Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar have suffered the largest falls in valuations of the top 200 wealthiest Australians since this year’s Rich List cut-off, down a combined $15.4 billion in only two months.
Mr Cannon-Brookes and Mr Farquhar appeared on this year’s Rich List, valued at $24.4 billion and $22.9 billion respectively, but they are now estimated to be worth $16.7 billion and $15.2 billion – lower than their 2023 valuations following the investor rotation out of tech in 2022.
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Yolanda Redrup is the co-editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
