Australian startup founders are young and very rich, list confirms


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It looks like it pays off to be young and in tech.

Atlassian cofounders Mike Cannon-Brookes and Scott Farquhar lead the 2016 BRW Young Rich List, announced Thursday, with other startup founders dominating the top five.

The workplace software company, which went public in the U.S. in late 2015, has helped the pair to a cool A$4.68 billion in combined wealth, according to BRW's researchers. So, not at all shabby.

They have used some of their cash to support other Australian startups, with Cannon-Brookes backing tech-focused superfund Spaceship, and Farquhar investing in workplace safety app, SafetyCulture. Read more...

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