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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