⬅ # 205 Carrie Perrodo|# 207 Anthony Pratt

# 206 Scott Farquhar 

$10.6B

Real Time Net Worth
as of 5/29/2024
-$65.9M (-0.62%)

# 206 Scott Farquhar 

$10.6B

Real Time Net Worth
as of 5/29/2024
-$65.9M (-0.62%)
OccupationCofounder and Co-CEO, Atlassian
Source of WealthSoftware
Age44
ResidenceSydney, Australia
Marital StatusMarried
Children2
EducationBS, University of New South Wales
Age-Adjusted Net Worth$31.4B
Scott Farquhar
Scott Farquhar
Australia
Net worth: $10.6B

Self-Made Score 

Wealth History

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Biography

Personal Info

Scott Farquhar was born in December 1979 in Australia.
He attended James Ruse Agricultural High School and Castle Hill Primary School.
Farquhar graduated from the University of New South Wales with a Bachelor of Science (BIT).
He is married to Kim Jackson, and they have three sons.

Career

Scott Farquhar is the co-founder and co-CEO of Atlassian, a collaboration software company based in Sydney, Australia.
Atlassian, founded with Mike Cannon-Brookes, originated as a venture funded with credit cards soon after their college graduation.
Atlassian's marquee customers include wholesale retailer Costco and American airline Delta.
Farquhar and Cannon-Brookes received recognition as the Australian Consensus IT Professional of the Year in 2004 and Australian Entrepreneur of the Year in 2006.
In 2018, Farquhar criticized the Australian Government's renaming of the 457 visas, stating it damages Australia's reputation as a desirable work destination.
He is a significant investor in tech startups through his privately held investment fund, Skip Capital, with stakes in tech unicorns like Canva and Airwallex.

Community Involvement

Farquhar is a member of the Technology Council of Australia.
Atlassian is a co-founder of Pledge 1%, encouraging companies to donate at least 1% of equity, employee time, or products to charity.
He mentors through the Australian Businesswomen's Network and gives guest lectures on entrepreneurship to MBA students and undergraduates.

Real Estate

In 2017, Farquhar purchased the former ancestral Sydney harbourside home, Elaine, from the Fairfax family for approximately A$75 million.
The property, set on 6,986 square meters, had been in the Fairfax family's ownership since 1891.
In 2020, Farquhar announced plans for a partial knock-down of unsympathetic renovations to Elaine and the construction of a A$30 million contemporary home.

Heroic Act

In April 2022, Scott Farquhar saved a man's life in Las Vegas by performing CPR on a person who had suffered an apparent heart attack.

How long would it take you to become as rich as Scott Farquhar?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Scott Farquhar's net worth of $10.6B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.57% compared to 11.75% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Scott Farquhar is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Scott Farquhar, Software is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey