Tech Money Dominates AFR Young Rich List For 2020

Tech Money Dominates AFR Young Rich List For 2020

Ready to regret not learning code? AFR has published the Young Rich List for 2020 with an overwhelming 81% of the Top 100’s combined $39.6 billion wealth originating from binary.

In this year’s edition of the elite 40 and under titans, Atlassian Co-Founder & Co-CEO Scott Farquhar tops the list with $17.77 billion. While these figures are matched by his business partner Mike Cannon-Brookes, Farquhar’s counterpart turned 41 less than two weeks ago, which automatically disqualified the latter from being considered. Incidentally, Farquhar hits the big 4-1 next month. Timing is everything, I suppose.

#2, #3, and #4 spots represent a considerable drop from $17.77 billion but remain impressive nonetheless. The ranks are occupied by Canva’s soon-to-be-wed power couple / Co-Founders, CEO, & COO – Melanie Perkins and Cliff Obrecht – with a substantial $3.43 billion apiece; followed by Australia’s youngest self-made billionaire and Afterpay co-founder Nicholas Molnar at $2.22 billion.

Check out the Top 11 entrants from AFR’s Young Rich List for 2020 below.



Scott Farquhar (Tech) – $17.77 billion

Atlassian | Co-Founder & Co-CEO
Wealth last year: $13.22 billion
Age: 40

Melanie Perkins & Cliff Obrecht (Tech) – $3.43 billion

Canva | Co-Founders, CEO, & COO
Wealth last year: $1.35 billion
Age: 34 & 33

Nicholas Molnar (Tech / Financial Services) – $2.22 billion

Afterpay | Co-Founder & Global Chief Revenue Officer
Wealth last year: $564 million
Age: 30

Cameron Adams (Tech) – $1.12 billion

Canva | Co-Founder & Chief Product Officer
Wealth last year: $452 million
Age: 40

Laurence Escalante (Tech / Gaming) – $919 million

Virtual Gaming Worlds | Founder
Wealth last year: $57 million
Age: 39

RELATED: AFR Reveals The 10 Richest Australians In 2020

Peter Greensill (Agriculture / Financial Services) – $788 million

Greensill Farming & Greensill Capital | Co-Owner & Board Member
Wealth last year: $745 million
Age: 39



Ori Ollon (Tech) – $695 million

Compass | Co-Founder & Executive Chairman
Wealth last year: $747 million
Age: 40

Mitchell Harper (Tech) – $694 million

BigCommerce | Co-Founder
Wealth last year: $86 million
Age: 38

Ruslan Kogan (Retail / Insurance / Telecommunications) – $685 million

Kogan.com | Founder & CEO
Wealth last year: $332 million
Age: 37

Owen Kerr (Financial Services) – $617 million

Pepperstone | Co-Founder & CEO
Wealth last year: $470 million
Age: 36

You can check out the AFR Young Rich List for 2020 (Top 100) in complete detail here.