Ogden Mills “Dinny” Phipps led the distinguished stable, whose roots are in Wheatley Stable started in 1926 by his grandmother, Mrs. Henry Carnegie Phipps. His father, Ogden, was a prominent owner and breeder, who raced in his own name.
Dinny Phipps’ great-grandfather, Henry Phipps, was a childhood friend and business partner of Andrew Carnegie, and they made their fortunes together in the iron and steel business in the 19th Century. Mrs. Phipps was the driving force behind Wheatley Stable until her death in 1970. Her top horse was Bold Ruler, talented on the track and later a prominent stallion and sire of Secretariat.
Ogden Phipps owned nine national or Eclipse Award champions, including Buckpasser, Easy Goer and Personal Ensign. As Ogden Phipps approached his late 80s, he wanted to make sure that his family continued it tradition in racing and began breeding in the name of Phipps Stable. The stable was then owned by Dinny Phipps and his children. Daisy Phipps Pulito assisted her father with its management during the last years of his life, and Phipps Stable continues to campaign horses following Dinny Phipps' death in April 2016. The stable’s long list of top horses includes Rhythm, Inside Information, Smuggler and Storm Flag Flying.
In 2013, Orb shined for Phipps Stable. The bay Malibu Moon colt, owned and bred by Phipps Stable with cousin and longtime associate Stuart Janney III, won the 2013 Kentucky Derby, giving both Phipps Stable and Hall of Fame trainer Shug McGaughy their first Derby wins. From there, the colt ran in the Preakness Stakes where he finished fourth. Orb then finished third in the Belmont Stakes and Haskell Invitational and made one more start before retiring to a stud career.