Who owns Spendthrift Farm LLC?
Wayne Hughes topped Forbes’ 2015 list of the richest individuals in the state of Kentucky. The 82-year-old owner of Lexington-based Spendthrift Farm, Hughes made his fortune in the self-storage business with a company called Public Storage, which boasts 2,200 locations across the world.
Who owns Spendthrift Farm Australia?
“This has been a very difficult decision for us. We have a wonderful team in Australia and will be working closely with them to help make this as smooth a transition for them as possible,” said Eric Gustavson, owner of Spendthrift and son-in-law of Hughes.
Who is Wayne Hughes?
2021 Billionaires Net Worth B. Wayne Hughes, who cofounded self-storage company Public Storage in 1972, built a fortune storing Americans’ excess stuff; he died in August 2021. In 2011 he formed American Homes 4 Rent, a publicly-traded REIT that owns and rents out nearly 53,000 single-family homes across 22 states.
Why does spendthrift mean what it does?
A spendthrift (also profligate or prodigal) is someone who is extravagant and recklessly wasteful with money, often to a point where the spending climbs well beyond his or her means.
How much is Authentic the horse worth?
Authentic was the fourth foal out of Flawless and her third winner. In September 2018 when he was a yearling, Authentic was consigned to the Keeneland Sales and was bought for $350,000 by representatives of SF Bloodstock and Starlight West.
How much does a spendthrift horse cost?
Spendthrift has a reputation as being friendly to breeders, offering 24 stallions headlined by North America’s 2019 leading sire, Into Mischief, who stands for US$175,000. More than half the US stallions are listed at US$10,000 or less, allowing the farm to accommodate all facets of the market.
What happened to Spendthrift Farm?
But in 2015 B. Wayne Hughes’ Kentucky-based Spendthrift Farm purchased the property to expand their global breeding and racing footprint. Spendthrift has a reputation as being friendly to breeders, offering 24 stallions headlined by North America’s 2019 leading sire, Into Mischief, who stands for US$175,000.
How much does a horse stallion cost?
More than half the US stallions are listed at US$10,000 or less, allowing the farm to accommodate all facets of the market. Garry Cuddy was appointed general manager of the Australian operation, with his hands-on approach suiting the development of the local business.