B . Thomas "Tom" Golisano is a self-made American billionaire who founded Paychex, a leading provider of payroll and human resources services for small and medium-sized businesses. He founded the company in 1971 with a small amount of capital, after identifying a major market opportunity. He realized that large payroll providers like ADP were focused on big corporations, leaving the vast market of small businesses underserved. He built Paychex to specifically cater to this market, offering an affordable and easy-to-use payroll processing service.
His strategy was a massive success, and he built Paychex into a multi-billion dollar, publicly traded company. After retiring from his executive role at Paychex, he has focused on philanthropy and his passion for sports and politics. He is the former owner of the Buffalo Sabres of the National Hockey League (NHL). He has also been a prominent political figure in New York, running for governor of the state three times as an independent candidate. He is a major philanthropist, with his name adorning numerous hospitals and educational institutions, particularly in his home state of New York.
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Bartholomew 'Tom' Golisano is an American businessman, the self-made billionaire Founder and former Executive Chairman of Paychex, Inc. (NASDAQ: PAYX), a global leader in payroll and human resources (HR) services. His career is rooted in accounting, finance, and entrepreneurial audacity.
Golisano holds an associate degree in Business Administration from Alfred State College. His philosophical approach centers on scale, technological efficiency, and long-term commitment to streamlining business services (pioneering the outsourced payroll model for small businesses). He founded Paychex in 1971 with only $3,000 in seed capital.
Tom Golisano's strategic genius was his commitment to solving small business pain points. He founded Paychex in 1971, successfully building it into a global force by pioneering the concept of outsourced, cost-effective payroll services for small businesses. His structural contribution is immense: pioneering the scale payroll and HR services model that transformed how SMEs manage compliance and employee administration. The company successfully executed its IPO on the NASDAQ.
He retired from the executive board (remaining a major shareholder) to focus on philanthropy and political advocacy. His wealth is secured by the colossal, long-term, stable profitability of the global business services and technology sector.
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Founds Paychex, Inc. with $3,000 in seed capital (Founding).
Paychex executes its successful IPO on the NASDAQ (Financial Milestone).
Tom Golisano expands his philanthropic commitment (Philanthropic Apex).
Continues as Founder and major shareholder, guiding the global service giant (Executive Oversight).
Tom Golisano's wealth is concentrated in his founding equity and retained stake in the publicly traded service giant, Paychex, Inc. (NASDAQ: PAYX), and his private investments.
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Tom Golisano's social impact stems from Paychex's role in providing essential HR and payroll services that enable millions of small businesses to operate efficiently. His personal philanthropy is immense, funding major pediatric healthcare facilities, including the Golisano Children's Hospitals and significant support for the Special Olympics.
His personal philanthropy supports various community and educational initiatives.
Tom Golisano 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 leader in the global service sector.
Residing in Rochester, New York, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, strategic investment, and philanthropy.
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0% | $0.00M
+8.27% | +$144.00M
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