The win was a big one for Calumet Farm, too, the iconic stable being revitalized by new owner Brad Kelley.

WSJ: Belmont Stakes: Oxbow vs. Orb in the cards

Oxbow was bred in Kentucky and is owned by Calumet Farm, one of the classic Kentucky farms that was founded in 1924 and is now leased to and operated by billionaire Brad Kelley.

WSJ: Oxbow Upsets Orb in Preakness Stakes

Though he is still buying large pieces of land mostly in Texas, where he purchased about 44, 000 acres in adjoining cattle ranches over the summer, and Kentucky, where he bought the 800-acre Calumet Farm this spring land only represents about a quarter of his businesjs interests.

WSJ: The Man With a Million Acres