Farquhar is the co-chief executive officer and co-founder of Atlassian, a developer of enterprise software. The Sydney-based company has more than 150,000 customers and reported revenue of $1.2 billion in the year to June 30, 2019. The maker of Jira Software had an initial public offering in New York in December 2015.
Scott Farquhar's net worth of $11.4B can buy ...
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The majority of Farquhar's fortune is derived from a 28% stake in Atlassian, a developer of enterprise software. The Sydney-based company is publicly traded in New York and has more than 150,000 customers, according to its website.
He holds the shares directly and via closely held holding company Skip Enterprises, according to the company's annual report for the year to June 30, 2019. Farquhar's stake is held in Class B shares and represents 49% of the non-traded stock. His co-founder, Mike Cannon-Brookes, controls another 49% of the Class B shares.
The value of his cash holdings is based on an analysis of dividends, insider transactions, taxes and market performance.
Scott Rubin, a spokesman for Atlassian, declined to comment on Farquhar's net worth.
Scott Farquhar was born in Sydney in 1979. He began studying for a Bachelor of Commerce in information systems degree at the University of New South Wales in 1998.
Farquhar met classmate Mike Cannon-Brookes during his university studies and the pair founded Atlassian in 2001. The enterprise software company offers services to software developers and project managers.
Atlassian grew quickly and by 2010 had sold a minority stake to venture capital firm Accel Partners for $60 million. It sold $462 million in new shares in a 2015 initial public offering in New York. The IPO valued Atlassian at more than $4 billion.
Farquhar lives in Sydney with his wife.