Billionaire Gerry Harvey has left Channel Seven’s Emma Freedman gasping in shock after dropping the F-bomb on live TV on Saturday.

The Harvey Norman boss was in a celebratory mood after two of his horses saluted at Randwick Racecourse.

Chidiac won the $1million Evergreen Turf Country Championships, and Campione d’Italia, took out the $1million Group One ATC Sires’ Produce Stakes race at the famous Sydney track.

Harvey was being interviewed by Freedman when he swore as he remembered how he sold Campione d’Italia to the China Horse Club and Newgate team for $500,000 at last year’s Magic Millions Gold Coast Yearling Sale.

‘He said, “What was the name of the horse?” I told him, “Campione d’Italia. He said, “F**k, that was the horse I was…’ Harvey told Freedman.

The Seven star recoiled in shock and said, ‘Oh god, don’t do that!’ before Harvey finished his anecdote.

Pictured: The moment Seven star Emma Freedman recoils in shock after Gerry Harvey (left) dropped the F-word after his horse won at Randwick on Saturday

The billionaire businessman’s horse Campione d’Italia won a $1million race at Randwick, as did another of his nags, Chidiac

The Harvey Norman boss dropped another F-bomb in a different TV interview on Saturday

Freedman then quickly switched to interviewing jockey James McDonald, who rode Campione d’Italia to the win.

Harvey uttered the F-word again in another interview on Saturday while discussing how he kept a stake in Campione d’Italia.

‘I passed it in and Henry Field and I had a talk and I said, “I want $600,000, mate,” and he said, “I’ll give you $500,000,” and I said get lost,’ Harvey said.

‘Then I thought ah no, f**k, I’d better. So I kept 20 per cent.’

Harvey – who is worth $3.97billion according to The Australian’s recent business rich list – is one of the biggest figures in Australian racing.

He owns Baramul Stud, which has more than 200 broodmares, and the New Zealand-based Westbury Stud, and is one of three owners of the Magic Millions thoroughbred auction house.

Harvey explained how he developed his passion for racing in 1972.

‘I was setting up my business. I started with other things and suddenly that business grew and grew. So in 1972 I went to an Inglis broodmare sale and purchased five mares,’ he told the Sydney Morning Herald.

‘From those mares the first three foals won 25 races, and then I bought a property and then that became a stud and then the next thing I knew I was a director of the Sydney Turf Club.’