born august egyptian american entrepreneur owner race horses currently serves ceo horse racing business bred owns triple crown winner american new_york_times described controversial successful flamboyant owners racing born cairo egypt wealthy family grew diverse neighborhood learned ride horses age moved united_states attended college ultimately obtained master degree business public health brief career commercial real estate new_york_city returned egypt decade ran owned investment group company purchased stayed years began investing established returning united_states good racing stables time occupation working son build business generally successful race horses goal winning times including second place finishes win american filed chapter bankruptcy proceedings bank called note tried horses successfully completed chapter reorganization plagued legal issues related penchant betting large sums money horse racing nonetheless generated considerable positive publicity social media efforts save life threatening health problems successful struggle earned moment year award award family orthodox jews currently lives new_jersey wife children benjamin emma eldest son helps run operation youngest emma inspired dam american early career personal life arabic known hebrew born egypt affluent egyptian jewish family grew diverse neighborhood cairo suburb father prominent doctor professor medicine personal physician grandfather leading intellectual established egyptian literary magazine described important intellectual weekly 1930s egypt arab world born peasant family earlier studied taking legal studies cairo paris taught arabic literature cairo years baghdad founding young man learned ride horses local country club competed jumping early teens winning national titles child age divisions moved united_states age earned undergraduate degree obtained master degree public health administration website stated attended harvard_university graduation worked new_york_city commercial real estate developer investor described toughest guy worked great returned egypt formed investment group purchased owned egyptian government helped find american investors government owned businesses 1950s original beer product poor quality mocked able power heavy machinery diesel fuel available leadership additional brands beer introduced developed non alcoholic beer designed specifically muslim market company modernized run operation publicly traded business sold million times pre acquisition largest corporate egyptian history continued run periodically returned united_states started buying formed motivation return involved family children leaving declared retiring wife explained retired seconds soon expanded horse operation include breeding racing stock owns business interests egypt including majority egypt largest maker glass containers lives new_jersey wife couple children benjamin emma graduate works closely father business residing primarily new_jersey residences new_york egypt london family orthodox jews hebrew family community jewish schools charities including help special needs children new_york_times stated publicly identified jewish muslim times family attends congregation keeps jewish observes laws food questioned religious affiliation stated relevant matter personal began buying race horses owns approximately horses time number big ticket sales purchases early including horse named purchased million addition paid million highest priced horse select sale named million named honor jewish philosopher respected jews muslims time explained horse going superstar wanted appropriate wanted pro peace loving neighbor difficulty obtaining reserved owned race horses happened chairman board alma mater donated school promote peace released reservation racing promising racing career cut short injury races horses began earn race north_america leading owner earnings ranked second nation earnings fourth fifth nationally ranked leading owners purse money won years horses stages racing process young horses training active racing stock daughters inspiration names race horses stakes winner turn inspired daughter costume jewelry business dam american race horse named business base horse racing operation new_jersey horses live different locations horse breeding stock live kentucky young horses started florida racing stock training multiple trainers including keeps kentucky roughly operation stood breeding stud typically retains interest sends stud case kept interest horses include grade winners include breeders cup runner winner winner winner won time grade winner entered horses races times best result fourth place finish experienced significant highs lows quest triple crown classic wins times horses placed second kentucky derby started streak horses finishing second kentucky derby classic races defeated bird campaigned winner considered favorite kentucky derby sunday prior withdrawn race subsequently retired stud soft tissue injury taken year heal entered finished second horses ran second legs triple crown finished narrow second place switching horses finished second went win grade shortly developed near fatal complications authorized highest quality care horse following abdominal surgery months rehabilitation successfully returned racing son began making regular social media updates twitter horse developed significant fan base received hundreds cards children struggle return health won moment year award award triple crown race losing streak finally broken won stakes horse win triple crown litigation related disputes described controversial successful flamboyant owners racing new_york_times success accompanied number legal controversies racing stable survived chapter bankruptcy proceedings faced number legal issues associated penchant betting large sums money horse racing bankruptcy december sued alleged million unpaid loans taken multiple loans bank totaling million fifth alleged default failed payments loan package bank security interest horses prize money stallion shares stallion income bank added amended provision later loans stating notes default considered default notes fifth accelerate principal balance interest owing notes paid money owed bank contended remained default loan bank alleged lost million reported previous chapter personal bankruptcy filed bank attempted horses filed chapter bankruptcy protection february stated problem lexington branch bank worked industry willing loans bank corporate headquarters cincinnati wanted lending business altogether stating fifth promises filed april alleging bank engaged predatory lending practices thought bank willing loans withdrew horses intended sell september november sales instead purchased paid fifth million proceeds sale breeding rights left low cash bank called loans said bank earth tactics accused trying business explaining known bank extend loans sold horses payments cases resolved settlement agreement july seven months initial suit filed agreed pay creditors years interest pay fifth creditors unanimously approved plan owed million million creditors including horse transport companies boarding farms trainers owed horse breeders stud fees settle debts fifth agreed annual payments based percentage horse sales proceeds claiming races reorganization plan sell number horses including grade winning horse ultimately consistent tendency retain financial interest sold undisclosed share stallion retained breeding rights selling percentage price confidential reported income bankruptcy court month deal closed million stated chapter necessary step look forward carrying reorganization plan continuing develop best horses country successfully completed bankruptcy reorganization plan process stable went high horses census gambling cases bankruptcy revealed problems bankruptcy documents listed loans members family members family michael pleaded guilty illegal result racing commissions california kentucky opened investigations racing associate convicted claimed knowledge illegal acts stated thought brothers professional financial need said loaned money knew father money owed unrelated gambling stated money loaned assist brothers divorce cleared states new_york stated investigating news reports adverse action stated visited federal agents played tapes brothers discussed cheated money giving bad betting advice unrelated case mentioned lawsuit alleged allowed bet credit violation state law betting week new_jersey online betting system agency allowed float credit courtesy party lawsuit paid debts owed records containing later internal email indicated total million march lawsuit filed associate pleaded guilty illegal betting operation suit alleged breach contract claiming failed pay million line credit said extended credit bet horse races gambling website set costa_rica lawyer described suit claim filed motion dismiss alleging lack evidence argued statute limitations years run stated court documents met loaned money said money payment debt agreed money told ill broke june federal judge newark new_jersey dismissed lawsuit citing difficulty proving case expired statute limitations related matter june days american run new_york_times reported lawyer filed million libel suit comments press including characterization lawsuit fraud blackmail suit dismissed august post race press conference winning stated anxious american upcoming race neglected bet
Ahmed Zayat