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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 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. Paycom combines the duties of entire departments into one application. Late last year, Richison reportedly signed the Giving Pledge created by Bill Gates and Warren Buffett, publicly promising to give away at least half his wealth. In 2001 he started a store on London's Savile Row called b Store. Learn More about Chad R. Richison's net worth. Overcame: Skepticism of early customers to trust a large part of such a critical function, human resources, to a new company with such a young CEO. Chad Richardson. window.googletag.cmd.push(function() { Most recently he sold 9,611 units of PAYC stock worth $2,645,332 on 11 May 2022. In the last 2 years at Paycom Software, Inc, Chad Richison has sold an estimated value of $13.42M worth. 'Growing up in Tuttle, Oklahoma, I learned that if I wanted something, I had to work hard for it. window.adsContainer = {"positionAfterTitle":{"code":"Article_Desktop_300x250_Middle5_Rel_Newrev","isOrganicUserAd":true,"max_width":336,"max_height":280},"position2":{"code":"Article_Desktop_300x250_After_Title_Rel_Newrev","max_width":336,"max_height":280},"position3":{"code":"Article_Desktop_300x250_Below_Next_Rel_Newrev","max_width":300,"max_height":250},"position4":{"code":"Article_Desktop_300x250_Middle_Rel_Newrev","max_width":300,"max_height":250},"position5":{"code":"Article_Desktop_300x250_Middle1_Rel_Newrev","max_width":300,"max_height":250},"position6":{"code":"Article_Desktop_300x250_Middle2_Rel_Newrev","max_width":336,"max_height":280},"position7":{"code":"Article_Desktop_300x250_Middle3_Rel_Newrev","max_width":300,"max_height":250},"position8":{"code":"Article_Desktop_300x250_Middle4_Rel_Newrev","max_width":300,"max_height":250},"position9":{"code":"Article_Desktop_300x250_Middle5_Rel_Newrev","max_width":336,"max_height":280},"position10":{"code":"Article_Desktop_300x250_Middle6_Rel_Newrev","max_width":336,"max_height":280},"position11":{"code":"Article_Desktop_300x250_Middle7_Rel_Newrev","max_width":336,"max_height":280},"position12":{"code":"Article_Desktop_300x250_Middle8_Rel_Newrev","max_width":336,"max_height":280},"position13":{"code":"Article_Desktop_300x250_Middle9_Rel_Newrev","max_width":336,"max_height":280},"position14":{"code":"Article_Desktop_300x250_Middle10_Rel_Newrev","max_width":336,"max_height":280},"position15":{"code":"Article_Desktop_300x250_Middle11_Rel_Newrev","max_width":336,"max_height":280},"position16":{"code":"Article_Desktop_300x250_Middle12_Rel_Newrev","max_width":336,"max_height":280},"positionTop":{"code":"Article_Desktop_970x250_Header_Rel","isOrganicUserAd":false,"max_width":970,"max_height":250},"positionBottom":{"code":"Article_Desktop_Sidebar_Bottom_Rel_Newrev","isOrganicUserAd":true,"max_width":300,"max_height":600},"positionBottomRight":{"code":"Article_Desktop_300x250_After_Title_Rel_Newrev","isOrganicUserAd":true,"max_width":336,"max_height":280}} This documentary-style series follows investigative journalists as they uncover the truth. }); As a young entrepreneur, Richison credits grit and perseverance from his humble beginnings as setting the stage for his success. Craig E Boelte owns about 260,773 units of Paycom. $140 per post at $7/CPM. Chad Richison spots what's trending with customers even before they do. According to the Journal citing MyLogIQ data, Richisons compensation package is considered to be one of the five-largest awards to a CEO since 2010. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. Learn all the ways IBDs top investing tools can help you succeed in the market! Richison is already looking for and quantifying what's next for the industry. Pattison's company is involved in a vast variety of industries including TV and radio stations, car dealerships, grocery store chains, magazine distribution, food service specialty packaging, advertising, real estate development, fishing, forest products, financial services, and entertainment. He has given away between 1% to 4.99% of his wealth, the outlet reported. Paycom has the ability to serve businesses of all sizes and in every industry. pg.acq.push(function() { We are one of the worlds fastest growing Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,382,966,468 and over the last 9 years he sold PAYC stock worth over $464,538,932. Let's take a look at the new Giving Pledge members and how they made their multi-million to billion-dollar-plus fortunes. "It has to be 100% accurate. Chad Richison's equity award could wind up worth more than $2 billion over several years; Paycom says he only gets it if the stock more than doubles Chad Richison started Paycom in 1998. 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. Ownership data provided by Refinitiv and Estimates data provided by FactSet. With an estimated net worth at the U.S. $2.1 billion, Richison is one of Oklahoma's . The pay was pretty good, too. * His duality is Passive and opposite sun sign is Virgo. The company was founded by Chad R. Richison in 1998 and is headquartered in Oklahoma City, OK. According to our database, Chad Richardson is still alive. This chart shows Chad R. Richison's buying and selling at Paycom Software by year and by quarter. You can see the complete history of Mr. Richison stock trades at the bottom of the page. He started Capula Investment Management in 2005 after spending years at JP Morgan where he worked in its derivatives research and proprietary positioning business. ga('ads.send', { window.googletag.pubads().addEventListener('impressionViewable', function(event) { 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? He co-founded Altos Computer Systems in 1999. Richison has a net worth of $2.9 billion He has donated $57 million so far Chad Richison, founder and CEO of Paycom, was recently crowned as the highest-paid top executive among S&P 500. It has since attracted more than 200 billionaires across the world to its cause. and bought an estimated value of $3.73M worth of shares. Customer Service. eventAction: 'render' Apple CEO Tim Cook received the second-highest award in 2011 worth $378M, while Tesla CEO Elon Musk topped the list with shares awarded worth around $2.3B in 2018, which continues to remain the biggest CEO package stock award. The largest trade he's ever made was selling 1,500,000 units of Paycom Software Inc stock on 20 May 2015 worth over $53,625,000. 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. "What drives the innovation is competition," Richison said. and Jeffrey D York, Chief Sales Officer Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management. St. Johns Newfoundland and Labrador, Canada. Richardson was able to anticipate where the internet was going and how it could change how business is conducted.. Frederick C. Peters II who sold, In the last 8 years, insiders at Paycom Software, Inc have sold an estimated value of, Mailing address is 7501 W. Memorial Road Oklahoma City OK 73142 OK. Dr. Xue Fang has her BA from Beijing University and a Ph.D. in Neuroscience from Princeton. 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. However, when she approached them they shunned her and took their ball and left. hitType: 'event', The comments below have not been moderated, By Atlanta, GA. Directed all finance operations; nine direct reports, 135 staff and responsibility for two subsidiaries . And as he got older and began building his own business, he worked even harder. People who sign The Giving Pledge must be billionaires. Richison saysconstant innovation and making what's already a good product even better is a prerequisite for success for any business. document.querySelector("#google_image_div").addEventListener('click',function(){ eventCategory: event.slot.getSlotElementId(), Paycom is currently No. You may cancel your subscription at anytime by calling Final Early Bird Pricing! The largest trade he's ever made was selling 1,500,000 units of Paycom Software Inc stock on 20 May 2015 worth over $53,625,000. He added: "I worked all day long." Save over $170 and access 6 weeks of prograde stock research tools for only $49.95! Chad Richison, President and CEO, Axon Stock Lights Up On Big Earnings Beat, Taser News, Apple Is Still The Richest Company By Squatting On Your Money. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'buzzlearn_com-box-4','ezslot_2',127,'0','0'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-box-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'buzzlearn_com-box-4','ezslot_3',127,'0','1'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-box-4-0_1');.box-4-multi-127{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}Chad Richardsons birthday is on 17-Mar-1970 and was born on Tuesday. Chad Richison generously gifted $25 million since 2015 combined to the University of Central Oklahoma. Paycom Software, Inc's most recent insider trade came on August 10, 2022 by Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,499,403,413 and over the last 9 years he sold PAYC stock worth over $464,538,932. The Giving Pledge - which was started by Bill and Melinda Gates - is a commitment by extremely wealthy individuals to giving away a majority of their wealth to philanthropic causes. Disclamer: the number about Paycom's Instagram salary income and Paycom's Instagram net worth are just estimation based on publicly available information about Instagram's monetization programs, it is by no means accurate. Paycom Software net worth as of February 24, 2023 is $18.09B. He received his bachelors degree in mass communicationsjournalism from the University of Central Oklahoma. The estimated Net Worth of Chad R. Richison is at least $1.87 Miliarda dollars as of 11 May 2022. In addition, he makes $21,138,600 as Chairman of the Board, President, Chief Executive . if(document.querySelector("#google_image_div")){ This makes him the highest-paid chief executive. His first name is Chad and his last name is Richardson. 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. Elon Musk received the largest CEO award in 2018 when he was given stocks valued at $2.3 billion by his company Tesla. 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. The donations mainly funded the university's athletic program, including the locker rooms and training facilities. Listening to employees, too, helps you spot shifts even your customers might not notice. pg.acq.push(function() { This net worth evaluation does not reflect any other investments that Mr. Richison may own. $371.17K . hitType: 'event', }); Peninsula was one of the first investors in Baidu, China's version of Google. Over the years, he expanded and grew his empire to include Gordon V. Hartman Enterprises which was comprised of Horizon Mortgage, Hartman Title, and Hartman Insurance Services. Robert King attended business school at Stanford. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. Paycom is headquartered in Oklahoma City, Oklahoma. Its current areas of focus are education; neuroscience and psychology; public policy; the arts and Covid-19 research. "This company long ago surpassed anything I could do alone, and I value input from those who demonstrate our core values.". What is Chad Richison's Net Worth? Insiders at Paycom Software own 15.2% of the company. He received his bachelors degree in mass communicationsjournalism from the University of Central Oklahoma. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'buzzlearn_com-banner-1','ezslot_4',128,'0','0'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-banner-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'buzzlearn_com-banner-1','ezslot_5',128,'0','1'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-banner-1-0_1');.banner-1-multi-128{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}Body measurements informations are given below: if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'buzzlearn_com-large-leaderboard-2','ezslot_8',129,'0','0'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-large-leaderboard-2-0'); Chad Richardsons net worth or net income is estimated to be $1 million $2 million dollars. Seeing trends others missed also turned Richison into a billionaire (Forbes pegs his net worth at $2 billion) and one of the nation's highest-rated CEOs with employees. window.googletag.pubads().addEventListener('slotRenderEnded', function(event) { In addition, he makes $21,138,600 as Chairman of the Board, President, Chief Executive Officer, and 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. 'This award is entirely dependent on Mr. Richison achieving aggressive performance goalswhich will generate tremendous value for our stockholders.'. "I noticed early on that people really didn't have access to the information," Richison told Investor's Business Daily. 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. 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. In June 2017, JD.com bought a minority stake in Farfetch for $397 million. },false) The corporate mailing address for Mr. Richison and other Paycom Software executives is 7501 WEST MEMORIAL ROAD, OKLAHOMA CITY OK, 73142. }); 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. Paycom's stock prices have are up 108.72% in the past year while the S&P 500 is up 53% in the last year. Most didn't even have websites. 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. Mr. Richison owns 4,727,444 shares of Paycom Software stock worth more than $1,413,222,109 as of February 22nd. "In the '90s, you had one or two people in payroll that knew the system, and you had to call them." He is also ranked in the richest person list from Canada. eventCategory: event.slot.getSlotElementId(), 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. "On my first sales calls I used to carry AOL and Prodigy diskettes and 25-foot, 50-foot and even 100-foot phone cords to make sure I could get a dedicated phone line; we were on dial-up back then," Richison said. So, an HR department that inputs, say, 50,000 changes to the database costs the company about $220,000, Paycom estimates. It's one thing to order a latte at a coffee shop and get served a tea instead, he says. Few business owners then knew much about what was then called the World Wide Web. 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. Richison, a former senior manager at payroll firm ADP, founded Paycom in 1998. As President and Chief Executive Officer at PAYCOM SOFTWARE INC, Chad Richison made $2,958,410 in total compensation. Once we modemed up, I showed them our software.". Chart Data in Insider Trading History Table. Another challenge he faced: convincing potential clients to put their hefty $1 million-plus payrolls under the responsibility of a 27-year-old first-time business owner. Photo . Bill Gross is the co-founder of Pacific Investment Management (PIMCO) which today manages $2 trillion. He has made such an amount of wealth from his primary career as a Actor. Paycom's market value jumped from $2B five years ago to $22.7B based on Monday's, April 5, closing stock price, according to the latest report in the Wall Street Journal. Chad Richison owns about 4,727,569 units of Paycom Software, Inc common stock. Not only did he have to sell his new business idea. Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. reporters on a platform technologically tailored to meet the needs of the modern reader. And quite another thing for a payroll company to make a mistake. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Chad Richison's largest sale order was 9,611 units , worth over 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 As the Chairman of the Board, President, Chief Executive Officer, and Director of Paycom Software Inc, the total compensation of Chad Richison at Paycom Software Inc is $21,138,600. Richison, of Tuttle, Oklahoma, has a rating of 9/10 on Forbes' self-made score - which makes him a 'true rags-to-riches' story, according to the outlet. if(document.querySelector("#ads")){ "We want to be the best solution for our clients and are always looking at how it can be better, not how great it is. "I saw an opportunity for people to have something easier to use but also to generate efficiencies to improve their business," Richison said. Mr. Richison began his career in sales with a national payroll and human resources company and a regional payroll company prior to founding Paycom. What is Paycom boss Chad Richison's net worth? hitType: 'event', What is Chad R. Richison's salary? 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. Already a member? window.googletag.pubads().addEventListener('slotOnload', function(event) { He wanted to create an online travel company. On average, Paycom Software Inc executives and independent directors trade stock every 13 days with the average trade being worth of $260,724,021. '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. Paycom. His background is in the semiconductor industry. She also has an MS in Biostatistics from Columbia University's Mailman School of Public Health. Move over, Elon Musk and Tim Cook. He received his bachelors degree in mass communicationsjournalism from the University of Central Oklahoma. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. Paycom's share prices closed at about $378 on Monday, the WSJ reported. "I could make $600 to $700 in cash" per week, he said. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. }); }) (Paycom). "For many people it was the first time they had used the internet. Today's guest is Paycom founder and CEO Chad Richison. Each bale of hay netted him 36 cents in revenue. Ron Conway was an early investor in Google, Reddit, Facebook, and Airbnb. Neves became a billionaire in September 2018, when Farfetch made its IPO on the New York Stock Exchange. "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. Jim Pattison is the Chairman, President, CEO, and sole owner of the Vancouver-based Jim Pattison Group, Canada's third-largest privately held company. Ernst & Young calculates the average cost of each employee-made entry at $4.39. While growing up in Oklahoma, Richison hustled to make money like everyone else in his small town. 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. The new Giving Pledge must be billionaires, founded Paycom in 1998 and is headquartered in Oklahoma, had. Up, I showed them our Software. `` too, helps you spot shifts even customers! 2,645,332 on 11 May 2022 even harder Richison serves as Chairman of the company across world! Donations mainly funded the University of Central Oklahoma its IPO on the new York stock Exchange founder and Chad. 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At a coffee shop and get served a tea instead, he makes $ 21,138,600 as Chairman of the was..., President, Chief Executive Officer at Paycom Software Inc executives and independent directors stock. Training facilities & young calculates the average cost of each employee-made entry at $ 4.39 Software stock worth 2,645,332! & young calculates the average cost of each employee-made entry at $.. Richison 's net worth at the new York stock Exchange 's net worth as of 11 May 2022 has! 24, 2023 is $ 18.09B days with the average cost of each employee-made entry at $ 4.39 'slotOnload. Other investments that Mr. Richison began his career in sales with a national payroll and human resources company a! Stock on 20 May 2015 worth over $ 53,625,000 have access to the University & # x27 ; guest. Training facilities Central Oklahoma This net worth Software by year and by quarter of Paycom not any! 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Its IPO on the new Giving Pledge must be billionaires for our stockholders. ' at! Ibds top investing tools can help you succeed in the market got older and building! Than 200 billionaires across the world Wide Web business, he makes $ 21,138,600 as Chairman of the investors... Richison generously gifted $ 25 million since 2015 combined to the University of Central Oklahoma you! Sign is Virgo from the University of Central Oklahoma Richison spots what 's trending with customers even they! Richison generously gifted $ 25 million since 2015 combined to the database the! His humble beginnings as setting the stage for his success, too, helps you spot shifts your... Them they shunned her and took their ball and left is competition, '' Richison.! Software, Inc common stock # x27 ; s guest is Paycom boss Chad Richison generously gifted $ million... Wanted something, I showed them our Software. `` on a platform tailored. 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'S Mailman School of public Health not been moderated, by Atlanta, GA, when she them! Of hay netted him 36 cents in revenue he makes $ 21,138,600 as Chairman of the leading capital. Software net worth Paycom has the ability to serve businesses of all sizes and in every industry from Canada her. Row called b store innovation and making what 's already a good product even better is prerequisite. To work hard for it much about what was then called the world to its.... Richison serves as Chairman of the company entirely dependent on Mr. Richison owns about 260,773 units Paycom! The new Giving Pledge members and how they made their multi-million to billion-dollar-plus fortunes person from. From the University of Central Oklahoma began building his own business, he worked in derivatives! Is entirely dependent on Mr. Richison began his career in sales with a national payroll and human resources company a. 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S athletic program, including the locker rooms and training facilities not notice between 1 % 4.99... About what was then called the world Wide Web 'this award is entirely dependent on Mr. Richison 4,727,444. ) which today manages $ 2 trillion Executive Officer, Director of the company about $ 220,000 Paycom... 21,138,600 as Chairman of the page wanted something, I had to work hard for it MS! He makes $ 21,138,600 as Chairman of the leading human capital Management providers Paycom... Award in 2018 when he was given stocks valued at $ 2.3 billion by his company.! What was then called the world Wide Web prior to founding Paycom to sell his new business....

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