Henry Carnegie Phipps


Henry Carnegie Phipps was an American sportsman and financier, the owner of Wheatley Stable along with his wife Gladys Mills Phipps, and a member of the wealthy Phipps family.

Early life

Phipps was born on May 11, 1879 in Pittsburgh, Pennsylvania. He was the second son of Anne Childs Phipps, and businessman Henry Phipps Jr. His siblings included Amy Phipps, who married Frederick Guest ; John Shaffer Phipps, married Margarita Celia Grace ; Helen Margaret Phipps, who married Bradley Martin Jr. ; and Howard Phipps, who married Harriet Dyer Price.
At Henry Phipps' death, his father, who was at one time the second largest shareholder of Carnegie Steel and was a founder of Bessemer Trust, was worth $3,121,810, according to transfer tax appraisal documents.
Phipps graduated from Yale University in 1902.

Thoroughbred racing and breeding

The Wheatley Stable was the nom de course for a Thoroughbred racing partnership formed in 1926 by Gladys Mills Phipps and her brother, Ogden Livingston Mills. They became a major owner and breeder in Thoroughbred racing with numerous champions including 1957 American Horse of the Year Bold Ruler who went on to be an eight-time Leading sire in North America and whose progeny included the legendary Secretariat.
Phipp's daughter and her husband Stuart also became involved in the sport of thoroughbred racing and most notably bred and raced the ill-fated Ruffian, a U.S. Racing Hall of Fame inductee widely regarded as one of the greatest fillies in racing history.

Personal life

In December 1907, Phipps was married to Gladys Livingston Mills at her parent's home in Staatsburg, New York. Gladys was the daughter of famed financier Ogden Mills and the twin sister of Beatrice, who married Bernard Forbes, 8th Earl of Granard. Her brother Ogden was the 50th U.S. Secretary of the Treasury. As a wedding present, her father bought them a marble‐fronted townhouse at East 85th Street and Fifth Avenue. They also had a home Westbury, which reportedly cost $800,000, a home in Palm Beach, Florida known as Hearnaw. Together, they were the parents of:
Phipps died at his winter home in Palm Beach on March 21, 1953. His estate was left to his widow, who died in 1970.

Descendants

Through his son Ogden, he was the grandfather of Ogden Mills Phipps, a financier and horse breeder who served as chairman of the family's Bessemer Trust until his retirement in 1994.
Through his daughter Barbara, he was the maternal grandfather of Stuart S. Janney III, a lawyer, financier and fellow horseman.