Table of Contents
|Net Worth||$5 million (Est.)|
|Birth Date||July 9, 1941|
|Country of Origin||USA|
|Source of Wealth||Horse Training|
The American businesswoman, entrepreneur, author, and television personality Bethenny Frankel‘s net worth stands at a staggering $80 million. Thanks to her numerous ventures that she has been involved in.
So, what could be Bethenny Frankel’s dad, the late horse trainer Robert J. Frankel‘s net worth? In today’s article, we will discuss his fortune and earning sources. So, stick with us till the end!
Little Insight on the Frankel Family
- Bethenny Frankel’s old man was born to Merrill Frankel and Gertrude Frankel on July 9, 1941, in New York.
- Robert J. Frankel’s parents were in the catering business, and he first got into the horse racing scene as a gambler. Eventually, he found his way to the stable and started training professionally in the late 1990s.
- Robert was married twice, and his first wife was Bernadette Birk, a Roman Catholic of Welsh descent.
- On November 4, 1970, Robert J. Frankel’s daughter, Bethenny Frankel, was born to him and his then-wife Bernadette.
- Four years into their marriage, Bethenny Frankel’s parents divorced, and her mom married another horse trainer, John Parisella.
- Bethenny Frankel’s dad got married to Bonita Boniface in 2003. Then, three years later, they called it quits.
Similarly, you might wanna know about Jessica Andrade‘s wife, Fernanda Gomes, and their family life.
Interest in Horses Was Piqued Due to His Parents
The trainer’s first memory of horses was when he was 10. Robert J. Frankel’s parents wanted to watch the trotters on TV, and he wanted to watch something else.
Then, Frankel went to Roosevelt Raceway with his folks, and there, he was captivated by the gambling aspect of the sport. He came to know about Thoroughbred racing when his dad took him to Belmont Park.
Following that, it did not take long for Robert to get hooked. He used to go to a candy store in Far Rockaway at around 8 o’clock every night to get the Daily Racing Form as soon as it came out.
Frankel did so in order to get an early start on handicapping the following day’s races. After graduating from high school, he attended C.W. Post College on Long Island and eventually dropped out.
After quitting college, Bethenny Frankel’s old man worked in construction in the mornings, where he would put rock lath. Then, he’d leave for the track.
Eventually, Mr. Frankel became a hotwalker for Bill Corbellini and Biddy Bellew in Florida, and in the afternoons, he used to gamble. Then, in 1996, he took his trainer’s license.
Robert might have had decent earnings prior to starting his training career. After taking out his trainer’s license, Robert J. Frankel’s fortune rose significantly.
Earnings As a Trainer Contributed Significantly to Robert J. Frankel’s Net Worth
Bethenny Frankel‘s father started out as a trainer by claiming a horse named Pink Rose from Allen Jerkens. In November of the year he took out his license, Frankel won his first race at Aqueduct with Double Dash.
After the first victory, the trainer built up his stable with the assistance of William “Willie” Frankel, his main client and Wall Street trader.
The trainer won his first crucial race with Barometer at the Suburban Handicap at Belmont Park. It was the same horse he had bought for $15K in a claiming race.
Over the years, his streak of race wins continued to increase so did Robert J. Frankel’s earnings. So let’s take a look at some of the incomes over the years.
Table Source: Equibase
During his career, Frankel built up a powerful client base with Edmund Gann, Juddmonte, Jerry Moss, Frank Stronach, Bert Firestone, and Stavros Niarchos.
Robert J. Frankel’s net worth might have been considerable during his career. His daughter, Bethenny Frankel’s net worth stands at a staggering amount of $80 million.
Frankel is considered one of the horse racing pioneers. Unfortunately, we lost the gem on November 16, 2009. At 68, he passed away at his home after being diagnosed with leukemia.
Although the horse racer is no more with us, his legacy lives on us through his achievements in horse racing.
Trivia and Facts
- In the early 1960s, Bethenny Frankel’s dad took $40 to the track, and by the end of the day, he made a successful $3,000 win bet on a 3-1 shot and went home with $20,000.
- Bethenny and Robert had a tumultuous relationship but reconciled before his death.
- At the time of this death, Robert J. Frankel’s ex-wife, Bonita, and his daughter, Bethenny, were by his side.
- Frankel was inducted into the Southern California Jewish Sports Hall of Fame and National Museum of Racing and Hall of Fame in 2004 and 1995, respectively.