Richard Chaifetz began his career with a strong foundation in psychology, earning a doctorate in clinical psychology before shifting his focus to the business world. Recognizing a gap in the mental health and employee assistance industry, he founded ComPsych in 1984, a company that pioneered workplace mental health services. His vision was to provide accessible, high-quality support for employees, blending his clinical expertise with entrepreneurial ambition. The company’s innovative approach quickly gained traction, establishing Chaifetz as a leader in the field and propelling ComPsych to become the world’s largest provider of employee assistance programs.

Chaifetz’s success didn’t stop there—his strategic leadership and ability to identify market needs made him a prominent figure in business and philanthropy. Beyond ComPsych, he became known for his investments in sports, education, and community initiatives, further solidifying his reputation. His naming rights to Saint Louis University’s Chaifetz Arena and his support for various charitable causes showcased his commitment to giving back. Through a combination of sharp business acumen and a genuine desire to make an impact, Chaifetz built a legacy that extended far beyond his initial venture.

Richard Chaifetz’s Net Worth in 2025

As of 2025, Richard Chaifetz’s estimated net worth is approximately $1.5 billion. His wealth stems from his successful career as an entrepreneur, investor, and founder of ComPsych Corporation, the world’s largest provider of employee assistance programs. Strategic investments and business ventures have further bolstered his financial standing, solidifying his position among prominent self-made billionaires.

Richard Chaifetz’s Career

Richard Chaifetz built his career by founding ComPsych in 1984, revolutionizing workplace mental health and wellness services. Under his leadership, the company grew into a global leader in EAP solutions. Before entrepreneurship, he earned a Ph.D. in clinical psychology, blending his expertise with business acumen to create an industry-defining enterprise.

Richard Chaifetz’s Other Ventures

Beyond ComPsych, Chaifetz has diversified his portfolio through real estate, private equity, and philanthropy. He owns the naming rights to Chaifetz Arena at Saint Louis University and invests in startups. His ventures reflect a focus on innovation, education, and community development, extending his influence beyond corporate success.

Richard Chaifetz’s Assets

Chaifetz’s assets include high-value real estate, stakes in multiple businesses, and a significant ownership share in ComPsych. He also holds investments in sports, technology, and healthcare sectors. His asset portfolio demonstrates a balanced mix of liquid holdings and long-term appreciating investments.

Richard Chaifetz’s Annual Income

While exact figures are private, Chaifetz’s annual income is estimated in the tens of millions, primarily from ComPsych’s profits, dividends, and investment returns. His diversified revenue streams ensure consistent growth, aligning with his reputation as a savvy businessman and investor.

Frequently Asked Questions about  Richard Chaifetz

What is Richard Chaifetz’s net worth?

Richard Chaifetz’s net worth is estimated to be in the hundreds of millions, primarily accumulated through his successful business ventures, including founding and leading ComPsych Corporation.

How did Richard Chaifetz make his money?

Richard Chaifetz built his wealth by founding ComPsych Corporation, the world’s largest provider of employee assistance programs, which he grew into a highly profitable enterprise.

Is Richard Chaifetz a self-made millionaire?

Yes, Richard Chaifetz is a self-made millionaire who started his career as a neuropsychologist before transitioning into entrepreneurship and building ComPsych from the ground up.

What is ComPsych Corporation?

ComPsych Corporation is a leading global provider of employee assistance programs, behavioral health, and wellness services, founded by Richard Chaifetz in 1984.

Has Richard Chaifetz been involved in philanthropy?

Yes, Richard Chaifetz is known for his philanthropic efforts, including significant donations to education, healthcare, and community development initiatives.

What other businesses is Richard Chaifetz involved in?

Beyond ComPsych, Richard Chaifetz has invested in real estate, sports franchises, and other ventures, further diversifying his wealth.

Did Richard Chaifetz sell ComPsych?

As of the latest information, Richard Chaifetz still owns and operates ComPsych Corporation, maintaining his role as Chairman and CEO.

What is Richard Chaifetz’s educational background?

Richard Chaifetz holds a Ph.D. in clinical psychology from Illinois Institute of Technology and a bachelor’s degree from the University of Illinois.

Has Richard Chaifetz received any notable awards?

Yes, Richard Chaifetz has been recognized with multiple awards for entrepreneurship, leadership, and philanthropy throughout his career.

Does Richard Chaifetz have any family members involved in his business?

While Richard Chaifetz has kept his family life relatively private, there is no widely known information about family members being directly involved in ComPsych or his other ventures.