August Belmont IV
Encyclopedia
August Belmont IV was an American Investment banker and Thoroughbred
racehorse
owner. The son of August Belmont III (1882-1919) and Alice W. de Goicouria, he was a fourth generation banker and racehorse owner.
While a nineteen-year-old student, August Belmont IV inherited Belcourt Castle
in Newport, Rhode Island
from his uncle, Oliver Belmont
. However, he did not keep the property and it was transfrered to another uncle, Perry Belmont
. http://www.belcourtcastle.com/history.htm A graduate of Harvard University
, http://money.cnn.com/magazines/fortune/fortune_archive/1988/07/18/70791/index.htm in the late 1920s August Belmont IV went to work for the securities firm of Bonbright & Co. and remained in the industry for the rest of his working life. In the latter part of the 1940s he was hired by close friend Douglas Dillon
to work for Dillon, Read & Co.
Belmont became a partner in the investment banking firm and served as its president from 1962 until his retirement in 1971.
August Belmont IV first married in 1931 to Elizabeth Lee Saltonstall of Boston
with whom he had four children. http://www.time.com/time/magazine/article/0,9171,741881,00.html. Divorced, in 1946 he married Mrs. Louise Vietor Winston. http://select.nytimes.com/gst/abstract.html?res=F70A16F73D5B127A93CBA91789D85F428485F9
, and his great-grandfather, August Belmont
, founder of Belmont Park
and for whom the third leg of the U.S. Triple Crown
series, the Belmont Stakes
is named. Among his stakes race
winners he owned alone or in partnerships were Dew Line, Heed, Quadratic, and Caveat
with whom he won the 1983 Belmont Stakes
.
In 1982, August Belmont IV became chairman of The Jockey Club
.
A resident of Syosset
on Long Island
, New York
, following his retirement from banking August Belmont IV made his home in Easton, Maryland
where he died in 1995 at age eighty-six.
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...
racehorse
Horse racing
Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC...
owner. The son of August Belmont III (1882-1919) and Alice W. de Goicouria, he was a fourth generation banker and racehorse owner.
While a nineteen-year-old student, August Belmont IV inherited Belcourt Castle
Belcourt Castle
Belcourt Castle is the former summer cottage of Oliver Hazard Perry Belmont, located on Bellevue Avenue in Newport, Rhode Island. Begun in 1891 and completed in 1894, it was intended to be used for only six to eight weeks of the year...
in Newport, Rhode Island
Newport, Rhode Island
Newport is a city on Aquidneck Island in Newport County, Rhode Island, United States, about south of Providence. Known as a New England summer resort and for the famous Newport Mansions, it is the home of Salve Regina University and Naval Station Newport which houses the United States Naval War...
from his uncle, Oliver Belmont
Oliver Belmont
Oliver Hazard Perry Belmont was an American socialite and United States Representative from New York.- Biography :...
. However, he did not keep the property and it was transfrered to another uncle, Perry Belmont
Perry Belmont
Perry Belmont was an American politician and diplomat.-Biography:He was born on December 28, 1851 in New York City to August Belmont. His brothers were Oliver Hazard Perry Belmont and August Belmont, Jr....
. http://www.belcourtcastle.com/history.htm A graduate of Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
, http://money.cnn.com/magazines/fortune/fortune_archive/1988/07/18/70791/index.htm in the late 1920s August Belmont IV went to work for the securities firm of Bonbright & Co. and remained in the industry for the rest of his working life. In the latter part of the 1940s he was hired by close friend Douglas Dillon
C. Douglas Dillon
Clarence Douglas Dillon was an American diplomat and politician, who served as U.S. Ambassador to France and as the 57th Secretary of the Treasury...
to work for Dillon, Read & Co.
Dillon, Read & Co.
Dillon, Read & Co. was a prominent American investment bank from the 1920s into the 1960s.-Origins:Dillon Read traces its roots to 1832 with the founding of the Wall Street brokerage firm Carpenter & Vermilye. This firm was succeeded by Read & Company in which chief principal was William A. Read. ...
Belmont became a partner in the investment banking firm and served as its president from 1962 until his retirement in 1971.
August Belmont IV first married in 1931 to Elizabeth Lee Saltonstall of Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
with whom he had four children. http://www.time.com/time/magazine/article/0,9171,741881,00.html. Divorced, in 1946 he married Mrs. Louise Vietor Winston. http://select.nytimes.com/gst/abstract.html?res=F70A16F73D5B127A93CBA91789D85F428485F9
Thoroughbred racing
August Belmont IV followed a family tradition by becoming active as a racehorse owner. However, his involvement was to a far lesser extent than his grandfather, August Belmont IIAugust Belmont, Jr.
August Belmont, Jr. was an American financier, the builder of New York's Belmont Park racetrack, and a major owner/breeder of thoroughbred racehorses.-Early life:...
, and his great-grandfather, August Belmont
August Belmont
August Belmont, Sr. was an American politician.-Early life:August Belmont was born in Alzey, Hesse, on December 8, 1813--some sources say 1816--to Simon and Frederika Elsass Schönberg, a Jewish family. After his mother's death, when he was seven, he lived with his uncle and grandmother in Frankfurt...
, founder of Belmont Park
Belmont Park
Belmont Park is a major thoroughbred horse-racing facility located in Elmont in the Town of Hempstead in Nassau County, New York, on Long Island adjoining New York City. It first opened on May 4, 1905...
and for whom the third leg of the U.S. Triple Crown
United States Triple Crown of Thoroughbred Racing
In the United States, the "Triple Crown" is usually the Triple Crown of Thoroughbred Racing, a series of three Thoroughbred horse races for three-year-old horses run in May and early June of each year consisting of the Kentucky Derby, Preakness Stakes, and Belmont Stakes.While Daily Racing Form...
series, the Belmont Stakes
Belmont Stakes
The Belmont Stakes is an American Grade I stakes Thoroughbred horse race held every June at Belmont Park in Elmont, New York. It is a 1.5-mile horse race, open to three year old Thoroughbreds. Colts and geldings carry a weight of 126 pounds ; fillies carry 121 pounds...
is named. Among his stakes race
Graded stakes race
A graded stakes race is a term applied since 1973 by the American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association to thoroughbred horse races in the United States and Canada to describe races that derive their name from the stake, or entry fee, owners must pay...
winners he owned alone or in partnerships were Dew Line, Heed, Quadratic, and Caveat
Caveat (horse)
Caveat was an American thoroughbred stallion racehorse. Bred in Maryland) by Ryehill Farm, he was sired by Kentucky Derby winner Cannonade out of The Axe II mare, Cold Hearted...
with whom he won the 1983 Belmont Stakes
Belmont Stakes
The Belmont Stakes is an American Grade I stakes Thoroughbred horse race held every June at Belmont Park in Elmont, New York. It is a 1.5-mile horse race, open to three year old Thoroughbreds. Colts and geldings carry a weight of 126 pounds ; fillies carry 121 pounds...
.
In 1982, August Belmont IV became chairman of The Jockey Club
The Jockey Club
The Jockey Club, formed on February 9, 1894, is the keeper of The American Stud Book. It came into existence after James R. Keene spearheaded a drive in support of racehorse trainers who had complained about the Board of Control that governed racing in New York State.-History:On its formation, The...
.
A resident of Syosset
Syosset, New York
Syosset is a hamlet in Nassau County, New York, in the northeastern section of Town of Oyster Bay near the North Shore of Long Island. The population was 18,829 at the 2010 census...
on Long Island
Long Island
Long Island is an island located in the southeast part of the U.S. state of New York, just east of Manhattan. Stretching northeast into the Atlantic Ocean, Long Island contains four counties, two of which are boroughs of New York City , and two of which are mainly suburban...
, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, following his retirement from banking August Belmont IV made his home in Easton, Maryland
Easton, Maryland
Easton, founded 1710, is a town within the Easton District of Talbot County, Maryland, United States. The population was 11,708 at the 2000 census, and 14,677 according to current July 2008 census estimates. It is the county seat of Talbot County. The primary ZIP Code is 21601, and the...
where he died in 1995 at age eighty-six.