In our article titled “Scott Farquhar 101: Who is the Famous Australian Billionaire?” on Zatrun.com, we will delve into everything you need to know about the famous Australian billionaire, Scott Farquhar in all details.

Who is Scott Farquhar?

Born in December 1979, Scott Farquhar is an Australian billionaire and co-founder and co-CEO of Atlassian, a software company. Often mistaken for being a billionaire before the founding of Atlassian, Farquhar worked with his business partner, Mike Cannon-Brookes, to earn the typical starting salary of AUD 48,000 offered by companies, with the goal of not being dependent on someone else. Farquhar attended James Ruse Agricultural High School and Castle Hill Primary School and earned bachelor’s degrees in Arts and Science from the University of New South Wales.

Scott Farquhar is married to Kim Jackson, and they have three sons. In 2017, Farquhar purchased Elaine, the former Sydney harbor-side home of the Fairfax family, for approximately AUD 75 million. The 6,986 square-meter (75,200 square-foot) home in Point Piper had been in the Fairfax family’s possession since 1891 and had been vacant for approximately twenty years before being acquired by Farquhar. In 2020, it was reported that Farquhar planned to partially demolish the incongruous renovations made to Elaine and build a modern home worth AUD 30 million. In 2018, Cannon-Brookes purchased Fairwater, the neighboring home, for approximately AUD 100 million, which is known as Australia’s most expensive home.

Career Life:

Farquhar is the co-founder and co-CEO of Atlassian, a collaboration software company, along with Cannon-Brookes. Among the 51,000 large and small organizations that use Atlassian’s tracking, collaboration, communication, service management, and development products, some of the biggest names in media, manufacturing, and technology are also included. Cannon-Brookes and Farquhar were awarded the IT Expert of the Year award in Australia in 2004 and the Entrepreneur of the Year award in Australia in 2006 for their achievements. Farquhar has mentored at the Australian Businesswomen’s Network and guest lectured on entrepreneurship to MBA and undergraduate students.

In 2018, Farquhar opposed the renaming of 457 visas by the Australian government, stating that this move harmed Australia’s reputation as a place where people want to come and work. Through his private investment fund, Skip Capital, Farquhar is a significant investor in technology startups. As of 2021, the fund has investments in four Australian technology unicorns, including Canva and Airwallex, as well as foreign companies such as Talkdesk, a San Francisco-based cloud-based communication center software provider.

Net Worth:

Together with his business partner Cannon-Brookes, Farquhar was listed on the 2007 BRW Young Rich list as one of the wealthiest Australians under the age of 40, and in the 2013 BRW Rich 200, his estimated net worth was A$250 million. In 2016, Forbes estimated his net worth to be $1.75 billion, placing him on Australia’s top 50 richest people list.

According to the BRW Rich 200, his net worth was A$2.00 billion and he was worth 906 million pounds according to the Sunday Times Rich List. As of 2019, Farquhar ranked fifth on Forbes’ list of Australia’s 50 richest people with a net worth of $6.40 billion. His net worth was calculated to be A$20 billion in the 2021 Financial Review Rich List, placing him fifth.