August Belmont IV [SEP] educated at
to another uncle, Perry Belmont. A graduate of Harvard University, in 1931 August Belmont IV went to work for the securities firm of Bonbright & Co. and remained in the industry for the rest of his working life. In the latter part of the 1940s he was hired by close friend Douglas Dillon to work for Dillon, Read & Co. Belmont became a partner in the investment banking firm and served as its president from 1962 until his retirement in 1971.
He was first married in 1931 to Elizabeth Lee Saltonstall of Boston
with whom he had four children. They divorced in 1946 and he married Mrs. Louise Vietor Winston.
In 1982, August Belmont IV became chairman of The Jockey Club.
A resident of Syosset on Long Island, New York, following his retirement from banking August Belmont IV made his home in Easton, Maryland where he died in 1995 at age eighty-six.
Racing.
August Belmont IV followed a family tradition by becoming active as a racehorse owner. However, his involvement was to a far lesser extent