Tom Golisano
Overview
- Source of Wealth
- Payroll services
- Industry
- Service
- Residence
- Naples, Florida
- Education
- SUNY Tech Alfred (Associate in Arts/Science)
- Marital Status
- Married
- Children
- 2
Assets
- Paychex35,064,000 shares @ --PAYX-US
- Twinlab Consolidated Holdings90,090,000 shares @ --TLCC-US
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.
About
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.