Tom Golisano’s profile picture

Tom Golisano

Tom Golisano’s profile picture
Net worth 2018: $3.2 Billion
Industry: Service
Residence: Naples, Florida
Country: United States
BirthDay: 14 November 1941
Children: 2
Education: Associate in Arts / Science, SUNY Tech Alfred

Tom Golisano was bornon 14 November 1941 in Naples, Florida, United States. Tom Golisano is #742 in List Billionaires People In The World. Tom Golisano founded payroll firm Paychex in 1971 with just $3,000 and a credit card. He served as CEO until 2004 and remains chairman 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. The longtime New York resident (who now lives in Florida) sold the Buffalo Sabres to fellow billionaire Terry Pegula in March 2011 for $189 million. Golisano rejected a higher bid for the Sabres in order to keep the team in Buffalo.


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I can't say that payroll is an interesting business in and of itself. But being able to deliver it to 100,000 companies in a timely fashion? Now that is interesting.

Tom Golisano
Blase Thomas Golisano (born November 14, 1941) is an American businessman and philanthropist. He is the founder of Paychex, which offers payroll and human resources services to businesses, and former co-owner (along with real estate developer Larry Quinn) of the Buffalo Sabres hockey team and of the Buffalo Bandits lacrosse team. He sold the Sabres and its assets to multi-billionaire Terrence Pegula in February 2011. Golisano made a bid for the bankrupt Los Angeles Dodgers franchise in early 2012; but his group was eventually outbid by a consortium led by Magic Johnson and the Guggenheim Partners. In order to help keep the team in western NY, he also made a bid for the Buffalo Bills when that franchise came up for sale in 2014. Golisano has an associate's degree from Alfred State College.He is a founding member of the Independence Party of New York and ran on its ticket for governor of New York in 1994, 1998 and 2002. Although he was never elected, his percentage of the vote increased with each election. He spent a combined $93 million on the three campaigns. By receiving more than 50,000 votes each time, Golisano brought the Independence Party an automatic ballot line for the succeeding four years. There was speculation that he would run for governor again on the Republican ticket, but it was announced, on May 15, 2009, that he was moving to Florida.Golisano is listed as the 264th wealthiest person in America with a net worth of $3 billion, according to the 2017 Forbes 400 list.After New York's Republican governor, George Pataki announced he would not run again in the 2006 election, Republican officials attempted to recruit Golisano to run for the Republican nomination. He changed his party affiliation to Republican, with the Independence Party's chairman's blessing, in October 2005, apparently in preparation for another gubernatorial run. On February 1, 2006, however, Golisano announced that he would not run for the governorship.In August 2008, Golisano contributed $1 million to the Democratic National Convention.In July 2008, Golisano formed a PAC called Responsible New York and funded it with $5 million of his own money. The PAC gives money to candidates for the New York state legislature, regardless of party. The PAC is aiming to support candidates for property tax cuts and election reform.In October 2008, Golisano voiced his opinion in favor of term limits for public offices in the New York City. Golisano vowed to fight Mayor Michael Bloomberg's proposal to extend term limits, arguing that the people of New York City have voted twice in favor of the current law.In June 2009, Golisano took partial credit for creating the 2009 New York State Senate leadership crisis in which Republican seized control of a body that still retained a Democratic majority. Golisano, who had supported a number of Democratic Party candidates during the 2008 election, was dissatisfied with things like the Democrats' to solve the state's budget crisis by raising taxes on New York's wealthiest residents. He orchestrated the defection of Democratic senators Pedro Espada Jr. and Hiram Monserrate, who voted with Republicans to reinstate Dean Skelos as majority leader.In February 2011, Golisano became the spokesman for National Popular Vote Inc., a non-profit organization seeking to implement a popular vote system for presidential elections by harnessing the electoral college.He founded the B. Thomas Golisano Foundation in 1985 with an initial gift of $90,000. The Foundation awards grants to organizations dedicated to providing opportunities for those with intellectual and developmental disabilities and their families. The Foundation has assets exceeding $32 million and awards about $2 million in grants annually to organizations primarily in western and upstate New York and Florida. Golisano's personal and foundation philanthropy to health care, education, and other organizations now totals more than $267 million. There are three children's hospitals named for him. (Rochester, NY, Syracuse, NY and Fort Myers, Florida)In 2017, in Austria, at the Special Olympics World Games, the first Golisano Global Health Care Leadership Award s will be announced and presented to recognize those who are advancing inclusive health for people around the world with intelletual disabilities.In September 2016, Golisano gave $7.5 million to Nazareth College for a new Athletic Training Center that will be a model of inclusion, fitness and wellness. It is expected to open in 2018.Also in September 2016, Golisano gave $2 million to WXXI Public Broadcasting for state-of-the-art equipment. This is his second gift to WXXI. He gave $2 million in 2004, to upgrade to digital broadcasting equipment.In June 2016, the new Golisano Center for Community Health opened its doors to patients. The center, which provides comprehensive integrated health care to people with disabilities and their families, was made possible with a gift of $3.5 million from Golisano.Tom Golisano and the Golisano Foundation were recognized among 30 great givers and causes on Forbes' "Philanthropy's Big Bets for Social Change of 2015."In 2012 Golisano donated $12 million to Special Olympics in 2012 to launch the Healthy Communities initiative to increase year-round access to health care for people with intellectual disabilities. He made an additional commitment of $25 million to Special Olympics in 2015 to expand Healthy Communities to 100 locations around the world. This was the largest single gift to an organization made by Golisano and the largest single gifts ever received from an individual by Special Olympics.Also on 2012, Golisano donated $20 million in 2012 to build a new Golisano Children's Hospital at Lee Health in southwest Florida. The new hospital will open in Spring 2017.In 2014, The Golisano Neurology and Rehabilitation Center opened at Unity Hospital in Rochester, New York, funded in part by a $10 million contribution by Golisano.In November 2009, Golisano donated $4 million to Ave Maria University for the construction of a new field house.On October 8, 2008, Golisano donated $10 million to Niagara University for a new B. Thomas Golisano Center for Integrated Sciences building that was named in his honor.Golisano donated $14 million to the University of Rochester, which renamed their pediatric facility at Strong Memorial Hospital in his honor as the Golisano Children's Hospital in 2002. In 2012 Golisano pledged an additional $20 million to URMC to build a new Golisano Children's Hospital, which opened in 2015.In October 2003, Golisano donated $5 million to Nazareth College, which named the new Golisano Academic Center in his honor. In July 2004, he made a $5 million gift to Hartwick College of Oneonta, New York, which was used to build a new academic building for the social science and management programs, and has been named Golisano Hall. On March 6, 2006, Golisano donated $6 million to Bishop Kearney High School and Our Lady of Mercy High School.Golisano was a founding sponsor of the Clinton Global Initiative and was an underwriter of CGI's annual meeting for nine years from 2005 through 2013.In 2005 Golisano contributed $6 million to the Upstate University Hospital in Syracuse for a new children's hospital. The hospital was named Upstate Golisano Children's Hospital in his honor.In February 2001 Golisano donated $14 million to the Rochester Institute of Technology for the B. Thomas Golisano College of Computing and Information Sciences. He donated an additional $10 million to RIT for the new Golisano Institute for Sustainability there in 2007.Three times divorced, Golisano is married to former tennis star Monica Seles. The two announced their engagement on June 5, 2014.Golisano has received recognition for his business prowess and philanthropy, including:In 2003, Golisano was awarded the first-ever Humanitarian Award by the Italian-American Community Center in Rochester.
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