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Born on a farm, Leonard Jerome grew up to study law and after graduating university, set up practice in Rochester, New York. He later moved to New York City where he became a notable and flamboyant stock market speculator and promoter.

Leonard Jerome acquired a majority shareholder of the New York Times newspaper and had interest in a number of railway companies. A patron of the arts, he was the founder of the American Academy of Music. Jerome was also an avid sportsman and enjoyed yachting with his friend, William Kissam Vanderbilt, but he had a special passion for thoroughbred horse racing. He helped establish the American Jockey Club and built the Jerome Park Racetrack in the Bronx in conjunction with financier August Belmont, Sr. where the first Belmont StakesThe Belmont Stakes is a prestigious horse race held yearly on the first Saturday of June, at Belmont Park in Elmont, New York. The race is the third leg of the Triple Crown, following the Kentucky Derby and the Preakness Stakes. 4 km) thoroughbred horse r was held in 1867. A resident of Brooklyn, he was also responsible for the construction of the Sheepshead BayBody of water Sheepshead Bay is a bay separating the mainland of Brooklyn, New York City from the eastern portion of Coney Island, the latter orignally a barrier island but now effectively an extension of the mainland with peninsulas both east and west. racetrack which hosted meets for the Coney Island Jockey Club.

In 1849, he married Clara Hall (1825-1895) with whom he had three daughters, one of whom was Jennie JeromeJeanette (Jennie) Jerome known also as Lady Randolph Churchill ( January 9, 1854 June 9, 1921) was an American society beauty, best known to history as the mother of British prime minister Winston Churchill. She was born at 8 or 197 Amity Street, in the C. Leonard Jerome's wealth afforded his daughters the opportunity to spend much time in EuropeFor the band of the same name, see Europe (band . Europe is a continent forming the westermost part of the Eurasian supercontinent. Europe is bounded to the north by the Arctic Ocean, to the west by the Atlantic Ocean, to the south by the Mediterranean Se where they associated with the the aristocratic elite of the day. On the Isle of WightThe Isle of Wight is an island off the south coast of England opposite Southampton. Colloquially, it is known as 'The Island' by residents. Its population was 132,731 in the 2001 census (and 126,600 in 1991). The Island has a single MP (currently Andrew T, Jennie Jerome met and later married England's Lord Randolph ChurchillFor other meanings see Churchill (disambiguation). The Lord Randolph Henry Spencer-Churchill ( 13 February 1849 24 January 1895) was a British statesman. Lord Randolph was the third son of the 7th Duke of Marlborough and Frances, daughter of the 3rd Marqu, son of the Duke of Marlborough. They gave Leonard Jerome two grandsons, including Winston Churchill who became Prime Minister of the United KingdomIn the United Kingdom, the Prime Minister is the head of government, exercising many of the executive functions nominally vested in the Sovereign, who is head of state. According to custom, the Prime Minister and the Cabinet (which he or she heads) are re.

Jerome Avenue in Brooklyn is named in Leonard Jerome's memory, as is Jerome Avenue in the Bronx. In the Bronx, Jerome Park was once the site of a horse racing track. The New York Metropolitan Transit Administration's #4 Train, the Lexington Avenue -Jerome Avenue Express, runs past one of New York's famous landmarks, Yankee Stadium, located between Jerome Avenue and River Avenue at 161st Street.

Leonard Jerome died at the age of 73 in Brighton, England.