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Penny Chenery Net Worth, Biography & Wiki 2017
Helen Bates “Penny” Chenery Tweedy is an awarded sportswoman born on 27th January 1922 in New Rochelle, New York State USA, but probably still best known for breeding and racing the horse Secretariat, the 1973 winner of the Triple Crown. Penny has also been a board member of the Thoroughbred Owners and Breeders Association.
Have you ever wondered how rich Penny Chenery is? According to sources it has been estimated that Penny’s net worth is over $10 million, accumulated through a lucrative career as a jockey and horse breeder, since the late 1960s. Numerous achievements and acknowledgements led to her becoming a board member of the Thoroughbred Owners and Breeders Association, which helped add to her net worth.
Penny Chenery Net Worth $10 Million
Born the youngest of three children in the family, she was raised in Pelham Manor, New York as the daughter of a utilities financier and founder of Southern Natural Gas Company and Meadow Stable,’ among other utilities. The Meadow Stable was a thoroughbred racing operation and horse breeding business in Caroline County, and was one of the reasons for Chenery developing a great love for horses. She went to Madeira School in McLean, Virginia which had facilities for riding and stabling horses. Upon finishing high school, she decided to enroll at Smith College in Northampton, Massachusetts to study American history. She spent her first years upon graduation working as an assistant for the Gibbs and Cox Company which designed war craft for the Normandy invasion. However, after the invasio, she decided to quit her job and join the Red Cross, so in 1945 she travelled to France to assist soldiers.
After returning from Europe, she was her father offered to supplement her education at the Columbia Business School, which she accepted and became one of 20 women attending that year, among 800 men. Until her father’s illness in 1968, Penny led a quiet housewife life, fund-raising for the Red Cross, but this changed when her father became disabled, and his stable started losing money and deteriorating,
Chenery wanted to fulfill he father’s dream and win the Kentucky Derby, and she was soon elected president of the Meadow Stud board and started making serious changes in the businesses organization. The stable regained profitability and in 1972, the Meadow Farm’s colt Riva Ridge won the Kentucky Derby and Belmont Stakes. At the same time, their two-year old horse, Secretariat won the 1972 American Horse of the Year honors. The young horse rose to fame after becoming the first Triple Crown winner in 25 years, the two aforementioned races plus the Preakness Stakes. Both of Penny’s horses were inducted into the National Museum of Racing Hall of Fame.
Chenery has received several acknowledgements and was one of the first three women admitted to The Jockey Club in 1983. She served as the President of the Thoroughred Owners and Breeders Association from 1976 to 1984, and received the Eclipse Award of Merit. When it comes to her more recent activity, in March 2011, she was awarded an Honorary Doctor of Laws degree by Randolph-Macon College.
In her personal life, Penny has been married twice, firstly to John Tweedy, Sr(1949-73). who she met while studying at Columbia Business School, and her second was to Lennart Ringquist; she. has four children.