All Paulson, one of the most prominent owners and breeders in thoroughbred racing history before his death on July 19, 2000, at the age of 78, the American Dream embodied.
The resident of Clinton, Iowa, began to support himself at the age of 13 by selling newspapers and doing a caretaker. He moved to California in 1937 and worked at a dairy farm while he completed high school. He was hired in 1941 as an aircraft engineer at entry level and earned 30 cents per hour.
Paulson served in the US Army Air Corps from 1943-45, earned his pilot permit after the war and started flying commercially for Trans World Airlines. He formed his own company in 1951, first aircraft parts sold and later second -hand aircraft. His company sought, which made him buy Grumman’s domestic factories and offices in 1978 for $ 52 million. He eventually led the largest manufacturer of private jets in the world.
Paulson once trusted Jerry Bailey, the Hall of Fame Jockey, that he based all his decisions based on risk versus reward. There is certainly risks involved in breeding and possessing thoroughbreds, but Paulson soon picked the rewards after he entered the sport in 1983 and invested money with both hands. He operated breeding farms in Kentucky, Florida and California.
The reward? He won the Eclipse Award for Outstanding Breeder in 1993 and for excellent owner in 1995 and 1996. His work was recognized with the Ultimate Honor, the Eclipse Award of Merit, in 1996.
Paulson is best known for his astute management of the legendary cigar. Although cigar initially showed little as a grass horse, he made up for the lost time after he had been moved to Bill Mott’s shed, a Hall of Fame trainer, and switched to dirt.
Bailey remembers Paulson as an owner who was looking for the best help and knew they could do their work afterwards. ‘He never got involved in the [pre-race] Instructions at all, “said Bailey.
While the victories of the cigar were opposed, causing him to led the Horse of the Year in 1995 and 1996 and match the 16-race-winning line of quote, Paulson’s greatest interest was to understand the quality of the horse. There was no easy response.
“My answer was” I don’t really know “because I always tried to save a little,” said Bailey. “I never let the horse run completely when he was on top of his game.”
One of the most difficult questions that Paulson was confronted was whether he would walk cigar in the inaugural $ 5 million Dubai World Cup. The risk seemed to be high. Cigar would be asked to compete on a surface that was very different from what it was used to. And it was not to say which toll the journey could take on him because it was unprecedented.
After a meeting with Race organizers, Paulson was completely in it. “He thought the reward – at the time $ 5 million – the risk was to go halfway throughout the world,” said Bailey.
The success of the cigar against a stars-lined international cast was only added to his legacy and that of his calculation and daring owner.
Note: This story was originally published in 2019 and was updated.
Nice facts
- Allegedly Paulson gained cigar in an exchange with his wife, Madeleine, in exchange for Eliza, the winner of the Breeders’ Cup Juvenile Fillies 1992.
- He sold a 50% interest in Arazi, the European Horse of the Year of 1991, to Sheikh Mohammed bin Rashid Al Maktoum for $ 9 million.
- Paulson and his cockpit crew have 35 international records for around the world in a Gulfstream IV plane in 1990.
- He received countless prizes in aviation, including: the Wright Brothers Memorial Trophy and the Harmon Trophy (both in 1987), the Howard Hughes Memorial Award (1988) and the prize for Meritorious Service to Aviation (1994).
- He gave Georgia Southern University so generously that the school named the College of Science and Technology and a stadium after him.
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