American Pharoah Could Make $40 Million a Year in Stud Fees

American Pharoah is set to make $40 million on stud fees during his first year in retirement.

The racehorse became the first ever Grand Slam winner—winning the Triple Crown (Kentucky Derby, Preakness, Belmont) and the Breeders’ Cup Classic—this year and will command “a price of $200,000 per live foal,” according to reports.

American Pharoah stud fee confirmed at $200K, could easily do 200 bookings in 5 months. Payable when horse is born pic.twitter.com/TPcQXl7KbO

— Darren Rovell (@darrenrovell) November 6, 2015

ESPN notes that “a stallion typically can book 200 mares in a year, which would mean American Pharoah’s first year as a stallion could be worth $40 million.” The racehorse earned $8,288,000 this year but is on pace to make much more in his new life so long as he can produce offspring. As the Courier-Journal points out, “there are no guarantees in breeding”—“2002 Kentucky Derby winner War Emblem had difficulties doing so and produced few offspring.”