The 17 hand American bred, Australian owned six-year-old ridden by Gerald Mosse galloped past Maluckyday and So You Think to grab the coveted $6 million prize.
Champion French horseman Mosse, became the first French jockey to win the Cup on what he described as one of the greatest horses he has ever ridden.
"The job is so easy, when you have the best race on the best horse," he said.
"A big thanks to the owner who gave me the confidence to be the first French jockey to win the Melbourne Cup."
So You Think worked his way to the lead with 300 meters out after an unsettled start, but was unable to hold on against the French stayer, coming in third behind lightweight Maluckyday.
"He peaked at the furlong and the wind was too strong," said So You Thinks' jockey Steven Arnold.
Second place taker Maluckydays' jockey and trainer were excited by the minor placing.
"We went into the race knowing he was twelve months away...you will probably see this horse win within the next year," said jockey Luke Nolen.
Americains' owners Gerry Ryan and Kevin Bamford said the win was a dream come true.
"This is what you dream of as a kid...five years ago we planned this and here we are," Gerry Ryan said.
"It is a truly international event. American bred, French trained, Hong Kong based jockey and Australian owned," he said.
Both owners were confident going into the race after speaking with their jockey Mosse.
"Speaking with Gerald before the race he told me I know what's under me, I've got a Bentley...and I've still got plenty of gears left," said Ryan.
Victorian Racing Club Chairman Rod Fitzroy said the race was a real expression of the Australian way of life.
"The 150th running of the Cup has lived up to the great tradition of the race," he said.