Atlassian Founders Lose $7.2B as TEAM Tanks 48% in 2026
Atlassian co-founders shed billions in wealth as the stock becomes the Nasdaq 100's worst performer this year.
It's been a brutal year for Atlassian's founders. The duo behind the enterprise software giant has watched roughly $7.2 billion in personal wealth evaporate in 2026, making them among the hardest-hit billionaires in tech.
TEAM shares have cratered approximately 48% year-to-date, earning the stock the dubious title of worst performer on the entire Nasdaq 100. The collapse comes amid a broader SaaS rout that's hammered valuations across the sector.
The only founders who've had it worse? AppLovin's three co-founders, who top the wealth-destruction leaderboard.
Co-founder Michael Cannon-Brookes hit billionaire status in his 30s and built a reputation as one of Australia's wealthiest tech executives following Atlassian's IPO. That fortune is now significantly lighter. The SaaS selloff shows no signs of mercy.