Scott Farquhar is a well-known Australian entrepreneur and co-founder of Atlassian, a leading enterprise software company. As of October 2023, Farquhar’s net worth is estimated to be around $12.3 billion USD, according to Accumulate Australia. This places him among the wealthiest individuals in Australia and the world.
Farquhar’s success can be attributed to his role in co-founding Atlassian in 2002, along with Mike Cannon-Brookes. The company has since grown to become a global leader in software development and collaboration tools, with over 200,000 customers worldwide. As of September 2023, Farquhar owns over 8,241 units of Atlassian stock worth over $3.2 million USD and serves as the Co-Founder and Co-CEO & Director at Atlassian, earning a salary of $61,187.
Despite his immense wealth, Farquhar remains committed to philanthropy and supporting the Australian tech industry. He has donated millions of dollars to various causes and has also invested in several Australian tech startups. Farquhar’s net worth is expected to continue to grow in the coming years, cementing his status as one of the most successful and influential entrepreneurs in Australia.
Scott Farquhar: A Brief Overview
Scott Farquhar is a renowned Australian entrepreneur and tech visionary born in December 1979. He is the co-founder and co-CEO of Atlassian, a leading enterprise software company that has significantly impacted the global technology landscape.
Farquhar co-founded Atlassian in 2002 with Mike Cannon-Brookes while they were studying at the University of New South Wales. The company has since grown to become one of the largest software companies in the world, with over 5,000 employees and a market value of over $100 billion as of 2023.
Farquhar’s net worth has also grown significantly since the founding of Atlassian. As of October 4, 2023, his net worth is estimated to be $12.3 billion (US), making him one of the richest people in Australia and the world.
Apart from his role at Atlassian, Farquhar is also involved in various philanthropic activities. He is a signatory to The Giving Pledge, a commitment by some of the world’s wealthiest individuals to give away the majority of their wealth to address society’s most pressing problems.
Overall, Scott Farquhar is a respected figure in the tech industry, with a track record of success and a commitment to making a positive impact in the world.
Net Worth Evaluation 2023
Scott Farquhar is a self-made billionaire and one of the richest people in Australia. As of October 4, 2023, his net worth is estimated to be $12.3 billion USD, according to Accumulate Australia. Farquhar’s net worth has been steadily increasing over the years, thanks to his successful career as an entrepreneur and tech visionary.
One of Farquhar’s most significant contributions to the tech industry is his role as a co-founder and co-CEO of Atlassian, a leading enterprise software company. As of September 27, 2023, he owns over 8,241 units of Atlassian stock, worth over $3.2 million USD, according to wallmine AU. He also makes $61,187 as Co-Founder and Co-CEO & Director at Atlassian.
Farquhar’s net worth has been consistently rising, and he has been listed as one of Australia’s richest people for several years. In 2023, he was ranked seventh on the Financial Review Rich List, with a net worth of A$ 18.16 billion. He was also ranked #179 on the Forbes Billionaires list for 2023 and #7 on Australia’s 50 Richest list for 2023.
Farquhar’s success in the tech industry has made him one of the most influential people in Australia and a role model for aspiring entrepreneurs. His net worth is a testament to his hard work, dedication, and innovative thinking.
Factors Contributing to Net Worth
Scott Farquhar is a self-made billionaire who has significantly impacted the global technology landscape. His net worth as of October 4, 2023, is estimated to be $12.3 billion (US). Here are some of the factors that have contributed to his net worth:
Scott Farquhar and his business partner Mike Cannon-Brookes founded Atlassian in 2002 while they were still students at the University of New South Wales in Sydney. They started with a minimal investment and focused on developing software tools for developers. Atlassian has since grown into a global software company with a market capitalization of over $100 billion.
Atlassian’s success has been a significant contributor to Scott Farquhar’s net worth. The company went public in 2015, and its stock has performed very well since then. Farquhar still owns over 8,241 units of Atlassian stock worth over $3,245,965, and he makes $61,187 as Co-Founder and Co-CEO & Director at Atlassian.
Scott Farquhar is also known for his philanthropic efforts. He and his wife have donated millions of dollars to various causes, including education and medical research. In 2020, they donated $1 million to the Garvan Institute of Medical Research to support COVID-19 research.
Scott Farquhar has also made other investments outside of Atlassian, which have contributed to his net worth. For example, he invested in Canva, an Australian graphic design platform, which is now valued at over $40 billion.
Overall, Scott Farquhar’s net worth is a reflection of his entrepreneurial spirit, hard work, and success in the technology industry.
Atlassian: The Source of Wealth
Atlassian’s Performance in 2023
Atlassian, the software company co-founded by Scott Farquhar, had a successful year in 2023. The company reported strong financial performance, with revenue of $5.2 billion and net income of $1.2 billion. This represents a 26% increase in revenue and a 34% increase in net income compared to the previous year.
Atlassian’s success can be attributed to several factors, including its focus on cloud-based software and its expansion into new markets. The company also benefited from the growing trend of remote work, which increased demand for its collaboration tools.
Atlassian’s Impact on Farquhar’s Wealth
Scott Farquhar’s net worth is closely tied to the success of Atlassian. As of October 2023, his net worth is estimated to be $12.3 billion, making him one of the richest people in Australia.
Farquhar owns over 8,241 units of Atlassian stock, which is worth over $3.2 billion. He also receives a salary of $61,187 as the co-founder and co-CEO of Atlassian.
Atlassian’s strong financial performance in 2023 contributed to Farquhar’s increasing wealth. He and his co-founder, Mike Cannon-Brookes, added around $3.2 billion each to their wealth after the company’s earnings update in August 2023.
Overall, Atlassian’s success has been a major source of wealth for Scott Farquhar. As the company continues to grow and expand, it is likely that his net worth will continue to increase.
Investments and Ventures
Real Estate Investments
Scott Farquhar has made significant investments in the real estate market, particularly in his home country of Australia. In 2022, he purchased a luxurious waterfront mansion in Sydney’s exclusive suburb of Point Piper for $75 million, making it the most expensive home ever sold in Australia at the time. The mansion boasts six bedrooms, a tennis court, and a private jetty.
Farquhar also owns several other properties in Australia, including a $16 million mansion in the same suburb and a $13 million penthouse in the heart of Sydney’s CBD. He has also invested in commercial real estate, with his company Atlassian owning several office buildings in Sydney and San Francisco.
Tech Startups Investments
As a successful tech entrepreneur, Scott Farquhar has invested in several startups over the years. In 2016, he invested $30 million in Australian fintech company Tyro Payments, which provides payment solutions for small and medium-sized businesses.
Farquhar has also invested in several other startups through his venture capital firm, Skip Capital. Some of the notable investments include:
- Canva: A graphic design platform that allows users to create professional-quality designs with ease. Canva is now valued at over $40 billion.
- SafetyCulture: A software company that provides workplace safety and quality management solutions. It is now valued at over $1 billion.
- Culture Amp: A platform that helps companies measure and improve employee engagement and performance. It is now valued at over $1 billion.
In addition to investing in startups, Farquhar has also been involved in philanthropy, donating millions of dollars to various causes and organizations, including the Black Dog Institute and the Sydney Children’s Hospital Foundation.
Philanthropy and Its Impact on Net Worth
Scott Farquhar is not only a successful entrepreneur but also a philanthropist who believes in giving back to society. He has been involved in various charitable causes and donated millions of dollars to support them. Farquhar’s philanthropic efforts have not only made a significant impact on society but also on his net worth.
According to the latest estimates, Scott Farquhar’s net worth in 2023 is $12.3 billion. He has donated a significant portion of his wealth to various charitable causes, including education, healthcare, and environmental conservation. Farquhar’s philanthropic efforts have not only helped those in need but also improved his public image and increased his brand value.
One of Farquhar’s notable philanthropic initiatives is the Pledge 1% movement, which encourages companies to donate 1% of their equity, profit, time, or product to charitable causes. The movement has gained significant traction and has been adopted by over 10,000 companies worldwide, including giants like Salesforce, Atlassian, and Twilio.
Farquhar’s philanthropic efforts have also earned him various accolades, including the Order of Australia and the Humanitarian Award from the United Nations Association of Australia. He has also been listed among the top philanthropists in Australia and the world.
In conclusion, Scott Farquhar’s philanthropic efforts have not only made a significant impact on society but also on his net worth. His dedication to giving back to society has not only helped those in need but also improved his public image and increased his brand value. Farquhar’s philanthropic initiatives, including the Pledge 1% movement, have inspired thousands of companies worldwide to give back to society, making a positive impact on the world.
Comparison with Other Tech Billionaires
Scott Farquhar’s net worth of $12.3 billion (US) in 2023 puts him among the top tech billionaires in the world. Let’s take a look at how he compares to some of the other wealthiest individuals in the tech industry.
As of December 2022, Elon Musk, the CEO of SpaceX, Tesla, and Twitter, was the richest person in the global tech industry with an estimated net worth of $175 billion (US) according to Statista. Jeff Bezos, the founder of Amazon, was second with a net worth of $163 billion (US).
In the Australian tech industry, Scott Farquhar is the wealthiest person. He is also the seventh richest person in Australia overall, according to Forbes’ Australia’s 50 Richest list for 2023.
Here is a comparison table of Scott Farquhar’s net worth with some other notable tech billionaires:
|Name||Net Worth (US$)|
|Elon Musk||$175 billion|
|Jeff Bezos||$163 billion|
|Bill Gates||$130 billion|
|Mark Zuckerberg||$128 billion|
|Larry Ellison||$95 billion|
|Larry Page||$91.5 billion|
|Sergey Brin||$88.7 billion|
|Steve Ballmer||$89.7 billion|
|Tim Cook||$1.5 billion|
As we can see, Scott Farquhar’s net worth is significantly lower than that of Elon Musk and Jeff Bezos, but higher than that of other notable tech billionaires such as Tim Cook, the CEO of Apple.
It is important to note that net worth can fluctuate greatly based on stock prices and investments, and it is also affected by factors such as philanthropic giving and taxes. Nonetheless, Scott Farquhar’s net worth places him among the most successful and influential figures in the tech industry.
Scott Farquhar’s net worth has been consistently increasing over the years. According to Accumulate Australia, his net worth is estimated to be $12.3 billion as of October 4, 2023, which is a significant increase from his current net worth.
As the co-founder and co-CEO of Atlassian, Farquhar’s wealth is closely tied to the performance of the company. Atlassian has been performing well in recent years, with a steady increase in revenue and profits. This bodes well for Farquhar’s future net worth, as his ownership stake in the company means that he will benefit from any future growth.
In addition to his ownership stake in Atlassian, Farquhar has also been investing in other companies. He has a reputation for being a savvy investor, and his investments have been successful in the past. If he continues to make smart investments, it is likely that his net worth will continue to increase.
It is also worth noting that Farquhar is still relatively young, at 43 years old. He has many years ahead of him to continue growing his wealth. If he continues to work hard and make smart business decisions, there is no doubt that his net worth will continue to climb in the future.
Frequently Asked Questions:
What is Scott Farquhar’s estimated net worth in 2023?
Scott Farquhar’s estimated net worth in 2023 is $12.3 billion (US dollars), according to Accumulate Australia.
How does Scott Farquhar’s net worth compare to other Australian billionaires?
As of 2023, Scott Farquhar is ranked as the 7th richest person in Australia, with a net worth of $12.3 billion (US dollars), according to Forbes’ Billionaires list.
What is the source of Scott Farquhar’s wealth?
Scott Farquhar’s wealth comes from his success as a software entrepreneur. He is the co-founder and co-CEO of Atlassian, a software company that provides collaboration and productivity tools for teams.
Who is currently the richest person in Australia?
As of 2023, the richest person in Australia is Gina Rinehart, with a net worth of $23.6 billion (US dollars), according to Forbes’ Billionaires list.
Where does Scott Farquhar rank on the list of Australia’s wealthiest individuals?
As of 2023, Scott Farquhar is ranked as the 7th wealthiest individual in Australia, according to Forbes’ Australia’s 50 Richest list.
What is the estimated net worth of the top 500 richest people in Australia?
As of 2023, the estimated net worth of the top 500 richest people in Australia is $318 billion (US dollars), according to the Australian Financial Review’s Rich List.
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