#498

Scott Farquhar

Source of wealth: Software

46 years male Technology 🇦🇺 AU

Net Worth

...

Earnings per second

...

The scale of their wealth

🏥

Health

The price of life

Let's compare Scott Farquhar's fortune with the healthcare spending of a massive country

Scott Farquhar could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.4 years.

But even if we compare their fortune with that of a rich country

On the other end, Scott Farquhar could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.5 years.

📚

Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Scott Farquhar could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.2 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Scott Farquhar could pay for it entirely for 3.0 years.

🔬

Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Scott Farquhar could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 12.7 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Scott Farquhar with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.3 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Scott Farquhar's fortune is equivalent to 52 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Scott Farquhar could buy 13,811,416 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Scott Farquhar will almost certainly have enough money left over to pay for the gas.

🚚 🚚

Biography

Scott Farquhar is cofounder of collaboration software company Atlassian, based in Sydney, Australia.

He and CEO Mike Cannon-Brookes started the company soon after graduating from college, funding it with credit cards.

Atlassian's marquee customer list includes retailing giant Costco and American airline Delta.

Atlassian is a cofounder of Pledge 1%, which urges companies to donate at least 1% of equity, employee time or products to charity.

He stepped down as co-CEO in September 2024 to spend more time with his family and to pursue philanthropic activities. He continues as a board member and an advisor.