Graded Stakes Winning Owners - Richard Nicolai (Fortune Farm) – Secret Money

Article by Bill Heller

Before he began in Thoroughbred racing, Richard Nicolai was a devout harness racing fan. Born in Pleasantville, New York, north of Yonkers, he spent many nights at Yonkers Raceway and Roosevelt Raceway. “I was always a horse lover—all kinds of horses,” he said. “I owned a few saddle horses. I rode.”

After getting married, he moved to Long Island, where he began and ran a business of manufacturing light fixtures for 35 years. He spent many nights at Roosevelt Raceway, which once hosted the top level of harness racing in the country. “I was there every night,” Nicolai said. “I had dinner every night at the Cloud Casino. It was so exciting to be under the lights. I loved everything about it.”

Then he got more involved, first by jogging horses, than training them on and off for three years. He had a chance meeting with legendary driver/trainer Billy Haughton one night at Wolverine Racetrack in Michigan. “I walked up to him, and we talked about racing for hours,” Nicolai said. “I learned so much from Billy Haughton. I was just a little guy with a couple of horses, and he treated me with respect. I’ll never forget it.” 

Ten years later, he got involved with Thoroughbreds, first with partners. His second Thoroughbred, Not So Fast, won the 2000 Stymie Handicap for trainer Bruce Levine. Not So Fast would post 10 victories, eight seconds and five thirds from 38 starts, making $318,777.

When he retired in 2019, he was happily able to devote himself exclusively to his horses. “The horses take all my time,” Nicolai said. He is happy to share that time with his wife, Lynn, their 44-year-old son Adam, an oral surgeon, and his 44-year-old daughter Hope, a dentist. “My wife loves it,” he said. “She comes to the sales and to the races. The kids are always watching our horses.”

He named his stable Fortune Farm, and he was the sole owner of Sue’s Fortune, a daughter of Jump Start out of Democrat Taxes by Catienus, who’s three victories in six starts included the 2018 Gr. 2 Adirondack Stakes at Saratoga for trainer Jeremiah Englehart. She was also second by three-quarters of a length in the $139,000 Jersey Girl Stakes. She earned $221,700. “She’s a home-bred,” Nicolai said. “I still have her mother.”

His partnership with long-time friends Bob Hahn and Matt Hand reached a high point with Secret Money, a Good Samaritan filly out of Awesome Humor by Distorted Humor, which they purchased as a two-year-old in May 2022, for just $40,000. Secret Money won a lot of money when he captured the $1 million Gr. 3 Big Ass Fans Music City Stakes by one length at Kentucky Downs, September 2. Brendan Walsh is her trainer.

Hahn was euphoric, watching the race from his home in Hilton Head, South Carolina: “My wife and I were screaming. We scared the neighbors. We’d never even been in a million-dollar race.”

He thanks his grandfather for his love of racing. “I was the designated go-along to make sure that he had company,” Hahn said.  “We went to Monmouth, Aqueduct and Keystone.”

He’s delighted with his partners: “Richard and Matt are the greatest guys to work with. They’re honest as the day is long. We all had our separate ways and decided to put our heads together.”

Nicolai said, “Bob is a breeder, as I am. He had a few good horses over the years. Matt is younger than us. He’s a very smart guy, very analytical and a great partner. We just bought two nice Street Sense fillies for $375,000 at the Keeneland September Yearling Sales.”

Nicolai said a lot of his success has been thanks to Travis Durr at the Travis Durr Training Center in St. Matthews, South Carolina: “He looks for yearlings for me. He starts with hundreds of horses and sends me a short list. That’s how we got Secret Money.”

Secret Money has three wins and a third from her first six starts with earnings of $740,311.

“We bought her very cheap,” Durr said. “We did the right thing by her. And it paid off. She’s a real nice filly.”

Durr said he and his wife, Ashley, who helps run the training center, have known the Nicolais, Richard and Lynn, for about 12 years: “In the past few years, he’s been doing more and more. He’s kind of stepped up and bought up, not relying just on home-breds. He’s trying to get a better horse. He’s got a lot of patience. He’s a great guy, a family guy. He’s got a lot of trust in us. We’ve gotten close to him and his wife. They’re like family.”

Nicolai now has 25 broodmares, half a dozen weanlings, four yearlings and six racehorses. “I’m a partner on another eight horses,” he said.

Walsh has done a great job with this filly. “We were looking for a good trainer with a good reputation with turf horses,” Nicolai said. “I’ve sent him several turf horses. We’ve been together for three years. I have good partners and a great trainer.”

And he loves horses as much as he ever did. “First of all, I love the competition. I got very interested in breeding and pedigrees. I study pedigrees. I have so much fun seeing how horses turn out. I enjoy that. My wife enjoys that, too.”