Ogden Mills "Dinny" Phipps (September 18, 1940 – April 6, 2016) was an American
financier
An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...
,
Thoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word ''thoroughbred'' is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed. Thoroughbreds are ...
racehorse industry executive, and
horse breeder
Horse breeding is reproduction in horses, and particularly the human-directed process of selective breeding of animals, particularly purebred horses of a given breed. Planned matings can be used to produce specifically desired characteristics in ...
. Widely known by the nickname "Dinny," he was chairman of the family's
Bessemer Trust
Bessemer Trust is a private, independent multi-family office that oversees more than $140 billion for over 2,500 families, foundations and endowments. Founded in 1907, the firm has its headquarters in New York City, with 19 regional offices elsew ...
until retiring in 1994, and served as its vice chairman.
Early life
The son of major Thoroughbred breeder
Ogden Phipps
Ogden Phipps (November 26, 1908 – April 21, 2002) was an American stockbroker, court tennis champion and Hall of Fame member, thoroughbred horse racing executive and owner/breeder, and an art collector and philanthropist. In 2001, he was induc ...
, his grandmother
Gladys Mills Phipps
Gladys Mills Phipps (June 19, 1883 - October 19, 1970) was a United States socialite, sportsperson, and a thoroughbred horse racing, racehorse owner and horse breeding, breeder who began the Phipps family dynasty in American horse racing. She was ...
owned the renowned
Wheatley Stable and his great-grandfather
Ogden Mills who was involved with Thoroughbreds starting at the end of the 19th century, owned racing stables in the United States and was a partner with
Lord Derby
Edward George Geoffrey Smith-Stanley, 14th Earl of Derby, (29 March 1799 – 23 October 1869, known before 1834 as Edward Stanley, and from 1834 to 1851 as Lord Stanley) was a British statesman, three-time Prime Minister of the United Kingdom ...
in a racing stable in
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area ...
.
Career
Horse racing industry executive
A member of the
board of directors and a past chairman of
The Jockey Club
The Jockey Club is the breed registry for Thoroughbred horses in the United States and Canada. It is dedicated to the improvement of Thoroughbred breeding and racing and fulfills that mandate by serving many segments of the industry through its s ...
and of the
New York Racing Association
The New York Racing Association, Inc. (NYRA) is the not-for-profit corporation that operates the three largest Thoroughbred horse racing tracks in the state of New York, United States: Aqueduct Racetrack in South Ozone Park, Queens; Belmont Park i ...
, Phipps was a member of the
Jockey Club of Canada The Jockey Club of Canada was formed in 1973 to oversee thoroughbred horse racing in Canada. Based in Toronto, Ontario, the club is responsible for the annual Sovereign Awards program and the Canadian Graded Stakes Committee.
Founding members:
* ...
. He also served on the board of
Breeders' Cup Limited and the
National Thoroughbred Racing Association
The National Thoroughbred Racing Association (NTRA) is a broad-based coalition of American horse racing interests consisting of leading thoroughbred racetracks, owners, breeders, trainers and affiliated horse racing associations, charged with incr ...
and, with his cousin Stuart S. Janney III, co-owned
Orb, the 2013
Kentucky Derby winner.
Thoroughbred racing
Like their father and grandmother before them, Dinny Phipps and his sister Cynthia had a long working relationship with the Hancock family's
Claiborne breeding farm near
Paris, Kentucky
Paris is a home rule-class city in Bourbon County, Kentucky. It lies northeast of Lexington on the Stoner Fork of the Licking River. Paris is the seat of its county and forms part of the Lexington–Fayette Metropolitan Statistical Area. As ...
. In 1995, Dinny Phipps's great filly
Inside Information
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider informatio ...
won the
Molly Pitcher Handicap, following his sister Cynthia who won it in 1992 with
Versailles Treaty
The Treaty of Versailles (french: Traité de Versailles; german: Versailler Vertrag, ) was the most important of the peace treaties of World War I. It ended the state of war between Germany and the Allied Powers. It was signed on 28 June 19 ...
, and his father Ogden who had also won it in 1988 with
Personal Ensign
Personal Ensign (April 27, 1984 – April 8, 2010) was a champion Thoroughbred racehorse who retired undefeated with 13 wins. At the time, this was the longest win streak for a horse at the elite level of American racing in 80 years. Her come ...
.
Dinny Phipps and his father were two of the subjects in the 2003 book ''
Legacies of the Turf: A Century of Great Thoroughbred Breeders'' by race historian
Edward L. Bowen that chronicled the history of Thoroughbred racing's most influential
breeders. In 1978 Dinny Phipps received the
Eclipse Award of Merit
The Eclipse Award of Merit is part of the American Eclipse Awards in Thoroughbred horse racing. The industry's highest honor, it is presented to an individual or entity displaying outstanding lifetime achievement in, and service to, the Thoroughbre ...
, the horse racing industry's highest honor, plus he was voted the New York Turf Writers Award as "The Man Who Did the Most for Racing." In 2002, Phipps received the Industry Service Award from the
Thoroughbred Owners and Breeders Association {{short description, Organization for Thoroughbred racehorse owners and breeders
The American Thoroughbred Owners and Breeders Association (TOBA) based in Lexington, Kentucky is a trade organization for Thoroughbred racehorse owners and breeder ...
.
Among the many successful horses raced by Dinny Phipps were:
*
Rhythm
Rhythm (from Greek , ''rhythmos'', "any regular recurring motion, symmetry") generally means a " movement marked by the regulated succession of strong and weak elements, or of opposite or different conditions". This general meaning of regular re ...
(b. 1987) - 1989
American Champion Two-Year-Old Colt The American Champion Two-Year-Old Male Horse is an American Thoroughbred horse racing honor awarded annually in Thoroughbred flat racing. It became part of the Eclipse Awards program in 1971.
The award originated in 1936 when the '' Daily Racing F ...
, won 1989
Breeders' Cup Juvenile
The Breeders' Cup Juvenile is a Thoroughbred horse race for 2-year-old colts and geldings raced on dirt. It is held annually in late October or early November at a different racetrack in the United States or Canada as part of the Breeders' Cup W ...
;
*
Dispute (b. 1990) - a winner of four
Grade 1
First grade (also called Grade One, called '' Year 2'' in England or Primary 2 in Scotland) is the first grade in elementary school and the first school year after kindergarten. Children are usually 6–7 years old in this grade.
Examples by ...
races including the
Kentucky Oaks
The Kentucky Oaks is a Grade I stakes race for three-year-old Thoroughbred fillies staged annually in Louisville, Kentucky, United States. The race currently covers at Churchill Downs; the horses carry . The Kentucky Oaks is held on the Friday ...
;
*
Inside Information
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider informatio ...
(b. 1991) - 1995
American Champion Older Female Horse The Eclipse Award for Champion Older Dirt Female Horse is an American Thoroughbred horse racing honor awarded annually to a filly or mare, four years old and up, for performances on dirt and main track racing surfaces. In 1971, it became part of the ...
, won 1995
Breeders' Cup Distaff, 2008
U.S. Racing Hall of Fame inductee;
*
Storm Flag Flying (b. 2000) - voted the 2002
American Champion Two-Year-Old Filly, won 2002
Breeders' Cup Juvenile Fillies;
*
Pleasant Home (b. 2001) - won 2005
Breeders' Cup Distaff;
*
Smuggler
Smuggling is the illegal transportation of objects, substances, information or people, such as out of a house or buildings, into a prison, or across an international border, in violation of applicable laws or other regulations.
There are various ...
(b. 2002) - voted the 2005
American Champion Three-Year-Old Filly The American Champion Three-Year-Old Filly is an American Thoroughbred horse racing honor awarded annually to a female horse in Thoroughbred flat racing. It became part of the Eclipse Awards program in 1971.
The award originated in 1936 when both ...
.
*
Orb (b. 2010) - won 2013
Kentucky Derby.
"Phipps, Janney Families Bask in First Derby Win", ''New York Times'', May 4, 2013
In partnership with William S. Farish III, Dinny Phipps bred Storm Song, the 1996 Breeders' Cup Juvenile Fillies winner and American Champion Two-Year-Old Filly. In England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...
, Dinny Phipps' horse, Posse, won the 1980 G1 Sussex Stakes
The Sussex Stakes is a Group 1 flat horse race in Great Britain open to horses aged three years or older. It is run at Goodwood over a distance of 1 mile (1,609 metres), and ...
and G2 St. James's Palace Stakes and went on to sire Group 1 winners.
In 2017, he was inducted into the National Museum of Racing and Hall of Fame as a Pillar of the Turf.
Personal life
Phipps had six children and 24 grandchildren, including five-year-old namesake Ogden Phipps. His wife's name is Ande, the mother of four of the Phipps children.
References
External links
Ogden Mills Phipps at the NTRA
November 2, 2002 ''Thoroughbred Times'' article on the Phipps family in racing
Profile of Ogden Mills Phipps at Breeders' Cup Limited
{{DEFAULTSORT:Phipps, Odgen Mills
1940 births
2016 deaths
Yale University alumni
American financiers
American racehorse owners and breeders
New York Racing Association executives
Breeders' Cup
Businesspeople from New York City
Livingston family
Phipps family
New York (state) Republicans
Florida Republicans
Owners of Kentucky Derby winners