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Grizzly Bulls’ Billionaires Index

⬅ # 159 Anders Holch Povlsen|# 161 Wei Jianjun ➡

# 160 Mike Cannon-Brookes 

$12.5B

Real Time Net Worth
as of 5/13/2024
$162.6M (1.30%)

# 160 Mike Cannon-Brookes 

$12.5B

Real Time Net Worth
as of 5/13/2024
$162.6M (1.30%)
OccupationCofounder and Co-CEO, Atlassian
Source of WealthSoftware
Age44
ResidenceSydney, Australia
Marital StatusMarried
Children4
EducationBS, University of New South Wales
Age-Adjusted Net Worth$36.8B
Mike Cannon-Brookes
Mike Cannon-Brookes
Australia
Net worth: $12.5B

Self-Made Score 

Wealth History

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Biography

Personal Info

Michael Cannon-Brookes was born in November 1979 in Sydney, Australia, to a global banking executive named Mike and his wife Helen.
He attended Cranbrook School in Sydney and graduated from the University of New South Wales with a degree in information systems on a UNSW Co-op Scholarship.
Cannon-Brookes is married to Annie Todd, and they have four children. The couple met at a Qantas lounge while flying from Sydney to San Francisco.
In August 2023, Cannon-Brookes separated from his wife Annie, ending their 13-year marriage. They previously lived in Sydney's eastern suburbs in Centennial Park.

Education and Career

Cannon-Brookes, along with Scott Farquhar, co-founded Atlassian in 2002, shortly after graduating from university. They funded the company with credit cards.
He is the co-founder and co-CEO of Atlassian, a collaboration software company.
In 2022, Cannon-Brookes acquired a minority stake in the Australian energy company AGL Energy.
Since 2018, he has been involved in the Australia-Asia Power Link, an electricity infrastructure project developed in the Northern Territory by Sun Cable, in collaboration with Twiggy Forrest.
In March 2022, Cannon-Brookes and Andrew Forrest invested in the Sun Cable project to build a solar and battery farm in the Northern Territory. However, in January 2023, Sun Cable went into administration due to disagreements between Cannon-Brookes and Forrest.
In May 2023, Cannon-Brookes' company Grok Ventures outbid others to buy the liquidated Sun Cable company.
Cannon-Brookes is an adjunct professor at the University of New South Wales' School of Computer Science and Engineering.

Investments and Other Activities

In December 2020, Cannon-Brookes bought a minority stake in the NBA team Utah Jazz, along with Qualtrics co-founder Ryan Smith.
He is a major investor in the Australian publicly listed energy company AGL.
In September 2020, Cannon-Brookes was listed on a Chinese Government 'Overseas Key Individuals Database' of prominent international individuals of interest for China.

Real Estate

In 2018, Cannon-Brookes and his wife Annie bought Fairwater, Australia's most expensive house, for approximately A$100 million.
They also acquired the 1923-built heritage residence Verona in Double Bay for A$17 million, previously owned by New Zealand philanthropist Pat Goodman.
In 2016, Cannon-Brookes bought the A$7.05 million SeaDragon house, built in 1936, designed by architect Leslie Wilkinson, and updated by architect Luigi Rosselli.
In 2019, he purchased a house near Fairwater for A$12 million.
His Centennial Park home sold for A$16.5 million.

Separation and New Deals

In July 2022, Annie Cannon-Brookes made a deal to buy Dunk Island off Mission Beach, Queensland, with the intent to create a nature reserve and revitalize the resort.
In July 2023, the Australian Financial Review reported that the couple, Mike and Annie Cannon-Brookes, were separating.

How long would it take you to become as rich as Mike Cannon-Brookes?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Mike Cannon-Brookes's net worth of $12.5B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Mike Cannon-Brookes is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Mike Cannon-Brookes, Software is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey