TOM GOLISANO • Net Worth $5.7 billion • House • Yacht • Private Jet • Paychex

Name:Tom Golisano
Net Worth:$5.7 billion
Source of Wealth:PayChex
Born:November 14, 1941
Wife:Monica Seles
Children:Steven Golisano, Cynthia Golisano
Residence:Rochester, New York, USA
Private Jet:Gulfstream G-V (N54TG)

Who is Tom Golisano?

Tom Golisano stands as a beacon of entrepreneurial success and philanthropic goodwill. Born in November 1941, Golisano’s legacy includes founding the billion-dollar company Paychex, owning major sports teams, running for the Governor of New York, and donating millions to charitable causes. He is married to former professional tennis player Monica Seles, and has two children, Steven Golisano and Cynthia Golisano, from his previous marriage to Gloria.

Key Takeaways:

  • Tom Golisano, born in 1941, is the founder of Paychex and a notable philanthropist, with a net worth of $5.7 billion.
  • He started Paychex in 1971 with a capital of $3,000, aiming to make payroll outsourcing simpler and more affordable for small businesses.
  • As a sports enthusiast, Golisano once owned the Buffalo Sabres hockey team and the Buffalo Bandits lacrosse team before selling them to Terrence Pegula.
  • Through the B. Thomas Golisano Foundation, he has donated over $250 million, including more than $30 million to the Golisano Children’s Hospital at the University of Rochester Medical Center.
  • Despite Paychex being a publicly-traded company, Golisano still owns 40 million shares, representing 10% of the company’s equity, which are worth about $5 billion.
  • He is the owner of the LAUREL yacht.

Paychex: Revolutionizing Payroll for Small Businesses

In 1971, with a start-up capital of just US$ 3,000, Golisano founded Paychex, a provider of payroll, human resource, and benefits outsourcing services. Golisano’s vision was to make payroll outsourcing simple and affordable for small businesses, specifically those employing fewer than 100 individuals.

Today, Paychex is a powerhouse in its field, boasting revenues of US$ 3.4 billion and an operating income of US$ 1.2 billion. With a dedicated team of 12,000 employees, the company operates debt-free, testament to Golisano’s excellent business acumen.

Golisano’s Involvement in Sports

A passionate sports enthusiast, Golisano once owned the Buffalo Sabres hockey team and the Buffalo Bandits lacrosse team. Later, he sold both franchises to Terrence Pegula, who is also the owner of the yacht Top Five.

Tom Golisano’s Impressive Net Worth

As of today, Golisano’s net worth is estimated at $5.7 billion. While Paychex is a publicly-traded company, Golisano retains a significant stake, owning 40 million shares. This constitutes 10% of the company’s equity, which translates to a worth of about $5 billion.

Philanthropy: Giving Back to the Community

Beyond his successful business ventures, Golisano is an ardent philanthropist, chiefly through the B. Thomas Golisano Foundation which he established in 1985. Over the years, Golisano and his foundation have generously donated more than US$ 250 million.

His philanthropic activities are widespread but notably, he has donated over US$ 30 million to the Golisano Children’s Hospital at the University of Rochester Medical Center. In fact, three hospitals are financially supported by, and named after, Tom Golisano, underlining his commitment to healthcare causes.

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Tom Golisano

Tom Golisano


Monica Seles

Monica Seles is a retired professional tennis player, who represented Yugoslavia and the United States. She was born in 1973.

She has more than 50 career titles, including Ranking No 1 at the WTA 1991.

Seles was the top-ranked women’s player heading into 1993, having won the French Open for three consecutive years and both the US Open and Australian Open in consecutive years.

On April 30 1993 during a quarterfinal match with Magdalena Maleeva in Hamburg in which Seles was leading. Günter Parche, an obsessed fan of Steffi Graf, ran from the middle of the crowd to the edge of the court during a break between games. And stabbed Seles with a boning knife between her shoulder blades. To a depth of 1.5 cm (0.59 inches). She was quickly taken to a hospital. Although her physical injuries took only a few weeks to heal. She did not return to competitive tennis for more than two years.

She married Tom Golisano in 2014.


Yacht Laurel

He is the owner of the yacht Laurel, which was built for Charles Berwind. Charles son James Berwind now owns the yacht Scout.

The Laurel yacht, constructed in 2006 by Delta Marine, was for many years the largest private yacht built in the United States.

Originally owned by Charles Berwind of the Berwind Corporation, the yacht was bought by Tom Golisano, founder of Paychex, for $50 million in 2010.

The luxury yacht Laurel can accommodate 12 guests and a crew of 22, with interior and exterior design by Donald Starkey.

Powered by two Caterpillar engines, the yacht can reach a top speed of 18 knots and has a cruising range of 6,000 miles at 13 knots.