Penny Chenery Net Worth: Where is Penny Chenery Buried?

Penny Chenery Net Worth - Chenery was born Rosemary Chenery in 1938 in Lexington, Kentucky. The daughter of a horse breeder, she was interested in horses from an early age and took care of her father’s horses after school and during summers. At age 16, Chenery earned the money to buy her first Thoroughbred horse with her own savings. After graduating from high school, she attended the University of Kentucky and graduated with a degree in English and history in 1959, at which point she joined the family business full-time.

Penny Chenery Wikipedia

horsewoman and breeder earned almost universal acclaim for her successful management of legendary racehorse Secretariat who, in 1973, set a Triple Crown record for the fastest time in both the Kentucky Derby and Belmont Stakes (1:59 2/5). 

He remains one of only two horses to achieve that feat. In so doing he became only the fourth American Triple Crown winner. As of 2011, Secretariat still holds world records for both Track-at-1 1/4 mile and at 1 1/2 miles. 

Net Worth: $500 Million Penny Chenery was born on June 3rd, 1938 in Washington D.C. Her father Jack R. Chenery was a wealthy banker; her mother Louise Allen worked as an interior decorator before marrying Jack.

Where is Penny Chenery buried

Penny Chenery Professional Background

Penny Chenery (nee Tweedy) was born in 1937 in New York City but spent most of her childhood growing up on a farm in Virginia. She was raised by her mother, who died when Penny was just ten years old. 

When she was eighteen years old, she got married and had two children: William and Michael Mike Tweedy (who would eventually become CEO of Keeneland racecourse). 

In 1978, Penny inherited Meadow Stables from her father. She later renamed it Darby Dan Farm. During her career at Darby Dan Farm, Penny has bred over 120 horses which have raced and sold for well over $150 million at auction.

Penny Chenery Early Life

Born in 1937, Penny Chenery was born into a world of horse racing. Her father, Christopher Chenery, was a notable horse breeder who co-founded Meadow Stable with Samuel D. Riddle. 

She grew up surrounded by horses and was a champion equestrian rider during her teenage years; she even went on to win several championships at Madison Square Garden and become a member of Long Island's Adelphi Academy's jumping team. 

While in college at Goucher College, she rode competitively as an undergraduate, but left shortly after to marry Warren Dusty Whitney on July 12th, 1955; they had two children together.

Penny Chenery Personal Life

Penny Chenery (born July 12, 1929) is an American equestrian and philanthropist. She was born in Lexington, Kentucky, and has five children with her late husband Ben A. Walden. 

Her horses earned more than $1 million for themselves and $3.7 million for her. In 1997, she became a trustee of John Galt III’s thoroughbred racing operation, which was later renamed Gainesway Farm. 

When she found out that NetJets founder Richard Santulli had been selling shares in his private jet company to finance his racing stable, she approached him about buying stakes in some of her best colts; he agreed on the condition that he could become a partner if any of them won big races.

Penny Chenery Young

Penny Chenery’s husband, John, died in 1990. John took over as chairman of racing operation after his father’s death, but he didn’t enjoy it as much and stepped down in 1982. 

Penny became chairwoman after her husband died and remained chairman until 2002. She continues to serve on racing boards today.

Penny Chenery Children

Living a Millionaire Lifestyle Even if you haven’t heard of Penny Chenery, you know her. You’ve seen her at race tracks across America; her face smiling at you from under a cap and pair of dark sunglasses. 

If it weren’t for Mrs. Chenery, Thoroughbred racing in America wouldn’t be what it is today. Today, she’s worth an estimated $250 million dollars which she earned through a mixture of astute horse breeding, investment opportunities, and savvy financial planning decisions. 

With children also involved in horse racing (her son serves as chairman of The Meadow Stables) we thought it would be interesting to learn more about Mrs. Chenery, and her family...

Where is Penny Chenery Buried

Penny lived a life full of loss and hardship. Sadly, she passed away at her home in Virginia on Oct. 13, 2013, after battling leukemia for several years. 

Although her children say she was always smiling and easy to be around, they admit that losing loved ones became too much for her to bear throughout her later years. 

Despite all of her hardships, though, Penny still managed to leave behind a vast fortune valued at $200 million thanks to one very famous horse: Secretariat. 

In fact, only one person will ever hold more money than Penny: Oprah Winfrey -- who has a net worth of $2.9 billion as of 2019, according to Forbes. But that's enough about Oprah -- let's get back to Penny!

Did Penny Chenery Ever Sell Secretariat

Did Penny Chenery ever sell Secretariat

Yes, there was one final deal: In November 1975, she agreed to sell Secretariat for $1.55 million to an Argentinian racehorse owner named Jose Strub, who wanted him so he could bring thoroughbred racing back to Argentina after it had been banned. 

But before Strub took ownership of Secretariat, Chenery stipulated that he should be retired as a stud in Kentucky and not shipped overseas. I didn't want him used just for breeding purposes, she told Sports Illustrated in 1990. 

That agreement was held and when Secretariat died at age 19 in 1989, he was buried at Claiborne Farm's cemetery near Paris; his body still lies there today in a marble tomb engraved with his name, year of birth, and death.

What was Secretariat Worth?

In 1973, Secretariat won a Triple Crown and became one of the most beloved horses in history. The thoroughbred was born in 1970, and before his life came to an end after just three years on Earth, he made more than $3 million for his owner, Penny Chenery. 

In fact, that record still stands today as one of the top horse earners ever. However, with all her wealth and fame from owning such a champion horse, what happened to Penny Chenery's net worth? How did she make her fortune? Learn more about her estimated wealth here.

How Much is Penny Chenery Net Worth

$1.5 billion: Chenery was born in 1933 and spent much of her childhood on horse farms in Virginia and Maryland. After college, she took a job as a flight attendant to help fund her passion for horse racing, eventually becoming CEO of Bel-Air farm. 

Today, she serves as chairman of Calumet Farm and had handpicked 2015 Triple Crown winner American Pharoah. The source of Penny’s fortune comes from years of dedicated work running Calumet Farm with her late husband Cornelius Vanderbilt Sonny Whitney II (who passed away in 2006). 

In 2014, she received thoroughbred racing’s highest honor when she was inducted into racing’s Hall of Fame.

What Happened to The Chenery Farm?

The Chenery Farm, located in Midway, Virginia, was once a flourishing horse farm until it eventually fell into disrepair. In 1992, Penny Chenery’s husband died and she took over operations at The Chenery Farm. 

After years of working to re-establish The Chenery Farm as one of the most prestigious thoroughbred farms in America, she turned over operation to her son upon his retirement from Woodbine Entertainment Group in 1998. Ms. Net Worth also discovered some details about Ms.

Awards & Achievements

In 1973, Penny Chenery became one of only three women to have ever won horse racing's Triple Crown when her horse, Secretariat, won that year's Kentucky Derby and went on to win both The Preakness Stakes and Belmont Stakes. 

At a time when most successful owners were men, Penny Chenery became a force in thoroughbred horse racing. However, it was not always like that for Penny Chenery; she had to break many gender barriers just to be allowed into the horse racing business. 

But she believed in herself and despite all odds managed to become one of history's most successful female entrepreneurs.

Money, Net Worth and Salary 2017

A single mother of three, Penny Chenery took over her father’s Thoroughbred farm in 1966. She dedicated herself to managing it as well as its racing stable—and became one of America’s most successful racehorse owners, known today as the First Lady of Racing. 

What makes her net worth so significant is that she did it without personal investment: Her wealth came entirely from revenue generated by the Secretariat’s earnings at races and sales of his offspring (more than $6 million). Net Worth: $10 Million (As Of May 2017)

How Much did Penny Chenery Make from Secretariat?

Penny Chenery made over $7 million from her horse, Secretariat. The retired schoolteacher purchased a yearling named Big Red for just $2,500 in 1968. Although Penny spent most of her life teaching at Hollins University in Virginia, she was an avid horsewoman and watched Big Red grow into one of racing’s all-time greats. Tragically, Penny passed away shortly after Secretariat’s death but left behind a legacy for women everywhere to achieve their dreams.

Previous Post Next Post

Contact Form