Steve Sarowitz Net Worth (Updated 2025).

Steve Sarowitz, a name now synonymous with innovation and entrepreneurship, began his career in the tech industry in the late 1990s. Born and raised in New York, Sarowitz’s fascination with computers and programming started at an early age, leading him to pursue a degree in Computer Science from the prestigious Cornell University. Upon graduation, he landed his first job at a small software startup, where he honed his skills and gained valuable experience in the dynamic world of tech.

Steve Sarowitz’s Current Net Worth (2025)

As of 2025, Steve Sarowitz’s current net worth is estimated to be approximately $2 billion. This significant wealth is primarily attributed to his successful career in the tech industry and his entrepreneurial ventures.

Career

Steve Sarowitz is a prominent figure in the tech industry, known for co-founding the company that became Paylocity, a leading provider of cloud-based HR and payroll software. He served as the CEO from 1997 until 2012, guiding the company through its initial public offering in 2014. His strategic leadership played a pivotal role in Paylocity’s growth and success.

Other Ventures

Beyond Paylocity, Sarowitz has been involved in various other ventures. He is a venture capitalist, investing in and mentoring early-stage tech startups through his firm, Sarowitz Ventures. He also co-founded and serves on the board of directors for another HR technology company, Human Capital Management (HCM) software.

Assets

Sarowitz’s assets include a substantial stake in Paylocity, which he acquired through his years of service at the company. He also holds investments in various tech startups and real estate properties. Notably, he owns a luxurious home in Chicago, Illinois, valued at around $4 million.

Annual Income

As a successful entrepreneur and venture capitalist, Steve Sarowitz’s annual income is significant. While the exact figure can vary year to year, it is estimated to be in the tens of millions of dollars. This income is derived from his investments, dividends, and his continued involvement in the tech industry.

Frequently Asked Questions about  Steve Sarowitz

Steve Sarowitz Net Worth FAQs

1. What is Steve Sarowitz’s net worth?

Steve Sarowitz’s net worth is estimated to be around $500 million.

2. How did Steve Sarowitz make his fortune?

Steve Sarowitz made his fortune as the co-founder and CEO of Paylocity, a cloud-based software company that provides payroll and human capital management solutions.

3. When was Paylocity founded?

Paylocity was founded in 1997.

4. When did Steve Sarowitz start serving as CEO of Paylocity?

Steve Sarowitz has been serving as the CEO of Paylocity since its founding in 1997.

5. What is Steve Sarowitz’s role in Paylocity besides being the CEO?

Steve Sarowitz is also the Chairman of the Board at Paylocity.

6. When did Paylocity go public?

Paylocity went public in 2014.

7. What is Steve Sarowitz’s educational background?

Steve Sarowitz graduated from the University of Illinois at Urbana-Champaign with a Bachelor of Science degree in Finance.

8. Has Steve Sarowitz received any awards or recognitions?

Yes, Steve Sarowitz has been recognized as an Entrepreneur Of The Year by Ernst & Young and has also been inducted into the Chicago Area Entrepreneurship Hall of Fame.

9. What is Steve Sarowitz’s philanthropic work like?

Steve Sarowitz and his wife, Nancy, established the Sarowitz Family Foundation, which supports various charitable causes, including education, health, and community development.

10. Does Steve Sarowitz have any siblings?

Yes, Steve Sarowitz has a brother named David, who is also a co-founder and serves as the Chief Technology Officer at Paylocity.