August Belmont IV
August Belmont IV | |
|---|---|
| Born | Template:Birth date United States |
| Died | July 10, 1995 (aged 86) |
| Occupation(s) | Investment banker, racehorse owner |
| Known for | Owner of thoroughbred racehorses, chairman of The Jockey Club |
August Belmont IV (December 30, 1908 – July 10, 1995) was an American investment banker and owner of thoroughbred racehorses.
Biography
A descendant of a prominent banking and racing family, Belmont was the son of August Belmont III and Alice W. de Goicouria. At the age of nineteen, he inherited Belcourt Castle located in Newport, Rhode Island from his uncle Oliver Belmont, but soon passed it on to another uncle, Perry Belmont. After completing his education at Harvard University, he embarked on his financial career in 1931 with the securities firm Bonbright & Co., dedicating his professional life to finance. In the late 1940s, through the invitation of his close associate C. Douglas Dillon, he joined Dillon, Read & Co., eventually ascending to the role of partner and serving as president from 1962 until his retirement in 1971.
In 1931, Belmont married Elizabeth Lee Saltonstall from Boston, and together they had four children before their divorce in 1946. He later wed Louise Vietor Winston. In 1982, he took on the role of chairman at The Jockey Club, an influential institution within American horse racing.
Following his retirement from the banking sector, Belmont resided in Syosset, New York, before relocating to Easton, Maryland, where he passed away at eighty-six years old in 1995.
Racing
Continuing the family's tradition in horse racing ownership, August Belmont IV was less active than his grandfather, August Belmont Jr., who established Belmont Park, and his great-grandfather, August Belmont, for whom the Belmont Stakes—the final event of the U.S. Triple Crown—is named. Among the successful stakes horses he owned alone or in partnership were Dew Line, Heed, Quadratic, and Caveat, with whom he secured victory in the 1983 Belmont Stakes.