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Mike Cannon-Brookes

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Mike Cannon-Brookes
Cannon-Brookes in 2018
BornMichael Cannon-Brookes
November 1979 (age 44–45)
New Haven, Connecticut, U.S.
NationalityAustralian
EducationCranbrook School
Alma materUniversity of New South Wales
OccupationCo-CEO of Atlassian
Employer
Known forCo-founding Atlassian
Net worth
Board member ofAtlassian
Spouse(s)Annie Todd
Awards
Websiteatlassian.com

Michael Cannon-Brookes (born November 1979) is an Australian billionaire business magnate who is the co-founder, and co-CEO of software company Atlassian.

Since 2018, he has been involved in the Australia-Asia Power Link, a huge electricity infrastructure project to be developed in the Northern Territory by Sun Cable in a collaboration with Twiggy Forrest.

Early life and education

Cannon-Brookes was born in November 1979,[3] the son of a global banking executive, also named Mike, and his wife, Helen.[4]

He attended Cranbrook School in Sydney,[5] and graduated from the University of New South Wales with a degree in information systems on a UNSW Co-op Scholarship.[6]

Career

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.[7] They claim to have founded Atlassian with the aim of earning the then-typical graduate starting salary of A$48,000 at the big corporations without having to work for someone else.[8][9]

In March 2022, it was reported that Cannon-Brookes and billionaire Andrew Forrest had invested in the Sun Cable project,to build a solar and battery farm 12,000 hectares (120 km2) in size at Powell Creek, Northern Territory, and a power-cable to link it to Singapore (via Indonesia) leaving Australia at Murrumujuk beach.[10][11]

In January 2023, Sun Cable went into administration owing to disagreements between Cannon-Brookes and Forrest. In May 2023, Cannon-Brookes' company Grok Ventures outbid Forrest and others to buy the liquidated company.[12][11]

Other activities

Cannon-Brookes is an adjunct professor at the University of New South Wales' School of Computer Science and Engineering.

In December 2020, Cannon-Brookes bought a minority stake in NBA team Utah Jazz, along with Qualtrics co-founder Ryan Smith.[7]

Cannon-Brookes is a major investor in Australian publicly listed energy company AGL.[13]

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.[14]

Personal life

Cannon-Brookes is married to Annie Todd and they have four children.[15] They first met at a Qantas lounge while flying from Sydney to San Francisco.[16] Cannon-Brookes and Todd lived in Sydney's eastern suburbs in Centennial Park.[9] 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.[17] The house previously belonged to New Zealand philanthropist Pat Goodman. Prior to that, in 2016, Cannon-Brookes had bought the A$7.05 million SeaDragon house, built in 1936, also designed by Wilkinson and updated by architect Luigi Rosselli.[18] His Centennial Park home sold for A$16.5 million.[19] In 2019 he purchased a house near Fairwater for A$12 million.[20]

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.[21] In July 2023, the Australian Financial Review reported that the couple were separating.[16]

Recognition

Cannon-Brookes and Farquhar were recognised as the Australian IT Professional of the Year award in 2004, and Australian 2006 Entrepreneur of the Year. He is also a member of The Forum of Young Global Leaders.[6]

Net worth

In 2016, his net worth was estimated by Forbes on the list of Australia's 50 Richest people as US$1.69 billion;[22] by BRW Rich 200 as A$2.00 billion;[23] and by the Sunday Times Rich List as £906 million.[24] As of May 2023, the Australian Financial Review estimated his net worth was A$19.01 billion.[25] Meanwhile, in 2021, his net worth was assessed at US$13.7 billion by Forbes and at US$11.2 billion by Bloomberg.[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 (£)
2013[26][27] 190 Increase $0.25 billion Increase n/a not listed
2014[28][29] 35 Increase $1.07 billion Increase n/a not listed
2015[30][31] 42 Increase $1.14 billion Increase 25 Increase $1.10 billion Increase
2016[23][22][24] 18 Increase $2.00 billion Increase 14 Increase $1.69 billion Increase £906 million Increase
2017[32][33] 17 Increase $2.51 billion Increase 10 Increase $3.40 billion Increase
2018[34] 12 Increase $5.16 billion Increase 5 Increase
2019[35][36][37] 6 Increase $9.63 billion Increase 5 Steady $6.40 billion Increase
2020[38] 5 Increase $16.93 billion Increase
2021[1][2] 3 Increase $20.18 billion Increase $13.70 billion Increase
2022 3 Steady $27.80 billion Increase
2023[25] 6 Decrease $19.01 billion Decrease
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

References

  1. ^ a b 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. ^ Michael Cannon-Brookes Companies House
  4. ^ Gray, Joanne (9 June 2016). "Michael Cannon-Brookes snr: How I raised a son who became Atlassian billionaire". Australian Financial Review. Australia. Retrieved 9 June 2016.
  5. ^ Cranbrook School: Elite Sydney institution eyes up major change News.com.au
  6. ^ a b "Mike Cannon-Brookes: Co-founder & CEO". Atlassian. Retrieved 9 June 2016.
  7. ^ a b "Mike Cannon-Brookes". Forbes. Retrieved 28 May 2021.
  8. ^ Fitzsimmons, Caitlin (12 April 2014). "Accidental billionaires: why Atlassian's Mike Cannon-Brookes and Scott Farquhar are so admired in the start-up industry". Australian Financial Review. Australian. Retrieved 9 June 2016.
  9. ^ a b Kitney, Damon (27 February 2016). "The Cannon-Brookes: balancing life as accidental billionaires". The Australian. Retrieved 9 June 2016.
  10. ^ "Twiggy Forrest, Mike Cannon-Brookes lead $210m raise for intercontinental solar power project". 14 March 2022.
  11. ^ a b Terzon, Emilia (5 May 2023). "Sun Cable: Why Australia's two richest men are battling to control an unbuilt solar farm". ABC News (Australia). Retrieved 5 May 2023.
  12. ^ "Sun Cable: Mike Cannon-Brookes wins control of mega solar project after fall-out with Andrew Forrest". ABC News AU. 27 May 2023.
  13. ^ "Billionaire Cannon-Brookes to Seek Stake in Australia's AGL". Bloomberg.com. 2 May 2022. Retrieved 27 May 2023.
  14. ^ "Why Mike Cannon-Brookes is on a Chinese military database". Australian Financial Review. 13 September 2020. Retrieved 19 September 2020.
  15. ^ "Imposter Syndrome as an Asset". Atlassian blog. Retrieved 1 September 2017.
  16. ^ a b Riordan, Primrose (21 July 2023). "Mike and Annie Cannon-Brookes to separate". Australian Financial Review.
  17. ^ 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.
  18. ^ Macken, Lucy (9 February 2017). "Techie Mike Cannon-Brookes proves a sucker for fine real estate, twice". Domain. Retrieved 5 May 2019.
  19. ^ "Australia's most expensive house sells for $100m". OneRoof. NZME Publishing Limited. 28 September 2018. Retrieved 29 September 2018.
  20. ^ Macken, Lucy (26 April 2019). "Mike Cannon-Brookes buys house next door to Fairwater for $12m". Domain. Retrieved 5 May 2019.
  21. ^ Annie Cannon-Brookes buys Dunk Island with plans to develop, Mark Rigby, ABC News, 2022-07-13
  22. ^ a b "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  23. ^ a b Stensholt, John, ed. (29 May 2016). "BRW Rich 200 List 2016". Australian Financial Review. Australia. Retrieved 9 June 2016.
  24. ^ a b "Rich List 2016". The Sunday Times. No. 44. 24 April 2016.
  25. ^ a b Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
  26. ^ Stensholt, John, ed. (May 2013). "BRW Rich 200 List 2013". Australian Financial Review. Australia. Retrieved 9 June 2016.
  27. ^ "Gina Rinehart tops Forbes' Australian rich list". The Australian. Australian Associated Press. 31 January 2013. Retrieved 9 June 2015.
  28. ^ Stensholt, John, ed. (27 June 2014). "BRW Rich 200 List 2014". Australian Financial Review. Australia. Retrieved 9 June 2016.
  29. ^ Rollason, Adam (30 January 2014). "Rinehart on top, Palmer down on Forbes rich list". Financial Review. Australia. Retrieved 9 June 2015.
  30. ^ "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  31. ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2015". Australian Financial Review. Australia. Retrieved 9 June 2016.
  32. ^ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Australian Financial Review. Retrieved 7 October 2019.
  33. ^ "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  34. ^ Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". Australian Financial Review. Retrieved 26 May 2018.
  35. ^ Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Retrieved 31 May 2019.
  36. ^ "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  37. ^ Kruger, Colin (19 March 2019). "Atlassian founders worth $10 billion each after record stock rise". Sydney Morning Herald. Retrieved 5 May 2019.
  38. ^ Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". Australian Financial Review. Retrieved 31 October 2020.
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