Bloomberg Billionaires Index

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# 217 Mike Cannon-Brookes $7.65B

Random fact: Clients include Microsoft, Facebook, Cisco and Oracle.

Overview

Cannon-Brookes is the co-chief executive officer and co-founder of Atlassian, a developer of enterprise software. The Sydney-based company has more than 150,000 customers and reported revenue of $1.2 billion in the year to June 30, 2019. The maker of Jira Software had an initial public offering in New York in December 2015.

As of :
Last change +$32.1M ( +0.4%)
YTD change +$1.81B ( +30.9%)
Industry Technology
Biggest asset TEAM US Equity
Citizenship Australia
Age 40
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Mike Cannon-Brookes's net worth of $7.65B can buy ...

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troy ounces of gold
0
barrels of crude oil

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

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Cannon-Brookes' fortune is derived from a 28 percent stake in Atlassian, a developer of enterprise software. The Sydney-based company is publicly traded in New York and has more than 150,000 customers, according to its website.

He holds the shares directly and via closely held holding company Grokco, according to the company's annual report for the year to June 30, 2019. Cannon-Brookes' stake is held in Class B shares and represents 49 percent of the non-traded stock. His co-founder, Scott Farquhar, controls another 49 percent of the Class B shares.

The value of his cash holdings is based on an analysis of dividends, insider transactions, taxes and market performance.

Atlassian spokesman Scott Rubin declined to comment on Cannon-Brookes's net worth.

Biography

Birthdate: 1/1/1979
Family: Married, No children
Education: University of New South Wales

Mike Cannon-Brookes was born in 1979 in New Haven, Connecticut. His father, Michael Cannon-Brookes, was a finance executive who worked for U.S.-based firms. 

Mike attended Cranbrook School in Sydney, whose former pupils include fellow billionaire James Packer. He began studying for a Bachelor of Commerce in information systems degree at the University of New South Wales in 1998. 

Cannon-Brookes met classmate Scott Farquhar during his university studies and the pair founded Atlassian in 2002. The enterprise software company offers services to software developers and project managers.

Atlassian grew quickly and by 2010 had sold a minority stake to venture capital firm Accel Partners for $60 million. It sold $462 million in new shares in a 2015 initial public offering in New York. The IPO valued Atlassian at more than $4 billion.

Cannon-Brookes lives in Sydney with his wife.

Milestones
  • 1979 Mike Cannon-Brookes is born.
  • 2001 Invites Scott Farquhar to join him in starting a company.
  • 2002 Co-founds Atlassian.
  • 2006 Named Ernst & Young's Australian Entrepreneur Of The Year.
  • 2010 Company gets $60 million from venture capital firm Accel Partners.
  • 2015 Atlassian raises $462 million in IPO.
  • 2017 Revenue for full year to June exceeds $600 million for first time.
  • 2017 Challenges Elon Musk to help solve South Australia’s power problems.