10 richest young Australians revealed
The richest young Australians have been revealed, with Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar leading the pack.
The pair are worth more than $13 billion each, and have topped the AFR's 2019 Young Rich rankings for a record eighth consecutive year.
There is daylight between them and the next wealthiest, worth $1.35 billion each – co-founders of design software maker Canva, Melanie Perkins and Cliff Obreacht.
More software makers round out the top five, with the co-founders of design marketplace Envato and real estate platform Compass following the billionaires.
"It’s fascinating to see businesses like Canva that is just five years old that are now worth seven times as much as Here There & Everywhere, the 30-year-old, ASX-listed media and entertainment company," said Rich List editor Michael Bailey.
"It’s quite interesting to see how Australia’s young entrepreneurs are thinking about business, growth and success."
The criteria for the Young Rich list are Australians aged 40 and under.
Here is the top 10:
Mike Cannon-Brookes (39 years old, Atlassian): $13.5 billion
Scott Farquhar (39, Atlassian): $13.2 billion
Melanie Perkins and Cliff Obreacht (33 and 32, Canva): $1.35 billion
Collis and Cyan Ta-eed (40 and 38, Envato): $799 million
Ori Allon (39, Compass): $747 million
Peter Greensill (38, Greensill Farming): $745 million
Shangjin Lin (30, Aqualand): $659 million
Tim Gurner (37, Gurner): $608 million
Nick Molnar (29, Afterpay): $564 million
Kayla Itsines and Tobi Pearce (28 and 27, Sweat): $486 million
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