It has since attracted more than 200 billionaires across the world to its cause. eventAction: 'render' Get notified the next time Chad R. Richison buys or sells Paycom Software stock. This net worth evaluation does not reflect any other investments that Mr. Richison may own. He left the firm in the mid-1980s to co-found The Blackstone Group, a company focused on acquisitions and mergers. hitType: 'event', Paycom. pg.acq.push(function() { The most active insiders traders include Russell L Carson, Jonathan M Rather, and Patrick J Welsh. Learn More about Chad R. Richison's net worth. 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, it has been revealed. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. Chad Richison has been working as a President, Chief Executive Officer & Director at Paycom for 25 years. Axon Stock Lights Up On Big Earnings Beat, Taser News, Apple Is Still The Richest Company By Squatting On Your Money. Conway also invested in BuzzFeed, Digg, Facebook, Foursquare, Napster, Pinterest, and Twitter. Chad Richison is 49, he's been the Chairman of the Board, President, Chief Executive Officer, and Director of Paycom Software Inc since 2016. Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. 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. Once we modemed up, I showed them our software.". As of 11 May 2022 he still owns at least 4,727,444 units of Paycom Software Inc stock. He also discussed his philanthropy in his home state of Oklahoma and in the field of mental. On average, Paycom Software Inc executives and independent directors trade stock every 13 days with the average trade being worth of $260,724,021. He still runs the company today as CEO, and his skin is very much in the game: he owns 13.2% of shares outstanding a sum worth about $370 million. Atlanta Journal-Constitution. The current estimated net worth of Paycom Software, Inc's Chief Financial Officer, Craig E Boelte, is estimated to be about $192.19M . 11/20/2020 9:23 PM. How Will You Trade the Next Stock Market Swoon? Chad Richardson's net worth or net income is estimated to be $1 million - $2 million dollars. There are no executives at Paycom Software Inc getting paid more. Expedia was the result of Barton's idea. While growing up in Oklahoma, Richison hustled to make money like everyone else in his small town. On average, Chad trades about 100,284 units every 63 days since 2014. Craig E Boelte owns about 260,773 units of Paycom. Before founding one of the nation's fastest-growing software companies and becoming a billionaire, Richison learned the value of zeroing in on what's trending in business. He has his BA from Duke, is a veteran of the Navy, and has his MBA from UCLA. if(document.querySelector("#adunit")){ His award of restricted shares could eventually add more than $2 billion to his fortune in the next 10 years and is estimated to be worth a number closer to $702 million, according to a calculation by ISS ESG, the Wall Street Journal reported. Paycom Software Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. [2] . Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. Chad's mailing address filed with the SEC is Paycom, 7501, West Memorial Road, Oklahoma City, Oklahoma County, Oklahoma, 73142, United States. The Oklahoma City billionaire last year was awarded compensation valued at $211 million by Paycom, the company disclosed in the annual proxy statement it filed with the Securities and Exchange Commission last week. Construction began in 2007 and took three years to complete, and now The Gordon Hartman Family Foundation has also been able to add a $17 million water park to the complex, called Morgan's Inspiration Island. Salesforce Soars Late On Earnings, Guidance, Buyback, Dow Jones Futures Fall, AI Arms Race Intensifies; Fortinet, Enphase, Uber Jump On Earnings, Paycom Software Earns Composite Rating Upgrade, Stock Upgrades: Paycom Software Shows Rising Relative Strength, Shopify Stock Sees Relative Strength Rating Jump To 84, Paycom Earnings, Revenue Top Estimates Amid Interest Rate Boost, Dow Jones Falls Ahead Of Fed Decision, Powell Comments; AMD Rallies On Earnings, Dow Jones Futures: Stock Market Rally Awaits Fed Pivot Signals; AMD, Devon Move On Earnings. He joined Microsoft in 1991. Most didn't even have websites. Dr. Xue Fang has her BA from Beijing University and a Ph.D. in Neuroscience from Princeton. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Learn More on Chad R. Richison's contact information. Hard work is part of his story, too. 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. He has served as President and Chief Executive Officer since he founded Paycom in 1998. The award honors business leaders who demonstrate great leadership and dedication to their companies and communities. At just age 27, the Oklahoma native founded Paycom in 1998, one of the nation's first 100% web-based payroll companies. The company went public in 2014 and its share prices have surged over the past year and has outperformed the S&P 500. ga('ads.send', { In addition to that, Richison was awarded 1.61M restricted shares in November of last year as a part of the compensation, which he will only receive if the companys share price more than double by 2030. Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,438,372,111 and over the last 9 years he sold PAYC stock worth over $464,538,932. "I could make $600 to $700 in cash" per week, he said. What is Craig E. Boelte's salary? Enter your email address below to get our daily insider buying and selling report. What is Chad R. Richison's salary? One bright spot, though, is The Giving Pledge and its new members. On average, Chad trades about 100,284 units every 63 days since 2014. Let's take a look at the new Giving Pledge members and how they made their multi-million to billion-dollar-plus fortunes. ", 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. Get market updates, educational videos, webinars, and stock analysis. The oldest executive at Paycom Software Inc is RobertLevenson, 78, who is the Independent Director. hitType: 'event', Mr. Richison owns 4,727,444 shares of Paycom Software stock worth more than $1,413,222,109 as of February 22nd. Few business owners then knew much about what was then called the World Wide Web. The online payroll and human resource technology provider based in Oklahoma City revealed that it awarded Richison $211M in compensation in 2020. Who is Paycom boss Chad Richison's wife Charis? Dorothy King also helped launch R. Eliot King & Company. On many days, Richison the innovator had to quickly morph into Richison the salesman. His 2020 compensation package makes Richison the highest-paid CEO in the S&P 500 based on disclosures so far, according to research firm MyLogIQ. "For many people it was the first time they had used the internet. 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. This net worth approximation does not reflect any other assets that Mr. Boelte may own. Overcame: Skepticism of early customers to. Sign In. Richison, now worth $3.4 billion, told Forbes that he has just signed on to the Giving Pledge. pg.acq.push(function() { Elon Musk received the largest CEO award in 2018 when he was given stocks valued at $2.3 billion by his company Tesla. Jim Pattison is the Chairman, President, CEO, and sole owner of the Vancouver-based Jim Pattison Group, Canada's third-largest privately held company. 7 on the IBD 50, a watchlist of market-leading growth stocks. He co-founded Altos Computer Systems in 1999. Submit a correction suggestion and help us fix it. Bill Gross is the co-founder of Pacific Investment Management (PIMCO) which today manages $2 trillion. Paycom opened its new Texas operations center on May 10 at 3489 SH 121 in Grapevine. Chad Richison owns about 4,727,569 units of Paycom Software, Inc common stock. Her $1M donation provided for Oklahoma City students in pandemic, What is Simon Cowell's net worth? Today's guest is Paycom founder and CEO Chad Richison. He has given away between 1% to 4.99% of his wealth, the outlet reported. Realtime quote and/or trade prices are not sourced from all markets. In 2001 he started a store on London's Savile Row called b Store. Paycom Software Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Learn More on Chad R. Richison's trading history. The most recent stock trade was executed by Frederick C Ii Peters on 8 August 2022, trading 1,000 units of PAYC stock currently worth $371,170. Paycom made Glassdoor's 2019 list of "Best Places to Work." Learn More on Chad R. Richison's salary. He has had success with his investments in Google, Ask Jeeves, and PayPal. The New York Times reported last week that his earnings in 2020 were the most among all CEOs, about four times as much as most others who cracked the Top 10. Over the last 9 years, insiders at Paycom Software Inc have traded over $7,756,882,626 worth of Paycom Software Inc stock and bought 141,120 units worth $3,728,353 There are no executives at Paycom Software Inc getting paid more. There are no executives at Paycom Software Inc getting paid more. Inside highest paid CEO's $211M package and philanthropy work. As the CEO of Paycom Software, Inc., Mr. Richison earned a total compensation package of $2,958,410.00 in 2021. Chad R. Richison has not been actively trading shares of Paycom Software in the last ninety days. Paycom. $371.17K . This net worth evaluation does not reflect any other investments that Mr. Richison may own. reporters on a platform technologically tailored to meet the needs of the modern reader. In addition, he makes $21,138,600 as Chairman of the Board, President, Chief Executive Officer a Director at Paycom Software Inc. Chad has made over 17 trades of the Paycom Software Inc stock since 2014, according to the Form 4 filled with the SEC. },false) 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. Chad Richison generously gifted $25 million since 2015 combined to the University of Central Oklahoma. That was at times a big hurdle, he says. }) This chart shows Chad R. Richison's buying and selling at Paycom Software by year and by quarter. Chad Richison has served as President and Chief Executive Officer since he founded Paycom in 1998. Gross is one of the most well-known financial managers in the world. Each bale of hay netted him 36 cents in revenue. "In the '90s, you had one or two people in payroll that knew the system, and you had to call them." Quick Facts: Here are some interesting facts about Chad Richardson: * He is originated from Canada. },false) Chad Richison's Keys Founder, president, CEO and chairman of Paycom, one of the fastest-growing U.S. software companies and a member of the IBD 50. eventCategory: event.slot.getSlotElementId(), He added: "I worked all day long." Chad Richison usually trades in May, with the busiest year in 2020. Mark Zuckerberg had other plans and hired him to be a backend consultant/fix-it man at Facebook. "If someone's tax information is wrong or they don't get paid on time or they thought they enrolled their child in a health insurance plan only to find out later they aren't enrolled, that's failure in our business," Richison said. Tim Cook of Apple received the second largest award worth$378 million in 2011 andAlphabet Inc.'s Sundar Pichai receiveda package worth $280.6 million from Google's parent company in 2019. ga('ads.send', { "No one calls a bank anymore to void a check or transfer money, and we don't email an airline to buy a plane ticket or book a table for dinner over the phone," Richison said. $ + tax Barton then launched Zillow in 2006 and Glassdoor in 2008. Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. There had to be a better way. In the last 8 years, insiders at Paycom Software, Inc have sold an estimated value of $7.88B Chad Richardson founded the Oklahoma-based payroll system Paycom in 1998. The compensation package is one of the five largest awards to a CEO since at least 2010,MyLogIQ data shows - according to the Wall Street Journal. Chad Richison is an American entrepreneur who has served as President and Chief Executive Officer of Paycom since its founding. He became known for his abilities to identify and exploit inefficiencies in markets and adjusting his strategies as PIMCO grew. BREAKING: Tiny biotech successfully treats blindness. if(document.querySelector("#ads")){ Richardson was able to anticipate where the internet was going and how it could change how business is conducted. Paycom Software, Inc. engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. So It Redesigned Its Iconic Can. }); 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. Richison, a former senior manager at payroll firm ADP, founded Paycom in 1998. Inside his million dollar fortune, Syco Music earnings and lavish homes. He quickly found the problems that were holding the HR industry back and had a clear vision to fix them. }) and bought an estimated value of $3.73M worth of shares. Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. 'This award is entirely dependent on Mr. Richison achieving aggressive performance goalswhich will generate tremendous value for our stockholders.'. 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). The estimated Net Worth of Chad R. Richison is at least $1.87 Miliarda dollars as of 11 May 2022. Atlanta, GA. Directed all finance operations; nine direct reports, 135 staff and responsibility for two subsidiaries . St. Johns Newfoundland and Labrador, Canada. 2000-2023 Investor's Business Daily, LLC. Notifications can be turned off anytime from browser settings. There are 13 older and no younger executives at Paycom Software Inc. Richison, 48, took a job after college in the mid-90s with an entrenched payroll and human resources company. document.querySelector("#ads").addEventListener('click',function(){ But the good news is, if China invades Taiwan, there is a way to protect yourself. Quote:"For me, it is not what has been built, but what's left to be built. Already a member? ga('ads.send', { With an estimated net worth at the U.S. $2.1 billion, Richison is one of Oklahoma's . Worse, it was far from user-friendly. The most active traders at the company are In the early days at Paycom, Richison remembers knocking on doors and making phone calls trying to land new clients. There is a new name breaking into the list of the highest-paid chief executives: Chad Richison, the founder and CEO of payroll processor Paycom Software Inc. and the man everyone runs to when something goes very wrong with the site. The estimated net worth of Craig E. Boelte is at least $84.16 million as of May 11th, 2022. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. It's a skill you can learn, too. }); Richardson was the highest-paid CEO in the United States in 2020, earning $211.13 million from Paycom as part of a ten-year performance contract. As the Chairman of the Board, President, Chief Executive Officer a Director of Paycom Software Inc, the total compensation of Chad Richison at Paycom Software Inc is $21,138,600. 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. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! As of 11 May 2022 he still owns at least 4,727,444 units of Paycom Software Inc stock. Chad Richison Net Worth The estimated Net Worth of Chad R. Richison is at least Paycom Software Inc stock worth over $1,366,231,316 and over . 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. eventAction: 'click_adunit' 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. The donations mainly funded the university's athletic program, including the locker rooms and training facilities. 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