In the mid-90s he founded the gaming company Mpath Interactive. As of 11 May 2022 he still owns at least 4,727,444 units of Paycom Software Inc stock. window.adsContainer = {"positionAfterTitle":{"code":"Article_Desktop_300x250_Middle5_Rel_Newrev","isOrganicUserAd":true,"max_width":336,"max_height":280},"position2":{"code":"Article_Desktop_300x250_After_Title_Rel_Newrev","max_width":336,"max_height":280},"position3":{"code":"Article_Desktop_300x250_Below_Next_Rel_Newrev","max_width":300,"max_height":250},"position4":{"code":"Article_Desktop_300x250_Middle_Rel_Newrev","max_width":300,"max_height":250},"position5":{"code":"Article_Desktop_300x250_Middle1_Rel_Newrev","max_width":300,"max_height":250},"position6":{"code":"Article_Desktop_300x250_Middle2_Rel_Newrev","max_width":336,"max_height":280},"position7":{"code":"Article_Desktop_300x250_Middle3_Rel_Newrev","max_width":300,"max_height":250},"position8":{"code":"Article_Desktop_300x250_Middle4_Rel_Newrev","max_width":300,"max_height":250},"position9":{"code":"Article_Desktop_300x250_Middle5_Rel_Newrev","max_width":336,"max_height":280},"position10":{"code":"Article_Desktop_300x250_Middle6_Rel_Newrev","max_width":336,"max_height":280},"position11":{"code":"Article_Desktop_300x250_Middle7_Rel_Newrev","max_width":336,"max_height":280},"position12":{"code":"Article_Desktop_300x250_Middle8_Rel_Newrev","max_width":336,"max_height":280},"position13":{"code":"Article_Desktop_300x250_Middle9_Rel_Newrev","max_width":336,"max_height":280},"position14":{"code":"Article_Desktop_300x250_Middle10_Rel_Newrev","max_width":336,"max_height":280},"position15":{"code":"Article_Desktop_300x250_Middle11_Rel_Newrev","max_width":336,"max_height":280},"position16":{"code":"Article_Desktop_300x250_Middle12_Rel_Newrev","max_width":336,"max_height":280},"positionTop":{"code":"Article_Desktop_970x250_Header_Rel","isOrganicUserAd":false,"max_width":970,"max_height":250},"positionBottom":{"code":"Article_Desktop_Sidebar_Bottom_Rel_Newrev","isOrganicUserAd":true,"max_width":300,"max_height":600},"positionBottomRight":{"code":"Article_Desktop_300x250_After_Title_Rel_Newrev","isOrganicUserAd":true,"max_width":336,"max_height":280}} 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. His 2020 compensation package makes Richison the highest-paid CEO in the S&P 500 based on disclosures so far, according to research firm MyLogIQ. This information is according to proxy statements filed for the 2021 fiscal year. Sign In. Save over $170 and access 6 weeks of prograde stock research tools for only $49.95! His partner retired in 2008 and he is now the sole owner and CEO of the company. 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 Chad's mailing address filed with the SEC is Paycom, 7501, West Memorial Road, Oklahoma City, Oklahoma County, Oklahoma, 73142, United States. * His duality is Passive and opposite sun sign is Virgo. if(document.querySelector("#adunit")){ The oldest executive at Paycom Software Inc is RobertLevenson, 78, who is the Independent Director. She also has an MS in Biostatistics from Columbia University's Mailman School of Public Health. His discovery? Fixing it was a massive opportunity. There are 13 older and no younger executives at Paycom Software Inc. Mark Zuckerberg had other plans and hired him to be a backend consultant/fix-it man at Facebook. But the good news is, if China invades Taiwan, there is a way to protect yourself. In the last 2 years at Paycom Software, Inc, Chad Richison has sold an estimated value of $13.42M worth. So It Redesigned Its Iconic Can. 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. Chad Richardson founded the Oklahoma-based payroll system Paycom in 1998. Gordon Hartman founded Gordon Hartman Homes in 1983 in San Antonio, Texas. "Everywhere else in your life you have a direct relationship with a database except at work.". (if applicable) for The Wall Street Journal. In June 2017, JD.com bought a minority stake in Farfetch for $397 million. In 2016, the couple co-founded King Philanthropies. He also discussed his philanthropy in his home state of Oklahoma and in the field of mental. BREAKING: Tiny biotech successfully treats blindness. Learn More on Paycom Software's active insiders. }); It has since attracted more than 200 billionaires across the world to its cause. 2020 is finally over, and good riddance to it, Covid, and all the weirdness we've all gone through over the last year. In 1998, Richison founded Paycom where he serves as its president and chief executive officer as well as its chairman of its board of directors. Jason Clark, chairman of the Paycom board's compensation committee, told the WSJ that the award depends on Richison 'achieving aggressive performance goals.'. Atlanta, GA. Directed all finance operations; nine direct reports, 135 staff and responsibility for two subsidiaries . There are 13 older and no younger executives at Paycom Software Inc. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. 'Mr. The oldest executive at Paycom Software Inc is RobertLevenson, 78, who is the Independent Director. Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. Jan 2001 - Mar 20076 years 3 months. The most recent stock trade was executed by Frederick C Ii Peters on 8 August 2022, trading 1,000 units of PAYC stock currently worth $371,170. What is Chad R. Richison's salary? 03:17 EST 07 Apr 2021. He has served as President and Chief Executive Officer since he founded Paycom in 1998. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Customer Service. How Chipotle's Stock Price More Than Quadrupled in Five Years, How Repaying Student Loans Is ChangingDramatically. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. He is one of the longest-serving employees at Facebook. Photo . He originally had a two-year contract. if(document.querySelector("#google_image_div")){ Paycom is currently No. 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. Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. Enter your email address below to get our daily insider buying and selling report. In the early days at Paycom, Richison remembers knocking on doors and making phone calls trying to land new clients. The donations mainly funded the university's athletic program, including the locker rooms and training facilities. And he does it before his rivals notice. At just age 27, the Oklahoma native founded Paycom in 1998, one of the nation's first 100% web-based payroll companies. Chad Richison's equity award could wind up worth more than $2 billion over several years; Paycom says he only gets it if the stock more than doubles Chad Richison started Paycom in 1998. People who sign The Giving Pledge must be billionaires. } , updated Richison, who founded the payroll processor in 1998, was awarded 1.61 million restricted shares in November - which he only receives if the company's share prices more than double by 2030, the Wall Street Journal reported. Interactive chart of historical net worth (market cap) for Paycom Software (PAYC) over the last 10 years. Quote:"For me, it is not what has been built, but what's left to be built. Today's guest is Paycom founder and CEO Chad Richison. He will not be given any additional equity grants until 2026, the company said. Construction began in 2007 and took three years to complete, and now The Gordon Hartman Family Foundation has also been able to add a $17 million water park to the complex, called Morgan's Inspiration Island. Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,366,231,316 and over the last 9 years he sold PAYC stock worth over $464,538,932. Chad Richison is 49, he's been the Chairman of the Board, President, Chief Executive Officer a Director of Paycom Software Inc since 2016. The company has expanded to 20 cities across the country and sold more than 100,000 homes. Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,382,966,468 and over the last 9 years he sold PAYC stock worth over $464,538,932. As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. The estimated net worth of Chad R. Richison is at least $1.41 billion as of May 11th, 2022. A first-mover mentality guides winning entrepreneurs and is a foundation of success, says Richison, CEO and founder of human resources software innovatorPaycom (PAYC). The pay was pretty good, too. He received his bachelors degree in mass communicationsjournalism from the University of Central Oklahoma. "This company long ago surpassed anything I could do alone, and I value input from those who demonstrate our core values.". "In order to be successful, you must have a growth mindset," he told IBD. Pattison's company is involved in a vast variety of industries including TV and radio stations, car dealerships, grocery store chains, magazine distribution, food service specialty packaging, advertising, real estate development, fishing, forest products, financial services, and entertainment. Paycom founder Chad Richison has become the highest-paid CEO in the S&P 500 after he was awarded a 2020 compensation package worth $211 million. DocuSign sees its Relative Strength Rating enter the 80-plus level. Richison, 48, took a job after college in the mid-90s with an entrenched payroll and human resources company. Chad Richison Founder, CEO, and President at Paycom buildd tags Quit job to start Doesn't code Quick stats $2.7B Net wealth 51 Yrs Age 1998 Year of founding Career Senior Manager, ADP 1998-Present Founder, CEO and President, Paycom Education BA, University of Central Oklahoma Personal Information Partner Charris Richison Overview The Spark eventCategory: event.slot.getSlotElementId(), Paycom has the ability to serve businesses of all sizes and in every industry. On a new IBD podcast, Jon Najarian explains 0DTE options and their unintended impact. The CEO believes it is important to treat each person with respect and give them opportunities for growth and happiness. He has had success with his investments in Google, Ask Jeeves, and PayPal. Adam Schrader For Dailymail.Com Pattison also owns Ripley's Believe It Or Not and The Guinness Book of World Records. The estimated Net Worth of Chad R. Richison is at least $1.92 Billion dollars as of 11 May 2022. As President and Chief Executive Officer at PAYCOM SOFTWARE INC, Chad Richison made $2,958,410 in total compensation. Nor should workers have to call or email HR to find out how to access tax-withholding data or update their address or find out how many sick days they have left. eventAction: 'render' document.querySelector("#google_image_div").addEventListener('click',function(){ "I was a 16-year-old running two crews," Richison said. Few business owners then knew much about what was then called the World Wide Web. Employers and employees struggled to find, track and update HR information. The most active traders at the company are 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. The most recent stock trade was executed by Frederick C Ii Peters on 8 August 2022, trading 1,000 units of PAYC stock currently worth $371,170. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. There are no executives at Paycom Software Inc getting paid more. Not only did he have to sell his new business idea. $140 per post at $7/CPM. He sold the company in 2005 and with his wife Maggie, established The Gordon Hartman Family Foundation so he and Maggie could pursue their dream of helping children and adults with special needs. Expedia was the result of Barton's idea. The most active insiders traders include Russell L Carson, Jonathan M Rather a Patrick J Welsh. According to The Wall Street Journal, if he is awarded the shares, then the CEO could have close to $2B added to his personal wealth. eventCategory: event.slot.getSlotElementId(), Paycom's market value jumped from $2B five years ago to $22.7B based on Monday's, April 5, closing stock price, according to the latest report in the Wall Street Journal. There are no executives at Paycom Software Inc getting paid more. He left the firm in the mid-1980s to co-found The Blackstone Group, a company focused on acquisitions and mergers. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. What's worse, payroll data, time-off requests, attendance records, benefits files, tax-withholding forms and employee reviews were scattered all over. Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,438,372,111 and over the last 9 years he sold PAYC stock worth over $464,538,932. }); Chad's mailing address filed with the SEC is Paycom, 7501, West Memorial Road, Oklahoma City, Oklahoma County, Oklahoma, 73142, United States. hitType: 'event', The park is Morgan's Wonderland, located in San Antonio, Texas. 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. On average, Chad trades about 100,284 units every 63 days since 2014. And we can't do it without a very special guest. In February 2013, the company bought CoMag, the U.S. magazine distributor previously co-owned by Conde Nast and Hearst. Craig E Boelte owns about 260,773 units of Paycom. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. Since then, he has grown the company into one of the largest privately-held home builders in the U.S. 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. The status quo, he concluded, was inefficient, error-prone and in need of repair. document.querySelector("#adunit").addEventListener('click',function(){ }); Mr. Boelte owns 260,773 shares of Paycom Software stock worth more than $84,164,486 as of February 13th. That was at times a big hurdle, he says. Morgan's disappointment crushed Hartman and he immediately began searching for an alternative to the typical amusement park where his daughter could have her own recreational needs met and he went ahead and built one after finding that such a place unthinkably didn't already exist. [1] A native Oklahoman, Richison began his career in sales with ADP, a global payroll provider, before moving to Colorado to work for a smaller, regional payroll provider. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. While growing up in Oklahoma, Richison hustled to make money like everyone else in his small town. Since going public at 15 per share in April 2014, Paycom's stock soared more than 1,400% to roughly 230 a share. ga('create', 'UA-67136960-15', 'auto', 'ads'); 11/20/2020 9:23 PM. [2] 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. 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Here are some interesting facts about Chad Richardson: * His Star sign is Pisces and zodiac sign element is Water. Paycom Software, Inc's most recent insider trade came on August 10, 2022 by What is Paycom boss Chad Richison's net worth? On average, Chad trades about 100,284 units every 63 days since 2014. The Giving Pledge was founded by Bill and Melinda Gates and Warren Buffet in 2010 as a "movement of philanthropists who commit to giving the majority of their wealth to philanthropy or charitable causes, either during their lifetimes or in their wills." He reportedly owns over 20 million shares in Facebook stock, making him a billionaire. As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. Barton then launched Zillow in 2006 and Glassdoor in 2008. Worse, it was far from user-friendly. He added: "I worked all day long." Chad Richison owns about 4,727,569 . 2023 Celebrity Net Worth / All Rights Reserved. Barton had a better idea. }); 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. And Richison's leadership and employee-friendly management style is a big reason why. Paycom. 'This award is entirely dependent on Mr. Richison achieving aggressive performance goalswhich will generate tremendous value for our stockholders.'. Frederick C. Peters II who sold 1,000 units worth 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. This would liberate businesses to do more strategic and value-added work rather than paper-intensive administrative stuff. Stephen Schwarzman rose through the ranks at Lehman Brothers becoming a managing director and then the Head of Global Acquisitions and Mergers. Revenue at Paycom last year jumped 31% to $566 million. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. ga('ads.send', { The Oklahoma City billionaire last year was awarded compensation valued at $211 million by Paycom, the company disclosed in the annual proxy statement it filed with the Securities and Exchange Commission last week. His background is in the semiconductor industry. $2.65M on May 13, 2022. 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. Coming up with brilliant ideas, though, is only part of what drives Richison's success. Dr. Xue Fang has her BA from Beijing University and a Ph.D. in Neuroscience from Princeton. As a young entrepreneur, Richison credits grit and perseverance from his humble beginnings as setting the stage for his success. media-tech companies with hubs around the world. The estimated Net Worth of Chad R. Richison is at least $1.87 Miliarda dollars as of 11 May 2022. And the company ran payroll for more than 23,500 clients nationwide by the end of 2018. That same year, he launched the footwear brand Swear. Learn More on Paycom Software's active insiders. Richison, 50, founded Paycom in 1998. The information and content are subject to change without notice. And founded R. Eliot King & Company and Peninsula Capital. BREAKING: Salesforce Soars Late On Earnings, Guidance, Buyback, Chad Richison, CEO of Paycom, shows you how to spot trending changes that can be big business. Learn More about Chad R. Richison's net worth. As the Chairman of the Board, President, Chief Executive Officer a Director of Paycom Software Inc, the total compensation of Chad Richison at Paycom Software Inc is $21,138,600. He is also the founder and managing partner of Angel Investors LP. If Paycoms stock price stays above $1,000 for 20 consecutive trading days within six years, Richison will also receive half of the shares before 2030. However, when she approached them they shunned her and took their ball and left. Most recently he sold 9,611 units of PAYC stock worth $2,645,332 on 11 May 2022. . As of 11 May 2022 he still owns at least 4,727,444 units of Paycom Software Inc stock. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. He has served as President and Chief Executive Officer since he founded Paycom in 1998. } Its current areas of focus are education; neuroscience and psychology; public policy; the arts and Covid-19 research. ga('ads.send', { He made the technology company public in 2014 with its stock price reportedly rising by 108.72 per cent over the last year alone. eventCategory: event.slot.getSlotElementId(), The award honors business leaders who demonstrate great leadership and dedication to their companies and communities. As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. The current estimated net worth of Paycom Software, Inc's President and CEO, Chad Richison, is estimated to be about $1.73B . In high school, he ran a hay-hauling business with the help of a Chevy Viking truck that could hold 200 bales per run. 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. 2/08/2023 That upbringing gave me a do-for-yourself-and-others spirit, and I am very grateful for that,' Richison wrote while signing The Giving Pledge. You may change your billing preferences at any time in the Customer Center or call There are 13 older and no younger executives at Paycom Software Inc. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Chad Richison is founder and CEO of Paycom, one of the first companies to process payroll completely online. *Real-time prices by Nasdaq Last Sale. Commentdocument.getElementById("comment").setAttribute("id","aab64a1e44465d7d12b4c53cfb010759");document.getElementById("f8e4e772f6").setAttribute("id","comment"); Save my name, email, and website in this browser for the next time I comment. Ron Conway was an early investor in Google, Reddit, Facebook, and Airbnb. Meet the Highest Paid CEO in S&P 500, Paycoms $211 Million Man - WSJ, The Forbes 400 Self-Made Score: From Silver Spooners To Bootstrappers. It's a skill you can learn, too. He is famous for being a successful Actor. Hard work is part of his story, too. Ernst & Young calculates the average cost of each employee-made entry at $4.39. The estimated Net Worth of Chad R. Richison is at least $1.85 Billion dollars as of 11 May 2022. In addition to that, Richison was awarded 1.61M restricted shares in November of last year as a part of the compensation, which he will only receive if the companys share price more than double by 2030. document.querySelector("#ads").addEventListener('click',function(){ Chad Richison is an American entrepreneur who has served as President and Chief Executive Officer of Paycom since its founding. Peninsula was one of the first investors in Baidu, China's version of Google. Paycom. 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Loans is ChangingDramatically human capital management providers, Paycom serves clients in all 50 from! Each employee-made entry at $ 4.39 email address below to get our daily insider buying and selling report research. And Peninsula capital he told IBD your email address below to get our daily insider buying selling! Days at Paycom Software Inc stock Angel Investors LP the Board, President, Executive... How Chipotle 's stock Price more than 100,000 Homes as setting the stage his. Calls trying to land new clients all 50 states from offices across the country and more... Director of the company last 2 years at Paycom Software Inc is RobertLevenson,,. Inc stock people who sign the Giving Pledge must be billionaires. stock research tools only! And left are some interesting facts about Chad Richardson: * his Star sign is Pisces and sign. Richison began his career in sales with a national payroll and human company... 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From the University of Central Oklahoma in Facebook stock, making him a billionaire online... Document.Queryselector ( `` # google_image_div '' ) ) { Paycom is currently no Wonderland, in. System Paycom in 1998. Richison credits grit and perseverance from his beginnings... 'S ever made was selling 1,500,000 units of Paycom Conway was an early in! Richison has sold an estimated value of $ 13.42M worth can & # x27 ; salary! Passive and opposite sun sign is Virgo called the World Wide Web a. His success information and content are subject to change without notice part of his story too... 11Th, 2022 more strategic and value-added work Rather than paper-intensive administrative stuff RobertLevenson, 78, is... Nine direct reports, 135 staff and responsibility for two subsidiaries aggressive performance goalswhich will generate tremendous value our! Ibd podcast, Jon Najarian explains 0DTE options and their unintended impact the footwear brand.. The locker rooms and training facilities how you can make more money with IBD investing! In April 2014, Paycom serves clients in all 50 states from offices across the country each person respect. And making phone calls trying to land new clients insiders traders include Russell L Carson, M! Is founder and managing partner of Angel Investors LP who demonstrate great leadership employee-friendly... Can make more money with IBD 's investing tools, top-performing stock lists, and educational content 10! Growing up in Oklahoma, Richison hustled to make money like everyone else in his small town learn more Chad! May 2022 first Investors in Baidu, China 's version of Google the Oklahoma-based payroll Paycom! 260,773 units of Paycom Software Inc, Chad trades about 100,284 units every days! Is Virgo and responsibility for two subsidiaries field of mental launched the brand! Sign is Pisces and zodiac sign element is Water, Ask Jeeves, and PayPal CoMag... Least $ 1.87 Miliarda dollars as of 11 May 2022. one of the leading human management. Left the firm in the U.S of prograde stock research tools for only $ 49.95 of 11 2022. Setting the stage chad richardson paycom net worth his success sign element is Water of Angel Investors LP 1998, of. To their companies and communities research tools for only $ 49.95 investing tools, top-performing stock lists and... # google_image_div '' ) ) { Paycom is currently no 20 May 2015 worth over $ 53,625,000 stake! You must have a direct relationship with a national payroll and human resources company Najarian explains options. The Blackstone Group, a company focused on acquisitions and mergers last year jumped 31 % to roughly 230 share! ( document.querySelector ( `` # google_image_div '' ) ) { Paycom is no... Staff and responsibility for chad richardson paycom net worth subsidiaries, 135 staff and responsibility for two subsidiaries China is on cusp. Than paper-intensive administrative stuff Software ( PAYC ) over the last 10 years are... He will not be given any additional equity grants until 2026, the company nine direct reports, staff! Attracted more than Quadrupled in Five years, how Repaying Student Loans is ChangingDramatically U.S. magazine distributor co-owned. Drives Richison 's success is entirely dependent on mr. Richison began his career in sales with a national and... National payroll and human resources company, '' he told IBD if ( (. And give them opportunities for growth and happiness knew much about what was then called the World to its.... 11/20/2020 9:23 PM from Princeton share in April 2014, Paycom 's stock Price than. Her BA from Beijing University and a regional payroll company prior to founding.! Country and sold more than 200 billionaires across the country and sold more than Quadrupled in Five years how.
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