Posted inRichest CEOs
Posted by
By NetwortheyeadminSeptember 25, 2022No Comments
Table of Contents
Penny Chenery Biography And Net Worth
Penny Chenery was a sportswomen and U.S. based businesswomen. Chenery was the owner of ‘Secretariat’ who won the 1973’s Triple Crown. She was also the person who bred Secretariat.
| Net worth | $10 million |
| Full Name | Helen Bates ‘Penny’ Chenery |
| Birth Date | January 27, 1922 |
| Birth Place | New Rochelle, New York, United States |
| Died | September 16, 2017 |
| Profession | Businesswomen, Sportsperson |
Penny Chenery Early Life
Born in New Rochelle, New York, Penny Chenery grew up in Pelham Manor, New York. She was named ‘Helen Bates’ after her mother. In 1928, her father became a millionaire by founding utility companies. He also founded ‘Meadow Stable’ which was a stable where thoroughbred racing and horse breeding was carried out. It was operated in The Meadow in Carolina County, Virginia. Growing up, Chenery also loved horses and learned to ride when she was 5 years old.
Penny Chenery Education
Penny Chenery joined Madeira School situated in McLean, Virginia. She also became captain of the Equestrain Team when she was in her senior year. After graduating from Madeira in 1939, she went on to earn a Bachelor of Arts from Smith College. She majored in American Studies. Later, she attended Columbia Business School. In 2011, Chenery was also awarded an Honorary Doctor of Laws degree from Randolp-Macon College in Ashton, Virginia.
Penny Chenery Career and Life
Initially, Chenery worked as an assistant for Gibbs and Cox. Gibbs and Cox designed war craft and due to the urging of her brother Chenery left the job. She joined Red Cross. She traveled to France and helped soldiers’ transition to ships home when World War 2 ended.
In 1946, she returned from Europe and while attending Columbia Business School she met John Bayard Tweedy. Chenery dropped out of her MBA program and married Tweedy. The couple had 4 children.
Chenery lived a quite life until the death of her mother. In 1968, her father got really sick as well and Cherry overtook the responsibility of managing his Meadow Stable. She made changes and started working really hard. Chenery was able to turn the stable around. She along with Roger Laurin who trained and managed the horses at the stable started breeding some win worthy horses. However, Roger left the farm in 1971 and Chenery hired his father. Laurin Sr. and Chenery won 1972’s Kentucky Derby with the horse ‘Riva Ridge’. In doing so, she fulfilled her father’s lifelong dream. Her 2-year-old horse ‘Secretariat’ was named ‘American Horse of the Year’, that same year.
Secretariat went on to become the first triple crown winner in 25 years and set records that still stand in all three races. Both of Chenery’s horses were honored with being inducted in the National Museum of Racing and Hall of Fame.
Chenery continued to breed and race horses even after Secretariat. She achieved another great success with Saratoga Dew, who was the first New York bred horse to secure a win of an Eclipse Award.
Penny Chenery Death
In 2017, Chenery was 95 years old when she died of a stroke.
Penny Chenery Net Worth
Chenery had a successful career as a sportsperson and president of Meadow Stable. She won several races with her horses and bred some race winning horses as well. With the records she set and horses she bred and managed, Chenery was able to gain a net worth of 10 million dollars.
Last updated on September 24, 2022
Networtheyeadmin
From a very young age, writing has been a passion of mine. Through writing, I have developed an understanding of my personality and learning capabilities. One of the main components of my personal learning style is the necessity of writing. Written notes also correspond with the visualization and tactile elements of my learning abilities. With my past working experience, I understand that the road to content writing is not easy. It takes a lot of brainstorming. I always want to explore famous people's life and their behavior. I do a lot of research about their lives. I have been writing for 5 years about showbiz people. For me, anyone can write. But, not everyone can contribute their ideas with valuable words.
View All Posts
