Superstar five-year-old Redzel has beaten Vega Magic at Randwick to win the first-ever running of The Everest, the world’s richest turf race worth total prize money of $10 million.

Redzel, trained by father-and-son team Peter and Paul Snowden and ridden by Kerrin McEvoy, led from the start with Houtzen before 30,000 fans, before moving clear in the straight to win the big race.

David Hayes-trained Vega Magic flashed home for second, with Brave Smash rounding out the trifecta.

Redzel backed up his win at its previous start in the Group Three Concorde Stakes at Randwick on September 2 and confirmed the Snowdens’ appraisal that he was a strong chance of the Everest, despite what his son noted after the race had been doubts the horse was up to it.

But that was never the opinion in the Snowden stable.

“We’ll keep him ticking over now until Saturday week and he’ll be there in good order,” Peter Snowden promised after the Concorde victory, and on Saturday his faith was rewarded with the winner’s $5.8 million prize.

“Couldn’t have worked out any better in the run. Woohoo!” jubilant jockey McEvoy told the Seven Network after the race.

“We had a dream run outside the leader. I am over the moon,”

“The Snowdens had a plan to give him a month between runs and they had him spot on. Full credit to them. The horse has performed unbelievably.”

An emotional Paul Snowden said he was overjoyed to win with his father.

“I can’t talk,” he said, almost choked with emotion.

“I haven’t seen the old man, I don’t even know where he is. It is a massive thing for the stable and just so relieved,” he said.

“Look, I could stand here in front of you all week and say black and blue how good he was going.

“This was his best-to-come. Everyone wrote him off … as a bit of a risk – it was definitely not the case!”

Peter Snowden had won Golden Slippers and multiple Group Ones as a trainer, but said Redzel’s medawin surpassed them all.

“The first Golden Slipper was exceptional,” he said. “I never thought I would get that feeling again. Today I have gone well past it.

“It’s the best by far.”

Connections of the 12 runners in the $10 million race paid an entry fee of $600,000 apiece to get into the field.

The weight-for-age sprint event over 1,200m carried prize money of $5.8 million for the winner, and $1.425 million for the runner-up.

-with ABC and AAP