Scott Farquhar

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Scott Farquhar
BornDecember 1979 (age 39)
ResidencePoint Piper, Sydney
NationalityAustralian
EducationJames Ruse Agricultural High School
Alma materUniversity of New South Wales
Known forCo-founder and co-CEO, Atlassian (with Mike Cannon-Brookes)
Net worth
Board member ofAtlassian
Spouse(s)Kim Jackson
Children3

Scott Farquhar (born December 1979) is an Australian billionaire, the co-founder and co-CEO of the software company Atlassian. Farquhar often carries the epithet of accidental billionaire after he and his business partner Mike Cannon-Brookes founded Atlassian with the aim to replicate the A$48,000 graduate starting salary typical at corporations without having to work for someone else.[4][5]

Early life[edit]

Farquhar was born in December 1979.[6] He attended James Ruse Agricultural High School in Carlingford, NSW.[7] He graduated from the University of New South Wales, with a Bachelor of Arts and Bachelor of Science.[8][9]

Career[edit]

With Cannon-Brookes, Farquhar is the co-founder and co-CEO of Atlassian, a collaboration software company with more than 51,000 large and small organisations as customers – including some of the biggest names in media, manufacturing and technology[10] – use Atlassian’s tracking, collaboration, communication, service management and development products. He is also an adjunct professor at the University of New South Wales' School of Computer Science and Engineering. Cannon-Brookes and Farquhar were recognised for their achievements as the Australian IT Professional of the Year award in 2004, and Australian 2006 Entrepreneur of the Year.[9] Farquhar has mentored through the Australian Businesswomen’s Network and gives guest lectures on entrepreneurship to MBA students and undergraduates.[4]

In 2018, Farquhar spoke out against the Australian Government’s renaming of the 457 visas, saying the move damages Australia's reputation as a place that people want to come to work. [11]

Personal life[edit]

He is married to Kim Jackson and they have three children.[12][13][14] In 2017 Farquhar purchased from the Fairfax family its former ancestral Sydney harbourside home, Elaine, for approximately A$75 million. The Point Piper home set on 6,986 square metres (75,200 sq ft) had been in the ownership of the Fairfax family since 1891 and was vacant for nearly twenty years prior to its purchase by Farquhar.[15][16] In 2018 Mike Cannon-Brookes bought the house next door, Fairwater, Australia's most expensive house at around $100m.[17]

Alongside his business partner, Cannon-Brookes, Farquhar debuted on the 2007 BRW Young Rich list of the richest Australians aged 40 and under, and on the BRW Rich 200 in 2013 with an estimated net worth of A$250 million. In 2016, his net worth was estimated by Forbes on the list of Australia's 50 Richest people as US$1.75 bn;[2][18] by BRW Rich 200 as A$2.00 bn;[1] and by the Sunday Times Rich List as GB£906 million.[3] As of 2019, Scott are ranked 5th in the Forbes' Australia's 50 Richest people with revenue of US$7.5 billion;[19][20]

Wealth rankings[edit]

Year BRW
Rich 200
Forbes
Australia's 50 Richest
Sunday Times
Rich List
Rank Net worth (A$) Rank Net worth (US$) Rank Net worth (GB£)
2013[21][22] 190 Increase $0.25 billion Increase n/a not listed
2014[23][24] 35 Increase $1.07 billion Increase n/a not listed
2015[25][2] 42 Increase $1.14 billion Increase 25 Increase $1.10 billion Increase
2016[1][2][3] 18 Increase $2.00 billion Increase 15 Increase $1.75 billion Increase £906 million Increase



Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

References[edit]

  1. ^ a b c Stensholt, John, ed. (29 May 2016). "BRW Rich 200 List 2016". Financial Review. Australia. Retrieved 9 June 2016.
  2. ^ a b c d "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  3. ^ a b c "Rich List 2016". The Sunday Times (page 44). 24 April 2016.
  4. ^ a b Fitzsimmons, Caitlin (12 April 2014). "Accidental billionaires: why Atlassian's Mike Cannon-Brookes and Scott Farquhar are so admired in the start-up industry". Financial Review. Australian. Retrieved 9 June 2016.
  5. ^ Kitney, Damon (27 February 2016). "The Cannon-Brookes: balancing life as accidental billionaires". The Australian. Retrieved 9 June 2016.
  6. ^ "ATLASSIAN CORPORATION PLC - Officers (free information from Companies House)". Retrieved 30 May 2016.
  7. ^ Fitzsimmons, Caitlin (25 July 2014). "How Atlassian's Scott Farquhar and Mike Cannon-Brookes became software titans". Retrieved 30 May 2016 – via The Age.
  8. ^ "#1275 Scott Farquhar". Forbes. 2016. Retrieved 9 June 2016.
  9. ^ a b Atlassian. "People - Atlassian". Retrieved 30 May 2016.
  10. ^ missing
  11. ^ "Atlassian boss Scott Farquhar warns visa rule changes risk stunting local tech growth". The Australian Financial Review. 2 November 2017. Retrieved 28 September 2018.
  12. ^ Fitzsimmons, Caitlin (25 July 2014). "The untold story of the rise of Atlassian duo Scott Farquhar and Mike Cannon-Brookes". AFR Weekend. Australia. Retrieved 9 June 2016.
  13. ^ Thackray, Lucy (17 April 2015). "From a tiny apartment above a sex shop to $12 million mansion in exclusive Sydney suburb: Australia's richest man under 40 splashes cash on spectacular new home". Daily Mail. Australia. Retrieved 9 June 2016.
  14. ^ Chancellor, Jonathan (29 April 2017). "37-year-old Scott Farquhar pays more than $70 million for derelict Fairfax mansion Elaine". Daily Telegraph. Retrieved 5 May 2017.
  15. ^ Tan, Su-Lin (30 April 2017). "Fairfax family sold Elaine for circa $75m with a sentimental discount". The Australian Financial Review. Retrieved 5 May 2017.
  16. ^ Macken, Lucy (29 April 2017). "Point Piper estate Elaine sold for more than $70 million, sets national price record". Domain. Retrieved 5 May 2017.
  17. ^ "Australia's most expensive house sells for $100m". OneRoof. NZME Publishing Limited. September 28, 2018. Retrieved September 29, 2018.
  18. ^ Richards, Ronelle (28 January 2016). "Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar are the youngest Australians on Forbes Rich List while Gina Rinehart loses top spot". SmartCompany. Retrieved 9 June 2016.
  19. ^ Cite error: The named reference Forbes2019 was invoked but never defined (see the help page).
  20. ^ Forbes (11 April 2019). "Australia's 50 Richest People". Forbes. Retrieved 11 April 2019.
  21. ^ Stensholt, John, ed. (May 2013). "BRW Rich 200 List 2013". Financial Review. Australia. Retrieved 9 June 2016.
  22. ^ "Gina Rinehart tops Forbes' Australian rich list". The Australian. AAP. 31 January 2013. Retrieved 9 June 2015.
  23. ^ Stensholt, John, ed. (27 June 2014). "BRW Rich 200 List 2014". Financial Review. Australia. Retrieved 9 June 2016.
  24. ^ Rollason, Adam (30 January 2014). "Rinehart on top, Palmer down on Forbes rich list". Financial Review. Australia. Retrieved 9 June 2015.
  25. ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2015". Financial Review. Australia. Retrieved 9 June 2016.