Tom Golisano Net Worth (Updated 2025).
Tom Golisano, a name synonymous with entrepreneurial spirit and philanthropy, began his professional journey in the late 1950s. Born and raised in Rochester, New York, Golisano’s career took flight when he founded his first company, International Controls Corporation, at the age of 24. This enterprise, specializing in the production of industrial controls, laid the groundwork for his future success.
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Tom Golisano’s Current Net Worth (2025)
As of 2025, Tom Golisano’s current net worth is estimated to be around $3.5 billion, according to Forbes. This figure reflects his successful business career and various investments.
Career
Tom Golisano is the founder of Paychex, a leading provider of payroll, human resource, and benefits outsourcing services. He started the company in 1971 with just $3,000 and grew it into a publicly traded corporation with over 15,000 employees and $3 billion in revenue.
Other Ventures
In addition to Paychex, Golisano has invested in various other businesses and industries. He is a co-owner of the National Basketball Association’s Buffalo Bills and has also been involved in real estate development. Furthermore, he has been a prominent philanthropist, donating millions to causes such as autism research and education.
Assets
Golisano’s assets include a significant stake in Paychex, as well as real estate holdings in New York and Florida. He also owns a private jet and a yacht, reflecting his successful career and high net worth.
Annual Income
As a majority shareholder in Paychex, Golisano’s annual income is largely derived from his dividends and the company’s stock performance. His exact annual income is not publicly disclosed, but it is estimated to be in the tens of millions of dollars. Additionally, he earns income from his other investments and ventures.
Frequently Asked Questions about Tom Golisano
**Frequently Asked Questions: Tom Golisano Net Worth**
1. What is Tom Golisano’s net worth?
Tom Golisano’s net worth is estimated to be around $6.3 billion.
2. How did Tom Golisano make his fortune?
Tom Golisano co-founded Paychex, a leading provider of payroll, human resource, and benefits outsourcing solutions, in 1971. He served as the company’s chairman and CEO until 2012.
3. What is Tom Golisano’s role at Paychex now?
After stepping down as CEO in 2012, Tom Golisano continues to serve as the chairman of Paychex’s board of directors.
4. What is the Paychex IPO price and date?
Paychex had its initial public offering (IPO) on November 18, 1983, at a price of $12 per share.
5. What is Tom Golisano’s philanthropic work like?
Tom Golisano is known for his philanthropic efforts, particularly in the areas of education and healthcare. He has donated millions to various causes, including the Golisano Children’s Hospital in Rochester, New York.
6. Did Tom Golisano run for governor of New York?
Yes, Tom Golisano ran for governor of New York on the Independence Party line in 1994, 1998, and 2002.
7. What is Tom Golisano’s education background?
Tom Golisano graduated from the Rochester Institute of Technology with a degree in accounting.
8. How old is Tom Golisano?
Tom Golisano was born on August 14, 1941, making him 80 years old as of 2021.
9. What is Tom Golisano’s political affiliation?
Tom Golisano is a member of the Independence Party in New York, although he has also been associated with the Republican Party.
10. What are some of Tom Golisano’s investments outside of Paychex?
Tom Golisano has invested in various businesses and ventures outside of Paychex, including real estate, sports teams (he owned the Buffalo Sabres from 2003 to 2011), and other companies.
