Tech millionaires dominate this year's Australian young rich list

Atlassian co-founders and co-CEOs Mike Cannon-Brookes (L) and Scott Farquhar (R). Photo: Kelly Sullivan/ Getty Images for Fortune.

Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar again top the 2017 Young Rich List with a record $6.08 billion combined wealth.

The two, both aged 38, became billionaires when the company they founded, software maker Atlassian, listed on the NASDAQ in the US late in 2015.

Their wealth equals more than 10 times that of the next two placegetters on the 2017 Financial Review Young Rich List, which records the wealth of Australians aged 40 and under.

The pair have topped the list every year since 2012.

Their wealth has increased by an estimated $1.2 billion in the 12 months since the 2016 list.

Here are the top ten in the 2017 Young Rich List:

    1. & 2. $6.08 billion. Mike Cannon-Brookes, Scott Farquhar, founders of Atlassian
    3. & 4. $465 million. Dave Greiner, Ben Richardson, founders of web marketing company Campaign Monitor.
    5. $465 million. Melbourne property developer Tim Gurner.
    6. $368 million. Owen Kerr, co-founder of online foreign exchange trader Pepperstone.
    7. $364 million. Ori Allon, New York-based technology and property identity.
    8. $318 million. Sam Prince, owner of food chain Zambrero and genetics testing Life Letters.
    9. & 10. $216 million. Collis and Cyan Ta’eed, the founders of online graphic marketplace Envato.

The total wealth of the 100 people on 2017 Young Rich List is a record $13.2 billion, up from $12.3 billion in 2016.

The average wealth per person is $132 million, up from $123 million last year.

Technology is the dominant sector for 2017 with 38 people on the list, followed by financial services with 12 and retail at eight.

There are 27 debutants, including global fitness and health star Emily Skye at number 83 with $32 million and Airtasker co-founders Tim Fung and Jonathan Lui, at 66th and 67th with $41 million.

The youngest newcomers are HiSmile co-founders Nik Mirkovic, 22, and Alex Tomic, 24, who debut at 58th and 59th with combined wealth of $46 million.

Nine women make it to the 2017 list, up from eight last year.

They include Canva CEO Melanie Perkins, at 17th with $128 million, model Miranda Kerr, 62nd with $44 million and fitness star Kayla Itsines, who jumps 11 places up to 40th with shared wealth of $46 million.

The Financial Review Young Rich is a list of Australia’s wealthiest self-made citizens aged 40 and under. Those who have inherited their wealth don’t qualify.

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