Spendthrift Farm (B. Wayne Hughes)

Born: Sept. 28, 1933, in Gotebo, Oklahoma

Residence: , and Malibu, California

Family: Wife Patricia, son Wayne Jr. and daughter Tammy Gustafson

Education: 1957 Graduate of the University of Southern California

Principal business: Founder and chairman of Public Storage, the country’s largest self-storage company. Owner of Farm in Lexington, Kentucky. Philanthropist.

• Enters the 2020 Longines Breeders’ Cup (G1) with Classic contender , winner of the (G1) and Haskell Stakes (G1) and runner up in the (G1). Authentic earned his spot in the starting gate when winning the Haskell, a “Win and You’re In” race in the Challenge Series.

• Authentic, trained by Hall of Famer Bob Baffert, is co-owned by Starlight Racing, MyRaceHorse Stable and Madaket Stables. Hughes invited MyRaceHorse Stable, which sells microshares in horses, into the partnership to get more people involved in the sport.

• Spendthrift co-owns Thousand Words, a multiple graded stakes winner, with the Albaugh Family Stable. Thousand Words, a $1 million yearling purchase who is also trained by Baffert, flipped in the walking ring while being saddled before the and had to be scratched from the race.

• It was a whirlwind 15 minutes when Spendthrift representatives and the Baffert team went from the despair of the scratch of Thousand Words to the elation of winning the Derby with Authentic. The victory was the culmination of a longtime dream for Hughes and the Spendthrift team of President Eric Gustavson, General Manager Ned Toffey and Stallion Sales Manager Mark Toothaker.

• Authentic is by Spendthrift stallion , the reigning leading general sire in North America. Into Mischief is a half-brother to .

• Beholder was a four-time Eclipse Award winner and 11-time Grade 1 winner while carrying Spendthrift’s purple-and-orange silks.

• Now retired and a broodmare residing at in Kentucky, Beholder won three Breeders’ Cups: The Distaff (G1) in 2016 and 2013 and the Juvenile Fillies (G1) in 2012. Along with Goldikova, she is one of only two horses to be victorious in three Breeders’ Cups.

• The Richard Mandella trainee won Grade 1 affairs at ages 2, 3, 4, 5 and 6, despite being sidelined with injuries for most of 2014. Beholder and Breeders’ Cup Juvenile Fillies Turf (G1) winners Lady Eli (2014) and Rushing Fall (2017), a 2020 Filly & Turf (G1) contender, are the only three to win at least one Grade 1 races at ages 2, 3, 4, and 5.

• Beholder brought home Eclipse Awards for Older Mare (2016, 2015), 3-Year-Old Filly (2013) and 2-Year-Old Filly (2012).

• Hughes won the 2003 Breeders’ Cup Juvenile (G1) with Action This Day, who raced under his name. While running in the colors of Spendthrift Farm, Court Vision captured the 2011 Mile (G1).

• Top horses campaigned include Grade I winners Into Mischief, Lord Nelson, Jimmy Creed and Callback.

• Has 15 Spendthrift-owned horses and numerous others co-owned through various partnerships in training.

• Trainers currently employed include Hall of Famers Steve Asmussen, Bob Baffert and Richard Mandella and Al Stall, Jr.

• Spendthrift was the home of 24 stallions in 2020, including Breeders’ Cup winners Vino Rosso (2019 Classic (G1)), Mitole (2019 Sprint (G1)), (2013 and 2014 Dirt Mile (G1)), and Hit it A Bomb (2015 Juvenile Turf (G1)). , sire of (G1) winner , Beach (2nd in the 2019 Dirt Mile (G1)), and outstanding sire Into Mischief are on the roster.

• Multiple G1 winner Vekoma, who qualified for both the 2020 Breeders’ Cup Dirt Mile and Sprint through “Win and You’re In” races in the Challenge Series, will join the roster in 2021. Authentic will join the stallion roster after his retirement from racing.

• There are 85 broodmares plus their weanlings and yearlings on the farm. Beholder is the queen of the bunch and in 2020 is in foal to Bolt D’Oro.

• Called by his middle name since childhood, Bradley Wayne Hughes grew up in the San Gabriel Valley in Southern California and was introduced to racing by his father, a factory worker who often attended Santa Anita.

• After entering a career in real estate following college, Hughes moved to San Marino, California and discovered that two of his neighbors, Jim Mamakos and Marc Stubrin, shared an interest in racing. “We went to a sale at Pomona around 1970 and bought three broodmares, the highest price of which was $600,” recalled Hughes of his modest entrance to ownership. “We called ourselves the Winston Stable because of the street on which we lived. A little later (1972) we went to a 2-year-old sale at Hollywood and bought a horse named Patmos. We gave it to Warren Stute and won a couple of claiming races.”

• In 1991, he bought a 10-acre farm in Malibu that serves as a lay-up center.

• In 1972, driving along a Texas road, Hughes noticed a self-storage warehouse loaded to capacity, thought about the concept and founded Public Storage. He parlayed a $50,000 investment into a fortune billions that vaulted him onto the Forbes 400 list of the nation’s wealthiest people.

• Spendthrift was originated in 1937 by Leslie Combs II, who developed it into a 3,000- acre Kentucky showcase. The farm was named for Spendthrift, the horse that ran for Combs’ great-grandfather, Daniel Swigert, in 1878 as a juvenile, and went on to win the for James Keene a year later. Spendthrift was the great-grandsire of Man O’ War. Under Combs, Spendthrift became a leading breeder and consignor of high-priced yearlings, such as Mr. Prospector, who became a leading sire at Claiborne Farm, and Kentucky Derby winner .

• The farm has stood eight Derby winners, as well as Preakness and Belmont winner . Other standout stallions that have called Spendthrift home are J.O. Tobin, , , , and Triple Crown winners (1978) and (1977).

• Spendthrift Farm descended into bankruptcy amid the crash of the market in the late 1980s and early 1990s and Leslie Combs died in 1990. Ted Taylor purchased the main 496-acre tract of Spendthrift at a court-ordered bankruptcy auction in 1994, for $5,250 an acre, a total of $2.58 million. The next buyer before Hughes was Bruce Kline and partners in 2000.

• Hughes purchased historic 700-acre Spendthrift Farm in 2004.

• In recent years, Spendthrift has been at the forefront of creative breeding programs. It offers both the “Share the Upside” program, which ultimately results in a lifetime breeding right and “Safe Bet Program”, which was established in 2019 and is breeder- friendly. If the subject stallion does not sire at least one graded stakes winner by year’s end from his first crop of 2-year-old runners no stud fee will be owed.

• Hughes created and supports the Parker Hughes Cancer Center in Minnesota, named after a son, Parker, who died of cancer at age 8 . Employing more than 200 people, the facility works to develop drugs to treat children’s cancer and leukemia. It is credited with the acclaimed drug B43-PAP. “This is my passion in life,” Hughes said. “If you want to see the real world, go visit the Children’s Hospital cancer ward. I don’t have the brain- power to help but I can put up the money for those who do.”

• The publicity shy and reticent Hughes is said to be the largest donor to his alma mater, the University of Southern California. A 2019 Los Angeles Times story said he has donated $400 million, nearly all anonymously, to USC.