Determination Stable bought 5 of the 25 highest-priced yearlings of 2022:
Total Expenditure: $2,345,000
Earnings to date: $0
But don’t feel so bad. The owner, Serge Godin, is a 74-year-old Canadian entrepreneur with an estimate net worth of $3 billion, making him somewhere around the 30th richest person in Canada according to Forbes.
Let’s put than another way.
If you are worth $3 million, Serge is worth 1,000 times what you are.
So his $2.345 million investment is like you spending $2,345, or $469 per horse.
Pocket change.