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British billionaire Trevor Hemmings has passed away aged 86.
Woolwich-born racing tycoon Hemmings owned over 100 racehorses at one time, including three Grand National winners.
Hemmings was also the owner of Championship side Preston North End and Irish club Cork City.
According to The Sunday Times Rich List, Hemmings was worth £1.025 billion in 2020, the same as the year before.
He leaves behind his huge fortune to wife Eve and his four children.
His club Preston announced the news that their owner had passed away on Monday evening, and said that a further statement would be made in the coming days.
Hemmings was appointed Commander of the Royal Victorian Order (CVO) in the 2011 Birthday Honours for his service with The Princess Royal Trust for Carers, now renamed Carers Trust.
Hemmings' three Grand National-winning horses include Hedgehunter in 2005, Ballabriggs in 2011 and Many Clouds in 2015.
He also owned the favourite to win this year's national in Cloth Cap after Tiger Roll's withdrawl, but finished down in 28th.
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Victory would have seen Hemmings become the most successful owner in Grand National history.
Last August Hemmings scaled back his racing operation, despite winning a believed £1.8m in winnings over the past five seasons.
Hemmings made his huge fortune in the building business in the 1960s.
Having began with just £12, Hemmings ended up selling the company for a whopping £1.5m in 1970.
His business empire continued to grow as he opened thousands of pubs.
- Preston North End FC
- Grand National
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