Who is Richard Duchossois?
He is an Illinois based investor. He founded the Duchossois Group (TDG), a privately held investment company. He was born in October 1921. He is married to Mary, they have 4 children.
The company’s investments include The Chamberlain Group, Inc. (access control products), Chamberlain Manufacturing Company (defense products), AMX LLC (command, control and communications products), HeathCo (motion-activated controls).
Milestone AV Technologies (audio-visual mounting solutions), Brivo (internet-based access control systems), Duchossois Capital Partners (private equity) and Duchossois Technology Partners (early-stage venture capital).
TDG also holds strategic interests in Churchill Downs, Incorporated (NASDAQ: CHDN). TDG has over $2 billion in assets under management. And has more than 5,000 employees.
Richard’s son Craig Duchossois is Chairman and Chief Executive Officer of The Duchossois Group. He is in his 70’s now.
World War II veteran
Duchossois served in five European campaigns during World War II. He was awarded various citations before being released from active service as a major in 1946.
From 1952-1980 Duchossois was CEO of Thrall Car Manufacturing Company. Which was owned by his wife’s father and was one of the nation’s leading rail car manufacturers.
In 1980, he purchased Chamberlain Manufacturing Corp. And became its Chairman.
Duchossois is active in horse racing. He owns the Arlington Park Race Track. And served as a director of the Thoroughbred Racing Association. He owns the Hill n Dale Farm in Barrington Hills, Ill. Where he has bred and owned horses for nearly three decades.
Included among the top horses raced by Duchossois are Explosive Darling, Secretaridge, Royal Copenhagen. And Eclair de Lune, who gave him his most cherished victory in the 2010 Beverly D Stakes race at Arlington.
Beverly D. Stakes
Duchossois founded the Beverly D. Stakes in memory of his late wife Beverly. Who died of cancer in 1980.
Duchossois Net Worth
His net worth is more than US$ 1 billion.