How Much Is American Pharoah Worth?

History was made Saturday.

American Pharoah ended years of near-misses, heartbreak, and disappointment with a win at Saturday’s Belmont Stakes by becoming the 12th horse to win the American Triple Crown.

The 3-year-old Colt beat second-place winner Frosted by 5 and a half lengths, an impressive feat, but well short of Secretariat’s 31 lengths, which is still a Bemont Stakes record.

By galloping his way into horse racing immortality, the horse has a place in history. Not just horse racing history or Triple Crown history, but Bergen County history as well.

Of the Triple Crown win, trainer Bob Baffert told Forbes, ”This little horse deserves it. There’s something about this horse that he just brought it every single time. He’s a joy to be around.”

Forbes estimates the horse to be worth $50 million. HIs breeding rights were sold to Coolmore Ashford Stud late last year for a reported $13.8 million, that amount doesn’t account for the ract that the horse is a Triple Crown winner, the publication reported.

Glenye Cain Oakford told Forbest that he estimates the horse’s value to be $25 million.

“I admit, I’m probably more conservative than some people, but then again, that Triple Crown can add a certain amount of charm that we’ve not seen in 37 years, so I don’t know what the market does with that,” she told Forbes.

Experts told the International Business Times that the value could skyrocket to as much as $100 million, which could mean he could fetch between $100,000 and $150,000 in stud fees for every mare he breeds.

But American Pharoah’s value is ultimately dependent on how successful the horses he sires are at winning big-money races.

“At the end of the day, the real money in these horses is when they become proven stallions, [which] have offspring that are running in the top races,” People then pay multiples of the starting fee when they started off the race track,” Reiley McDonald, a managing partner with thoroughbred consulting firm Eaton Sales, told IBTimes.com.