Portrait of Tom Golisano

Rank #876

Tom Golisano

Net worth $4.9B

Payroll services · United States

Born
Nov 14, 1941
Age
84
Source
Payroll services
Residence
Naples, Florida
Citizenship
United States
Marital status
Married
Children
2
Education
Associate in Arts/Science, SUNY Tech Alfred

Net worth over time

Biography

  • Tom Golisano founded payroll giant Paychex in 1971 with just $3,000 and a credit card.
  • He served as CEO until 2004 and remains a director of the publicly-traded company.
  • Born in Rochester, New York, to a macaroni salesman and a seamstress, Golisano ran for governor three times under the Independence Party of New York.
  • In 2011, he sold the Buffalo Sabres to billionaire Terry Pegula for $189 million, after rejecting a higher bid that would have taken them out of town.
  • The father of a son with special needs, Golisano has pledged or donated more than $300 million to support children with autism and other disabilities.
  • Golisano is married to former tennis star Monica Seles.
  • Golisano moved to Florida in 2009 because it would save him $13,800 a day in income taxes.

Financial assets

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