David Richison began a payroll processing company in the 1990s in Oklahoma with his niece and nephew, Shannon and Chad Richison. By clicking Sign up, you agree to receive marketing emails from Insider Buyers, Regulator Censures Credit Suisse For Greensill Blunders, Canned Shrimp Product Sold In 4 States Recalled Over Possible Health Risk, Tesla To Invest About $5 Billion In Mexico Plant: Government, Here's How 'Shark Tank' Judge Barbara Corcoran Made $1 Million In One Day, Chad Richison was the highest-paid top executive last year. The native Oklahomans startup is believed to be one of the first companies to process payroll completely online, and the firm remains one of the fastest-growing in the U.S., with shares skyrocketing over the past year. Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,543,132,270 and over the last 9 years he sold PAYC stock worth over $464,538,932. Charis Richison had been married twice before she met the Paycom CEO. The company is publicly traded, but Richardson still owns the majority of its shares at around 14%. His $10 million gift to UCO Athletics will fund its athletic complex. But their main residence remains a 240-acre compound in the Oklahoma City suburb of Edmond, Oklahoma, where they enjoy luxe amenities that include a 10,500-square-foot main mansion, a full-size tennis court, a small lake, and a huge swimming pool fed by its own lazy river/mini-waterpark. 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}} In 2020, Richison donated $5 million to the American Cancer Society. Paycom, a leading provider of comprehensive, cloud-based technology for human capital management, today announced that its founder and CEO, Chad Richison, has been named one of Oklahoma's Most Admired CEOs by The Journal Record. }); Chad Richison, the CEO of Paycom Software, Inc -- an American online payroll and human resource technology provider based in Oklahoma City, Oklahoma -- was the highest-paid CEO in S&P 500 companies in 2020. He doesn't just want to be charitable for the sake of being charitable. Following that, she joined Novo Nordisks Oklahoma City branch in 2004. As we continue to grow and develop even more innovative technology, my appreciation for them deepens.. Age : 51. The founder and CEO of payroll processor Paycom runs a foundation focused on mental health and has been a big donor to food banks across the Sooner State. Reflects change since 5 pm ET of prior trading day. Combien gagne t il d argent ? Paycom's board gave Richison 1.61 million shares of company stockthat he can only access if prices reach specific targets. There is a new name breaking into the list of the highest-paid chief executives: Chad Richison, the founder . Get our latest stories in the feed of your favorite networks. They divorced in 2015, and Nissa remarried in 2020. },false) I am humbled to be recognized alongside some of the communitys best and brightest leaders, said Richison. All rights reserved. Chad Richardson moved to Rutherford County to attend college at Middle Tennessee State University in 1999. gads_event = event; He also co-founded MixBit. Products - Large selection of rock and movie posters, gigposters and art prints by contemporary artists. The Paycom CEO signed up for The Giving Pledge because he wanted to make a difference. He was able to foresee where the Internet was going, how it could change the way business is conducted, and what it would mean for the HR world. He was born in 1972 in Edmond, Oklahoma, America. }); Costco? New arena name will be fitting for new era, Oklahoma population falls just short of 4 million in the 2020 US Census count, Stitt signs anti-abortion, 'Second Amendment Sanctuary,' 'Religious Freedom' bills, committo givingthe majority of theirwealth to philanthropic and charitable causes, $5 million to the American Cancer Society's Hope Lodge, Your California Privacy Rights / Privacy Policy. I cover the world's richest people and how they made their billions. FOLLOW MORE IBT NEWS ON THE BELOW CHANNELS, IBT Fast Start - Let the best of International News come to you. The Paycom CEO also provided financial aid amounting to $6 million to local food banks, schools and social services for the homeless. These generally cost between $2,500 and $3,500 per retreat, says Stephany Cochran, the foundations executive director. Richison, now worth $3.4 billion, told Forbes. The New York Times reported last week thathis earningsin 2020were the most among all CEOs, about four times as much as most others who cracked the Top 10. Did Grant Cardone get Covid-19 during 'Undercover Billionaire'? The company says it's a 10-year performance contract that reflects stockholder preference for a "longer-term, performance-oriented award.". In the living room, the intricately carved mantle over the fireplace was originally part of an antique stone door purchased in India; theres a 200-year-old, hand-carved ceiling in the den that was shipped from Sri Lanka. Paycom founder Chad Richison is now the highest-paid CEO in the S&P 500 after he was awarded a compensation package worth more than $200m (145m). ga('ads.send', { The sellers, skincare entrepreneur Liz Edlich and trial attorney Dale Kinsella, bought the property in 2000 for just $2 million. We are looking forward to celebrating this years Most Admired CEOs, a distinguished group of leaders nominated by their associates, peers and friends for modeling great leadership traits and serving as role models for others inside and outside their companies, said Joni Brooks, president and publisher ofThe Journal Record. Later, Richison expanded it to additional offerings such as Employee Self Service (ESS) software, which was the original vision for Paycom. Velveeta? Sa fortune s lve 455,00 euros mensuels The home boasts private access to two beaches, with steps leading down to the sand. Chad Richison first heard of the Giving Pledge about a decade ago at a poker game organized by Warren Buffett. Its estimated that he has donated about $57 million so far. He released two rock albums on the Aquarius label in the 1990s. 2023 Paycom Payroll LLC. Chad, a former senior manager at payroll firm ADP, founded Paycom in 1998. Chad Richison was also married, to Nissa Richison, his high school sweetheart. ), "This is really the epitome of luxury," Elliott said of the home. The companies using these software always complained about how it wasted too much of their time due to the manual entries that had to be done by the HR department. People Like Chad Richison . Prior to founding Paycom in 1998 and taking the company public in 2014, Richison worked in the payroll industry. But the most spectacular thing about the property is undoubtedly its location, blessedly free from neighbors and with direct access to two separate beaches. The sessions include art therapy and writing letters to their younger selves, as well as educational activities. Paycom is believed to be one of the first companies to process payroll completely online and has been recognized by Fortune, Forbes and Inc. Magazine for its continued growth as one of the fastest-growing companies in the U.S.[4][5] Dirt is a part of Penske Media Corporation. Chad Richison, founder and CEO of Paycom, was recently crowned as the highest-paid top executive among S&P 500 companies. The Wall Street Journal reported that Chad Richison last year was awarded compensation valued at $211 million by Paycom. As of late, Richison has a net worth of $2.9 billion, as per Forbes. Public asset : 2,720,566,358 USD. Last year, Chad and his wife Charis announced a $1 million donation to The Foundation for Oklahoma City Public Schools coronavirus relief efforts. [1] [2] Richardson also starred in the Canadian production of the musical Rent, where he was nominated for a Dora Award. ga('ads.send', { A spokesperson for Richison's company did not immediately respond to Business Insider's request for comment for this story. The award would not be possible without the dedication of Paycoms co-workers, who have worked hard for our success. I lived up until this point in my life without a credit card because money was so theoretical to me on some level. The S&P 500 is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States. Chad Richison is an American entrepreneur who has served as President and Chief Executive Officer of Paycom since its founding. Paycom Founder and CEO Chad Richison speaks on After the Bell with David Asman on Fox Business about the Ongoing Payroll Tax Extension Debate in Congress.Vis. The company's compensation report to the Securities and Exchange Commission shows Richison's annual pay grew nearly tenfold since 2019, but just on paper. More:Stitt signs anti-abortion, 'Second Amendment Sanctuary,' 'Religious Freedom' bills. More:Oklahoma population falls just short of 4 million in the 2020 US Census count, "This grant further aligns our CEOs total compensation with the companys sustained growth over the next decade and provides a strong incentive to continue building the companys value," Clark said. Paycom? When a new top guy comes aboard, it's not unusual to shake things up. Chad Richison is well-known as the founder, president, and CEO of Paycom and a billionaire philanthropist. }); Chad Richison, the CEO of Paycom Software, Inc -- an American online payroll and human resource technology provider based in Oklahoma City, Oklahoma -- was the highest-paid CEO in S&P 500 companies in 2020. Raimo Lenschow . }); This company offers payroll, background checks and human resource management services. Richison, a former senior manager at payroll firm ADP, founded Paycom in 1998. Chad Richardson is a Canadian musician from St. John's, Newfoundland, Canada. 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