BRW Young Rich List 2014 — Mike Cannon-Brookes and Scott Farquhar

THEY’RE cool, young and filthy rich. With a combined wealth of $8.3 billion, the richest young guns in Australia have money to burn.

THEY’RE cool, young and filthy rich.

BRW has released its Young Rich List again and it’s a pantheon of jealousy and bitter grumblings — for those of us not on it.

So who tops the illustrious under-40, self-made rich list?

Young gun darlings of the tech world, Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar sit atop the mountain of rich kids with their combined $2.1 billion wealth. Yes, that’s billion with a ‘b’. That figure has grown enormously from the $550 million they were worth at a year ago thanks to a $3 billion valuation the company achieved earlier this year.

Atlassian consistently tops ‘best employers’ and ‘best places to work’ honours.

The mid-thirties Cannon-Brookes and Farquhar founded the software company in 2002 and in the 12 intervening years, has grown the business to an 800-strong firm who counts NASA and Tesla among its clients.

The next two Young Rich Listers, Dave Greiner and Ben Richardson, are debutantes. Their email marketing business, Campaign Monitor, scored a big investment this year, which pegged the pair’s wealth at $500 million.

Technology entrepreneur Simon Clausen is fifth on the list with a wealth of $487 million, up from $350 million a year. His coffers shot up mainly because of the increasing value of his Freelancer shares.

Simon Clausen founded PC Tools.

Online retail entrepreneur Ruslan Kogan comes in sixth on the list with his $349 million wealth while Patrick Grove, who boasts several ASX-listed entities including iCar Asia, has $344 million.

Ruslan Kogan has been very vocal about taking on traditional retailers.

Rounding out the top 11 are Owen Kerr, who holds equity in foreign exchange broker Pepperstone, The Catch Group co-founder Hezi Leibovich and entrepreneurs Gavin Fernandez and George Nakas, whose assets include James Lane Motors and Dutton Wholesale.

Mirroring worldwide trends, technology was the most dominant sector on the Young Rich List, taking the 30 spots.

Here are some more facts that will surely rouse the green-eyed monster in you:

-The youngest person on the list is 18-year-old Nick D’Aloisio, worth $23 million, who sold his app to Yahoo last year.

Nick D'Aloisio made global headlines when he sold his Summly app to Yahoo at 17-years old.

-The combined wealth of the 100 youngsters on the list is $8.3 billion, more than double the $3.1 billion of a year ago.

-The average wealth of a person on the list is $83 million.

-23 people made debuts on the list this year.

-The richest woman on the list is Carman’s founder Carolyn Cresswell with $83 million, followed by Erica Baxter whose divorce from James Packer lined her bank account handsomely.

Carman’s founder Carolyn Cresswell is the richest woman on the BRW list.

Erica Baxter saw her net worth skyrocket following her divorce from James Packer.

-NSW had the most Young Rich Listers with 31 members with Victoria close behind with 28.