Scott Farquhar is an Australian businessman and the co-founder and former co-chief executive officer of Atlassian. Atlassian is a global software company headquartered in Sydney, Australia.
Founded in 2002 by Scott Farquhar and Mike Cannon-Brookes, the company has grown to become one of the leading global providers of collaboration and team management tools. It offers a suite of products designed to streamline teamwork and project management such as Jira, Trello, BitBucket, and more.
As of 2024, the market capitalization of Atlassian is $43.08 Billion, making it one of the 500 most valuable companies in the world.
Scott Farquhar is also referred to as an “accidental billionaire” as he and his business partner did not set out to start a billion-dollar firm. Instead, they wanted financial independence and not working under someone else.
Scott Wu Net Worth: Devin AI Software Engineer, CEO of Cognition Labs
This article will look into Scott Farquhar’s net worth, education, career, and more.
Scott Farquhar Net Worth
As of the time of this writing, Scott Farquhar’s net worth stands at $10.8 billion. The majority of his net worth comes from his stake in Atlassian as the co-founder and former co-CEO.
Farquhar and his business partner, Mike Cannon-Brookes are Australia’s first technology billionaires.
Scott Farquhar’s net worth has steadily grown over the years. He made his debut on the BRW Young Rich list in 2007 and joined the BRW Rich 200 list in 2013. In 2023, Forbes reported his net worth to be around $10.1 billion.
According to estimates, both Cannon-Brookes and Farquhar own 30% each of Atlassian.
Aaron DeBevoise Net Worth: Spotter AI Studio Founder and CEO
Education
Scott Farquhar attended James Ruse Agricultural High School, where he studied from 1992 to 1997.
After completing high school, Farquhar went on to attend the University of New South Wales (UNSW), where he pursued a Bachelor of Science in Business Information Technology (BSc BIT) from 1998 to 2002.
Career
Scott Farquhar’s career began in 2001 when he co-founded Atlassian with Mike Cannon-Brookes. Their shared vision was to create a company without the need to work for someone else, and they bootstrapped Atlassian with a $10,000 credit card debt.
The first major product they developed was Jira, a project management and issue-tracking software. Instead of relying on a sales team, they focused on creating a great product and selling it directly online at an affordable price, a decision that became a key part of their success.
In 2005, they opened an office in New York and later relocated it to San Francisco to be closer to the talent pool in Silicon Valley. Their efforts gained them recognition when they were named Ernst & Young’s Australian Entrepreneurs of the Year in 2006. In 2010, they raised their first external funding, securing $60 million from Accel, which helped accelerate Atlassian’s growth.
Atlassian made its initial public offering (IPO) on the NASDAQ in December 2015, with a valuation of $4.37 billion, marking a major milestone for the company. This IPO propelled Farquhar and Cannon-Brookes into becoming Australia’s first tech startup billionaires.
Farquhar continued to lead Atlassian until August 2024, when he stepped down from his role as co-CEO to focus on family, philanthropy, and other ventures. Although he remains on the board as a special adviser.
In addition to Atlassian, Farquhar has been deeply involved in the tech startup scene. He founded Skip Capital, an investment fund, in 2017 and has since backed several successful companies, including Canva, Airwallex, Figma, and 1Password.
In 2022, he expanded his philanthropic work by launching the Skip Foundation, aiming to drive social impact through strategic investments. He also played a key role in co-founding Pledge 1% in 2014.
Farquhar is also active in leadership roles within the tech community. He has been serving as a founding board member of the Tech Council of Australia since 2021. He is also maintaining advisory positions in companies like SafetyCulture and Blackbird Ventures.
Tim Cook Net Worth: CEO of Apple Inc.
Latest Updates
After co-leading Atlassian for over 23 years, Scott Farquhar officially stepped down as co-CEO on August 31, 2024. Now, Mike Cannon-Brookes is the sole CEO. Farquhar wants to spend more time with his family, focus on philanthropic efforts through the Skip Foundation and Pledge 1%,. He will continue to support the global tech industry through investments and mentoring tech CEOs.
Even though he stepped down from day-to-day responsibilities, Farquhar will remain a board member and special adviser.
Farquhar made it to the headlines again after he sold 7,948 shares at an average price of $163.82, amounting to over $1.3 million. After the most recent sale, Farquhar still holds 119,220 shares in Atlassian, valued at approximately $19.5 million.
Robert Brennan Net Worth – All Hands AI Co-founder and CEO
FREQUENTLY ASKED QUESTIONS
The majority of Scott Farquhar’s net worth comes from his stake in Atlassian as the co-founder and former co-CEO. As of 2024, his net worth stands at $10.8 billion.
Scott Farquhar officially stepped down as co-CEO on August 31, 2024. Farquhar wants to spend more time with his family, focus on philanthropic efforts through the Skip Foundation and Pledge 1%,. He will continue to support the global tech industry through investments and mentoring tech CEOs.
Atlassian was founded by Scott Farquhar and Mike Cannnon-Brookes. The duo founded the company in 2002 to escape the clutches of a nine-to-five.
