The BRW Young Rich features the wealthiest young Australians and how they earned their fortune. In previous years, universities in Western Australia were more associated with these successful entrepreneurs. However, the 2016 edition showed that UNSW produced more young rich listers in the top 25 than any other institution nationwide.
Atlassian startup founders Mike Cannon-Brookes and Scott Farquhar topped the list with earnings of $4.68 billion. The digital software company’s earnings doubled from 2.3 billion on the 2015 Young Rich list. Mike and Scott have been on the list from 2012. The software company was also successfully listed on Nasdaq in 2015 –the biggest ever listing by an Australian company on a US exchange. The two entrepreneurs met while studying business information technology at UNSW.
Other UNSW alumni on the list include Ori Allon who is now worth $316 million with his real estate technology disrupter, Compass. In 2014, Ori was appointed to the honorary post of adjunct professor to UNSW's school of computer science and engineering. He assists students to foster their start-up ideas.
Simon Clausen, who came in at number 6 on the list with $391 million, studied at UNSW before becoming involved in a variety of tech businesses.
Rank 12 and 13 showed Collis Ta'eed with wife Cyan who are worth $184 million. Collis completed a bachelor of science at UNSW before undertaking postgraduate studies at UTS, launching Envato, a network of websites with more than 6 million members.
UNSW has educated a total of five in the top 25 Young Rich list.