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
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 life

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]

Career

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 life

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 rankings

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

References

  1. "Forbes profile: Mike Cannon-Brookes". Forbes. Retrieved 12 June 2019.
  2. 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. 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. 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. "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. "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  14. Stensholt, John, ed. (29 May 2016). "BRW Rich 200 List 2016". Financial Review. Australia. Retrieved 9 June 2016.
  15. "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.
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