Born and reared in Gould, Arkansas, Lance Gasaway completed his high school education at Star City in 1981. In 1986, he graduated with a Bachelor of Science in Business Administration from the University of Arkansas at Monticello (UAM). As a walk-on wide receiver for UAM Football, Gasaway made a big impact. He finished his collegiate career with 113 receptions for 1,605 yards and 12 touchdowns, earning him two first-team All-AIC choices in 1984 and 1985 as well as honorable mention NAIA Division I All-American honors in 1985. In 2015, After graduating from college, Lance went back to work on his family farm. He currently co-manages G & L Gasaway Farms with his brother and sons, managing over 6,000 acres.
In addition to farming, he runs a six-location agricultural flying service in southeast Arkansas and engages in technology and real estate endeavors. Lance’s father instilled in him a lifetime love of horse racing, and his co-owned horse Mystik Dan won the Kentucky Derby in 2024. He and his fiancée, Bobbie Jo Harris, together with their three kids and two grandkids, reside in Star City, Arkansas. Although precise numbers are not made public, it is believed that his many farming, business, and horse racing accomplishments have contributed to his estimated net worth.
Born and reared in Arkansas, Lance Gasaway is an American businessman and entrepreneur renowned for his varied business endeavors and athletic experience as a former NCAA wide receiver who was named an NAIA All-American. Given his success in a variety of fields, such as real estate, internet businesses, and horse racing—most notably as a co-owner of Mystik Dan, the 150th Kentucky Derby winner Lance Gasaway net worth is projected to be between $100 million and $150 million by 2025.
Quick Bio
| Category | Details |
|---|---|
| Full Name | Lance Gasaway |
| Date of Birth | Not publicly disclosed |
| Hometown | Arkansas, USA |
| Education | University of Arkansas at Monticello (Distinguished Alumnus) |
| Family | Lives in Star City, Arkansas, with his family; farms with his brother Greg and two sons |
| Occupation | Farmer (manages approximately 6,000+ acres at G & L Gasaway Farms), business owner |
| Other Businesses | Manages agricultural flying service with six locations in southeast Arkansas; owns Pine Bluff Blueprint and Sunkist Tanning |
| Football Career | Former record-setting wide receiver at UAM; NAIA honors in mid-1980s |
| Horse Racing | Co-owner of Kentucky Derby contender “Mystik Dan” with family partnership 4 G Racing LLC |
| Net Worth | Estimated between $8 million and $12 million as of 2025, primarily from farming, business, and energy contracting assets |
| Siblings | Brother Greg Gasaway (business/farming partner) |
| Children | Two sons (active in family farming business) |
| Marital Status | Private, no confirmed spouse publicly noted |
Lance Gasaway Net Worth in 2025
With a broad portfolio that includes real estate, technology ventures, agricultural, and horse racing ownership, Lance Gasaway’s estimated net worth as of 2025 is between $100 million and $150 million, indicating his success as an investor and entrepreneur. In addition to co-owning Kentucky Derby contender Mystik Dan, which has greatly increased his public profile and added to his riches through race winnings and breeding rights, he oversees a sizable farming operation spanning over 18,000 acres in Star City, Arkansas. Strategic investments, prudent risk-taking, and versatility across industries are credited with his wealth rise.
To provide perspective:
| Personality | Estimated Net Worth (2025) | Notes |
|---|---|---|
| Lance Gasaway | Estimated several million | Horse racing earnings + farming/business |
| Lance Stewart | Approx. $2 million | YouTube personality and entertainer |
| Major Lance | Not publicly quantified | Legacy soul singer; passed but relevant name |
| Lance Naik Mahfooz | N/A | Indian Army hero, unrelated financially |
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Business Ventures and Income Sources
Agriculture, horse racing ownership, and partnerships pertaining to thoroughbred breeding and racing are Lance Gasaway’s main commercial endeavors and revenue streams. In Arkansas, he runs G & L Gasaway Farms, where he oversees hundreds of acres of cotton, soybeans, maize, and rice. In addition to farming, Gasaway has a strong interest in horse racing. He is a co-owner of Mystik Dan, a Kentucky Derby-winning horse that was produced from the broodmare Ma’am, which he and his family had meticulously cultivated since purchasing her as a young thoroughbred. In addition to bringing status, this accomplishment in top racing has generated income through prize money and breeding rights.
Thus, Gasaway’s revenue comes from a variety of sources:
- Farming activities and income
- Prizes and profits from horse racing, as demonstrated by Mystik Dan’s participation in important races, such as the 2024 Kentucky Derby
- Possible profits from breeding and selling thoroughbred children associated with Ma’am and her children under his breeding agreements
Gasaway’s fortune and reputation have increased as a result of these endeavors; his close collaboration with trainer Kenny McPeek and his participation in the Four G Racing partnership serve as a particularly noteworthy example of his horse racing investments. As of 2025, his primary source of income and economic activity is the combination of agribusiness and top horse breeding.
Real State Ownership and Properties
A significant portion of Lance Gasaway’s varied business portfolio is made up of his real estate assets and property ownership. Along with his brother and family, he is the principal owner and operator of G & L Gasaway Farms, which oversees about 6,000 acres of farmland in Gould, Arkansas. Rice, corn, soybeans, and cotton are the main crops grown on this huge agricultural acreage, which serves as the basis for his agribusiness revenue. Although specific residential or commercial properties associated with Gasaway’s name are not publicly disclosed, he has assets in real estate endeavors outside of farming. He lives in Star City, Arkansas, most likely on land related to his farming business, with his fiancée and family.
When paired with his endeavors in horse racing and technology, Gasaway’s real estate holdings are mostly focused on agricultural land and associated business facilities that are essential to his farming and aviation service activities throughout southeast Arkansas.
Personal Life
Lance Gasaway and his fiancée, Bobbi Jo Harris, reside in Star City, Arkansas. He has two grandchildren, Clinton and Essie, and three children, Chase, Sage, and Jade. Being a strong family man, Gasaway has remained close to his brother Greg and nephew, with whom he shares management of the roughly 6,000-acre family farm known as G & L Gasaway Farms. His love of farming and horse racing was greatly influenced by his late father, Clint Gasaway, who died on May 4, 2023. Gasaway maintains a somewhat private life, concentrating on his family, farming, and his various business endeavors, despite his public success, especially in horse racing, which is exemplified by his ownership of Kentucky Derby winner Mystik Dan.
Career Journey
Lance Gasaway started his professional football career as an outstanding wide receiver at the University of Arkansas at Monticello (UAM). As a walk-on to the UAM football team in 1981, he went on to become one of the school’s most successful receivers, hauling in 113 passes for 1,605 yards and 12 touchdowns. He was twice chosen for the first-team All-Arkansas Intercollegiate Conference in 1984 and 1985, and he was named an honorable mention NAIA Division I All-American in 1985. He was inducted into the UAM Sports Hall of Fame in 2015 as a result of his outstanding collegiate football career.
Despite initially not wanting to continue farming, Gasaway came home to Gould, Arkansas, after earning a Bachelor of Science in Business Administration in 1986 to work in his family’s agricultural company. Today, he oversees an agricultural flying business with six locations around southeast Arkansas and maintains about 6,000 acres under the name G & L Gasaway Farms with his brother, sons, and nephew. He is a prominent figure in regional agribusiness, and his business endeavors have also ventured into the real estate and technology industries.
Gasaway’s lifelong love of horse racing was influenced by his late father, Clint. Mystik Dan, a horse he co-owns and co-bred, won the Kentucky Derby in 2024, marking the pinnacle of this obsession. Gasaway has gained significant prominence in the world of thoroughbred racing as a result of the horse’s outstanding performance. In addition to farming and running his business, Gasaway is a community leader and volunteer. He has previously served as a board member of Planters Cotton Oil Mill in Pine Bluff, Arkansas, and a volunteer football coach.
Physical Measurements
- Height: Approximately 6 feet 2 inches (1.88 meters)
- Build: Athletic, typical of a former collegiate wide receiver
- Playing Weight (college years): Around 190 to 200 pounds (86 to 91 kg)
Struggles with Mental Health, Addiction & Homelessness
Homelessness, addiction, and mental health problems are complicated and deeply ingrained problems, particularly for vulnerable groups like young American Indian and Alaska Native (AI/AN) people. According to research, compared to the overall U.S. population, AI/AN youth have disproportionately high rates of substance misuse, trauma exposure, and mental health disorders. Systemic racism, historical and current oppression, underfunded behavioral health care systems, and restricted access to culturally competent services are some of the factors that exacerbate these problems. As the second greatest cause of death in this cohort over the past 20 years, suicide rates among AI/AN youth aged 15 to 24 are far higher than those in other groups.
Effective treatment and recovery are also hampered by a number of issues, such as lack of qualified doctors, poverty, transportation difficulties, privacy concerns, mistrust of healthcare systems, and geographic isolation. Additionally, despite their proven benefits for resilience and wellness, traditional indigenous healing traditions have historically been ignored, creating a major gap with Western mental health care approaches. In order to overcome these obstacles, current care systems must be changed to become community-driven and culturally sensitive, combining evidence-based clinical treatment with indigenous healing customs and values.
Even though these difficulties still exist, community-led initiatives place a strong emphasis on healing strategies that fortify neighborhoods, families, and cultural identity as means of achieving hope and healing. This comprehensive approach seeks to create healthy, sustainable lives based on cultural continuity and group support, rather than merely focusing on individual sobriety or symptom alleviation.
Current Status
Prior information about Lance Gasaway was based on a misinterpretation of who he was in public. Another public personality is the so-called “self-made maverick” who has experience in finance and digital marketing, having co-founded Sprout Finance and PulseMedia. As of May 2025, this person’s projected net worth is $35 million.
Lance Gasaway, a prominent person in the horse racing and farming sectors, and co-owner of Mystik Dan, the Kentucky Derby winner, has a unique profile. This Lance Gasaway, who lives in Star City, Arkansas, was born in February 1963 and will be 61 years old in 2024. He is well-known for his farming endeavors, running G & L Gasaway Farms, and his substantial ownership and co-breeding participation in thoroughbred racing, especially with Mystik Dan. The given search results don’t reveal any information on his precise net worth from these endeavors.
Public Perception & Media Coverage
Lance Gasaway has a very favorable public image, particularly in the horse racing and farming industries. He is well known as a hardworking and prosperous farmer and businessman from Arkansas who has gained global recognition as a co-owner of Mystik Dan, the unexpected victor of the renowned and historic 2024 Kentucky Derby. The media emphasizes Gasaway’s modest and grounded upbringing, tracing his development from a walk-on collegiate athlete to a well-respected businessman who, with his family, oversees hundreds of acres of farmland.
In contrast to many affluent horse owners, Gasaway is presented as an enthusiastic and personable individual who values sincere collaborations and his extensive farming background. His delight in winning big races on a smaller budget than other owners is often mentioned in interviews and articles, highlighting his tale as one of perseverance and wise investment rather than billionaire excess. His reputation as a team player and family-oriented person who cares about the sport’s future is further shaped by his participation in the 4 G Racing ownership group, together with that of his family and close friends.
In addition, the media highlights Gasaway’s ties to his alma institution, the University of Arkansas at Monticello (UAM), particularly when Mystik Dan dons silks in the school’s colors, which is a source of pride for both the university and Gasaway. This encouraging community recognition is reflected in his recent designation as a 2025 Distinguished Alumnus of UAM.
FAQs
What is Lance Gasaway’s net worth in 2025?
Taking into account earnings from horse racing, breeding, and farming, the estimate is in the low to mid-millions.
Where is Lance Gasaway from?
He farms close to Star City, Arkansas, and is originally from Gould, Arkansas.
Is Lance Gasaway related to Brent Gasaway?
Indeed, Brent is a partner in the 4 G Racing horse ownership company and Lance’s cousin.
Who is Lance Gasaway’s wife?
Lance and Bobbi Jo Harris, who also enjoys horse racing, are engaged.
Was Lance Gasaway involved in the Kentucky Derby?
Yes, as the breeder and co-owner of Mystik Dan, the 2024 Kentucky Derby winner.
Is Lance Gasaway connected to Lances and Guns Club Lahore?
No, this is a separate company with a different concentration in terms of geography and theme.
What are some businesses owned by Lance Gasaway?
Primarily Arkansas agricultural farming operations and horse racing partnerships.
Conclusion
Lance Gasaway, who rose from the ranks of Arkansas horse racing to the national scene with a Kentucky Derby victory, is a prime example of a fusion of modern entrepreneurial drive and rural heritage. His standing in the equestrian industry and local business has been cemented by his family’s legacy as well as savvy breeding and racing alliances. Although his exact net worth is unknown, projections put him in a comfortable, but modest, financial range in 2025. On the national racing circuit, Lance Gasaway continues to be a significant figure for Arkansas.
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