Steve Asmussen's net worth. Image Source: Social Media.
| Net Worth | $5 Million (Est.) |
| Birth Date | November 18, 1965 |
| Gender | Male |
| Height | N/A |
| Country of Origin | USA |
| Source of Wealth | Horse Training |
What’s the secret to success? The answer might vary from person to person. But some common things are hard work, dedication, and patience. The horse trainer Steve Asmussen might also say the same thing.
All thanks to his relentless hard work, Steve Asmussen’s net worth has also heightened, just like his fame. So, why don’t we take a look at his journey and how he amassed a notable fortune to his name?
Who Is Steve Asmussen?
Before learning about Steve Asmussen’s fortune and earning details, let’s take a look at his background.
- Steve was born Steven Mark Asmussen on November 18, 1965, in Gettysburg, South Dakota.
- Steve Asmussen’s parents, Keith Asmussen and Marilyn Asmussen, operate El Primero Training Center in Laredo, Texas.
- Likewise, Steve Asmussen’s brother, Cash Asmussen, is an Eclipse Award-winning jockey and a champion rider in Europe.
Now that we’ve known about his family and background let’s take a look at Steve Asmussen’s fortune and income sources.
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Steve Asmussen Net Worth and Earnings
Having come from a family involved in horse riding, Asmussen got involved in it from a young age. He began riding as a jockey when he was sixteen.
As a jockey, Steve competed in New Mexico, New York, and California for a little over two years. Then, unfortunately, his riding career came to an end due to his weight and height.
Steve revealed that despite his parents being 5’5″ and 5’2″. he grew to be more than six feet tall. As a result, he returned to the family training center, where he broke yearlings.
In 1985, Steve graduated from United High School, and a year later, he began his training career. After starting to work as a horse trainer, Steve Asmussen’s fortune saw a major boost.
Earnings as a Horse Trainer
The same year, the South Dakota-born trainer started his professional training career and won his first race at Ruidoso Downs. The following year, he won his first stakes race with Scout Command in the Bessemer Stakes.
The horse trainer had to wait for a decade to clench his first graded stakes. He could do so with Valid Expectations in the Derby Trial at Churchill Downs.
Along with the victories, he pocketed a significant sum of money. So, let’s take a look at the following table showing Steve Asmussen’s earnings over the years.
| Year | Starts | Per Start | Earnings |
|---|---|---|---|
| 1990 | 179 | $1,107 | $198,230 |
| 1994 | 322 | $1,961 | $631,484 |
| 1998 | 529 | $4,720 | $2,496,959 |
| 2002 | 1,810 | $5,662 | $10,248,260 |
| 2004 | 2,293 | $6,107 | $14,003,203 |
| 2008 | 3,002 | $8,069 | $24,223,187 |
| 2017 | 1,909 | $10,284 | $19,631,424 |
| 2019 | 2,209 | $12,448 | $27,497,750 |
| 2021 | 2,427 | $12,974 | $31,487,684 |
| 2022 | 2,155 | $13,262 | $28,579,134 |
Table Source: Equibase
Besides earnings, Steve is also a recipient of several awards. For instance, he won the Eclipse Award as the outstanding trainer twice in 2008 and 2009. He is also considered a perennial leader in victories in a season.
As of April 2013, the Bleacher Report ranked Steve as the third among the ten smartest trainers in horse racing. Todd Pletcher was ranked the No. 1.
Thus, it is evident that Steve Asmussen’s net worth increased significantly over the years of his professional career. Although the amount has not been revealed yet, his fortune might be a notable sum.
Alleged of Abusing and Mistreating Horses
One of Steve Asmussen’s career setbacks occurred in March 2014, when he went under investigation for allegedly mistreating and abusing horses.
The investigation, launched by the New York State Gaming Commission, started after the People for Ethical Treatment of Animals (PETA) provided them with an undercover video of his abhorrent practices.
Steve denied all accusations on the 2014 Kentucky Derby weekend, and the Kentucky Horse Racing Commission learned about him in January 2015 on the basis of its investigation.
Steve had to pay a $10,000 fine after 4 out of 14 specific allegations made by PETA were sustained.
Lifestyle and Assets
As mentioned earlier, Steve Asmussen’s wealth is a commendable sum. With a staggering fortune to his name, he might be living a comfortable life with his family.
Talking of which, the trainer has been happily married to his spouse, Julie Marie Asmussen. Furthermore, Steve Asmussen’s wife gave birth to their three sons, Keith James Asmussen, Darren Scott Asmussen, and Eric Mark Asmussen.
Nonetheless, Steve seems to be doing well, and hopefully, he will achieve more success in the coming days. Also, we look forward to more details about Steve Asmussen’s assets.
Trivia and Facts
- In February 2023, Steve became the first trainer with 10,000 victories in North America.
- His dad is a former jockey, and his mom is the first woman to train the winner of a major race for the sprinters.
- In September 2021, Steve was ordered to pay $610,000 in back pay, penalties, and damages after being found guilty of underpaying 170 employees at the Belmont and Saratoga race tracks.
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