Mike Cannon-Brookes

Michael Cannon-Brookes (born 17 November 1979) is an Australian billionaire, the co-founder and co-CEO of the software company Atlassian. Cannon-Brookes often carries the epithet of accidental billionaire after he and his business partner Scott Farquhar founded Atlassian with the simple aim of replicating the then-typical graduate starting salary of A$48,000 at the big corporations without having to work for someone else.[4][5]

Mike Cannon-Brookes
Born
Michael Cannon-Brookes

(1979-11-17) 17 November 1979 (age 40)
NationalityAustralian
EducationCranbrook School
Alma materUniversity of New South Wales
Known forCo-founder and co-CEO, Atlassian (with Scott Farquhar)
Net worthUS$8.5 billion (June 2019)[1]
Board member ofAtlassian
Spouse(s)Annie Todd[2]
Parent(s)Mike and Helen Cannon-Brookes[3]

Early lifeEdit

Mike Cannon-Brookes was born in November 1979,[6] the son of a global banking executive, also named Mike, and his wife, Helen.[3] He was educated at Cranbrook School in Sydney,[2] and graduated from the University of New South Wales with a bachelor's degree in information systems on a UNSW Co-op Scholarship.[7]

CareerEdit

With Scott Farquhar, Cannon-Brookes is the co-founder and co-CEO of Atlassian, a collaboration software company. He is also an adjunct professor at the University of New South Wales' School of Computer Science and Engineering. Cannon-Brookes and Farquhar were recognised as the Australian IT Professional of the Year award in 2004, and Australian 2006 Entrepreneur of the Year. Cannon-Brookes was also honoured by the World Economic Forum as a Young Global Leader in 2009 and is a member of The Forum of Young Global Leaders.[7]

Personal lifeEdit

He is married to Annie Todd[2] with four children,[8] and lived in Sydney's eastern suburbs in Centennial Park;[2][5] in 2018 he bought Fairwater, Australia's most expensive house for around $100m, next door to Scott Farquhar's A$71 million house Point Piper harbourside mansion, Elaine. He also acquired the 1923-built heritage residence Verona, designed by architect Leslie Wilkinson and located in Double Bay, for $17 million.[9] The house previously belonged to New Zealand philanthropist Pat Goodman. Prior to that, in 2016 Cannon-Brookes bought $7.05 million SeaDragon house, built in 1936, designed by Leslie Wilkinson and updated by architect Luigi Rosselli.[10] His Centennial Park home sold for $16.5 million.[11] In 2019 he purchased the house near Fairwater for $12 million.[12]

Alongside his business partner, Farquhar, Cannon-Brookes debuted on the 2007 BRW Young Rich list of the richest Australians aged under 40; and on the BRW Rich 200 in 2013 with an estimated net worth of A$250 million.[2] In 2016, his net worth was estimated by Forbes on the list of Australia's 50 Richest people as US$1.69 billion;[13] by BRW Rich 200 as A$2.00 billion;[14] and by the Sunday Times Rich List as GB£906 million.[15] As of 2019, his net worth was estimated to be A$10 billion, being considered by Forbes the youngest billionaire in Australia and the 5th in Australia's 50 Richest 2019 list.[16][17]

Wealth rankingsEdit

Year BRW
Rich 200
Forbes
Australia's 50 Richest
Sunday Times
Rich List
Rank Net worth (A$) Rank Net worth (US$) Rank Net worth (GB£)
2013[18][19] 190   $0.25 billion   n/a not listed
2014[20][21] 35   $1.07 billion   n/a not listed
2015[13][22] 42   $1.14 billion   25   $1.10 billion  
2016[14][13][15] 18   $2.00 billion   14   $1.69 billion   £906 million  
Legend
Icon Description
  Has not changed from the previous year
  Has increased from the previous year
  Has decreased from the previous year

ReferencesEdit

  1. ^ "Forbes profile: Mike Cannon-Brookes". Forbes. Retrieved 12 June 2019.
  2. ^ a b c d e Thackray, Lucy (17 April 2015). "From a tiny apartment above a sex shop to $12 million mansion in exclusive Sydney suburb: Australia's richest man under 40 splashes cash on spectacular new home". Daily Mail. Australia. Retrieved 9 June 2016.
  3. ^ a b Gray, Joanne (9 June 2016). "Michael Cannon-Brookes snr: How I raised a son who became Atlassian billionaire". The Boss, Financial Review. Australia. Retrieved 9 June 2016.
  4. ^ Fitzsimmons, Caitlin (12 April 2014). "Accidental billionaires: why Atlassian's Mike Cannon-Brookes and Scott Farquhar are so admired in the start-up industry". Financial Review. Australian. Retrieved 9 June 2016.
  5. ^ a b Kitney, Damon (27 February 2016). "The Cannon-Brookes: balancing life as accidental billionaires". The Australian. Retrieved 9 June 2016.
  6. ^ "ATLASSIAN CORPORATION PLC – Officers (free information from Companies House)". Government of the United Kingdom. Retrieved 10 September 2016.
  7. ^ a b "Mike Cannon-Brookes: Co-founder & CEO". Atlassian. Retrieved 9 June 2016.
  8. ^ "Imposter Syndrome as an Asset". Atlassian blog. Retrieved 1 September 2017.
  9. ^ Macken, Lucy (27 September 2018). "Mike Cannon-Brookes paid $17m for Double Bay house day after he bought $100m Fairwater estate". Domain. Retrieved 5 May 2019.
  10. ^ Macken, Lucy (9 February 2017). "Techie Mike Cannon-Brookes proves a sucker for fine real estate, twice". Domain. Retrieved 5 May 2019.
  11. ^ "Australia's most expensive house sells for $100m". OneRoof. NZME Publishing Limited. 28 September 2018. Retrieved 29 September 2018.
  12. ^ Macken, Lucy (26 April 2019). "Mike Cannon-Brookes buys house next door to Fairwater for $12m". Domain. Retrieved 5 May 2019.
  13. ^ a b c "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  14. ^ a b Stensholt, John, ed. (29 May 2016). "BRW Rich 200 List 2016". Financial Review. Australia. Retrieved 9 June 2016.
  15. ^ a b "Rich List 2016". The Sunday Times (page 44). 24 April 2016.
  16. ^ "Australia's 50 Richest People". Forbes. 11 April 2019.
  17. ^ Kruger, Colin (19 March 2019). "Atlassian founders worth $10 billion each after record stock rise". The Sydney Morning Herald. Retrieved 5 May 2019.
  18. ^ Stensholt, John, ed. (May 2013). "BRW Rich 200 List 2013". Financial Review. Australia. Retrieved 9 June 2016.
  19. ^ "Gina Rinehart tops Forbes' Australian rich list". The Australian. Australian Associated Press. 31 January 2013. Retrieved 9 June 2015.
  20. ^ Stensholt, John, ed. (27 June 2014). "BRW Rich 200 List 2014". Financial Review. Australia. Retrieved 9 June 2016.
  21. ^ Rollason, Adam (30 January 2014). "Rinehart on top, Palmer down on Forbes rich list". Financial Review. Australia. Retrieved 9 June 2015.
  22. ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2015". Financial Review. Australia. Retrieved 9 June 2016.

External linksEdit