... earned:
This session: ...
Per second: ...
← Back to list
Scott Farquhar
#315

Scott Farquhar

Source of wealth: Software

Net Worth

...

Earnings per second

...

Modules

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.

Financial Assets

Exchange
NASDAQ
Ticker
TEAM-US
Company
Atlassian Corp
Exchange
ASX
Ticker
GNX-AU
Company
Genex Power

The Great Lie of Mega-Fortunes: The Case of Scott Farquhar

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Scott Farquhar, linked to Technology and 'Software', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 79 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 5.0 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

Share

𝕏 Share on X 💬 Send via WhatsApp ✈️ Send via Telegram f Share on Facebook