CNBCRobert Frank (left), host of "The Secret Lives of the Super Rich."Christopher Parr, Founder and EIC of Pursuisit, interviewed Robert Frank, a leading authority on the American wealthy, about his CNBCa€™s series a€?Secret Lives of the Super Richa€™ premiering tonight. In the new series, discover the latest financial status of David & Jackie Siegel, the owners of Versailles, the largest home in America. The humble mid-Western mechanic who has become one of the worlda€™s top Ferrari restorers (and billionaires have to wait in line). Associated PressThis $15 million futuristic yacht was launched for a Hong Kong billionaire concerned about fuel efficiency.
They have also re-started construction on Versailles, which had gone into default and was up for sale. The house is the ultimate symbol of Americaa€™s housing boom, bust and recovery a€“ in extreme.
It's an exclusive world filled with enormous fortunes, unimaginable extravagance and a cast of super rich characters with one thing in common — a voracious appetite for success, status, and the best of the best.
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Have you ever wondered what the extremely wealthy who have more money than they can physically count do with all of it? In its 4th season, Secret Lives of the Super Rich is a 30-minute program that airs on CNBC Thursday nights at 10 p.m.
Reported by CNBC’s Robert Frank, “Secret Lives of the Super Rich: The Triple Crown” takes viewers inside a rarified world filled with super rich celebrities, billionaire moguls, outrageous mega-parties and a champion horse worth more than $20 million. The episode also focuses on American Pharoah, the three-year-old horse that has an opportunity to make history on Saturday evening in the 147th running of the Belmont Stakes by becoming the 1st winner of horse racing’s Triple Crown in 37 years. What separates the show from other reality television shows is who is chosen to appear on the show and the depth of Frank’s reporting. Did you know that Justin Zayat, the owner of American Pharoah, is just 23-years-old and attends New York University? In addition to his owners, American Pharoah has also been associated with some of the top names in the horse racing world and some of the best in history. Zayat Stables is owned by the Zayat family who have recently become one of the most successful families in horse racing. Zayat later got into the beer distribution business and owned the Al-Ahram Beverages Company. American Pharoah is out of a dam [Littleprincessemma] who was named after Zayat’s youngest daughter.

In 2005, Egyptian businessman and entrepreneur Ahmed Zayat entered Thoroughbred racing and slowly but surely started incorporating his family more into the business. Zayat Stables has finished in the top five of North American horse racing owners seven times since 2005, including No.
We take you inside a world thata€™s rarely seen and increasingly foreign to the rest of America: the lives of the Super-Rich.
The epiphanies are in the details and in the alternative reality of the rich: the Aspen millionaire who has only been to her $30 million mansion once in two years. The strange rituals that yacht owners follow when building a yacht (including the a€?magic pennya€? in the hull). The wealthy also like vacation homes that are all-inclusive resorts that they never have to leave, with their own spas, theaters, chef kitchens and recreational areas.
And whata€™s the latest with David & Jackie Siegel, the owners of Versailles, the largest home in America?
They are back on top, with Davida€™s company reporting record profits after its restructuring and streamlining. They now own it outright with no mortgage and they expect to be done in time for Davida€™s 80th Birthday in 2016. Hea€™s done parties that cost more than $20 million, with the flowers alone costing up to $500,000. This speaks to the heightened economic and social fears of the wealthy a€” they are increasingly worried about social unrest, political instability and the natural disasters. Reported by Robert Frank and featuring New York City super broker Dolly Lenz, the series unlocks the mansion gates and scores you the ultimate VIP access to a world inhabited by the wealthiest people on the planet. Have you ever wondered about some of the people behind the mansions, private jets, yachts and countless acres of land? The show is hosted by CNBC reporter Robert Frank who is known for his reporting of the American wealthy.
Although the show has featured ridiculously lavish purchases and luxuries, it portrays the owners of them in an honest light and details their stories from how they got to where they were to where they are now. Over the past few months, American Pharoah has lived just as lavish of a lifestyle as the Stable who owns him, which is not surprising because American race horses are some of the best well-kept in the world. Trainer Bob Baffert has three Kentucky Derby victories under his belt and is regarded as one of the, if not the best trainer in the world.
The family of Orthodox Jews is led by the well-spoken, 52-year-old Ahmed Zayat who came to the United States at 18-years-old and attended Boston University where he would later obtain his Masters Degree in business and public health.

In October 2002, Zayat sold the company to Heineken for $280 million in the biggest deal in Egyptian history. Between her and his eldest son Justin, the family connection in American Pharoah is strong. Viewers take a gilded tour of some of Americaa€™s most expensive homes, yachts, planes, cars and parties to see how the rich make and spend their fortunes. The Los Angeles mansion owner who had his bedroom carpet copyrighted to make sure no one would have the same one. The heiress whose idea of a€?listening to some musica€? is having a world-famous concert pianist play in her living room.
The huge stock-market run-up in the past four years has restored their wealth and their overconfidence. He was asked to do 3 lavish weddings for one couple, including a destination wedding in St. So the bunkered elite have literally built their own luxury bunkers, with an underground pet park, swimming pools, theaters and (of course) pharmacy. Frank also had experience working for the Wall Street Journal for 18 years before he joined the network in 2012, and has written several books and won Awards for his reporting and writing.
He his married to his wife Joanna and together the couple has four children together: Justin, Ashley, Emma and Benjamin.
While some have permanently downsized, the newly minted rich (and rebounding rich) are spending again like ita€™s 2007. Espinoza rode War Emblem to Kentucky Derby and Preakness victories in 2002 and California Chrome to wins in the same two races just last year. Zayat Stables also boasts in All-Star cast of horse racing trainers: trainers Bob Baffert, D. Properties with big land footprint are also big, and McMansions squeezed into small parcels are out.

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