He reportedly owns over 20 million shares in Facebook stock, making him a billionaire. Chad Richardson. The park is Morgan's Wonderland, located in San Antonio, Texas. To drive home the point of how employees inputting their own data boosts a company's bottom line, Paycom tallies up the number of changes in the database made by HR that employees should have done themselves. 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 quickly found the problems that were holding the HR industry back and had a clear vision to fix them. Paycom is currently No. }); Chad R. Richison has not been actively trading shares of Paycom Software in the last ninety days. You may change your billing preferences at any time in the Customer Center or call Chad Richison usually trades in May, with the busiest year in 2020. },false) "In order to be successful, you must have a growth mindset," he told IBD. "It has to be 100% accurate. 2000-2023 Investor's Business Daily, LLC. Learn More on Paycom Software's active insiders. } Billionaire tech entrepreneur Chad Richison, the founder and chief executive of payroll processor Paycom and one of Oklahoma's richest men, has paid a discounted $26.5 million for an idiosyncratic Malibu property that was originally listed at $57.5 million when it first appeared on the market, about 2.5 years ago. Paycom opened its new Texas operations center on May 10 at 3489 SH 121 in Grapevine. Mr. Boelte owns 260,773 shares of Paycom Software stock worth more than $84,164,486 as of February 13th. 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. Most recently he sold 9,611 units of PAYC stock worth $2,645,332 on 11 May 2022. . }); eventAction: 'view' He hasgiven away between 1% to 4.99% of his wealth, the outlet reported. You can see the complete history of Mr. Richison stock trades at the bottom of the page. All because he found out how to put all of a company's HR data on the internet in a single, easy-to-access database. (Paycom). He has made such an amount of wealth from his primary career as a Actor. There are no executives at Paycom Software Inc getting paid more. It's designed to be an amusement park of "total inclusion," where anyone, regardless of any special needs they might have. Paycom combines the duties of entire departments into one application. He is one of the longest-serving employees at Facebook. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! He left the firm in the mid-1980s to co-found The Blackstone Group, a company focused on acquisitions and mergers. We are delighted that you'd like to resume your subscription. He is also an advisor and venture partner at the venture capital firm Accel Partners. Learn More on Chad R. Richison's contact information. hitType: 'event', Jose Neves is a Portuguese billionaire and the founder of the global luxury fashion online platform Farfetch. eventCategory: event.slot.getSlotElementId(), Peninsula was one of the first investors in Baidu, China's version of Google. Dr. Xue Fang has her BA from Beijing University and a Ph.D. in Neuroscience from Princeton. The company was founded by Chad R. Richison in 1998 and is headquartered in Oklahoma City, OK. 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. Hard work is part of his story, too. Jason Clark, chairman of the Paycom board's compensation committee, told the WSJ that the award depends on Richison 'achieving aggressive performance goals.'. In 2019, he went on to be ranked as one of the top 100 CEOs nationally, even above Apple's Tim Cook. Paycom is headquartered in Oklahoma City, Oklahoma. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. So It Redesigned Its Iconic Can. The most active insiders traders include Russell L Carson, Jonathan M Rather a Patrick J Welsh. There are no executives at Paycom Software Inc getting paid more. The company has expanded to 20 cities across the country and sold more than 100,000 homes. Founder, president, CEO and chairman of Paycom, one of the fastest-growing U.S. software companies and a member of the IBD 50. Chad Richison is 49, he's been the Chairman of the Board, President, Chief Executive Officer, and Director of Paycom Software Inc since 2016. "Everywhere else in your life you have a direct relationship with a database except at work.". Learn More about Chad R. Richison's net worth. He originally had a two-year contract. In the last 2 years at Paycom Software, Inc, Chad Richison has sold an estimated value of $13.42M worth. The company disclosed the compensation package of the Oklahoma City billionaire in the annual proxy statement filed with the Securities and Exchange Commission last week. Dr. Yan Huo has a BS in Physics from Fudan University and an MA and Ph.D. in Electrical Engineering from Princeton. Since going public at 15 per share in April 2014, Paycom's stock soared more than 1,400% to roughly 230 a share. Adam Schrader For Dailymail.Com 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. Learn More about insider trades at Paycom Software. ga('ads.send', { Paycom Software's insider roster includes Craig Boelte (CFO), Jason Clark (Director), Jon Evans (COO), Holly Faurot (Insider), Robert Levenson (Director), Justin Long (EVP), Frederick Peters, II (Director), Chad Richison (CEO), Bradley Smith (Insider), J. C. Watts, Jr. (Director), and Jeffrey York (Insider). Overcame: Skepticism of early customers to. "If we do it with 99.99% accuracy, we get an F," Richison said. Insiders at Paycom Software own 15.2% of the company. Already a member? According to The Wall Street Journal, if he is awarded the shares, then the CEO could have close to $2B added to his personal wealth. 'Paycom's market value has jumped from $2 billion five years ago to $22.7 billion based on Monday's closing stock price,' the Wall Street Journal reported. 'This award is entirely dependent on Mr. Richison achieving aggressive performance goalswhich will generate tremendous value for our stockholders.'. And the company ran payroll for more than 23,500 clients nationwide by the end of 2018. In addition, he makes $21,138,600 as Chairman of the Board, President, Chief Executive . Mr. Richison owns 4,727,444 shares of Paycom Software stock worth more than $1,345,005,092 as of March 1st. The oldest executive at Paycom Software Inc is RobertLevenson, 78, who is the Independent Director. He received his bachelors degree in mass communicationsjournalism from the University of Central Oklahoma. He joined Microsoft in 1991. Chad Richardson Director of Sales at All Points Huntersville, North Carolina, United States 1 connection 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. 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. In total, Chad Richison has made about 6 transactions over 2 years of their time at Paycom Software, Inc. In early 2020, the organization was added to the prestigious S&P 500. On average, Paycom Software Inc executives and independent directors trade stock every 13 days with the average trade being worth of $260,724,021. Stephen Schwarzman rose through the ranks at Lehman Brothers becoming a managing director and then the Head of Global Acquisitions and Mergers. That's a lot of money doing a lot of good, and I think we can all agree we need more good in this world. if(document.querySelector("#adunit")){ How Will You Trade the Next Stock Market Swoon? Chad Richison is founder and CEO of Paycom, one of the first companies to process payroll completely online. Quote:"For me, it is not what has been built, but what's left to be built. He is also the founder of Green Shoe Foundation, a nonprofit that aims to improve people's mental health through counseling and therapy sessions. It has since attracted more than 200 billionaires across the world to its cause. 2023 Celebrity Net Worth / All Rights Reserved. In 2021, the company had annual revenue of $1.06 billion with a workforce of 5,385 employees. 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. Conway also invested in BuzzFeed, Digg, Facebook, Foursquare, Napster, Pinterest, and Twitter. 7 on the IBD 50, a watchlist of market-leading growth stocks. We are one of the worlds fastest growing }); Neves became a billionaire in September 2018, when Farfetch made its IPO on the New York Stock Exchange. Ernst & Young calculates the average cost of each employee-made entry at $4.39. 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. ga('ads.send', { pg.acq.push(function() { }); In the early days at Paycom, Richison remembers knocking on doors and making phone calls trying to land new clients. This chart shows Chad R. Richison's buying and selling at Paycom Software by year and by quarter. ", Get Ahead Of The Retention Game And Save Customers Before Losing Them, Embrace Challenges And Prepare For Obstacles To Achieve Success, Set 'Big, Hairy, Audacious' Goals Like George W. Merck Did, Get Full Access To IBD Stock Lists And Ratings. He co-founded Altos Computer Systems in 1999. 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. Richison's observation set his success in motion. } Mr. Richison was selected to serve on our Board of Directors based on the leadership skills, strategic guidance and experience he brings as our President and Chief Executive Officer and operational expertise from his prior experience in the industry. Paycom Software, Inc's most recent insider trade came on August 10, 2022 by Paycom has the ability to serve businesses of all sizes and in every industry. 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