Green Moon, ridden by jockey Brett Prebble has won the $6.2 million Melbourne Cup at Flemington.
The Robert Hickmott-trained six-year-old beat Fiorente with Jakkalberry finishing third in the 152nd running of Australia's greatest race.
"It was never going to get beaten," Prebble said of his mount.
"At 1200m I knew nothing was going to go with him. I pressed him a bit soon but it's hard to wait when you've got so much power underneath you.
"This is the pinnacle of racing in Australia. It was a great feeling."
Green Moon is owned by Australian businessman Lloyd Williams who has now won four Melbourne Cups with his previous winners being Just A Dash in 1981, What A Nuisance in 1985 and Efficient in 2007.
In a slowly run Cup, Green Moon unleashed a big sprint down the Flemington straight leaving the backmarkers with no chance. The Gai Waterhouse-trained Fiorente, ridden by James McDonald, ran on well for second. Jakkalberry, trained by Italian Marco Botti and ridden by Irish jockey Colm O'Donoghue, sprinted home for third.
Sydney stayer Kelinni held on for fourth place, with the 'First Four' dividend in NSW paying $1,467,099.60.
Ethiopia, who travelled close to the speed early in the race, weakened to finish last.
This year's Cup showcased one of the strongest fields ever to contest the event.
Dominated by internationals, the 24-horse field included defending champion Dunaden and the 2010 winner Americain, while French star Red Cadeaux was out to avenge last year's close loss.
Americain started the race as favourite, while there was also strong betting support for Dunaden and Mount Athos. Maluckyday was considered the best local chance.