S teven Sarowitz is a self-made American billionaire and the founder of Paylocity, a leading provider of cloud-based payroll and human capital management (HCM) software. He started his career working for other payroll processing companies before founding Paylocity in 1997. He built the company from the ground up, focusing on providing an integrated suite of software solutions for small and medium-sized businesses to manage their payroll, HR, and benefits.
The company's cloud-based model and focus on customer service allowed it to compete effectively with larger, more established players in the industry. Sarowitz took the company public on the Nasdaq in 2014, a move that turned him into a billionaire. He served as the company's CEO for many years before transitioning to the role of chairman. In addition to his business career, Sarowitz is a prominent philanthropist and a devout member of the Baháʼí Faith. He is also a film producer and the owner of the historic Wayfarers Chapel in California.
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Steven R. Sarowitz is an American businessman, the self-made billionaire Founder and Executive Chairman of Paylocity Holding Corporation (NASDAQ: PCTY), a major provider of cloud-based payroll and HR software solutions. His career is rooted in technology, software development, and entrepreneurial audacity.
Sarowitz holds a B.A. in Economics from the University of Illinois. His philosophical approach centers on technological excellence, scale efficiency, and long-term commitment to employee culture and philanthropy (pioneering the modern HR software model for mid-market businesses). He founded Paylocity in 1997, recognizing the immense, untapped domestic demand for integrated payroll and HR solutions.
Steven Sarowitz's strategic genius was his commitment to customer service and technology. He founded Paylocity in 1997, successfully building it into a global force by pioneering the SaaS model for payroll and HR management for mid-market businesses. His structural contribution is immense: pioneering the modern integrated HR software ecosystem that transformed the industry's efficiency and operations. The company successfully executed its IPO on the NASDAQ in 2014.
He stepped down as CEO (remaining Executive Chairman), guiding the company's continuous expansion and technological innovation. His wealth is secured by the colossal, long-term, stable profitability of the global SaaS and enterprise software sector.
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Founds Paylocity Holding Corporation (Founding).
Paylocity executes its successful IPO on the NASDAQ (Financial Milestone).
Steps down as CEO, remaining Executive Chairman (Executive Transition).
Continues as Founder and Executive Chairman, guiding the global technology giant (Executive Oversight).
Steven Sarowitz's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded technology giant, Paylocity Holding Corporation (NASDAQ: PCTY), and his private investments.
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Steven Sarowitz's social impact stems from Paylocity's role in providing essential HR and payroll software infrastructure that simplifies operations for thousands of mid-market businesses globally. His personal philanthropy, often directed through family foundations, supports major initiatives in interfaith dialogue and education, reflecting his commitment to social harmony and community development.
His personal philanthropy supports various community and educational initiatives.
Steven Sarowitz maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a pioneer in the specialized software sector.
Residing in Highland Park, Illinois, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to technology innovation, strategic management, and philanthropy.
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+0.37% | +$11.26M
+0.17% | +$38.86M
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