The winner of The Everest horse race receives a prize of $7 million AUD. The total prize pool for the race is $20 million, making it the world's richest turf race.
The main race is The Everest, Australia's richest race on turf with prizemoney of $20 million. More than a race, The Everest is a heightened celebration of NSW's racing industry and a major contributor to the economy.
The Everest Horse Race is the richest horse race in the Australia. It takes place each October at the renowned Royal Randwick Racecourse in Sydney, Australia.
Trekking to the summit of Everest can cost upwards of $93,000AUD and is far more technical than the trek to Base Camp. The summit climb requires previous trekking experience and knowledge of how to climb ice, rock and use summit equipment.
Earnings from medals
In Australia, athletes can earn the following through the Australian Olympic Committee's Medal Incentive Funding (MIF): AUD$20,000 for a gold medal. AUD$15,000 for a silver medal. AUD$10,000 for a bronze medal.
Ariarne Titmus pocketed $205,000 in prize money. Benjamin Hance topped the list with $46,250, just ahead of Katja Dedekind ($45,000).
The 2 PM rule on Mount Everest is a critical safety guideline requiring climbers to turn back from the summit by 2:00 PM, regardless of their progress, to avoid descending in darkness and dangerous afternoon weather changes, which significantly increases fatality risks from exhaustion, oxygen depletion, and getting lost. This rule ensures climbers get back to camp before dark, as the descent from the "Death Zone" is treacherous and many tragedies occur due to pushing past this deadline.
Climbing Mount Everest costs around $40,000 (or more) due to massive logistical needs, including mandatory permits, crucial Sherpa support, essential supplemental oxygen, high-quality gear, insurance, and extensive base camp services, all spread across a six-week expedition with significant overhead for safety and support in extreme conditions. The price reflects a combination of government fees, specialized staff, complex transport, and critical life-support systems for the deadly "death zone".
The 7000m rule for Everest is a policy that requires climbers to have prior high-altitude experience — specifically a successful summit of at least one peak above 7,000 metres — before attempting Mount Everest (8,848.86 m).
The $70 million horse bought in 2000 was the American Thoroughbred racehorse Fusaichi Pegasus, a Kentucky Derby winner, purchased by Japanese entrepreneur Fusao Sekiguchi for his stallion career, though reports suggest Coolmore Stud, a major breeding operation, was the ultimate buyer for stud purposes. The sale was a record-breaking event, making Fusaichi Pegasus the most expensive horse ever sold at the time, primarily for his potential as a sire.
Fees and Prizemoney
The current Jockey riding fees are: Riding Fee = $262.50 (ex GST) Superannuation = $30.19. Trial fee (non raceday) = $91.87 (ex GST) + Superannuation.
Industry. Pay for jockeys varies and is based upon the experience and track record of success. In 2015, beginning jockeys earned $28 per race on the low end and as much as $124,000 for the top prize in a premier race. Even in a Triple Crown race, jockeys that don't finish in the top five make as little as $500.
TOP EARNERS TRAINERS. CIARON MAHER $60,969,383. CHRIS WALLER (pictured above)- $56,075,653. ANNABEL & ROB ARCHIBALD BJORN BAKER- $26,391,102.
Francys Arsentiev (January 18, 1958 – May 24, 1998) was the first American woman to reach the summit of Mount Everest without using bottled oxygen, on May 22, 1998. Both she and her husband, Sergei Arsentiev, died during the descent. Her body was visible to climbers until 2007, when it was moved from view.
Climbing Permit (Nepal Govt.) Even if you organize the expedition yourself (which is risky and rare), you still must pay the permit and hire essential staff, making it impossible to climb Everest legally for free.
During this last communication, he reassured her that he was reasonably comfortable and told her, "Sleep well my sweetheart. Please don't worry too much."
Climbers avoid Mount Everest in the summer because, in early June, monsoons sweep off the Bay of Bengal into the Himalayas. These storms dump heavy snowfall on the peak and buffet the top with dangerous winds. In the winter, the peak is simply too cold and windy.
There are only two routes to scale the world's tallest peak: one from the Everest North side in Tibet or another from the Everest South side in Nepal. Chinese authorities impose an age limit of 18-60 in Tibet, while in Nepal, climbers must be a minimum of 16 years old but there is no upper age limit.
Athletes only receive one payment, based on their best result. For example, an athlete who wins one gold and two silvers will only be paid $20,000. However, athletes won't get any funding until the year after the Games. The MIF is designed to act as an incentive to keep athletes in the sport at an elite level.
Rinehart, who has supported swimmers for 30 years through Hancock Prospecting including direct funding, scholarships and career transitions, has offered $20,000 per individual gold and $5000 per person for relay gold. Silver medals are worth $15,000 (or $3750pp for relays) and bronze medals $10,000 ($2500pp in relays).
Olympic champion Katie Ledecky, a swimming sensation since age 15, boasts an estimated $5 million net worth. Her fortune stems from numerous medals, prize money, and lucrative endorsements with brands like TYR and Adidas.