Bred at John D. Marsh's farm in Gainesville, Virginia, he was out of the mare Pied Princess, a daughter of 1953 American Horse of the Year and U.S.
Eleven days after the Kentucky Derby, he debuted on grass with a win in the Hill Prince Stakes at Aqueduct Racetrack.
On October 17, 1982, Majesty's Prince won the first major event of his career, the Rothmans International at Woodbine Racetrack in Toronto, Ontario, Canada.
Following his Canadian victory, the three-year-old colt ran second to April Run in the next two legs of a series: the October 23 Turf Classic at New York's Belmont Park and the November 7 Washington, D.C. International Stakes at Laurel Park Racecourse in Laurel, Maryland.
Racing at age four in 1983, Majesty's Prince won the Man o' War Stakes and Sword Dancer Invitational Handicap.