Australian Financial Review’s Young Rich List for 2017 has arrived, and features a few familiar faces. We’ve broken down the top 15 in the list to find out how many young entrepreneurs in tech have made the cut.
#1. Mike Cannon-Brookes and Scott Farquhar
Co-founders and co-CEOs of Atlassian
If you’re not familiar with these two young entrepreneurs from their wildly popular startup Atlassian (have you been living under a rock?), you may remember them from our interview a few months back. Atlassian develops software for developers and has earned its CEOs a combined $6.07 billion, landing them the coveted top spot.
But the tech startup didn’t have such fortuitous beginnings. “For the first two years, we could only afford to pay ourselves $15,000 each – we were in survival mode,” says Scott. “But that forced us to be frugal, hustle for business and stay focused.”
#3. Dave Greiner and Ben Richardson
Co-founders, Campaign Monitor
Campaign Monitor is tipped to be the next big thing in tech startups, so keep an eye on this one. It was founded by two best friends of three decades, Dave and Ben, and manages the email marketing for over 200,000 businesses.
So where does the success come from? We’re beginning to see a trend in humble beginnings for these young entrepreneurs. Dave and Ben are two dads from the Shire and grew their business seemingly out of nothing but hard work and intuitive strategy to a wealth of $607 million. Being best friends seems to have its advantages, in Ben’s words: “I actually think it allows us to have far more heated debates because we have complete trust in each other.”
#9. Collis and Cyan Ta’eed
Co-founders, chief executive and executive director, Envato
Envato is a digital marketplace of all things creative. Buy a website design, hire a designer, download graphics or browse through tutorials to learn to create in the digital realm through coding, or create crafts with your hands. Envato seems to be covering all bases, which earned them a place in the list at $216 million.
The husband and wife founders started their business in a garage in 2006 with friend Jun Rung, which seems to be a good luck omen for tech startups. Collis’ brother Vahid Ta-eed also joined the company in 2008.
#13. Sean Tomlinson
Chairman, Revel Systems
Revel Systems is a software system that allows users to create a POS straight through their iPads. Not just for retailers, Revel’s system has systems applicable for businesses like food trucks, events, or stadiums. Revel’s earnings saw Tomlinson come in with a wealth of $154 million.
#15. Luke Anear
Founder and chief executive, SafetyCulture
SafetyCulture is proving to be one of the most useful apps on the block, providing a workplace safety checklist for streamlining processes. Anear received initial funding for his startup from none other than Atlassian’s Scott Farquhar, who seems to know a good thing when he sees it. Anear came in on the list with a wealth of $134 million.
Author: Heather Catchpole
Heather co-founded Careers with STEM publisher Refraction Media. She loves storytelling, Asian food & dogs and has reported on science stories from live volcanoes and fossil digs