Thoroughbred owner Clifford Grum died at the age of 82 at the Hospice of Pines in Lufkin, Texas. In addition to owning horses, Grum was also known for being the publisher of Fortune Magazine and Executive Vice-President of Time Inc.
Until his death, Grum was the Chairman of First Bank and Trust East Texas. He had previously served on their board before being named the Chairman. His business ventures led him to serve on a number of prominent boards such as Time Inc., Guaranty Federal, Trinity Industries, Premark International, Cooper Industries, and Tupperware Brands.
“He was just a wonderful human being,” said Dr. J. David Richardson, who is a member of The Jockey Club and Kentucky Horse Racing Commission. “He loved horses and loved racing. The last time I saw him was at Churchill Downs around the end of the meet. He was game to the end.
“I know he was very active in his church and was a very generous person in a quiet way,” added Richardson. “In everything he did he was generous, but understated. He never wanted any credit.”
As for his Thoroughbred owning career, Grum’s horses ran in the name of his first wife, Janelle, and then later under the name of his second wife, Mary. The only graded stakes win of Grum’s was in 1998, when Relic Reward won the Exxex Handicap (gr. III) at Oaklawn Park.
The past couple of years saw Mary Grum’s Athena win two stakes races: the Thirty Go Go Stakes last year at Laurel Park and the Roxelana Stakes this year at Churchill Downs.