Mike Cannon-Brookes

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Mike Cannon-Brookes
Mike Cannon-Brookes Australian businessman.jpg
Mike Cannon-Brookes, May 2018
BornMichael Cannon-Brookes
(1979-11-17) 17 November 1979 (age 42)
New Haven Edit this on Wikidata
NationalityAustralian
EducationCranbrook School
Alma materUniversity of New South Wales
Employer
Known forCo-founder and co-CEO, Atlassian (with Scott Farquhar)
Net worth
Board member ofAtlassian
Spouse(s)Annie Todd
Websitehttp://www.atlassian.com/blog/author/mike Edit this on Wikidata

Michael Cannon-Brookes (born 17 November 1979) is an Australian billionaire, 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.[3][4]

Early life[edit]

Cannon-Brookes was born in November 1979,[5] the son of a global banking executive, also named Mike, and his wife, Helen.[6] He attended Cranbrook School, Sydney,[7] and graduated from the University of New South Wales with a bachelor's degree in information systems on a UNSW Co-op Scholarship.[8]

Career[edit]

With Scott Farquhar, Cannon-Brookes is the co-founder and co-CEO of Atlassian, a collaboration software company. The pair started the company in 2002, shortly after graduating from university, funding it with credit cards.[9]

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.[8]

In September 2020, it was revealed that Cannon-Brookes was listed on a Chinese Government "Overseas Key Individuals Database" of prominent international individuals of interest for China illustrating his prominence in the Australian technological and industry landscape.[10] Cannon-Brookes has been a prolific commentator on public policy in Australia, collaborating with the Australian Government on a number of occasions, as well as publicly offering his assistance to solve energy and technology policy challenges.[11]

In December 2020, Cannon-Brookes bought a minority stake in NBA team Utah Jazz, along with Qualtrics cofounder Ryan Smith.[9]

In March 2022 it was reported that he and Twiggy Forrest had invested in the SunCable project, to build a solar and battery farm 12,000 hectares (120 km2) in size at Powell Creek and a power-cable to link it to Singapore (via Indonesia) leaving Australia at Murrumujuk beach.[12]

In May 2022 it was reported he was trying to buy Australian power supplier AGL with a view to converting them to green power generation ahead of their published schedule.[13]

Personal life[edit]

Cannon-Brookes is married to Annie Todd and they have four children.[14] Cannon-Brookes and Todd lived in Sydney's eastern suburbs in Centennial Park.[4] In 2018 they bought Fairwater, Australia's most expensive house for approximately A$100 million, next door to Scott Farquhar's A$71 million Point Piper harbourside mansion, Elaine. Cannon-Brookes also acquired the 1923-built heritage residence Verona, designed by architect Leslie Wilkinson and located in Double Bay, for A$17 million.[15] The house previously belonged to New Zealand philanthropist Pat Goodman. Prior to that, in 2016 Cannon-Brookes bought the A$7.05 million SeaDragon house, built in 1936, also designed by Wilkinson and updated by architect Luigi Rosselli.[16] His Centennial Park home sold for A$16.5 million.[17] In 2019 he purchased a house near Fairwater for A$12 million.[18]

In July 2022, Annie Cannon-Brookes made a deal to buy Dunk Island off Mission Beach, Queensland. Reportedly, the transaction was between A$20-25m, with the intent to create a nature reserve and to revitalise the resort.[19]

Net worth[edit]

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.[citation needed] In 2016, his net worth was estimated by Forbes on the list of Australia's 50 Richest people as US$1.69 billion;[20] by BRW Rich 200 as A$2.00 billion;[21] and by the Sunday Times Rich List as GB£906 million.[22] As of May 2021, the Financial Review estimated his net worth was A$27.25 billion.[1] Meanwhile, in the same month, Forbes estimated his net worth was US$13.7 billion.[2]

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[23][24] 190 Increase $0.25 billion Increase n/a not listed
2014[25][26] 35 Increase $1.07 billion Increase n/a not listed
2015[27][28] 42 Increase $1.14 billion Increase 25 Increase $1.10 billion Increase
2016[21][20][22] 18 Increase $2.00 billion Increase 14 Increase $1.69 billion Increase £906 million Increase
2017[29][30] 17 Increase $2.51 billion Increase 10 Increase $3.40 billion Increase
2018[31] 12 Increase $5.16 billion Increase 5 Increase
2019[32][33][34] 6 Increase $9.63 billion Increase 5 Steady $6.40 billion Increase
2020[35] 5 Increase $16.93 billion Increase
2021[1][2] 3 Increase $20.18 billion Increase $13.70 billion Increase
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

See also[edit]

References[edit]

  1. ^ a b c Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
  2. ^ a b c "Bloomberg Billionaires Index: Mike Cannon-Brookes". Bloomberg. Retrieved 25 May 2021.
  3. ^ 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.
  4. ^ a b Kitney, Damon (27 February 2016). "The Cannon-Brookes: balancing life as accidental billionaires". The Australian. Retrieved 9 June 2016.
  5. ^ "ATLASSIAN CORPORATION PLC – Officers (free information from Companies House)". Government of the United Kingdom. Retrieved 10 September 2016.
  6. ^ 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.
  7. ^ Cranbrook School: Elite Sydney institution eyes up major change Retrieved 12 July 2022.
  8. ^ a b "Mike Cannon-Brookes: Co-founder & CEO". Atlassian. Retrieved 9 June 2016.
  9. ^ a b "Mike Cannon-Brookes". Forbes. Retrieved 28 May 2021.
  10. ^ "Why Mike Cannon-Brookes is on a Chinese military database". Australian Financial Review. 13 September 2020. Retrieved 19 September 2020.
  11. ^ "Australian billionaire called Elon Musk after hearing the Prime Minister's energy challenge". www.abc.net.au. 16 September 2020. Retrieved 19 September 2020.
  12. ^ "Twiggy Forrest, Mike Cannon-Brookes lead $210m raise for intercontinental solar power project". 14 March 2022.
  13. ^ "Billionaire Cannon-Brookes to Seek Stake in Australia's AGL". Bloomberg.com. 2 May 2022. Retrieved 8 May 2022.
  14. ^ "Imposter Syndrome as an Asset". Atlassian blog. Retrieved 1 September 2017.
  15. ^ 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.
  16. ^ Macken, Lucy (9 February 2017). "Techie Mike Cannon-Brookes proves a sucker for fine real estate, twice". Domain. Retrieved 5 May 2019.
  17. ^ "Australia's most expensive house sells for $100m". OneRoof. NZME Publishing Limited. 28 September 2018. Retrieved 29 September 2018.
  18. ^ Macken, Lucy (26 April 2019). "Mike Cannon-Brookes buys house next door to Fairwater for $12m". Domain. Retrieved 5 May 2019.
  19. ^ Annie Cannon-Brookes buys Dunk Island with plans to develop, Mark Rigby, ABC News Online, 2022-07-13
  20. ^ a b "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  21. ^ a b Stensholt, John, ed. (29 May 2016). "BRW Rich 200 List 2016". Financial Review. Australia. Retrieved 9 June 2016.
  22. ^ a b "Rich List 2016". The Sunday Times. No. 44. 24 April 2016.
  23. ^ Stensholt, John, ed. (May 2013). "BRW Rich 200 List 2013". Financial Review. Australia. Retrieved 9 June 2016.
  24. ^ "Gina Rinehart tops Forbes' Australian rich list". The Australian. Australian Associated Press. 31 January 2013. Retrieved 9 June 2015.
  25. ^ Stensholt, John, ed. (27 June 2014). "BRW Rich 200 List 2014". Financial Review. Australia. Retrieved 9 June 2016.
  26. ^ Rollason, Adam (30 January 2014). "Rinehart on top, Palmer down on Forbes rich list". Financial Review. Australia. Retrieved 9 June 2015.
  27. ^ "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  28. ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2015". Financial Review. Australia. Retrieved 9 June 2016.
  29. ^ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Financial Review. Retrieved 7 October 2019.
  30. ^ "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  31. ^ Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
  32. ^ Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Retrieved 31 May 2019.
  33. ^ "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  34. ^ Kruger, Colin (19 March 2019). "Atlassian founders worth $10 billion each after record stock rise". The Sydney Morning Herald. Retrieved 5 May 2019.
  35. ^ Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Retrieved 31 October 2020.

External links[edit]