Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 478 Cliff Obrecht $5.30B

Random fact: Investors include T. Rowe Price, Sequoia Capital and Felicis Ventures.

Overview

Obrecht is the co-founder and chief operating officer of Canva, a graphic design company. The Sydney-based startup provides easy-to-use software for the creation of presentations, videos and marketing materials. It has about 60 million users each month and was valued at $40 billion in a September 2021 capital raising.

As of :
Last change No change
YTD change -$589M ( -10.0%)
Biggest asset Canva
Country / Region Australia
Age 37
Industry Services
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Cliff Obrecht's net worth of $5.30B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Obrecht's fortune is derived from his stake in Canva, a graphic design company. The Sydney-based technology startup has more than 60 million users each month, according to its website.

Canva was valued at $40 billion in a September 2021 capital raising, according to a Bloomberg News report. Some investors in Canva subsequently reduced the carrying values of their stakes and the valuation used here was reduced by 10% in June 2022 to reflect these falls. This led to a decrease in the net worth calculation of about $500 million.

Melanie Perkins, a Canva co-founder and Obrecht's wife, disclosed in a Medium post at the time that the pair intend to give away the vast majority of their equity through the Canva Foundation and that the amount they intend to give represents 30% of Canva. Perkins and Obrecht are each credited with 15.5% stakes in this analysis. No reduction to reflect charitable giving is made here because the details are uncertain.

Lachlan Andrews, a spokesperson for Canva, declined to comment on the calculation.

Biography

Birthdate: 1985
Family: Married, No children

Cliff Obrecht was born in Perth, Western Australia in 1985.

He attended the University of Western Australia where he met Melanie Perkins. The pair's first startup Fusion Books, a yearbook design company, led to the creation of Canva. Obrecht and Perkins were introduced to Cameron Adams, Canva’s third founder, following an attempt to raise startup capital in Silicon Valley.

Canva, a provider of easy-to-use graphic design software, began operating in 2013 and by 2016 it had more than 10 million users.

The company’s valuation reached $40 billion in a 2021 capital raising.

Milestones
  • 2012 Canva is founded.
  • 2013 The company begins operating.
  • 2020 Canva's valued at $6 billion from a $60 million funding round.
  • 2021 Valuation of Canva reaches $40 billion.