Net Worth: $21 Million
- Source of Wealth Horseracing
- Birth Place Barbados
- Full Name Michael Ronald Stoute
- Nationality United Kingdom
- Date of Birth October 22, 1945
About Michael Stoute
Barbadian British thoroughbred horse trainer, Michael Stoute has a net worth of £14 million as of May 2012, according to the Sunday Times UK Rich List. After a vintage 2010, when he trained Workforce to win the Derby and the Prix de l’Arc de Triomphe, boosting his total prize money to more than £5 million, Stoute had a quiet 2011. His horses also won the 2009 and 2010 King George VI and Queen Elizabeth Stakes at Ascot. In 2009 he enjoyed a clean sweep of the placings at British flat racing’s richest event, helping him to claim the champion trainer title for a 10th year. In an era dominated by major stables funded by the Irish Coolmore operation or fabulously wealthy Arabs, Stoute is the last independent trainer who can regularly give the biggest players a decent run for their money. He trains at Newmarket in two separate yards, Freemason Lodge and Beech Hurst. Stoute owns Michael Stoute Ltd, which in 2010 published abbreviated accounts showing net assets rising sharply to £1.1 million. The full accounts from 1999-2003 show he took £3.1 million in salary and dividends.