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 c ...

racehorse Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic pr ...

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 inducte ...

, his grandmother

Gladys Mills Phipps Gladys Mills Phipps (June 19, 1883 - October 19, 1970) was a United States socialite, sportsperson, and a thoroughbred racehorse owner and breeder who began the Phipps family dynasty in American horse racing. She was known as the "first lady of ...

owned the renowned

Wheatley Stable Wheatley Stable was the '' nom de course '' for the thoroughbred horse racing partnership formed by Gladys Mills Phipps and her brother, Ogden Livingston Mills. The horses were raised at Claiborne Farm near Paris, Kentucky. History Over the ye ...

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 France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...

Career

Horse racing industry executive

A member of the

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

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 ...

, 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: * C ...

. 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 The Kentucky Derby is a horse race held annually in Louisville, Kentucky, United States, almost always on the first Saturday in May, capping the two-week-long Kentucky Derby Festival. The competition is a Grade I stakes race for three-year ...

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 information ...

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 ...

, 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 A breeder is a person who selectively breeds carefully selected mates, normally of the same breed to sexually reproduce offspring with specific, consistently replicable qualities and characteristics. This might be as a farmer, agriculturalist, ...

. 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 breeders. ...

. 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 recu ...

(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 ...

; * 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 re ...

races including the

Kentucky Oaks The Kentucky Oaks is a Graded stakes race, Grade I stakes race for three-year-old Thoroughbred Filly, fillies staged annually in Louisville, Kentucky, United States. The race currently covers at Churchill Downs; the horses carry . The Kentucky O ...

; *

(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 The Breeders' Cup Distaff is a Weight for Age Thoroughbred horse race for fillies and mares, 3 years old and up. Known as the Breeders' Cup Ladies' Classic between 2008 and 2012, it is held annually at a different racetrack in the United States or ...

, 2008 U.S. Racing Hall of Fame inductee; * Storm Flag Flying (b. 2000) - voted the 2002

American Champion Two-Year-Old Filly The American Champion Two-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 t ...

, won 2002

Breeders' Cup Juvenile Fillies The Breeders' Cup Juvenile Fillies is a -mile thoroughbred horse race on dirt (although the distance has varied, depending on the configuration of the host track) for two-year-old fillies run annually since 1984 at a different racetrack in the Uni ...

; *

Pleasant Home Pleasant Home, also known as the John Farson House, is a historic home located in the Chicago suburb of Oak Park, Illinois, United States. The large, Prairie style mansion was designed by architect George Washington Maher and completed in 1897. ...

(b. 2001) - won 2005

; *

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

."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

winner and

. 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 The National Museum of Racing and Hall of Fame was founded in 1950 in Saratoga Springs, New York, to honor the achievements of American Thoroughbred race horses, jockeys, and trainers. In 1955, the museum moved to its current location on Union Av ...

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