PHOTOS: Everything you need to know about 2016 Melbourne Cup in 1 minute

Owner Lloyd Williams has taken home a record fifth Melbourne Cup after Almandin was first past the post today.

Kerrin McEvoy (left) rides Almandin to victory ahead of Heartbreak City ridden by Joao Moreira in the Melbourne Cup at Flemington Racecourse in Melbourne Source: AAP

Big money, big stars and a touch of rain have all featured in the $6.2 million Melbourne Cup.

Lloyd Williams has become the most successful owner of Melbourne Cup winners with Almandin claiming Australia's greatest horse race.

Almandin overcame a potent international challenge to beat the Irish stayer Heartbreak City with Hartnell taking the minor placing.

Almandin, left with jockey Kerrin MCevoy board wins the Melbourne Cup at the Flemington Racecourse in Melbourne, Australia, Tuesday, Nov. 1, 2016. Source: AP

One of Australia's most successful businessmen, Williams has now figured in the ownership of five Melbourne Cup winners while jockey Kerrin McEvoy has ridden his second winner of the race.

"It's just a dream ... how lucky am I?" McEvoy said.

"I love these stages. I love the Melbourne Cup."

Kerrin McEvoy kisses the Melbourne Cup after Almandin won the race at Flemington Racecourse in Melbourne, Tuesday. Nov. 1, 2016. Source: AAP

McEvoy won his first Cup aboard Brew in 2000 and sets the record for longest gap between victories.

"He was there for me the whole way the horse. As soon as I pressed the button he was away.

"I'm very lucky privileged to have won a second cup and great to do it in the colours for Mr Williams and his family."

Almandin with wins the 2016 Melbourne Cup on Melbourne Cup Day at Flemington Racecourse in Melbourne, Tuesday. Nov. 1, 2016. Source: AAP