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Ogden Phipps
American businessman

Ogden Phipps

The basics

Quick Facts

Intro
American businessman
Gender
Male
Place of birth
New York City, USA
Place of death
West Palm Beach, USA
Age
93 years
Residence
Old Westbury, USA
Education
Harvard University
The details (from wikipedia)

Biography

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 inducted into the International Court Tennis Hall of Fame.

Background

Ogden Phipps was born in New York City on November 26, 1908, the son of Henry Carnegie Phipps and Gladys Livingston Mills.He was named for his mother's brother, Ogden L. Mills.His grandfather Henry Phipps was a major philanthropist who had amassed a fortune as the second largest shareholder in the Carnegie Steel Company. Educated at Harvard University, Ogden Phipps became a champion court tennis player, capturing the U.S. championship seven times and the British championship once.

During World War II, Ogden Phipps served with the United States Navy. After the war he became a partner in the prominent brokerage firm, Smith Barney & Co. then used his training to head up Bessemer Securities Corporation, a private holding company that managed the fortune left to Phipps family members by their grandfather.

Career

Thoroughbred racing

His mother and uncle loved Thoroughbred horses and formed Wheatley Stable in 1926 as a partnership that successfully raced and bred Thoroughbreds. Influenced by his mother, Ogden Phipps first registered his own black with cherry cap racing silks in 1932.

After World War II, Ogden Phipps bought a group of horses from the estate of Colonel Edward R. Bradley that formed the basis for what would become his major horse racing operation. Like his family's Wheatley Stable, Phipps too would use Claiborne Farm in Paris, Kentucky, for breeding and developing of his horses. In 1959 he became a founding member of the New York Racing Association and a member of its board of trustees. Approaching his 80th birthday, he resigned in 1988 and was named a director emeritus. He also served as a chairman of The Jockey Club for twenty years and at the time of his death was the club's longest reigning member.

Ogden Phipps owned and bred Reviewer, who sired Ruffian for his sister, Barbara Phipps Janney. He inherited the stallion Bold Ruler from his mother's estate, who was mated with the mare Somethingroyal in 1969. Through the toss of a coin, Penny Chenery, onbehalf of her father Christopher Chenery, got the red chestnut colt Secretariat, the 1973 Triple Crown Winner.

Ogden Phipps bred nine champions of his own, winning Eclipse Awards for both leading owner and leading breeder in 1988. His most famous horses include Buckpasser, Personal Ensign, and Easy Goer, all of whom are in the United States Racing Hall of Fame.He never won the Kentucky Derby but came close twice, finishing second with Dapper Dan in 1965 and second again with Easy Goer in 1989, who went on to win the Belmont Stakes. He won two British Classic Races, taking the St. Leger Stakes with Boucher in 1972 and the 1,000 Guineas at Newmarket Racecourse with Quick As Lightning. He won four Breeders' Cup races. First with the undefeated Personal Ensign in 1988, then Dancing Spree in 1989, Inside Information and My Flag in 1995.

Four Hall of Fame trainers conditioned Phipps' horses, beginning with the renowned Sunny Jim Fitzsimmons, who also trained for his mother's Wheatley Stable. After Fitzsimmons' retirement, Bill Winfrey came out of retirement to train for him in 1963 thenEddie Neloy took over in 1966, followed by John Russell in 1973, Angel Penna, Sr. in 1977 and Shug McGaughey in 1985.

In 2003, Ogden Phipps was voted the Eclipse Award of Merit, the American Thoroughbred horse racing industry's highest honor.

Business career

In 1969, Phipps Plaza opened as the first multi-level mall in Atlanta, aiming to become the South's leading luxury shopping destination. The mall originally opened with two levels. Purchased by financier Ogden Phipps in 1966 for less than $600,000, the development was sold in 1992 to Simon Properties Group for $488 million.

Personal life

On June 14, 1930, Phipps married Ruth Pruyn (1907–1994) of Glen Cove, New York.Before divorcing in 1935, they had two children:

  • Henry Ogden Phipps (1931–1962), who committed suicide.
  • Robert Lansing Phipps (b. c. 1933)

After their divorce, Ruth remarried in 1936 to Marshall Field III.Ogden Phipps remarried on November 4, 1937, to divorcee Lillian Stokes Bostwick McKim (1906–1987), the sister of Hall of Fame steeplechase jockey, George Herbert Bostwick. Lillian would become a major figure in American steeplechase racing who owned two U.S. Racing Hall of Fame horses and won the American Grand National eight times.She was also the mother of three daughters from her first marriage to Robert McKim, and together, Ogden and Lillian had two more children:

  • Ogden Mills Phipps (1940–2016)
  • Cynthia Phipps (1945–2007), who died as a result of injuries sustained in a fire in her Manhattan apartment.

Phipps was 93 when he died on April 21, 2002, at Good Samaritan Medical Center in West Palm Beach, Florida. Friend and fellow Thoroughbred owner Marylou Whitney called Phipps's death "the end of an era in racing".

Collections and philanthropy

Ogden and Lillian acquired 18th century French and English furniture and were early clients of Denning & Fourcade, who decorated fifteen homes for them, and they made many acquisitions through them. Ogden Phipps had an art collection that included works by Claude Monet and John Singer Sargent. He also maintained a greenhouse collection of orchid varieties from around the world.

An honorary governor of the New York-Presbyterian Hospital, Phipps continued the family's philanthropic work.The Ogden Phipps Handicap at Belmont Park is named in his honor.

In popular culture

In the film Secretariat, released in 2010, Ogden Phipps was portrayed by actor James Cromwell.

The contents of this page are sourced from Wikipedia article. The contents are available under the CC BY-SA 4.0 license.
Frequently Asked Questions
FAQ
Who is Ogden Phipps?
Ogden Phipps was an American businessman and Thoroughbred horse racing executive.
What was Ogden Phipps known for?
Ogden Phipps was known for his involvement in Thoroughbred horse racing, specifically as a prominent owner and breeder.
What was Ogden Phipps' family background in horse racing?
Ogden Phipps came from a prominent horse racing family. His father, Henry Phipps Jr., was a business associate of Andrew Carnegie and one of the wealthiest individuals in the United States. His grandfather, Henry Phipps, owned and raced horses in the late 19th and early 20th centuries.
What are some notable horses owned by Ogden Phipps?
Ogden Phipps owned and bred several notable horses, including Buckpasser, Personal Ensign, Easy Goer, and Inside Information. These horses achieved significant success in various races and championships.
What was Ogden Phipps' contribution to Thoroughbred horse racing?
Ogden Phipps made significant contributions to Thoroughbred horse racing as an owner and breeder. He was highly respected in the industry for his knowledge and dedication to the sport, and his horses achieved considerable success on the racetrack. Additionally, he served as the Chairman of the Jockey Club, which is the governing body for Thoroughbred racing in the United States.
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