Fusaichi Pegasus (Japanese pronunciation: [ɸɯsa.itɕi]) (foaled April 12, 1997) was purchased as a yearling for $4 million by Fusao Sekiguchi. His name is a combination of his owner's name, "Fusao," and the Japanese word for one, "ichi," to mean #1 or the best. The second half is the winged horse of Greek mythology. Fusaichi Pegasus won the Kentucky Derby in 2000 in a time of 2:01.12 for the 1 1⁄4 mile distance. He was the first favorite to win the Kentucky Derby since Spectacular Bid in 1979. He then lost to Red Bullet in the Preakness Stakes. After his loss in the Preakness Stakes, he did not race in the third leg of the Triple Crown, the Belmont Stakes.