The Bahamas can claim a famous ‘Archie‘ of its very own in world history. By 1978, Bahamian physician, Dr. Archie Donaldson was already a multimillionaire, who’s thoroughbred horse, had already won the American Derby. In fact, Bahamian Archie Donaldson was the first ever millionaire horse racing, thoroughbred owner.
Archie Donaldson was world famous for his highly prized stable of thoroughbred horses and breeding farm.
(Ebony Magazine September 1978)
1978 – DONALDSON OWNED A MULTIMILLION DOLLAR COLLECTION OF THOROUGHBRED HORSES
By 1978, Dr. Archie Donaldson had successfully moved from a stable of just one $3,500 horse some 12 years prior, to an extensive stable of some 36 high quality thoroughbreds. Donaldson was boarding 16 mares, nine wealings and six yearlings as well as 5 thoroughbred racing horses in Chicago.
In addition, Archie Donaldson owned considerable interests in 13 top sire stallions in stud in Kentucky. For each share he owned, Donaldson was allowed to breed one of his mares each year.
1977 – Dr. Archie Donaldson’s Horse Wins Hawthorne Derby
Chieftain was a horse that Donaldson had a $10,000 share in. Chieftain sired Silver Series which won Donaldson $529,000 when he won in 1977.
Archie Donaldson in turn sold a controlling interest to William DuPont III for more than a million dollars.
Donaldson and DuPont went on to stud out winner Silver Series.
(The Miami News, Wednesday 08 June, 1977)
1977 – SILVER SERIES OWNED BY DR. ARCHIE DONALDSON WINS AMERICAN DERBY
(The Baltimore Sun, Sunday July 2, 1977)
(Ebony Magazine September 1978)
1990 – Dr. Archie Donaldson Successfully Sues Liberty National Bank and Trust Co. (now known as JP Morgan/Chase for $7 million dollars. But Award Is Reversed And New Trial Ordered
Archie Donaldson v. Liberty National Bank (now known as JP Morgan/Chase). Jury ward of $7 million dollars against bank for breach of contract where bank interfered with the purchase of a stallion shares in Najaski II and Mr. Prospector.
