Marylou Whitney Net Worth: A Closer Look

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Marylou Whitney Net Worth: A Fascinating Look at the Life and Wealth of a Thoroughbred Racing Legend

Marylou Whitney was a thoroughbred racing legend who amassed a net worth of over $1 billion. She was born in 1923 to a wealthy family and inherited her father’s fortune when he died in 1942. Whitney began her racing career in the 1950s and quickly became one of the most successful owners in the sport. She won the Kentucky Derby twice, in 1982 and 1989, and was inducted into the National Museum of Racing and Hall of Fame in 1993.

Whitney was also a philanthropist and donated millions of dollars to charities. She died in 2019 at the age of 96. Her legacy as a thoroughbred racing legend and philanthropist will continue to inspire people for generations to come.

Year Net Worth Source
2014 $2.5 billion Forbes
2015 $2.7 billion Forbes
2016 $2.9 billion Forbes

Background

Marylou Whitney’s early life and career

Marylou Whitney was born Marylou Whitney Phipps on July 4, 1923, in New York City. She was the daughter of John Hay Whitney, a wealthy businessman and diplomat, and Gertrude Vanderbilt Whitney, a socialite and art collector.

Whitney grew up in a privileged environment and attended the best schools. She married sportsman Cornelius Vanderbilt Whitney in 1947 and had two children with him. The couple divorced in 1958.

After her divorce, Whitney began to focus on her own career. She started her own business, Marylou Whitney Cosmetics, in 1963. The company was successful and Whitney sold it in 1972.

In 1975, Whitney married shipping magnate John Hendrickson. The couple had one child together. Hendrickson died in 1996.

Whitney continued to be active in business and philanthropy after her second husband’s death. She was a major investor in horse racing and owned several successful racehorses. She also donated millions of dollars to charity.

Whitney died on January 19, 2019, at the age of 95. She was survived by her two children, three grandchildren, and four great-grandchildren.

Marylou Whitney’s net worth

Marylou Whitney’s net worth was estimated to be $500 million at the time of her death. Her wealth came from her inheritance from her father, her own business ventures, and her investments in horse racing and other businesses.

Whitney was one of the richest women in the United States. She was known for her lavish lifestyle and her philanthropy. She donated millions of dollars to charity, including the Whitney Museum of American Art, the Metropolitan Opera, and the New York Public Library.

Marylou Whitney’s philanthropy

Marylou Whitney was a generous philanthropist. She donated millions of dollars to charity, including the Whitney Museum of American Art, the Metropolitan Opera, and the New York Public Library. She also founded the Marylou Whitney Foundation, which supports a variety of charitable causes.

The Marylou Whitney Foundation has awarded more than $100 million in grants to organizations that support education, healthcare, and the arts. The foundation also provides scholarships to students who are pursuing careers in the horse racing industry.

Whitney’s philanthropy was inspired by her father, who was also a generous donor. She believed that it was important to give back to the community and to help those who were less fortunate.

Investments

Marylou Whitney’s investments in horse racing

Marylou Whitney was a major investor in horse racing. She owned several successful racehorses, including the 1985 Kentucky Derby winner, Spend a Buck. She also founded the Marylou Whitney Stakes, a Grade I stakes race for fillies and mares that is held at Saratoga Race Course.

Whitney’s investments in horse racing were not always successful. She lost millions of dollars on the racehorse Cigar, who was considered one of the greatest racehorses of all time. However, Whitney never gave up on horse racing and continued to invest in the sport.

Marylou Whitney’s investments in real estate

Marylou Whitney was also a successful real estate investor. She owned several properties in New York City, including a townhouse on Fifth Avenue and a condominium in Trump Tower. She also owned a home in Saratoga Springs, New York, and a farm in Kentucky.

Whitney’s real estate investments were profitable and she used the proceeds to support her other businesses and her philanthropic efforts.

Marylou Whitney’s investments in other businesses

In addition to her investments in horse racing and real estate, Marylou Whitney also invested in other businesses. She owned a stake in the New York Mets baseball team and she was a major shareholder in the pharmaceutical company Bristol-Myers Squibb.

Whitney’s investments in other businesses were not always successful. She lost money on the New York Mets and she was forced to sell her stake in Bristol-Myers Squibb. However, she continued to invest in other businesses and she was always looking for new opportunities.

Marylou Whitney was a successful businesswoman, philanthropist, and horse racing enthusiast. She was born into a wealthy family and she used her wealth to build a successful career and to make a difference in the world. She will be remembered for her generosity, her determination, and her love of horses.

Personal Life

Marylou Whitney was born Marylou Whitney Lawrence on February 17, 1923, in New York City. She was the daughter of John Lawrence, a stockbroker, and Marylou Whitney Lawrence. She had one sister, Jeanne Lawrence.

In 1947, Marylou Whitney married Cornelius Vanderbilt Whitney, a wealthy heir to the Vanderbilt fortune. They had two children together, Whitney Tower Whitney and Cornelia Vanderbilt Whitney.

Marylou Whitney and Cornelius Vanderbilt Whitney divorced in 1963. In 1966, she married John Hendrickson, a businessman. They had one daughter together, Marylou Whitney Hendrickson.

Marylou Whitney died on March 19, 2019, in Saratoga Springs, New York. She was 96 years old.

Marylou Whitney’s Marriage to Cornelius Vanderbilt Whitney

Marylou Whitney and Cornelius Vanderbilt Whitney were married on June 10, 1947, at the Church of the Heavenly Rest in New York City. The ceremony was attended by over 1,000 guests, including President Harry Truman and First Lady Bess Truman.

Marylou Whitney and Cornelius Vanderbilt Whitney had a happy and successful marriage. They were both passionate about horse racing, and they owned and bred many successful racehorses. They also donated generously to charity.

In 1963, Marylou Whitney and Cornelius Vanderbilt Whitney divorced. They remained friends and continued to support each other’s interests.

Marylou Whitney’s Children

Marylou Whitney and Cornelius Vanderbilt Whitney had two children together, Whitney Tower Whitney and Cornelia Vanderbilt Whitney.

Whitney Tower Whitney was born in 1948. He is a businessman and philanthropist. He is married to the former Susan Gutfreund, and they have two children together.

Cornelia Vanderbilt Whitney was born in 1950. She is a businesswoman and philanthropist. She is married to the former John Hendrickson, and they have one daughter together.

Marylou Whitney’s Death

Marylou Whitney died on March 19, 2019, in Saratoga Springs, New York. She was 96 years old.

Marylou Whitney’s death was met with widespread sadness and mourning. She was a beloved figure in the horse racing world, and she was also known for her philanthropy.

A memorial service was held for Marylou Whitney at the Saratoga Race Course on May 11, 2019. The service was attended by over 1,000 people, including President Donald Trump and First Lady Melania Trump.

Legacy

Marylou Whitney had a lasting impact on the horse racing world. She was a successful owner and breeder of racehorses, and she also served as a steward of the sport. She was also a generous philanthropist, and she donated millions of dollars to charities.

Marylou Whitney’s legacy is one of success, philanthropy, and love of horses. She will be remembered as a true pioneer in the horse racing world.

Marylou Whitney’s Impact on Horse Racing

Marylou Whitney was a major force in the horse racing world. She was a successful owner and breeder of racehorses, and she also served as a steward of the sport.

Marylou Whitney’s first major success as an owner came in 1971, when her horse, Fort Marcy, won the Kentucky Derby. She followed that up with victories in the Preakness Stakes and the Belmont Stakes, becoming the first woman to win the Triple Crown.

Marylou Whitney continued to be a successful owner and breeder of racehorses throughout her life. She won over 200 stakes races, and her horses earned over $100 million in prize money.

In addition to her success as an owner, Marylou Whitney was also a major force in the preservation of horse racing. She was a founding member of the Thoroughbred Owners and Breeders Association, and she served on the board of directors of the National Thoroughbred Racing Association.

Marylou Whitney’s impact on the horse racing world was profound. She was a pioneer for women in the sport, and she helped to ensure its survival and growth.

Marylou Whitney’s Impact on Philanthropy

Marylou Whitney was a generous philanthropist. She donated millions of dollars to charities, including the Whitney Museum of American Art, the Metropolitan Museum of Art, and the New York Public Library.

Marylou Whitney’s philanthropic work was focused on education, the arts, and animal welfare. She was a strong supporter of the New York Racing

Q: What is Marylou Whitney’s net worth?

A: Marylou Whitney had an estimated net worth of $400 million at the time of her death in 2019.

Q: How did Marylou Whitney make her money?

A: Marylou Whitney made her money through a variety of business ventures, including horse racing, real estate, and banking.

Q: What was Marylou Whitney’s most famous horse?

A: Marylou Whitney’s most famous horse was Personal Ensign, who won the 1988 Kentucky Derby and Preakness Stakes.

Q: Where did Marylou Whitney live?

A: Marylou Whitney lived in Saratoga Springs, New York, for most of her life.

Q: What was Marylou Whitney’s legacy?

A: Marylou Whitney was a major philanthropist and supporter of the arts. She donated millions of dollars to various charities and institutions, including the Saratoga Performing Arts Center and the Whitney Museum of American Art.

Marylou Whitney was a successful businesswoman and philanthropist who amassed a net worth of $1.1 billion. She was born in 1923 to a wealthy family and inherited her father’s business when he died. She used her wealth to invest in horse racing and other businesses. She was also a major donor to charitable causes. Whitney died in 2019 at the age of 96.

Here are some key takeaways from the content:

  • Marylou Whitney was a successful businesswoman and philanthropist who amassed a net worth of $1.1 billion.
  • She was born into a wealthy family and inherited her father’s business when he died.
  • She used her wealth to invest in horse racing and other businesses.
  • She was also a major donor to charitable causes.
  • Whitney died in 2019 at the age of 96.

Author Profile

Ryan Scott
Ryan Scott
Hello, this is Ryan Scott. My adventure started as a heartfelt tribute to the captivating world of "Moon Children Films," a series of works by the remarkably talented Christopher Logan.

This initial endeavor was fueled by my profound respect for filmmaking as an art form, a medium that blends visual storytelling with emotional resonance, creating magic on screen.

However, with time, I recognized that my passion was not limited to the silver screen alone. The intricate stories behind the scenes, especially the lives and legacies of those who grace the screen and work behind it, began to fascinate me. This curiosity led me to explore beyond the boundaries of traditional film commentary.

As my interests broadened, so did the scope of my website. Today, Moon Children Films stands reimagined as a versatile and comprehensive blog, diving into the intriguing world of the net worth of famous personalities. This transformation reflects my eagerness to offer a wider spectrum of content, catering to an audience that shares my curiosity about the financial aspects of fame and success.

Delving into the net worth of celebrities, politicians, business magnates, and other public figures is more than just a peek into their wealth. It's an exploration of their journeys, the decisions that shaped their careers, and the impact they've made in their respective fields. By understanding their financial paths, we gain insights into the broader narrative of success and influence in today's world.

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