Justify, the winning horse of the Belmont Stakes, made history as the 13th horse in history to capture the Triple Crown on Saturday.
With the impressive accolade to his name, the chestnut colt is now the most valuable horse in racing history worth a record of $75million.
Justify’s breeding rights were sold by the horse’s owners to Coolmore – the world’s largest breeding operation of racehorses – for $60million, according to ESPN.
The horse’s Triple Crown win in New York added an additional $15million to his value.
Justify is worth a record of $75million following his Triple Crown win Saturday, pictured above
The win made Justify the most valuable horse in racing history as his breeding rights were purchased for a whopping $75million
Justify and jockey Mike Smith led the pack at the Saturday Belmont Stakes race in New York
Victory! Jockey Smith celebrated crossing the finish line while on top of Justify after the race
The horse’s former owners WinStar Farm and China Horse Club & SF Racing have not commented on the deal.
Billionaire international financier George Soros is a 15 per cent stakeholder in the winning horse
Billionaire international financier George Soros is a 15 per cent stakeholder in the winning horse.
Justify was purchased as a yearling for $500,000.
He made his spectacular debut four months ago on February 18 and won all five races that he started.
His Triple Crown win comes just 111 days after his first race.
His $75million value surpasses that of Fusaichi Pegasus, the horse Coolmore purchased in 2000 for $70million.
Adjusting for inflation, that figure would be $104 million today.
Coolmore will breed Justify in both the Northern and Southern Hemispheres, at least 250 times in his first year, per ESPN sources.
Justify pictured leading the race which won him the esteemed Triple Crown title
The chestnut colt was purchased as a yearling for $500,000 and made his racing debut in February
Billionaire international financier George Soros is a 15 per cent stakeholder in the winning horse, pictured at the Saturday race above
Sources say Coolmore will breed Justify in both the Northern and Southern Hemispheres, at least 250 times in his first year
Justify and Smith pose after the stunning victory. It was just the second time in 40 years for a horse to win the coveted Triple Crown title
The breeding operation could make nearly half of their multi-million dollar deal back as live foals average $150,000.
The Triple Crown title means the three-year-old horse won the Kentucky Derby, Preakness Stakes and the Belmont Stakes.
It was just the second time in 40 years for a horse to win the coveted Triple Crown title.
On Saturday Justify won the 150th Belmont Stakes by 1 3/4 lengths in a stunning wire-to-wire victory at the mile-and-a-half track.
The race is significantly longer than the first two races in the Triple Crown and is known as the test of champions and the hardest race in the series.
Jockey Mike Smith, 52, was overjoyed after crossing the finish line atop Justify with a healthy lead on the second place finisher Gronkowski, as Hofburg finished third.
‘I thank my Lord and Savior Jesus Christ,’ said Smith, the oldest jockey to win the Triple Crown, immediately after the race. ‘This horse ran an amazing race. He’s sent from heaven.’
It was the second Triple Crown win for trainer Bob Baffert, who also trained the 2015 winner American Pharaoh.