Horseracing is an expensive sport.
So it’s no surprise that among the crowd cheering on 20 thoroughbred horses during the Kentucky Derby’s main race at Churchill Downs Racetrack on Saturday are at least eight billionaires.
The annual event has once again descended upon Louisville, bringing with it a blur of pastel outfits, flamboyant hats, and mint juleps. The annual event, entering its 152nd year, is the pinnacle of American horse racing and draws competitors from around the world.
Horse racing often involves spending millions of dollars at horse auctions, as well as money for training fees, transportation costs, veterinary care, jockey payments, and other expenses. Plus, entering the Kentucky Derby alone can cost about $50,000.
That’s why the sport tends to attract the billionaire class.
Here are the eight billionaire owners who have their eyes set on the $3.1 million top prize, the gold trophy, and — of course — bragging rights at this year’s race.
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