} He originally had a two-year contract. Learn More about Chad R. Richison's net worth. However, when she approached them they shunned her and took their ball and left. This would liberate businesses to do more strategic and value-added work rather than paper-intensive administrative stuff. }); "I was a 16-year-old running two crews," Richison said. Paycom is headquartered in Oklahoma City, Oklahoma. 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, it has been revealed. Craig E Boelte owns about 260,773 units of Paycom. He received his bachelors degree in mass communicationsjournalism from the University of Central Oklahoma. Most recently he sold 9,611 units of PAYC stock worth $2,645,332 on 11 May 2022. . "I noticed early on that people really didn't have access to the information," Richison told Investor's Business Daily. 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 still runs the company today as CEO, and his skin is very much in the game: he owns 13.2% of shares outstanding a sum worth about $370 million. [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. 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. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. "Everywhere else in your life you have a direct relationship with a database except at work.". 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. Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. hitType: 'event', This documentary-style series follows investigative journalists as they uncover the truth. 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. The most active insiders traders include Russell L Carson, Jonathan M Rather, and Patrick J Welsh. There had to be a better way. He earns a strong 9 out of 10 on the Forbes' self-made score. Save over $170 and access 6 weeks of prograde stock research tools for only $49.95! Late last year, Richison reportedly signed the Giving Pledge created by Bill Gates and Warren Buffett, publicly promising to give away at least half his wealth. In the last 2 years at Paycom Software, Inc, Chad Richison has sold an estimated value of $13.42M worth. ga('ads.send', { Today's guest is Paycom founder and CEO Chad Richison. }) 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. ga('ads.send', { News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Overcame: Skepticism of early customers to. In addition to his work with The Blackstone Group, he pays for the education of over a hundred disadvantaged children in New York City, and reportedly personally reviews their report cards and writes to them each semester. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. Her $1M donation provided for Oklahoma City students in pandemic, What is Simon Cowell's net worth? The estimated Net Worth of Chad R. Richison is at least $1.85 Billion dollars as of 11 May 2022. For me, it is not what has been built, but what's left to be built.". Paycom. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. 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. 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. 'This award is entirely dependent on Mr. Richison achieving aggressive performance goalswhich will generate tremendous value for our stockholders.'. Chad Richardson founded the Oklahoma-based payroll system Paycom in 1998. David Weekly founded Houston-based David Weekly Homes in 1976, when he was 23. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management. Learn More on Chad R. Richison's contact information. Quote:"For me, it is not what has been built, but what's left to be built. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. hitType: 'event', Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. Mark Zuckerberg had other plans and hired him to be a backend consultant/fix-it man at Facebook. As a young entrepreneur, Richison credits grit and perseverance from his humble beginnings as setting the stage for his success. Mr. Richison earned a salary of $753,701.00, non-equity compensation of $1,479,630.00, and other compensation of $725,079.00. 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. It's a skill you can learn, too. Information on this page was last updated on 8/8/2022. In addition, he makes $21,138,600 as Chairman of the Board, President, Chief Executive . 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}} 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. So It Redesigned Its Iconic Can. }); It has since attracted more than 200 billionaires across the world to its cause. Learn More on Paycom Software's active insiders. hitType: 'event', Barton then launched Zillow in 2006 and Glassdoor in 2008. Chad has 11 jobs listed on their profile. You will be notified in advance of any changes in rate or terms. Richison, a former senior manager at payroll firm ADP, founded Paycom in 1998. let gads_event; Chad Richardson's net worth or net income is estimated to be $1 million - $2 million dollars. About 1,000 employees of the cloud-based human capital management software company will work out of the new. pg.acq.push(function() { Chart Data in Insider Trading History Table. The corporate mailing address for Mr. Richison and other Paycom Software executives is 7501 WEST MEMORIAL ROAD, OKLAHOMA CITY OK, 73142. Ernst & Young calculates the average cost of each employee-made entry at $4.39. Customer Service. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. if(document.querySelector("#adunit")){ eventCategory: event.slot.getSlotElementId(), With an estimated net worth at the U.S. $2.1 billion, Richison is one of Oklahoma's . Insider trading is most common in May, with the busiest year in 2015. Almost twenty years after being found, the company now makes over $500 million a year, raking in $433 million in 2017, and bringing in another $566.3 million in 2018. company is now growing at over 31% and boasts of over 23,500 clients from all over the US. He reportedly owns over 20 million shares in Facebook stock, making him a billionaire. }); St. Johns Newfoundland and Labrador, Canada. ga('ads.send', { The oldest executive at Paycom Software Inc is RobertLevenson, 78, who is the Independent Director. 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. 'Growing up in Tuttle, Oklahoma, I learned that if I wanted something, I had to work hard for it. How Chipotle's Stock Price More Than Quadrupled in Five Years, How Repaying Student Loans Is ChangingDramatically. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. This information is according to proxy statements filed for the 2021 fiscal year. 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. His estimated earning is $1 million $2 million. Jim Pattison is the Chairman, President, CEO, and sole owner of the Vancouver-based Jim Pattison Group, Canada's third-largest privately held company. He is also ranked in the richest person list from Canada. 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. Enter your email address below to get our daily insider buying and selling report. People who sign The Giving Pledge must be billionaires. Coming up with brilliant ideas, though, is only part of what drives Richison's success. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. 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. The estimated Net Worth of Chad R. Richison is at least $1.87 Miliarda dollars as of 11 May 2022. Gross is one of the most well-known financial managers in the world. Learn More about insider trades at Paycom Software. He has had success with his investments in Google, Ask Jeeves, and PayPal. Of this total $753,701 was received as a salary, $1,479,630 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $725,079 came from other types of compensation. We are one of the worlds fastest growing window.googletag.pubads().addEventListener('slotRenderEnded', function(event) { He is pictured right with his wife Charis Over the years, he expanded and grew his empire to include Gordon V. Hartman Enterprises which was comprised of Horizon Mortgage, Hartman Title, and Hartman Insurance Services. The shares are currently estimated to be worth around $702M. Dorothy King also helped launch R. Eliot King & Company. Stephen Schwarzman rose through the ranks at Lehman Brothers becoming a managing director and then the Head of Global Acquisitions and Mergers. Its current areas of focus are education; neuroscience and psychology; public policy; the arts and Covid-19 research. Revenue at Paycom last year jumped 31% to $566 million. That same year, he launched the footwear brand Swear. Get market updates, educational videos, webinars, and stock analysis. The oldest executive at Paycom Software Inc is RobertLevenson, 78, who is the Independent Director. 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