What is Mike Cannon-Brookes’ Net Worth?
Mike Cannon-Brookes, the co-founder and co-CEO of software company Atlassian, has an estimated net worth of $11.60 billion. Cannon-Brookes’s primary source of wealth comes from his stake in Atlassian, the company he co-founded with Scott Farquhar in 2002.
Atlassian has grown into a global enterprise software giant, with over 260,000 customers worldwide and annual revenue of $3.5 billion as of the fiscal year ending June 30, 2023. His 20% ownership stake in Atlassian, which is publicly traded on the Nasdaq, forms the cornerstone of his wealth.
In addition to his Atlassian holdings, Cannon-Brookes has diversified his portfolio with various investments. He holds a 10% stake in AGL Energy, a leading Australian natural gas and electricity provider. He has also been involved in other ventures, including investments in renewable energy projects like the Australia-Asia Power Link.
Here’s the breakdown of Mike Cannon-Brookes’ net worth:
Name: | Mike Cannon-Brookes |
Net Worth: | $11.60 Billion |
Date of Birth: | 17 November 1979 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life and Education
Mike Cannon-Brookes was born on November 17, 1979, in New Haven, Connecticut, but grew up primarily in Sydney, Australia. He comes from a family with a background in finance, as his father, Mike Cannon-Brookes Sr., was an international banking executive.
Cannon-Brookes received his early education at Cranbrook School, one of Sydney’s most prestigious private schools. He excelled academically, competing for the position of dux (top student) in his grade. His interest in technology began early, with his first computer purchased using Qantas Frequent Flyer points.
After high school, Cannon-Brookes enrolled at the University of New South Wales, where he pursued a Bachelor of Commerce degree in information systems. It was during his university years that he met Scott Farquhar, his future business partner, while both were part of a scholarship program in business information technology.
Career
Cannon-Brookes co-founded Atlassian with Scott Farquhar in 2002, shortly after graduating from university. The pair started the company with the modest goal of earning the typical graduate starting salary of A$48,000 without working for someone else.
Atlassian quickly grew into a global enterprise software giant. By 2010, the company had sold a minority stake to Accel Partners for $60 million. In 2015, Atlassian went public, raising $462 million in its initial public offering and valuing the company at over $4 billion.
Throughout his career, Cannon-Brookes has received numerous accolades. He was the youngest person to be awarded the ‘Australian Entrepreneur of the Year’ by Ernst & Young in 2006. He has also been recognized on various prestigious lists, including Forbes’ Global Game Changers list and Fortune’s 40 Under 40.
Beyond Atlassian, Cannon-Brookes is an active investor and board member. He holds a 10% stake in AGL Energy, Australia’s largest corporate greenhouse gas emitter, and has been pushing for its rapid decarbonization. He’s also involved in various other ventures, including investments in renewable energy projects and sports teams.
Personal Life
Cannon-Brookes married American fashion designer Annie Todd in 2010, and they have four children together. The couple’s first meeting was serendipitous, occurring in a Qantas lounge while flying from Sydney to San Francisco. However, in July 2023, it was announced that Cannon-Brookes and Todd had separated after more than a decade of marriage.
Known for his casual style, Cannon-Brookes is often seen wearing a simple t-shirt, blue jeans, and a cap – notably, a white one with a bunny logo representing his part-ownership of the South Sydney Rabbitohs rugby league club.
Cannon-Brookes has amassed a significant property portfolio over the years. In 2018, he purchased Fairwater, Australia’s most expensive house at the time, for approximately A$100 million. He also owns properties in Sydney’s eastern suburbs, the Southern Highlands, and various other locations across New South Wales.
Despite his enormous wealth, Cannon-Brookes is known for his commitment to addressing climate change. He has pledged to invest $1.5 billion of his personal fortune towards combating the climate crisis by 2030.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
