he is mostly uninterested in daily price fluctuations. Horse Racing Klarman owns Klaravich Stables Inc. and has been racing horses with William Lawrence since 2006. Their horse, Cloud Computing, won the 2017 Preakness Stakes. In 2019, Klarman and Lawrence won the Outstanding Owner category at the Eclipse Awards, mainly due to the incredible season for their horse Bricks and Mortar. In 2022 the stable won the Preakness Stakes on Seth Klarman's 65th birthday with their lightly raced horse Early Voting. Personal life Klarman typically keeps a low profile, rarely speaking in public or granting interviews. He lives in Chestnut Hill, Massachusetts with his wife, Beth Schultz Klarman, whom he met on a Boston Harbor cruise in 1982; they have three children. His brother, Michael Klarman, is a professor at Harvard Law School. Political and economic views Klarman has donated to both Democratic and Republican groups and candidates while being registered an independent voter. However, since the election of Donald Trump in 2016, he has donated almost exclusively to Democrats. He has also given extensively to philanthropic causes through the Klarman Family Foundation, which he runs with his wife. The foundation has $700 million in assets as of 2018 and gave away $40 million in 2016. It focuses on pro-democracy initiatives, such as supporting groups that protect journalists, fight against bigotry, and advocate for LGBT rights. Klarman is a major backer of political non-profits such as the Ending Spending Fund and the pro-same-sex marriage American Unity Fund. He has stated: "I'm a complicated guy, I'm fairly nuanced in my views. I'm trying to do what I think is the right thing for the country." In the 2016 presidential election, he gave the maximum donation of $5,400 to Hillary Clinton's campaign, stating that "Donald Trump is completely unqualified for the highest office in the land." After the inauguration of U.S. President Donald Trump, he released a highly circulated (but internal) letter to members of his fund that denounced the upcoming investing climate. The letter states: Exuberant investors have focused on the potential benefits of stimulative tax cuts, while mostly ignoring the risks from America-first protectionism and the erection of new trade barriers. President Trump may be able to temporarily hold off the sweep of automation and globalization by cajoling companies to keep jobs at home, but bolstering inefficient and uncompetitive enterprises is likely to only temporarily stave off market forces. Although Klarman