Chad Richison's Keys Founder, president, CEO and chairman of Paycom, one of the fastest-growing U.S. software companies and a member of the IBD 50. Richison has a net worth of $2.9 billion He has donated $57 million so far Chad Richison, founder and CEO of Paycom, was recently crowned as the highest-paid top executive among S&P 500. Realtime quote and/or trade prices are not sourced from all markets. There is a new name breaking into the list of the highest-paid chief executives: Chad Richison, the founder and CEO of payroll processor Paycom Software Inc. Not only did he have to sell his new business idea. "In order to be successful, you must have a growth mindset," he told IBD. He received his bachelors degree in mass communicationsjournalism from the University of Central Oklahoma. In June 2017, JD.com bought a minority stake in Farfetch for $397 million. [2] According to Forbes data, Richison has a net worth around $2.9 billion making him the1,064 on a list of the world's billionaires. Chad Richison has been working as a President, Chief Executive Officer & Director at Paycom for 25 years. On average, Chad trades about 100,284 units every 63 days since 2014. What's worse, payroll data, time-off requests, attendance records, benefits files, tax-withholding forms and employee reviews were scattered all over. Already a member? The Giving Pledge - which was started by Bill and Melinda Gates - is a commitment by extremely wealthy individuals to giving away a majority of their wealth to philanthropic causes. Thirteen people joined The Giving Pledge in 2020 and have pledged to give away at least half their fortunes in their lifetimes. }); Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. For me, it is not what has been built, but what's left to be built.". As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. He received a 93% approval rating from employees to catapult him to membership in Glassdoor's "Top CEOs 2019" list. MEAWW is an initialism for Media Entertainment Arts WorldWide. Most recently he sold 9,611 units of PAYC stock worth $2,645,332 on 11 May 2022. Over the last 9 years, insiders at Paycom Software Inc have traded over $7,756,882,626 worth of Paycom Software Inc stock and bought 141,120 units worth $3,728,353 Jason Clark, chairman of the Paycom boards compensation committee, told the Journal that the full award of shares will only be granted if Richison achieves aggressive performance goals. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. Chad Richison, the founder and CEO of payroll processor Paycom Software Inc, became the highest-paid CEO in the S&P 500 after he was awarded a compensation package worth more than $200M. Today's guest is Paycom founder and CEO Chad Richison. In 2021, the company had annual revenue of $1.06 billion with a workforce of 5,385 employees. As a young entrepreneur, Richison credits grit and perseverance from his humble beginnings as setting the stage for his success. document.querySelector("#google_image_div").addEventListener('click',function(){ Revenue at Paycom last year jumped 31% to $566 million. Customer Service. As of 11 May 2022 he still owns at least 4,727,444 units of Paycom Software Inc stock. and Jeffrey D York, Chief Sales Officer Chad Richison Current Workplace. All because he found out how to put all of a company's HR data on the internet in a single, easy-to-access database. Billionaire tech entrepreneur Chad Richison, the founder and chief executive of payroll processor Paycom and one of Oklahoma's richest men, has paid a discounted $26.5 million for an idiosyncratic Malibu property that was originally listed at $57.5 million when it first appeared on the market, about 2.5 years ago. },false) It's a skill you can learn, too. There are no executives at Paycom Software Inc getting paid more. pg.acq.push(function() { On average, Chad trades about 100,284 units every 63 days since 2014. Hard work is part of his story, too. The oldest executive at Paycom Software Inc is RobertLevenson, 78, who is the Independent Director. He gets the other half if the share price reaches $1,750 for 20 straight days by late 2030. You may change your billing preferences at any time in the Customer Center or call This net worth evaluation does not reflect any other investments that Mr. Richison may own. Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Most didn't even have websites. He has had success with his investments in Google, Ask Jeeves, and PayPal. The estimated Net Worth of Chad R. Richison is at least $1.85 Miliarda dollars as of 11 May 2022. Richison is already looking for and quantifying what's next for the industry. What is Chad R. Richison's salary? $ + tax The information and content are subject to change without notice. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'buzzlearn_com-medrectangle-3','ezslot_6',126,'0','0'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-medrectangle-3-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'buzzlearn_com-medrectangle-3','ezslot_7',126,'0','1'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-medrectangle-3-0_1');.medrectangle-3-multi-126{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:50px;padding:0;text-align:center!important}On Buzzlearn.com, Chad is listed as a successful Actor who was born in the year of 1970. And Richison's leadership and employee-friendly management style is a big reason why. The current estimated net worth of Paycom Software, Inc's Chief Financial Officer, Craig E Boelte, is estimated to be about $192.19M . Richardson was able to anticipate where the internet was going and how it could change how business is conducted.. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. In addition, he makes $21,138,600 as Chairman of the Board, President, Chief Executive Officer a Director at Paycom Software Inc. Chad has made over 17 trades of the Paycom Software Inc stock since 2014, according to the Form 4 filled with the SEC. 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Authors may own the stocks they discuss. He is also the founder and managing partner of Angel Investors LP. The donations mainly funded the university's athletic program, including the locker rooms and training facilities. He joined Microsoft in 1991. Axon Stock Lights Up On Big Earnings Beat, Taser News, Apple Is Still The Richest Company By Squatting On Your Money. Billionaire tech entrepreneur Chad Richison, the founder and chief executive of payroll processor Paycom and one of Oklahoma's richest men, has paid a discounted $26.5 million for an idiosyncratic Malibu property that was originally listed at $57.5 million when it first appeared on the market, about 2.5 years ago. Inside highest paid CEO's $211M package and philanthropy work. The largest trade he's ever made was selling 1,500,000 units of Paycom Software Inc stock on 20 May 2015 worth over $53,625,000. Paycom Software's insider roster includes Craig Boelte (CFO), Jason Clark (Director), Jon Evans (COO), Holly Faurot (Insider), Robert Levenson (Director), Justin Long (EVP), Frederick Peters, II (Director), Chad Richison (CEO), Bradley Smith (Insider), J. C. Watts, Jr. (Director), and Jeffrey York (Insider). Chad Richison's largest sale order was 9,611 units , worth over Paycom Software, Inc. engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. 11/20/2020 9:23 PM. Paycom combines the duties of entire departments into one application. In 2016, the couple co-founded King Philanthropies. Elon Musk received the largest CEO award in 2018 when he was given stocks valued at $2.3 billion by his company Tesla. hitType: 'event', eventAction: 'click_image_ads' . Richison's observation set his success in motion. That same year, he launched the footwear brand Swear. He left PIMCO in 2014 and became fund manager for the Janus Capital Group, which is now known as Janus Henderson. Paycom made Glassdoor's 2019 list of "Best Places to Work." On average, Chad trades about 100,284 units every 63 days since 2014. There are no executives at Paycom Software Inc getting paid more. hitType: 'event', Glassdoor sold in 2018 for $1.2 billion to a Japanese human resources company. Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,499,403,413 and over the last 9 years he sold PAYC stock worth over $464,538,932. Paycom Software Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Chad Richison owns about 4,727,569 . On many days, Richison the innovator had to quickly morph into Richison the salesman. DocuSign sees its Relative Strength Rating enter the 80-plus level. Paycom has the ability to serve businesses of all sizes and in every industry. Campbells Soup Sales Were Declining. Paycom opened its new Texas operations center on May 10 at 3489 SH 121 in Grapevine. 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Richison said in today's internet-connected world there's no need for HR managers or payroll and recruitment staff to type in employee data. Mr. Richison was selected to serve on our Board of Directors based on the leadership skills, strategic guidance and experience he brings as our President and Chief Executive Officer and operational expertise from his prior experience in the industry. In a nod to his high school sporting career, the sizable donation gives the next generation the facilities needed to progress . Paycom's share prices closed at about $378 on Monday, the WSJ reported. Chad Richison, United States Founder and CEO of Paycom Net worth: $3.4 billion William Gross, United States William Gross co-founded Pacific Investment Management (PIMCO) Net worth: $1.5 billion Rich Barton and Dr. Sarah Barton, United States He has served as President and Chief Executive Officer since he founded Paycom in 1998. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. He has also served as a member of our Board of Directors since 1998 and was appointed Chairman of the Board of Directors in August 2016. Ten years later, he was still at Facebook as the Vice President of Infrastructure. Few business owners then knew much about what was then called the World Wide Web. gads_event = event; } Bill Gross is the co-founder of Pacific Investment Management (PIMCO) which today manages $2 trillion. Its current areas of focus are education; neuroscience and psychology; public policy; the arts and Covid-19 research. He grabbed it. As President and Chief Executive Officer at PAYCOM SOFTWARE INC, Chad Richison made $2,958,410 in total compensation. Program, including the locker rooms and training facilities, you must have a growth mindset ''... Earnings Beat, Taser News, Apple is still the Richest company by Squatting on Your Money Paycom founder managing... Called the world Wide Web `` in order to be built. `` serves as Chairman of leading... 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