Canva Co-Founder Becomes the Richest Self-Made Female Billionaire

Canva Co-Founder

Canva becomes one of the largest privately-owned companies in the world and makes CEO and Co-Founder the richest self-made female billionaire.

In a recent valuation, the Australian graphic designing website, Canva, was valued at a whopping US$40 billion. This cements its place as one of the largest privately-owned companies in the world. The company is now the fifth most valuable startup worldwide, closely following SpaceX, Stripe, ByteDance and Klarna.

The rise in the company’s fortunes has made its CEO and co-founder Melanie Perkins the richest self-made female billionaire in the world. Perkins is one of the youngest female CEOs of a tech Unicorn (i.e-startup valued at more than USD1 billion) and, as of 2021, is the second richest woman in Australia.

According to official claims, the platform now boasts 60 million users in over 190 countries. Of these, nearly 500,000 are paying customers, including big names such Zoom, PayPal, Marriott International as well as American Airlines. Paying customers of the company have access to over 8,000 templates and other design elements not included in the free version. The company attributes the rise in its popularity to their customers working from home during the Covid-19 pandemic. 

Canva is a platform where users can digitally create graphic content, such as presentations, invitations, resumes, posters, calendars, and memes. It offers an array of pre-loaded templates, which allows users to produce engaging content at the snap of a finger. The platform helps users with no technical graphic design skills to create professional-looking graphics.

The company was co-founded by Melanie Perkins and her now-husband, Cliff Obrecht, in 2013.

Between them, the couple owns 36% of the company. In  May 2021, The Australian Financial Review assessed Perkins’ and Obrecht’s joint net worth to be around AUD$7.98 billion.

The couple has often stated that they want to donate the majority of their fortune towards various charitable causes.

 “As Canva’s value grows, so too does our ability to have a positive impact on the world. And as we have a positive impact on the world, we believe that Canva will grow too by being able to attract and motivate the best team and our community who care about having a positive impact on the world too,” Perkins says.

Images courtesy of Flickr

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Elon Musk Buy Next

What Is Elon Musk Going to Buy Next?

There are moments in our lives—perhaps we are in the shower or struggling to sleep at 2 A.M.—when we think about all the ways we could influence the world. We find solutions to crypto volatility, world hunger and our neighbor’s ultra-dry plants.

5 Technologies

5 Technologies That Are on Stage in Russia’s Invasion of Ukraine So Far

On February 21, 2022, Vladimir Putin, President of the Russian Federation, declared the independence of the Donetsk People’s Republic and Luhansk People’s Republic. Arousing international outcry, this ignited the ultimate invasion of Russia on Ukraine three days later. While Ukrainians are still defying Putin’s covetous ambitions, new technologies have been floating on the surface to take advantage of each other.

Technology Joy Ghose

Technology Pioneers – Interview With Joy Ghose of FreeD Group

Over the past 15 years, the Chief Commercial Officer (CCO) of FreeD Group Limited, Joy Ghose, has accumulated plenty of experience in the travel and technology industry. Before joining FreeD Group, Ghose was involved in sales, marketing and management roles at companies like Merlin Entertainments and The Hong Kong Tourism Board.

Creamy Mattes and Beyond Reviewing GoPlay Cosmtics’ Custom Lipstick Maker

To Creamy Mattes and Beyond: Reviewing GoPlay Cosmtics’ Custom Lipstick Maker

While researching for our piece on personal color analysis, I came across the LIPSKIT, a custom lipstick-making tool created by GoPlay Cosmetics. GoPlay Cosmetics is a DIY (do-it-yourself) make-up brand that is looking to prioritize sustainability in the make-up industry without compromising the variety of your lipstick collection.

Ledger vs Trezor

Ledger vs Trezor: Where Should You Store Your Crypto Holdings?

As lucrative as the cryptocurrency world is, it comes with a high risk of losing your crypto because of hacks. To make sure that your crypto holdings stay safe with you, you must carefully choose effective storage solutions for them. One of the ways to keep your crypto secure is by holding it in a hardware wallet.