Thomas Golisano Net Worth
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $5.5 billion | N/A | November 14, 1941 | Irondequoit, New York | Male | N/A | Businessman, Philanthropist | American |
Highlights
Thomas Golisano, an American businessman and philanthropist, has a net worth of $5.5 billion. He is best known as the founder of Paychex, the second-largest payroll processor in the United States. Golisano is also recognized for his philanthropic efforts and his involvement in sports team ownership.
Early Life
Thomas Golisano, whose full name is Blase Thomas Golisano, was born on November 14, 1941, in Irondequoit, New York. Growing up in a modest family, Golisano developed an entrepreneurial spirit from a young age. He displayed a keen interest in business and finance, which laid the foundation for his future success.
Career
Golisano’s notable career began with the establishment of Paychex in 1971. Paychex quickly flourished and became one of the leading payroll processing companies in the United States. Golisano’s innovative approach and dedication to exceptional customer service contributed significantly to the company’s success.
Aside from his business ventures, Golisano actively participated in politics. He was a founding member of the Independence Party of New York and ran for governor of New York three times, spending a total of $93 million on his campaigns.
Golisano’s commitment to philanthropy is remarkable. In 1985, he founded the B. Thomas Golisano Foundation, which provides grants to organizations dedicated to supporting individuals with disabilities and their families. Golisano donated over $1 billion from his net worth to various charitable causes, including substantial donations to healthcare and educational institutions.
Furthermore, Golisano was involved in sports team ownership. He was the former co-owner of the Buffalo Sabres hockey team. In 2011, he sold the Sabres and its assets to billionaire Terrence Pegula.
Personal Life
Golisano’s personal life includes a noteworthy relationship with retired professional tennis player Monica Seles. They began dating in 2009, got engaged in 2014, and eventually married. Seles is 32 years younger than Golisano, highlighting their age difference.
Net Worth Over Time
Golisano’s net worth has evolved significantly throughout his life. As the founder of Paychex, his wealth increased substantially as the company thrived. Additionally, his political involvement and the success of his various business ventures enabled him to accumulate a significant net worth of $5.5 billion.
Components of Net Worth
The primary component of Golisano’s net worth is his ownership stake in Paychex. As the founder, his shares in the company hold considerable value. Furthermore, the sale of the Buffalo Sabres hockey team also contributed to his net worth.
However, what truly sets Golisano apart is his dedication to philanthropy. The substantial donations he has made throughout his life to support individuals with disabilities and fund healthcare and educational institutions significantly impact his net worth. The B. Thomas Golisano Foundation plays a crucial role in positively impacting the lives of others.