Rob Scott’s net worth emerges from his sports and executive leadership career. He is an Australian businessman, corporate executive, and former national champion and national representative rower. He is also the Managing Director and Chief Executive Officer of Wesfarmers: an Australian diversified corporation headquartered in Perth, Western Australia, Australia.
Rob Scott net worth
The estimated Rob Scott net worth is not publicly disclosed. However, the Wesfarmers’ 2025 remuneration report shows that Rob Scott’s fixed annual remuneration was $2.6 million. The report also shows that he holds substantial Wesfarmers’ shares. Additionally, his reported salary for the financial year 2023-2024 was $12,977,472, according to The Guardian’s 20 highest-paid CEOs of Australian-listed companies.
Occupation overview
Rowing
Rob Scott began rowing with the Swan River Rowing Club before later representing Curtin University and Mosman Rowing Club. His rowing career developed rapidly, with his first state selection coming in the Western Australian youth eight in 1988.
He went on to represent Western Australia in the prestigious King’s Cup eight on numerous occasions and won two Australian national titles in 1996; the coxless pair and coxless four, rowing in the stroke position.
Rob Scott also established himself as an international rower and represented Australia at the highest level. He competed at the 1990 and 1991 World Rowing Championships before stroking the Australian men’s eight at the 1992 Barcelona Olympics, where the crew reached the final and finished fifth.
He continued competing internationally, including at the 1993 and 1995 World Championships. His most notable sporting achievement came at the 1996 Atlanta Olympics, where he and David Weightman won silver in the men’s coxless pair.
His 1996 season was particularly successful, with two Australian national titles and strong international results. Most notably, his achievements earned him the Western Australian Sports Star of the Year award, with Rowing Australia recording the honour as 1997, following his outstanding 1996 Olympic season.
He was also an Australian Institute of Sport scholarship holder and is recognised as a dual Olympian.
After establishing himself in rowing, he developed a career in finance and corporate management.
Wesfarmers
Rob Scott began working for Wesfarmers in 1993 before moving into investment banking, where he spent almost a decade with Deutsche Bank in Australia and Asia, working in corporate finance and mergers and acquisitions.
He returned to Wesfarmers in 2004 and subsequently held several senior positions, including Managing Director of Wesfarmers Insurance, Finance Director of Coles, Managing Director of Financial Services and Managing Director of the Wesfarmers Industrials division.
In February 2017, he became Deputy Chief Executive Officer of Wesfarmers and was appointed Managing Director and Chief Executive Officer in November 2017, becoming the company’s eighth chief executive.
As CEO, Rob Scott leads Wesfarmers, one of Australia’s largest diversified listed companies. The group’s businesses span home improvement, general merchandise, office and technology products, health and beauty, pharmaceutical distribution, chemicals and fertilisers, natural gas, lithium and industrial and safety products.
Wesfarmers employ more than 118,000 people and has more than 480,000 shareholders.
His leadership has therefore been the central source of his corporate prominence and wealth, alongside his earlier investment-banking career and remuneration from senior executive positions.
Other roles
Beyond sport, he has held significant governance positions, including Chairman of Rowing Australia and leadership roles with the Insurance Council of Australia.
He is also a director of Gresham Partners and the Business Council of Australia and serves on the University of Western Australia Business School Advisory Board.
Recognition
Rowing Australia lists Rob Scott as a Life Member, reflecting his contribution to Australian rowing.
Conclusion on Rob Scott net worth
In conclusion, Rob Scott’s wealth is primarily associated with his long-term corporate career, particularly his position as CEO and Managing Director of Wesfarmers. His executive roles at Wesfarmers and other corporate companies as well as his former rowing career account for most of his financial success.
Featured image: Rob Scott on wesfarmers.com.au
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