Who is Paul Reddam and what is his net worth 2018? Paul Reddam is a successful former philosopher and now a businessman. He is the owner of Thoroughbred Racecourse and former Professor at California State University, Los Angels. And now he is the president of the CashCall Inc. The turning point of his horse racing business; When he won the 2012 Kentucky Derby from the Nineteenth position with his colt “I’ll Have Another”. This win proves a turning point for his horse racing business.
Paul Reddam was born in Windsor, Ontario, Canada on 28 July 1955. John Paul Reddam is widely known by his middle name. He takes his graduation with Bachelor’s Degree in Psychology from the University of Windsor. Then, he got his Master’s Degree in Philosophy from the University of Toronto. He moved to California in 1979 to get his Ph.D. from the University of Southern California. Paul Reddam wrote his Ph.D. monograph titled, “Pragmatics and the language of belief”. He founded the mortgage providing company, Ditech in 1995, and just after four years in 1999, he hands over the business to the General Motors. Now, he is the owner of the Cash Call Inc. a firm which provides small loans at high interests.
When he is a young man, Horse racing attracts towards it and soon Reddam became interested in horse racing that held at Windsor Raceway on some events. On every event, he was present there as owner while working as a professor at the University in Los Angels. He started the standardbred horses to competing in the Windsor Raceways (has since closed down), and at Cal Expo in Sacramento, California.
He had his first thoroughbred n 1988, and has enlarged his involvement to a current forty horse racing stable plus twenty broodmares for start his own breeding process in his breeding farms that are in California and Kentucky. Paul Reddam is very respected in the industry just for his strong support of Thoroughbred racing, his first dominant victory came in 2004. This win made him famous among horse racing world that comes with a win by 75% owned Wilko in the Breeder’s Cup Juvenile.
After two years, he won the Breeder’s Cup Turf with his Red Rocks horse in 2006. With his colt “I’ll Have Another”, he got his biggest achievement that comes when he win from the Nineteenth position, in the 2012 Kentucky Derby and the Preakness Stakes in same year. His horse Nyquist won the 2016 Kentucky Derby. Nyquist and I’ll Have Another, both are specially trained by Doug O’Neill, which was suspended due to his involvement in a drug offense. Mario Guiterrez is the jockey for both horses which won the 2012 and 2016 Kentucky Derby races.
Paul Reddam Net Worth
Paul Reddam is a very successful businessman in the world of horseracing as he won two times Kentucky Derby in 2012 and 2016. Now, he is the owner/ president of the CashCall Inc. which provides small loans at high interests. His major earning came from his CashCall Inc. and also funding for the Ditech company. His estimated Net worth is about $2 Billions.
John Paul Reddam is a former professor and philosopher. Now, he is the president at the CashCall Inc. and chief executive at the Ditech. In May 2000, Paul Reddam again joins the Ditech, after his three top managers were found involved in money extortion from peoples. Paul Reddam filed a case against GMAC Mortgage Corp, as the company failed to pay him $200 million that it borrowed after taking Ditech. At every point we found him a smart businessman. In Windsor, He is known as the Prince of the Racing Course.