Capitalist has won the $3.5 million Golden Slipper, giving trainer Peter Snowden his second triumph in the world's richest race for two-year-olds.

But unlike Snowden's first win in 2011 for Sheikh Mohammed, Saturday's victory at Rosehill was for family as he shared the moment with his son and co-trainer Paul.

And Capitalist did it in much the same Sepoy did it five years ago, lifting his form after a lead-up defeat in the Todman Stakes.

Aided by a one of the best runs in the race under jockey Blake Shinn, Capitalist sprinted to the front at the 200m and from there the result was never in doubt.


"I have to take my hat off to the team at home, Snowden racing, Peter and Paul," Shinn said.

"We never wrote him off after his last defeat.

"You've just got to have the faith and go in confident to every race.

"He backed up from the Magic Millions and came here today. I was just saying, 'come on mate, one more performance' and he did it for me."

Yankee Rose, a $10,000 yearling purchase, finished strongly to take second place.

Heavily backed Flying Artie was third across the line, just in front of Godolphin runner Telperion.