Scott Farquhar

{{Short description|Australian businessman (born 1979)}} {{Use Australian English|date=June 2016}} {{Use dmy dates|date=June 2016}} {{Infobox person | name = Scott Farquhar | image = Scott_Farquhar.png | image_size = 220px | caption = Farquhar in 2018 | birth_name = | birth_date = {{birth year and age|1979|12}} | birth_place = [[Parramatta, New South Wales]], Australia | death_date = | death_place = | death_cause = | resting_place = | nationality = | education = {{nowrap|[[James Ruse Agricultural High School]]}} | alma_mater = [[University of New South Wales]] | occupation = | known_for = Co-founding [[Atlassian]] | boards = [[Atlassian]] | spouse = {{marriage|Kim Jackson|2009}} | parents = | children = 3 | relatives = | website = }}

'''Scott Farquhar''' (born December 1979) is an Australian businessman who is the co-founder and former co-chief executive officer of 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 $48,500 graduate starting salary typical at corporations without having to work for someone else.<ref name=admired>{{cite news |url=http://www.afr.com/leadership/accidental-billionaires-why-atlassians-mike-cannonbrookes-and-scott-farquhar-are-so-admired-in-the-startup-industry-20140411-jyrb6#ixzz4BBKfAc9v |title=Accidental billionaires: why Atlassian's Mike Cannon-Brookes and Scott Farquhar are so admired in the start-up industry |author=Fitzsimmons, Caitlin |date=12 April 2014 |work=[[Australian Financial Review]] |location=Australian |access-date=9 June 2016 }}</ref><ref name=balance>{{cite news |url=http://www.theaustralian.com.au/business/companies/the-cannonbrookes-balancing-life-as-accidental-billionaires/news-story/34e8a6f144b9072b36073a3caf87a5fb |title=The Cannon-Brookes: balancing life as accidental billionaires |work=[[The Australian]] |author=Kitney, Damon |date=27 February 2016 |access-date=9 June 2016 }}</ref> Farquhar and Cannon-Brookes were Australia's first technology billionaires.<ref>{{Cite web |last=Bowles |first=Nellie |date=13 February 2019 |title=The Strange Experience of Being Australia's First Tech Billionaires |url=https://www.nytimes.com/2019/02/13/technology/atlassian-cannon-brookes-farquhar.html |url-status=live |archive-url=https://web.archive.org/web/20190213191631/https://www.nytimes.com/2019/02/13/technology/atlassian-cannon-brookes-farquhar.html |archive-date=13 February 2019 |website=[[New York Times]]}}</ref>

{{as of|2024|12}}, Farquhar had an estimated [[net worth]] of {{USD}}15.5 [[1,000,000,000|billion]], according to ''[[Forbes]]''.<ref name="Forbes 2024">{{Cite web |title=Forbes profile: Scott Farquhar |url=https://www.forbes.com/profile/scott-farquhar/ |access-date=21 December 2024 |work=Forbes |format=dynamic list }}</ref>

==Early life == Farquhar was born in December 1979 in [[Parramatta]], Sydney.<ref>{{cite web|url=https://beta.companieshouse.gov.uk/company/08776021/officers|title=Atlassian Corporation PLC - Officers |access-date=30 May 2016}}</ref><ref>{{Cite news |url=http://www.afr.com/technology/atlassian-takes-ny-with-nary-a-suit-in-sight-20151211-gllb8d |title=Atlassian takes NY with nary a suit in sight |date=11 December 2015 |work=[[Australian Financial Review]] |last=Kehoe |first=John |url-access=subscription}}</ref> He attended Castle Hill Primary School and [[James Ruse Agricultural High School]]<ref name=":1">{{cite web|url=http://www.theage.com.au/it-pro/business-it/how-atlassians-scott-farquhar-and-mike-cannonbrookes-became-software-titans-20140724-zwo3x.html|title=How Atlassian's Scott Farquhar and Mike Cannon-Brookes became software titans|first=Caitlin|last=Fitzsimmons|date=25 July 2014|access-date=30 May 2016|via=The Age}}</ref><ref>{{cite news |last1=Baker |first1=Jordan |title=25 years at the top of the HSC: What makes James Ruse special |url=https://www.smh.com.au/national/nsw/25-years-at-the-top-of-the-hsc-what-makes-james-ruse-special-20201218-p56oms.html |work=Sydney Morning Herald |date=18 December 2020 |language=en}}</ref> and graduated from the [[University of New South Wales]], with a [[Bachelor of Science|Bachelor of Science (BIT)]].<ref>{{cite web |url=https://www.forbes.com/profile/scott-farquhar/ |title=#1275 Scott Farquhar |work=[[Forbes]] |date=2016 |access-date=9 June 2016 }}</ref><ref name=company>{{cite web|url=https://www.atlassian.com/company/people|title=People - Atlassian|last=Atlassian|access-date=30 May 2016}}</ref>

Farquhar developed an early interest in computers and his dad purchased an old computer for him to play games on, however it couldn't run [[Microsoft DOS]], so Farquhar spent a year trying to get it to work.<ref>{{Cite web |last=Fitzsimmons |first=Caitlin |date=24 October 2023 |title=How Atlassian's Scott Farquhar and Mike Cannon-Brookes became software titans |url=https://www.smh.com.au/technology/how-atlassians-scott-farquhar-and-mike-cannonbrookes-became-software-titans-20140725-zwo3x.html |website=[[Sydney Morning Herald]] | archive-url=https://web.archive.org/web/20181106103211/https://www.smh.com.au/technology/how-atlassians-scott-farquhar-and-mike-cannonbrookes-became-software-titans-20140725-zwo3x.html |archive-date=6 November 2018 |url-status=live}}</ref>

==Career== In 2001, [[Mike Cannon-Brookes]] sent an email to his University of New South Wales classmates asking if any of them were interested in helping him launch a tech startup after graduation,<ref name="ApplePodcast">{{cite web |title=Atlassian: Mike Cannon-Brookes and Scott Farquhar |url=https://podcasts.apple.com/ie/podcast/atlassian-mike-cannon-brookes-and-scott-farquhar/id1150510297?i=1000508150130 |access-date=24 March 2024}}</ref> and Farquhar was the only one who responded. They founded [[Atlassian]] in 2002.<ref name="8ATL">{{Cite web |date=17 January 2019 |title=Atlassian Shareholder Letter Q2 FY19 |url=https://s28.q4cdn.com/541786762/files/doc_financials/2019/q2/TEAM-Q2-2019-shareholder-letter_FINAL.pdf |access-date=19 January 2023 |website=Atlassian}}</ref><ref name="2SMH">{{Cite news |last=Moses |first=Asher |date=15 July 2010 |title=From Uni dropouts to software magnates |work=[[Sydney Morning Herald]] |url=http://www.smh.com.au/small-business/entrepreneur/from-uni-dropouts-to-software-magnates-20100715-10bsm.html |url-status=live |archive-url=https://web.archive.org/web/20131204162406/http://www.smh.com.au/small-business/entrepreneur/from-uni-dropouts-to-software-magnates-20100715-10bsm.html |archive-date=4 December 2013}}</ref><ref name="10MA">{{Cite web |last=Asher |first=Moses |date=14 July 2010 |title=From Uni dropouts to software magnates |url=http://www.smh.com.au/small-business/entrepreneur/from-uni-dropouts-to-software-magnates-20100715-10bsm.html |url-status=live |archive-url=https://web.archive.org/web/20121214142241/http://www.smh.com.au/small-business/entrepreneur/from-uni-dropouts-to-software-magnates-20100715-10bsm.html |archive-date=14 December 2012 |access-date=15 May 2013 |website=[[Sydney Morning Herald]]}}</ref> They [[Entrepreneurship#Bootstrapping|bootstrapped]] the company for several years, financing the startup with a $10,000 [[credit card debt]].<ref name="5Mck">{{Cite web |last=Mckenzie |first=Hamish |title=Hard yakka: Why Atlassian's founders are the pride of Australia's startup world |url=https://pandodaily.com/2013/04/26/hard-yakka-why-atlassians-founders-are-the-pride-of-australias-startup-world/ |url-status=live |archive-url=https://web.archive.org/web/20130517184925/http://pandodaily.com/2013/04/26/hard-yakka-why-atlassians-founders-are-the-pride-of-australias-startup-world/ |archive-date=17 May 2013 |access-date=15 May 2013 |website=[[PandoDaily]]}}</ref>

Their first major Atlassian product was [[Jira (software)|Jira]], an issue- and project-tracking software.<ref name="War Story"/> They decided to forgo the expense of hiring sales people, and instead spent their time and money on building a good product and selling it at a more affordable price via the Atlassian website.<ref name="War Story">{{cite news |last1=Powell |first1=Rose |title=Startup War Story: Atlassian ignored bad advice, avoided sales staff and grew fast |url=https://www.afr.com/technology/startup-war-story-atlassian-ignored-bad-advice-avoided-sales-staff-and-grew-fast-20150810-giv9s0 |access-date=4 April 2024 |work=[[Australian Financial Review]] |date=10 August 2015}}</ref> As of 2016, the company still did not have a traditional sales force, investing instead in research and development.<ref>{{cite news |last1=McDuling |first1=John |title=The secret to Atlassian's success |url=https://www.afr.com/technology/the-secret-to-atlassians-success-20160805-gqm0kq |access-date=4 April 2024 |work=[[Australian Financial Review]] |date=8 August 2016}}</ref>

In 2005, they opened an office in New York City, where most of their clients were.<ref name="War Story"/> Later in 2005 they moved the U.S. office to San Francisco,<ref>{{cite web |last1=McGahan |first1=Donna |title=Atlassian Support – The Legend Continues |url=https://www.atlassian.com/blog/it-teams/atlassian_support_the_legend_continues |website=Atlassian.com |access-date=5 April 2024 |date=10 March 2009}}</ref> which had a much larger pool of relevant technical talent.<ref name="War Story"/>

Farquhar and Cannon-Brookes were recognised with the award of the 2006 [[Ernst & Young Entrepreneur of the Year Award]].<ref>{{cite web |title=The 2006 Australian Entrepreneur Of The Year |url=https://www.ey.com/GLOBAL/content.nsf/Australia/EOY_-_2006_Australian_Entrepreneur_Of_The_Year |website=[[EY (company)|EY]] |access-date=29 March 2024 |archive-url=https://web.archive.org/web/20061231164421/https://www.ey.com/GLOBAL/content.nsf/Australia/EOY_-_2006_Australian_Entrepreneur_Of_The_Year |archive-date=31 December 2006}}</ref>

Their first external funding for Atlassian was a $US60 million round from [[Accel (company)|Accel]] in 2010.<ref>{{cite news |last1=Yolanda Redrup |first1=Yolanda Redrup |title=Atlassian's Scott Farquhar tells founders not to bootstrap |url=https://www.afr.com/technology/atlassian-s-scott-farquhar-tells-founders-not-to-bootstrap-20210506-p57ph1 |access-date=5 April 2024 |work=[[Australian Financial Review]] |date=6 May 2021}}</ref>

In 2014, they redomiciled the company to the UK, in advance of an IPO.<ref name="CityAM2022">{{cite web |last1=Conchie |first1=Charlie |title=Software giant Atlassian leaves UK in setback for the City's tech hopes |url=https://www.cityam.com/software-giant-atlassian-leaves-uk-in-setback-for-the-citys-tech-hopes/ |website=[[City A.M.]] |access-date=13 April 2024 |date=10 July 2022}}</ref>

On 10 December 2015, Atlassian made its [[initial public offering]] (IPO) on the [[Nasdaq]] stock exchange,<ref>{{Cite web |last=Primack |first=Dan |title=And the Price of the Last Big Tech IPO of 2015 Is... |url=http://fortune.com/2015/12/09/atlassian-ipo-price/ |url-status=live |archive-url=https://web.archive.org/web/20151211200857/http://fortune.com/2015/12/09/atlassian-ipo-price/ |archive-date=11 December 2015}}</ref> putting the market capitalization of Atlassian at $4.37 billion.<ref>{{Cite web |title=And the Price of the Last Big Tech IPO of 2015 Is... |url=http://fortune.com/2015/12/09/atlassian-ipo-price/ |access-date=17 December 2018 |website=Fortune}}</ref> The IPO made Farquhar and Cannon-Brookes Australia's first tech startup billionaires and household names in Australia.<ref name="2SMH" /><ref name="4Fin">{{Cite magazine |last=Finley |first=Klint |title=Atlassian Challenges GitHub to a Fork Fight |url=https://www.wired.com/wiredenterprise/2012/12/atlassian-stash/ |url-status=live |magazine=[[Wired (magazine)|Wired]] |archive-url=https://web.archive.org/web/20130522040906/http://www.wired.com/wiredenterprise/2012/12/atlassian-stash |archive-date=22 May 2013 |access-date=15 May 2013}}</ref><ref>{{Cite news |last=Bowles |first=Nellie |date=13 February 2019 |title=The Strange Experience of Being Australia's First Tech Billionaires |language=en-US |work=The New York Times |url=https://www.nytimes.com/2019/02/13/technology/atlassian-cannon-brookes-farquhar.html |access-date=18 September 2020 |issn=0362-4331}}</ref>

In 2022, Farquhar and Cannon-Brookes redomiciled Atlassian to the United States.<ref name="CityAM2022"/>

On 26 April 2024, Farquhar announced that he would resign as joint CEO of Atlassian at the end of August to focus on family time, philanthropy, and furthering the global technology industry.<ref>{{Cite news |last=Barrett |first=Jonathan |date=2024-04-26 |title=Scott Farquhar to resign as joint CEO of Atlassian |url=https://www.theguardian.com/technology/2024/apr/26/scott-farquhar-to-resign-as-joint-ceo-of-atlassian |access-date=2024-04-26 |work=The Guardian |language=en-GB |issn=0261-3077}}</ref> He remains on the board and as a special adviser.<ref>{{Cite news |last=Bennett |first=Tess |date=1 September 2024 |title=Farquhar's Atlassian era passes without a grand farewell |url=https://www.afr.com/technology/farquhar-s-atlassian-era-passes-without-a-grand-farewell-20240827-p5k5nv |work=Australian Financial Review |archive-url=https://web.archive.org/web/20240901173947/https://www.afr.com/technology/farquhar-s-atlassian-era-passes-without-a-grand-farewell-20240827-p5k5nv |archive-date=1 September 2024 |url-status=live}}</ref> {{As of|2024}}, he owns 20 percent of Atlassian.<ref>{{Cite news |last=Biggs |first=Tim |date=26 April 2024 |title=Scott Farquhar to step down as Atlassian co-CEO |url=https://www.smh.com.au/technology/scott-farquhar-to-step-down-as-atlassian-co-ceo-20240426-p5fmqc.html |work=The Sydney Morning Herald |archive-url=https://web.archive.org/web/20240427114036/https://www.smh.com.au/technology/scott-farquhar-to-step-down-as-atlassian-co-ceo-20240426-p5fmqc.html |archive-date=27 April 2024 |url-status=live}}</ref>

== Other activities == Farquhar is a significant investor in [[tech startup]]s through a privately held investment fund, Skip Capital.<ref>{{Cite web |date=2022-10-07 |title=Venture capital funding plunges almost 75pc in a year |url=https://www.afr.com/technology/spring-brings-a-boost-to-vc-investments-but-clouds-loom-20221005-p5bncu |access-date=2022-10-08 |website=Australian Financial Review |language=en}}</ref><ref name=":0">{{Cite news |last=Stensholt |first=John |date=16 August 2021 |title=Atlassian billionaire Scott Farquhar helping make unicorns as Aussie tech booms |url=https://www.theaustralian.com.au/business/wealth/atlassian-billionaire-scott-farquhar-helping-make-unicorns-as-aussie-tech-booms/news-story/818c2b89f19498a88342d207f9776bb4 |access-date=8 October 2022 |work=The Australian}}</ref> The fund had a stake in several Australian [[Unicorn (finance)|tech unicorns]], including [[Canva]] and [[Airwallex]], and overseas firms, such as [[Figma]] and [[1Password]].<ref name=":0" /><ref>{{Cite web |last=Waters |first=Cara |date=2021-02-14 |title=Skip Capital shifts focus to next-generation infrastructure |url=https://www.smh.com.au/business/small-business/skip-shifts-focus-to-next-generation-infrastructure-with-new-fund-20210208-p570l9.html |access-date=2022-10-08 |website=The Sydney Morning Herald |language=en}}</ref><ref>{{Cite web |title=Venture Capital |url=https://www.skipcapital.com/venture |access-date=2024-08-18 |website=Skip Capital |language=en-AU}}</ref>

Farquhar has mentored through the Australian Businesswomen's Network and gives guest lectures on entrepreneurship to MBA students and undergraduates at the [[University of NSW|University of New South Wales]], his alma mater.<ref name="admired" /><ref name=":1" />

Farquhar is a member of Technology Council of Australia.<ref>{{Cite web |title=Tech Council – Meet Our Board |url=https://techcouncil.com.au/board/ |access-date=13 January 2024}}</ref>

In 2014 Farquhar co-founded Pledge 1%, a movement that encourages companies to dedicate 1% of equity, 1% of employee time, 1% of product and 1% of profit to charity.<ref>{{Cite web |date=5 February 2021 |title=Why Atlassian's Scott Farquhar wants corporates to shape up |url=https://www.theaustralian.com.au/business/the-deal-magazine/why-atlassians-scott-farquhar-wants-corporates-to-shape-up/news-story/a61618673da82487fd732f78c1217694 |website=[[Reuters]]}}</ref>

Farquhar is part-owner of [[Factor Bikes]], a high-end British bicycle manufacturer.<ref name="Graun1">{{cite news |last1=Pender |first1=Kieran |title=Australian track cycling team wheels out $100,000 bike in pursuit of Paris Olympic gold |url=https://www.theguardian.com/sport/2024/mar/14/australian-track-cycling-team-paris-olympics-hanzo-bike-cost |access-date=6 January 2026 |work=The Guardian |date=14 March 2024}}</ref><ref name="SMH">{{cite news |last1=Waters |first1=Cara |title=Factor Bikes goes global with Farquhar and Point King |url=https://www.smh.com.au/business/entrepreneurship/factor-bikes-goes-global-with-farquhar-and-point-king-20210906-p58p5u.html |access-date=12 January 2026 |work=The Sydney Morning Herald |date=7 September 2021 |archive-url=https://archive.today/20250513154415/https://www.smh.com.au/business/entrepreneurship/factor-bikes-goes-global-with-farquhar-and-point-king-20210906-p58p5u.html#selection-3263.0-3263.53 |archive-date=13 May 2025}}</ref>

==Personal life== Farquhar married investment banker Kim Jackson in 2009, and they have three sons.<ref name=untold>{{cite news |url=http://www.afr.com/business/small-business/the-untold-story-of-the-rise-of-atlassian-duo-scott-farquhar-and-mike-cannonbrookes-20140725-jylkh |title=The untold story of the rise of Atlassian duo Scott Farquhar and Mike Cannon-Brookes |work=[[Australian Financial Review|AFR Weekend]] |location=Australia |author=Fitzsimmons, Caitlin |date=25 July 2014 |access-date=9 June 2016 }}</ref><ref>{{Cite news |last=Korporaal |first=Glenda |date=9 June 2018 |title=Atlassian's founders: best mates, business partners and billionaires |url=https://www.theaustralian.com.au/weekend-australian-magazine/atlassians-founders-best-mates-business-partners-and-billionaires/news-story/b5769b1d3cbe9af0a58fb6f162c06d12 |work=[[The Weekend Australian]]}}</ref><ref name="Elaine3">{{cite news |url=http://www.realestate.com.au/news/37yearold-scott-farquhar-pays-more-than-70-million-for-derelict-fairfax-mansion-elaine/ |title=37-year-old Scott Farquhar pays more than $70 million for derelict Fairfax mansion Elaine |work=[[Daily Telegraph (Sydney)|Daily Telegraph]] |date=29 April 2017 |access-date=5 May 2017 |author=Chancellor, Jonathan }}</ref> In 2017 Farquhar purchased from the [[Fairfax family]] its former ancestral Sydney harbourside home, ''Elaine'', for $75 million. This was subsequently sold on 4 October 2024 for A$130 million<ref>{{Cite news |date=4 October 2024 |title=Aussie tech billionaire's home sold for record $130m |url=https://www.realestate.com.au/news/tech-billionaire-scott-farquhar-sells-elaine-for-exactly-130m/ |work=[[REA Group|Realestate.com.au]] |location=Australia |author=Nicholls, Stephen}}</ref>

The [[Point Piper]] home set on {{convert|6986|m2}} had been in the ownership of the Fairfax family since 1891 and was vacant for nearly twenty years prior to its purchase by Farquhar.<ref name="Elaine1">{{cite news |url=http://www.afr.com/real-estate/fairfax-family-sold-elaine-for-circa-75m-with-a-sentimental-discount-20170430-gvvmku |title=Fairfax family sold Elaine for circa $75m with a sentimental discount |work=[[Australian Financial Review]] |date=30 April 2017 |access-date=5 May 2017 |author=Tan, Su-Lin }}</ref><ref name="Elaine2">{{cite news |url=https://www.domain.com.au/news/point-piper-estate-elaine-sold-for-more-than-70-million-sets-national-price-record-20170429-gvucsa/ |title=Point Piper estate Elaine sold for more than $70 million, sets national price record |work=Domain |date=29 April 2017 |access-date=5 May 2017 |author=Macken, Lucy }}</ref> In 2020 it was reported that Farquhar plans a partial knock-down of unsympathetic renovations to ''Elaine'', and rebuild a {{AUD}}30 million contemporary home.<ref>{{cite news |author=Macken, Lucy |url=https://www.domain.com.au/news/point-pipers-elaine-mansion-set-for-a-partial-knock-down-and-contemporary-redesign-973914/ |title=Point Piper's Elaine mansion set for partial knock-down and $30m contemporary rebuild |work=Domain |date=31 July 2020 |access-date=31 July 2020}}</ref> In 2018 Cannon-Brookes bought the house next door, ''[[Fairwater, Double Bay|Fairwater]]'', Australia's most expensive house at approximately {{AUD}}100 million.<ref name="OneRoof">{{cite web | url=https://www.oneroof.co.nz/news/australias-most-expensive-house-sells-for-100m-35476 | title=Australia's most expensive house sells for $100m | publisher=[[NZME Publishing Limited]] | work=OneRoof | date=28 September 2018 | access-date=29 September 2018}}</ref> In April 2022 Farquhar saved a man's life in Las Vegas.<ref>{{Cite web |last=Novet |first=Jordan |date=2022-06-30 |title=Atlassian billionaire co-CEO Scott Farquhar saved a man's life at a Las Vegas nightclub in April |url=https://www.cnbc.com/2022/06/30/atlassian-co-ceo-scott-farquhar-saved-mans-life-in-las-vegas-club.html |access-date=2022-07-01 |website=CNBC |language=en}}</ref>

In 2018, Farquhar spoke out against the [[Government of Australia]]'s renaming of the [[457 visas]], saying the move damages Australia's reputation as a place that people want to come to work.<ref>{{cite web|url=http://www.afr.com/technology/atlassian-boss-scott-farquhar-warns-visa-rule-changes-risk-stunting-local-tech-growth-20171101-gzd1vv|title=Atlassian boss Scott Farquhar warns visa rule changes risk stunting local tech growth|date=2 November 2017|work=Australian Financial Review|access-date=28 September 2018}}</ref>

=== Net worth === 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 {{AUD}}250 million. In 2016, his net worth was estimated by ''[[Forbes]]'' on the [[List of Australians by net worth|list of Australia's 50 Richest people]] as {{USD}}1.75 billion;<ref name="Forbes2016" /><ref>{{cite news |url=http://www.smartcompany.com.au/finance/wealth-management/49647-atlassian-co-founders-mike-cannon-brookes-and-scott-farquhar-are-the-youngest-australians-on-forbes-rich-list-while-gina-rinehart-loses-top-spot/ |title=Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar are the youngest Australians on Forbes Rich List while Gina Rinehart loses top spot |author=Richards, Ronelle |date=28 January 2016 |work=SmartCompany |access-date=9 June 2016 }}</ref> by ''BRW Rich 200'' as {{AUD}}2.00 billion;<ref name="brw2016"/> and by the ''[[Sunday Times]]'' [[Sunday Times Rich List|Rich List]] as {{GBP}}906 million.<ref name="STRL_2016">{{cite news|title=Rich List 2016|work=[[The Sunday Times]]|issue=44|date=24 April 2016}}</ref> {{As of|2021}}, Farquhar's net worth was assessed as {{USD}}13.70 billion according to the ''Forbes'' list of Australia's 50 Richest people.<ref name="scott_net"/> He was ranked fourth on the [[Financial Review Rich List 2025]] with a net worth of {{AUD}}21.42 billion.<ref name="afr2025"/>

{| class="wikitable" ! rowspan=2 | Year ! colspan=2 | ''[[Financial Review Rich List]]'' ! colspan=2 | ''[[Forbes]]'' [[List of Australians by net worth|Australia's 50 Richest]] ! colspan=2 | ''[[Sunday Times]]'' [[Sunday Times Rich List|Rich List]] |- ! Rank ! [[Net worth]] ({{AUD}}) ! Rank ! [[Net worth]] ({{USD}}) ! Rank ! [[Net worth]] ({{GBP}}) |- | 2013<ref name="BRW2013">{{cite news |url=http://www.afr.com/leadership/brw-lists/brw-rich-200-list-2013-20160303-gn9dxc |title=BRW Rich 200 List 2013 |work=[[Australian Financial Review]] |date=May 2013 |access-date=9 June 2016 |editor=Stensholt, John |location=Australia }}</ref><ref>{{cite news |url=http://www.theaustralian.com.au/business/gina-rinehart-tops-forbes-australian-rich-list/story-e6frg8zx-1226566120991 |title=Gina Rinehart tops Forbes' Australian rich list |agency=AAP |work=The Australian |date=31 January 2013 |access-date=9 June 2015}}</ref> | align="center" | {{nowrap|{{nts|190}} {{increase}}}} | align="right" | $0.25 [[1,000,000,000|billion]] {{increase}} | align="center" | n/a | align="right" | ''not listed'' | align="center" | | align="right" | |- | 2014<ref name="BRW2014">{{cite news |url=http://www.afr.com/leadership/brw-lists/brw-rich-200-list-2014-20160303-gn9do8 |title=BRW Rich 200 List 2014 |work=[[Australian Financial Review]] |date=27 June 2014 |access-date=9 June 2016 |editor=Stensholt, John |location=Australia }}</ref><ref>{{cite news |url=http://www.afr.com/news/rinehart-on-top-palmer-down-on-forbes-rich-list-20140130-iy5uy |title=Rinehart on top, Palmer down on Forbes rich list |author=Rollason, Adam |work=Financial Review |location=Australia |date=30 January 2014 |access-date=9 June 2015}}</ref> | align="center" | {{nts|35}} {{increase}} | align="right" | $1.07 billion {{increase}} | align="center" | n/a | align="right" | ''not listed'' | align="center" | | align="right" | |- | 2015<ref name="BRW2015">{{cite news |url=http://www.afr.com/leadership/brw-lists/brw-rich-200-list-2015-20160303-gn98ff|title=BRW Rich 200 List 2015 |work=[[Australian Financial Review]] |date=May 2015 |access-date=9 June 2016 |editor=Stensholt, John |location=Australia }}</ref><ref name="Forbes2016">{{cite news|url=https://www.forbes.com/australia-billionaires/list/#tab:overall|title=2015 Australia's 50 Richest|access-date=10 June 2015|work=Forbes Asia|date=March 2015 }}</ref> | align="center" | {{nts|42}} {{increase}} | align="right" | $1.14 billion {{increase}} | align="center" | {{nts|25}} {{increase}} | align="right" | $1.10 billion {{increase}} | align="center" | | align="right" | |- | 2016<ref name="brw2016">{{cite news |url=http://www.afr.com/leadership/brw-lists/brw-rich-200-list-2016-20160526-gp4ejn|title=BRW Rich 200 List 2016 |work=[[Australian Financial Review]] |date=29 May 2016 |access-date=9 June 2016 |editor=Stensholt, John |location=Australia }}</ref><ref name="Forbes2016"/><ref name="STRL_2016"/> | align="center" | {{nts|18}} {{gain}} | align="right" | $2.00 billion {{gain}} | align="center" | {{nts|15}} {{increase}} | align="right" | $1.75 billion {{gain}} | align="center" | | align="right" | £906 million {{gain}} |- | 2017<ref name="afr2017">{{cite news |url=http://www.afr.com/leadership/afr-lists/rich-list/financial-review-rich-list-2017-20170525-gwcvr6 |editor=Stensholt, John |title=Financial Review Rich List 2017 |work=[[Australian Financial Review]] |date=25 May 2017 |access-date=7 October 2019 |url-access=subscription}}</ref><ref name="Forbes2017">{{cite news|url=https://www.forbes.com/sites/forbesasia/2017/11/01/australias-richest-2017-mining-for-dollars/#4d3806661d24|title=Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars |access-date=28 September 2019 |work=Forbes Asia|date=1 November 2017 }}</ref> | align="center" | {{nts|18}} {{steady}} | align="right" | $2.51 billion {{increase}} | align="center" | {{nts|10}} {{increase}} | align="right" | $3.40 billion {{increase}} | align="center" | | align="right" | |- | 2018<ref name="afr2018">{{cite web|url=http://www.afr.com/brand/afr-magazine/rich-list-overview-20180413-h0yqo5|title=2018 AFR Rich List: Who are Australia's richest people?|work=[[Australian Financial Review]]|date=25 May 2018|editor=Stensholt, John|access-date=26 May 2018}}</ref> | align="center" | {{nts|11}} {{increase}} | align="right" | $5.16 billion {{increase}} | align="center" | {{nts|5}} {{increase}} | align="right" | | align="center" | | align="right" | |- | 2019<ref name="afr2019">{{cite web|url=https://www.afr.com/rich-list/australia-s-10-wealthiest-people-revealed-20190529-p51sj0|title=Australia's 200 richest people revealed|work=The Australian Financial Review|publisher=Nine Publishing|date=30 May 2019|last=Bailey|first=Michael|access-date=31 May 2019}}</ref><ref name="Forbes2019">{{cite news|url=https://www.forbes.com/australia-billionaires/list/#tab:overall|title=2019 Australia's 50 Richest|access-date=28 September 2019|work=Forbes Asia|date=January 2019 }}</ref> | align="center" | {{nts|5}} {{increase}} | align="right" | $9.75 billion {{increase}} | align="center" | {{nts|5}} {{steady}} | align="right" | $6.40 billion {{increase}} | align="center" | | align="right" | |- | 2020<ref name="afr2020">{{cite web|url=https://www.afr.com/rich-list/the-10-richest-australians-revealed-20201028-p569c7|url-access=subscription|title=The full list: Australia's wealthiest 200 revealed|work=[[Australian Financial Review]]|publisher=Nine Publishing|date=30 October 2020|author1=Bailey, Michael|author2=Sprague, Julie-anne|access-date=31 October 2020}}</ref> | align="center" | {{nowrap|{{nts|6}} {{decrease}}}} | align="right" | $16.69 billion {{gain}} | align="center" | | align="right" | | align="center" | | align="right" | |- | 2021<ref name="afr2021">{{cite news |author1=Bailey, Michael |author2=Sprague, Julie-anne |url=https://www.afr.com/rich-list/australia-s-10-richest-people-revealed-20210526-p57vfr |title=The 200 richest people in Australia revealed |work=[[Australian Financial Review]] |date=27 May 2021 |access-date=28 May 2021}}</ref><ref name="scott_net">{{cite web|url=https://www.bloomberg.com/billionaires/profiles/scott-farquhar/ |title= Bloomberg Billionaires Index: Scott Farquhar|website=[[Bloomberg News|Bloomberg]]|access-date=25 May 2021}}</ref> | align="center" | {{nts|5}} {{up}} | align="right" | {{nowrap|$20.00 billion {{up}}}} | align="center" | | align="right" | $13.70 billion {{up}} | align="center" | | align="right" | |- | 2022 | align="center" | {{nts|4}} {{up}} | align="right" | $26.40 billion {{up}} | align="center" | | align="right" | | align="center" | | align="right" | |- | 2023<ref name="afr2023">{{cite news |author1=Bailey, Michael |author2=Sprague, Julie-anne |url=https://www.afr.com/rich-list/australia-s-10-richest-people-revealed-20230523-p5dapa |title=The 200 richest people in Australia revealed |work=[[Australian Financial Review]] |date=26 May 2023 |access-date=6 June 2023}}</ref> | align="center" | {{nts|7}} {{down}} | align="right" | $18.16 billion {{down}} | align="center" | | align="right" | | align="center" | | align="right" | |- | 2024<ref name="afr2024">{{cite news |author1=Redrup, Yolanda |author2=Bailey, Michael |url=https://www.afr.com/rich-list/australia-s-10-richest-people-revealed-20240521-p5jfe4 |title=Australia's wealthiest 200 now control $625b |work=[[Australian Financial Review]] |date=30 May 2024 |access-date=18 September 2024}}</ref><ref name="Forbes 2024"/>

| align="center" | {{nts|5}} {{up}} | align="right" | $22.88 billion {{up}} | align="center" | | align="right" | $15.50 billion {{up}} | align="center" | | align="right" | |- | 2025<ref name="afr2025">{{cite news |author1=Redrup, Yolanda |url=https://www.afr.com/rich-list/australia-s-wealthiest-200-revealed-fortunes-blow-past-667b-20250509-p5lxxb |title=Australia's wealthiest 200 revealed, fortunes blow past $667b |work=[[Australian Financial Review]] |date=30 May 2025 |access-date=31 May 2025 |url-access=subscription }}</ref>

| align="center" | {{nts|4}} {{up}} | align="right" | $21.42 billion {{down}} | align="center" | | align="right" | | align="center" | | align="right" | |}

{| class="wikitable" !colspan="2"|Legend |- ! Icon ! Description |- |{{steady}} |Has not changed from the previous year |- |{{profit}} |Has increased from the previous year |- |{{loss}} |Has decreased from the previous year |}

==References== {{Reflist|2}}

{{DEFAULTSORT:Farquhar, Scott}} [[Category:1979 births]] [[Category:Living people]] [[Category:Australian billionaires]] [[Category:People educated at James Ruse Agricultural High School]] [[Category:University of New South Wales alumni]] [[Category:Atlassian people]] [[Category:Australian company founders]]