Tech tycoons dominate Australia's young rich-list
TECH-BILLIONAIRES have dominated the Australian Financial Review's Young Rich List this year with Atlassin founders Mike Cannon-Brookes and Scott Farquar taking out the top spot.
The pair started their software design company in Sydney in 2002 and reportedly used a $10,000 credit to finance it.
Today Atlassin counts NASA, Twitter and Facebook, among its clientele, has offices in Amsterdam, Austin, Manila, San Francisco and Yokohama and employs more than 1700 people.
And now the two share in a $4.68 billion fortune which won them top-spot on the list of richest Australians under 40.
Coming in at number two are another tech-duo Dave Greiner and Ben Richardson.
The boys from the Shire today own an internet marketing company called campaign monitor and have a combined net-worth of $543 million.
Today their company has more than 200 staff in 20 cities and 200,000 paying customers,
Campaign Monitor's core business is building email marketing campaigns.
On a more traditional note number five on the list is Perth property developer Paul Blackburne - whose wealth the AFR placed at $483 million.
Blackburne Property Group dominates the Perth apartment market and develops three to four large apartment projects per year.
Sixth on the BRW Young Rich list is technology investor Simon Clausen, who is involved in thriving tech businesses such as Chinese real estate portal Juwai.com and Freelancer.
Number 7 on the list is Melbourne property developer Tim Gurner, who builds apartment projects in hip inner-city suburbs such as Collingwood and North Fitzroy.
Eight is Swisse Wellness CEO Radek Sali, who heads a thriving business that has found huge success exporting vitamins to China, and is also starting to invest in start-ups himself.
Number 9 is New York-based technology and property identity Ori Allon. His real estate tech firm Compass has made a big splash disrupting the US property scene.
Rounding out the top 10 of the 2016 BRW Young Rich list is Sydney retailer and biotechnology company founder Sam Prince. He owns the Mexican fast food chain Zambrero and emerging biotech firm Life Letters, a genetics testing company.
Technology is the dominant sector for 2016 with 27 people on the list, followed by financial services and retail each with 11 young rich on the list.
The BRW Young Rich list, recording the wealth of our richest Australians aged 40 and under, has been published annually since 2003.