Bloomberg Billionaires Index

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#445 Scott Farquhar $4.34B

Random fact: Founded company straight out of university with friend Mike Cannon-Brookes.

Overview

Farquhar is the co-chief executive officer and co-founder of Atlassian, a developer of enterprise software. The Sydney-based company has more than 112,000 customers and reported revenue of $740 million in 2017. The maker of the Jira Software project management tool had its initial public offering in New York in December 2015.

As of June 24, 2018:
Last change -$93.6M (-2.1%)
YTD change +$1.30B (+42.7%)
Industry Technology
Biggest asset TEAM US Equity
Citizenship Australia
Age 35
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Scott Farquhar's net worth of $4.34B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Farquhar's fortune is derived from a 29 percent stake in Atlassian, a developer of enterprise software. The Sydney-based company is publicly traded in New York and has more than 112,000 customers, according to its website.

He holds the shares directly and via closely held holding company Skip Enterprises, according to the company's IPO prospectus and its annual report for the year to June 30, 2017. Farquhar's stake is held in Class B shares and represents 49 percent of the non-traded stock. His co-founder, Mike Cannon-Brookes, controls another 49 percent of the Class B shares.

The value of his cash holdings is based on an analysis of dividends, insider transactions, taxes and market performance.

Atlassian spokesman Scott Rubin declined to comment on Farquhar's net worth.

Biography

Birthdate:
Family: Married, No children
Education: PRESENT, University of New South Wales, Bachelor's Degree, Science

Scott Farquhar was born in Sydney in 1979. He began studying for a Bachelor of Commerce in information systems degree at the University of New South Wales in 1998. 

Farquhar met classmate Mike Cannon-Brookes during his university studies and the pair founded Atlassian in 2001. The enterprise software company offers services to software developers and project managers.  

Atlassian grew quickly and by 2010 had sold a minority stake to venture capital firm Accel Partners for $60 million. It sold $462 million in new shares in a 2015 initial public offering in New York. The IPO valued Atlassian at more than $4 billion.

Farquhar lives in Sydney with his wife.

Milestones
  • 1979 Scott Farquhar is born.
  • 2001 Invited by Mike Cannon-Brookes to help start a company.
  • 2002 Co-founds Atlassian.
  • 2006 Named Ernst & Young's Australian Entrepreneur Of The Year.
  • 2010 Company gets $60 million from venture capital firm Accel Partners.
  • 2015 Atlassian raises $462 million in IPO.
  • 2017 Revenue for full year to June exceeds $600 million for first time.
  • 2018 Company has six offices in five countries.