 Peabody had amassed a personal fortune of $35 million and a business fortune of $75 million.In 1919 Francis Peabody began purchasing racehorses for the purpose of creating a stable of runners to compete in the sport of Thoroughbred racing.Although he had only been involved in racing for a few years he had an impact and his son, Stuyvesant Peabody, would continue the racing stable and eventually became President of the Lincoln Fields Jockey Club, owners of Lincoln Fields Race Track.