LOUISVILLE, Ky. —
Orb also was the second Derby starter for both Janney and Phipps, whose previous entries were in 1988 and ‘89. Their family wealth allows them to race the horses they breed, unlike the majority of current owners who are involved through partnerships that split up the exorbitant costs of the sport.
The cousins’ grandfather, Henry Phipps, founded wealth management firm Bessemer Trust in 1907. Janney serves as chairman, while Dinny Phipps is its director. He also chairs The Jockey Club, the sport’s governing body that registers thoroughbreds, while Janney is vice chairman.