just as it does humans. So selling the ones with many relatives on your farm, not only helps decrease the risk of inbreeding, but helps improve the gene pools of other farms or ranches (especially if those calves have really goos bloodlines)

[@montanamountaingarden476]

@@tiffany3652 Uh… good horses cost anywhere from 1k to over 1 million honestly. I have seen some horses sell for only 1-5k that become champions

[@montanamountaingarden476]

@@tiffany3652 I was talking racehorses.... which this video is about

[@montanamountaingarden476]

@@tiffany3652 And you've CLEARLY never seen a TB auction then if you say TBs don't sell for millions of dollars. Legit look up Keeneland September Yearling sale and LOADS of vids of yearlings selling for over a million dollars will come up

[@montanamountaingarden476]

@@tiffany3652 The TBs you know probably aren’t racehorses, or they’re ex-racers. But again, we are talking about TWO completely different things

[@tresjolieme81]

are horses when they die recycled back in to the environment?

[@DoubleDogDare54]

Not sure what you mean by "recycled". Buried intact? Rarely. Burying a whole horse is big job and against the law in many areas because that much rotting horse can potentially contaminate the local water table if bad stuff seeps down to that level.. Most are "recycled" via rendering, fertilizer, or turned into pet food. A few famous Thoroughbreds may be buried intact, but traditionally it is just their hooves and heart that are buried, the rest of the horse going to other purposes.

[@theylovekat]

I thought you meant just 400 dollars! By the way, horse racing is neglect.

[@MeadowStables]

Quite the opposite but whatever you say

[@gsjarvis6669]

Can't listen to that voice. sounds like a squeaky door hinge

[@lanmech7397]

Please research vocal fry and stop it.

[@mildredgrossman5653]

Greed....................................................!

[@suzanneyoung8011]

It's a business like any other. The presenter only showed one side of it. She didn't mention all of the upkeep of the land, buildings and vehicles, the feed and veterinary expenses for this many horses, plus all of the many employees they have, the benefits to the employees and all of the insurance costs for the horses, employees, land and liability needs. Mr. Hughes invested millions to bring this historic farm back to its former glory and to make it even better. He did it for the love of the horse. He contributed huge amounts of money to racehorse aftercare and retirement organizations as well as to many other charitable causes. He was a great sportsman and ambassador for the sport and for these great Thoroughbred horses.

[@JosueMartinez-ww1vj]

Horses are part of nature, they should be freed to their natural environments, not closed in a place because they are worth this or that!

[@tylermeyer7642]

You realize there is no such thing as a wild horse all Wild horses are Feral animals and basically invasive species in thier current habitats. The wild horse disapeared long ago much like the Aurochs which were the wild animal all cattle decended from.

[@JosueMartinez-ww1vj]

@@tylermeyer7642 ok, they should be then in big backyards eating running freely, where they are not used for human pleasure.

[@signoresantinoburnett1169]

​@@JosueMartinez-ww1vj They do, it's called Paddocks. A paddock is where the stallion gets turned out to every day. Great for them to relax and graze some fresh grass. Or they stretch their legs with their paddock mate and take a stroll around.

[@JosueMartinez-ww1vj]

@@signoresantinoburnett1169 They should be there most of the time, no racing, no people on top of them, etc etc, horses should not be used for anything, its the 21st century everything is mechanized, someone wants to go around here and there use a bicycle a car or walk!

[@ratherbwithhorses]

@Sophia Schommer you can't give logic and fact to deliberately ignorants

[@courtneyday8088]

The host looks like she just rolled out of bed. Jeez, Forbes.. y'all are really declining.

[@anthonyrobinson8900]

Where you here for the reporters looks or the information she was sharing?

[@courtneyday8088]

@@anthonyrobinson8900 Obviously the information. As for the host, this is Forbes we’re talking about. Put some effort into looking like you work for the company.

[@signoresantinoburnett1169]

Nice to degrade someone from behind a computer. Shows you have zero beauty...inside. Which is what counts.

[@courtneyday8088]

@@signoresantinoburnett1169 Quick question, do you show up to your job without looking presentable?

[@bbrcummins1984]

Not all women wear war paint and dress like hookers, its called having class .

[@shineisland7447]

Disgusting

[@faisalabdullahfarhanbba-3010]

Stallions are just another scam