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August Belmont IV

August Belmont IV
Born December 30, 1908
New York City, New York,
United States
Died July 10, 1995
Easton, Maryland,
United States
Cause of death Stroke
Residence Easton, Maryland
Education Harvard University
Occupation Investment banker, Racehorse owner
Board member of Dillon, Read & Co., The Jockey Club
American Museum of Natural History, New York-Presbyterian Hospital, American Kennel Club
Spouse(s) 1) Elizabeth Lee Saltonstall
2) Louise Victor Winston
Children August V, John Saltanstall, Alice, Priscilla
Parents August III & Alice W. de Goicouria

August Belmont IV (December 30, 1908 - July 10, 1995) was an American Investment banker and Thoroughbred racehorse owner. The son of August Belmont III (1882-1919) and Alice W. de Goicouria, he was a fourth generation banker and racehorse owner.

While a nineteen-year-old student, August Belmont IV inherited Belcourt Castle in Newport, Rhode Island from his uncle, Oliver Belmont. However, he did not keep the property and it was transfrered to another uncle, Perry Belmont. [1] A graduate of Harvard University, [2] in the late 1920s August Belmont IV went to work for the securities firm of Bonbright & Co. and remained in the industry for the rest of his working life. In the latter part of the 1940s he was hired by close friend Douglas Dillon to work for Dillon, Read & Co. Belmont became a partner in the investment banking firm and served as its president from 1962 until his retirement in 1971.

August Belmont IV first married in 1931 to Elizabeth Lee Saltonstall of Boston with whom he had four children. [3]. Divorced, in 1946 he rmarried to Mrs. Louise Victor Winston. [4]

Thoroughbred racing

August Belmont IV followed a family tradition by becoming active as a racehorse owner. However, his involvement was to a far lesser extent than his grandfather, August Belmont II, and his great-grandfather, August Belmont, founder of Belmont Park and for whom the third leg of the U.S. Triple Crown series, the Belmont Stakes is named. Among his stakes race winners he owned alone or in partnerships were Dew Line, Heed, Quadratic, and Caveat with whom he won the 1983 Belmont Stakes.

In 1982, August Belmont IV became chairman of The Jockey Club.

A resident of Syosset on Long Island, New York, following his retirement from banking August Belmont IV made his home in Easton, Maryland where he passed away in 1995 at age eighty-six.



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