Sol Kumin: From Finance To Horse Racing Success | Latest News

03 May, 2025

Could a single individual, fueled by passion and a keen business acumen, truly revolutionize the world of thoroughbred racing? The story of Sol Kumin suggests a resounding yes, demonstrating an impact that's both immediate and enduring, transforming the sport from the inside out.

Born on May 13, 1975, Sol Kumin is an American business leader, thoroughbred racehorse owner, and philanthropist whose journey in the world of horse racing has been nothing short of meteoric. From entering the sport with a fresh perspective to achieving unprecedented success in a remarkably short time, Kumin has redefined what's possible for a modern owner. His ventures are not merely about winning races; they are about building a sustainable model that champions partnerships, embraces innovation, and consistently puts the well-being of the horses at the forefront. His influence has extended beyond the racetrack, fostering a greater understanding and appreciation for the sport.

Attribute	Details
Full Name	Sol Kumin
Born	May 13, 1975
Nationality	American
Known For	Business leader, Thoroughbred racehorse owner, Philanthropist
Education	St. Paul's School, Johns Hopkins University
Career Highlights	Former CEO of Folger Hill Asset Management (2014-2018) Owner of Madaket Stables Co-owner of Triple Crown winner Justify Owner of Kentucky Oaks and Kentucky Derby winners in the same weekend (May 2018) Successful with horses such as Lady Eli, Wavell Avenue, and Monomoy Girl New Owner of the Year (Awarded by Ownerview)
Philanthropic Activities	Established "The Sol and Elizabeth Kumin Fund in Honor of Great Coaches" at St. Paul's School (2010) Serves on the boards of Johns Hopkins University, the Fessenden School, Boston Childrens Hospital, and Team Impact
Professional Affiliations	Director on the board of Starwood Property Trust (STWD)
Partnerships	Collaborated with trainer Chad Brown Partnered with Todd Pletcher
Links	Sol Kumin's LinkedIn Profile

In May 2018, a milestone was achieved that underscored Kumins rapid ascent. He became the first owner since 1952 to claim both a Kentucky Oaks and a Kentucky Derby victory in the same weekend. This exceptional feat highlighted not only his ability to select top-tier equine talent but also his strategic approach to the sport, emphasizing the importance of partnerships and collaboration. The victories weren't just about individual races; they signified a new era, a testament to the power of innovative ownership.

Kumin's impact within the first decade of his horseracing endeavors has been nothing short of transformative. From the initial selection of silks to the ultimate pursuit of a Triple Crown sweep, alongside victories at prestigious events like the Kentucky Oaks and the Travers Stakes, his accomplishments, packed into a mere four-year window, are a clear indication of his influence on the sport. This profound influence led many to recognize his achievements, perhaps even leading to an Eclipse Award in time.

Prior to immersing himself in the world of horse racing, Kumin had established himself as a successful business leader. He served as the CEO of Folger Hill Asset Management from 2014 until 2018. This experience undoubtedly provided a solid foundation for his venture into the sport, allowing him to approach ownership with a strategic, business-minded approach. The move into racing wasn't just about passion; it was a calculated step, transforming his love for horses into a sustainable, thriving enterprise.

Kumins collaborative spirit is evident in his long-standing partnerships with prominent trainers such as Chad Brown and Todd Pletcher. Since joining forces in 2014, Brown and Kumin have reached the pinnacle of success, consistently competing at the highest levels. Pletcher, meanwhile, trained last year's champion male turfer Up to the Mark for Repole and St. Elias. These alliances highlight his understanding of the importance of teamwork and his ability to identify and collaborate with the best professionals in the industry. The success of these partnerships is reflected in the consistently high quality of the horses under their care, as well as the number of significant wins.

Kumins passion for sports extends beyond horse racing. He was an athlete during his time at both St. Paul's School and Johns Hopkins University. In 2010, he and his wife demonstrated their philanthropic spirit by establishing an endowment at St. Paul's School, "The Sol and Elizabeth Kumin Fund in Honor of Great Coaches." This initiative reflects his commitment to supporting the development of young athletes and recognizing the impact of influential mentors.

His vision for the sport extends beyond personal victories. Kumin has been at the forefront of demonstrating the value of thoroughbred racing partnerships, opening up opportunities for others to participate in the thrill of ownership. Madaket Stables, one of his numerous racing stables, has become a prime example of this. Other ventures such as Sheep Pond Partners, Head of Plains Partners, and Monomoy Stables have also achieved Breeders' Cup success.

In recognition of his contributions, Ownerview selected Kumin as the "New Owner of the Year." This prestigious award recognizes a thoroughbred owner who has achieved significant success in the sport and has made a positive impact on the industry. This further underscores his influence and the respect he has garnered within the racing community.

Madaket Stables serves as the nom de course for Kumin, who is not just a businessman but also a committed philanthropist. His stable has been part owner of the Triple Crown winner Justify, as well as other notable horses such as Exaggerator, Lady Eli, and Monomoy Girl, among others. These associations further establish his standing in the industry and highlight his remarkable ability to acquire and nurture champion racehorses.

Cohens involvement in racing comes through a friendship and work relationship with Sol Kumin. Cohen has been one of the three investors in all the partnerships organized by Kumin, including.

Kumin currently serves as a director on the board of Starwood Property Trust (STWD), demonstrating his continued involvement in the financial sector. He is also deeply committed to education and healthcare, serving on the boards of Johns Hopkins University in Baltimore, Maryland, the Fessenden School in Newton, Massachusetts, the Trust Board at Boston Childrens Hospital, and Team Impact in Quincy, Massachusetts. These engagements reflect his dedication to giving back to the community and supporting critical institutions.

Kumin has had a particularly strong association with the partnership model of racing. Sheep Pond Partners, for instance, is an ownership group that includes Jay Hanley, a contractor and real estate developer, and hedge fund manager Sol Kumin, among others. Together, they have championed the undefeated turf filly Lady Eli, in collaboration with Michael Dubb and other partners. Hanley's upbringing, spending his childhood at Saratoga in upstate New York, speaks to his lasting connection to the sport, demonstrating the importance of tradition and family within racing.

The rapid ascent of Sol Kumin in the horse racing world is a remarkable story, especially when considering that just five years prior, his name was virtually unknown within the industry. His swift rise is a testament to his strategic vision, his dedication to collaboration, and his unwavering commitment to the well-being of the horses. Kumins approach serves as an inspiration to those in the industry, demonstrating that with innovation, a strong work ethic, and a genuine love for the sport, anything is possible. His influence is set to continue, with his impact on the sport growing for years to come.

Thoroughbred Investor Sol Kumin Shares His Secrets To Horseracing

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