John Magnier (born 10 February 1948; also known as "The Boss") is an Irish
business magnate
A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through perso ...
. He is Ireland's leading
thoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word ''thoroughbred'' is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed. Thoroughbreds are ...
stud owner and has extensive business interests outside the horse-breeding industry.
Magnier has also been a Senator in the upper house of the Irish Parliament,
Seanad Éireann
Seanad Éireann (, ; " Senate of Ireland") is the upper house of the Oireachtas (the Irish legislature), which also comprises the President of Ireland and Dáil Éireann (the lower house).
It is commonly called the Seanad or Senate and its ...
. He is based at
Coolmore Stud
Coolmore Stud, in Fethard, County Tipperary, Ireland, is headquarters of the world's largest breeding operation of thoroughbred racehorses. Through its racing arm, Ballydoyle, Coolmore also has raced many classic winners and champions. The oper ...
County Tipperary
County Tipperary ( ga, Contae Thiobraid Árann) is a Counties of Ireland, county in Republic of Ireland, Ireland. It is in the Provinces of Ireland, province of Munster and the Southern Region, Ireland, Southern Region. The county is named afte ...
, considered one of the world's pre-eminent stallion stations, and a nursery of thoroughbreds.
Career
Origins
Magnier was born in
Fermoy
Fermoy () is a town on the River Blackwater in east County Cork, Ireland. As of the 2016 census, the town and environs had a population of approximately 6,500 people. It is located in the barony of Condons and Clangibbon, and is in the D� ...
,
County Cork
County Cork ( ga, Contae Chorcaí) is the largest and the southernmost county of Ireland, named after the city of Cork, the state's second-largest city. It is in the province of Munster and the Southern Region. Its largest market towns ar ...
, the eldest son of Thomas Magnier (died 1962) a County Cork landowner (son of Michael Joseph Magnier of The Manor House, Fermoy, County Cork) by his wife Evelyn Margaret Hallinan (born 1925), the younger daughter of Major Thomas Francis Dennehy Hallinan of Ashbourne, Glounthaune, County Cork. His aunt Mary Elizabeth Hallinan married
Rupert Watson, 3rd Baron Manton
(Joseph) Rupert Eric Robert Watson, 3rd Baron Manton (22 January 1924 – 8 August 2003), DL, of Houghton Hall in the parish of Sancton, Yorkshire, was a British soldier, landowner and racehorse owner who served as Senior Steward of the Jockey ...
, Senior Steward of the
Jockey Club
The Jockey Club is the largest commercial horse racing organisation in the United Kingdom. It owns 15 of Britain's famous racecourses, including Aintree, Cheltenham, Epsom Downs and both the Rowley Mile and July Course in Newmarket, amo ...
1982–85, effectively the chief executive of the British horse racing industry.
Early life
Magnier received his formal education at
Glenstal Abbey
Glenstal Abbey is a Roman Catholic Benedictine monastery of the Congregation of the Annunciation located in Murroe, County Limerick, Ireland. It is dedicated to Saint Joseph and Saint Columba. The current abbot of the monastery is Brendan Cof ...
in
County Limerick
"Remember Limerick"
, image_map = Island_of_Ireland_location_map_Limerick.svg
, subdivision_type = Country
, subdivision_name = Republic of Ireland, Ireland
, subdivision_type1 = Provinces of Ireland, Province
, subd ...
but had to leave school at 15 to take charge of the family estate near Fermoy after his father died.
Coolmore
Magnier later moved to Fethard,
County Tipperary
County Tipperary ( ga, Contae Thiobraid Árann) is a Counties of Ireland, county in Republic of Ireland, Ireland. It is in the Provinces of Ireland, province of Munster and the Southern Region, Ireland, Southern Region. The county is named afte ...
, where he transformed
Coolmore Stud
Coolmore Stud, in Fethard, County Tipperary, Ireland, is headquarters of the world's largest breeding operation of thoroughbred racehorses. Through its racing arm, Ballydoyle, Coolmore also has raced many classic winners and champions. The oper ...
into a multi-million-euro international business. The business is headquartered in County Tipperary where a number of other stud farms are part of an extensive network which includes Longfield and Castlehyde studs. The operation also has branches in
Versailles, Kentucky
Versailles () is a home rule-class city in Woodford County, Kentucky, United States. It lies by road west of Lexington and is part of the Lexington-Fayette Metropolitan Statistical Area. Versailles has a population of 9,316 according to 2017 cen ...
and at Jerrys Plains, New South Wales, Australia.
Magnier began his association with Coolmore in partnership with his father-in-law and champion racehorse trainer, Vincent O'Brien, and Vernon's Pools magnate,
Robert Sangster
Robert Edmund Sangster (23 May 1936 – 7 April 2004)
. They developed the best racing horses and breeding stock, mainly by purchasing the progeny of the great Canadian stallion
Northern Dancer
Northern Dancer (May 27, 1961 – November 16, 1990) was a Thoroughbred who, in 1964, became the first Canadian-bred horse to win the Kentucky Derby. He then became one of the most successful sires of the 20th century. He is considered a Canadi ...
. Their forays to the bloodstock auctions at
Keeneland Sales Keeneland Sales is an American Thoroughbred auction house in Lexington, Kentucky founded in 1935 as a nonprofit racing/auction entity on 147 acres (0.59 km2) of farmland west of Lexington, which had been owned by Jack O. Keene. A division of ...
furthered their rising stock at home. Eventually, Magnier came to head the operation and thus began an upward spiral of success. His racing empire, which became arguably the most successful on the planet, is nowadays powered by a huge string of blue-blooded thoroughbreds trained at Ballydoyle by
Aidan O'Brien
Aidan Patrick O'Brien (born 16 October 1969 in County Wexford, Ireland) Aidan O'Brien bio NTRA ...
, plus dozens of others in the care of a number of other trainers.
Champion sires to have stood at Coolmore include the incomparable
Sadler's Wells
Sadler's Wells Theatre is a performing arts venue in Clerkenwell, London, England located on Rosebery Avenue next to New River Head. The present-day theatre is the sixth on the site since 1683. It consists of two performance spaces: a 1,500-se ...
Giant's Causeway
The Giant's Causeway is an area of about 40,000 interlocking basalt columns, the result of an ancient volcanic fissure eruption. It is located in County Antrim on the north coast of Northern Ireland, about three miles (5 km) northeast of ...
, and
Epsom Derby
The Derby Stakes, also known as the Epsom Derby or the Derby, and as the Cazoo Derby for sponsorship reasons, is a Group 1 flat horse race in England open to three-year-old colts and fillies. It is run at Epsom Downs Racecourse in Surrey ...
winner High Chaparral.
Less successful at Coolmore was George Washington, winner of the 2,000 Guineas and Queen Elizabeth II Stakes in 2006. George Washington proved infertile, was returned to racing, and suffered a fatal breakdown in the 2007 Breeders' Cup Classic. George Washington was replaced at stud by another son of Danehill, Holy Roman Emperor, removed from training at the start of his three-year-old season. The strength of thoroughbred talent residing at Coolmore is indicated by the fact that eleven of the fifteen winners of the blue riband of the turf, The Derby, between 1998 and 2012 were sired by Coolmore stallions (High Estate, Fairy King, Grand Lodge, Sadler's Wells (two), Danehill, Montjeu (four) and Galileo).
Other business ventures
Outside the equine business, Magnier has proven to be an astute investor and together with associates J. P. McManus, Dermot Desmond, Joe Lewis, Michael Tabor and Derrick Smith has enjoyed phenomenal success. A high-profile venture was his stake of 28.89 per cent shareholding in football club
Manchester United F.C.
Manchester United Football Club, commonly referred to as Man United (often stylised as Man Utd), or simply United, is a professional football club based in Old Trafford, Greater Manchester, England. The club competes in the Premier League, ...
Alex Ferguson
Sir Alexander Chapman Ferguson (born 31 December 1941) is a Scottish former football manager and player, best known for managing Manchester United from 1986 to 2013. He is widely regarded as one of the greatest football managers of all ti ...
was tested in a dispute over bloodstock rights to prolific Group 1 winner (seven wins)
Rock of Gibraltar
The Rock of Gibraltar (from the Arabic name Jabel-al-Tariq) is a monolithic limestone promontory located in the British territory of Gibraltar, near the southwestern tip of Europe on the Iberian Peninsula, and near the entrance to the Mediterr ...
which currently stands at Coolmore.
Wealth
Magnier is said to be the most influential man in horse racing and breeding worldwide, even over Sheikh
Mohammed bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum ( ar, محمد بن راشد آل مكتوم, links=no; ; born 15 July 1949) is the vice president, prime minister, and minister of defence of the United Arab Emirates (UAE) as well as the ruler of Dubai. H ...
. While Magnier's fortune is in the realms of speculation, '' The Sunday Independent'' estimated his wealth at €2.3 billion in 2018, although this is conservative as
Coolmore Stud
Coolmore Stud, in Fethard, County Tipperary, Ireland, is headquarters of the world's largest breeding operation of thoroughbred racehorses. Through its racing arm, Ballydoyle, Coolmore also has raced many classic winners and champions. The oper ...
is valued at more than €4 billion alone, in addition to his personal property portfolio and other investments and holdings.
Personal life
He is married to Susan O'Brien, a daughter of Irish racehorse-trainer Vincent O'Brien. The couple have five children.