August Belmont IV
|August Belmont IV|
December 30, 1908|
New York City, New York, U.S.
|Died||July 10, 1995
Easton, Maryland, U.S.
|Cause of death||Stroke|
|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 Vietor Winston
|Children||August V, John Saltonstall, Alice, Priscilla|
|Parent(s)||August III & Alice W. de Goicouria|
He was born on December 30, 1908 to 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 he inherited Belcourt Castle in Newport, Rhode Island from his uncle, Oliver Belmont. However, he did not keep the property and it was transferred to another uncle, Perry Belmont. A graduate of Harvard University, in 1931 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.
In 1982, August Belmont IV became chairman of The Jockey Club.
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.