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Aussie tech tycoons join world’s richest after Atlassian soars

March 12, 2018 12:04 AM
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Aussie tech tycoons join world’s richest after Atlassian soars

Screengrab of the Atlassian Corp website.SYDNEY, March 12 — Atlassian Corp’s rise to a record on Friday has catapulted its two Australian co-founders onto the Bloomberg Billionaires Index.

The fortunes of co-Chief Executive Officers Michael Cannon-Brookes and Scott Farquhar have risen US$1.1 billion (RM4.29) in 2018 to US$4.1 billion apiece, making them the 499th and 500th richest people on the planet.

Atlassian makes work-collaboration products like HipChat and Trello, which it bought for US$425 million last year. The Sydney-based company saw billings grow 43 per cent in the three months ending Dec 31, helping its share price jump by a third so far this year.

The business, which has more than 100,000 customers, doesn’t have a sales force and prefers to rely on word of mouth to generate sales, Farquhar said in February.

The pair, who founded Atlassian in 2002, have become figureheads for Australia’s tech scene and they’re already used to rubbing shoulders with billionaires.

Also read: Gamuda's Q2 earnings rise 27% to RM211.3 million


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