Chad Richison

$1.21 B

Ranked #2992 in World

About Chad Richison

Chad Richison, the founder, President, and CEO of Paycom, built the innovative online payroll firm in 1998 and successfully navigated it to a NYSE public listing in 2014. A visionary entrepreneur from Oklahoma, Richison received recognition for Paycom's rapid growth by Fortune, Forbes, and Inc. Magazines. His business acumen led him to become the highest-paid U.S. CEO in 2020, with a vast $2.3 billion net worth. Richison's philanthropic efforts paralleled his corporate successes, as he donated millions to education and mental health initiatives, and joined The Giving Pledge. Esteemed by Glassdoor and awarded by Ernst & Young, he remains an influential figure in the business and philanthropic spheres.

Born

October 10, 1970

Age

55 years

Source Of Wealth

Payroll Processing

Industries

Technology

Citizenship

United States

Residence

Edmond, Oklahoma

Education

Bachelor of Arts/Science, University of Central Oklahoma

Chad Richison, a prominent American entrepreneur, was born and raised in Oklahoma. From a young age, he demonstrated a keen interest in business and entrepreneurship. His journey began in the world of sales, where he honed his skills and gained valuable experience working for ADP.

Chad Richison: Family

Chad Richison comes from a supportive and close-knit family. While information about his immediate family is limited, it is evident that their encouragement and support played a significant role in his success.

Chad Richison: Career Highlights

In 1998, Chad Richison founded Paycom, a revolutionary payroll processing company that pioneered the concept of completely online payroll services. This innovative approach set Paycom apart from its competitors and paved the way for its remarkable growth and success.

Under Chad Richison's leadership, Paycom experienced exceptional growth and recognition. The company was consistently ranked among the fastest-growing companies in the United States by prestigious publications such as Fortune, Forbes, and Inc. Magazine.

In 2014, Chad Richison took Paycom public on the New York Stock Exchange through a highly successful Initial Public Offering (IPO). This milestone marked a significant achievement for the company and solidified its position as a leading player in the payroll industry.

Chad Richison: Companies

Chad Richison is the President and CEO of Paycom, a leading provider of cloud-based human capital management software solutions. Paycom's innovative platform streamlines various HR processes, including payroll, talent management, and employee engagement.

Chad Richison: Major Achievements

Chad Richison's remarkable achievements include receiving a restricted stock award worth US$211.3 million in 2020, making him the highest-paid CEO of any American company that year.

His contributions to the business community and society at large have been widely recognized. Chad Richison is an active member of the Greater Oklahoma City Chamber of Commerce and the Oklahoma Business Roundtable, where he provides valuable insights and leadership.

Chad Richison: Awards & Achievements

Chad Richison's exceptional leadership and entrepreneurial spirit have earned him numerous prestigious awards and accolades.

In 2019, he was ranked among the top 100 CEOs nationally by Glassdoor, surpassing notable technology leaders like Apple's Tim Cook.

Other notable awards and recognitions include the Ernst & Young Entrepreneur of the Year Award for the Southwest Area North in 2010, Distinguished Alumnus by the University of Central Oklahoma in 2012, and The Oklahoman's 2013 Large Business Leadership Award.

In 2014, Chad Richison was recognized as one of the highest-rated CEOs by Glassdoor, and in 2015, he was named Oklahoma's Most Admired CEO in the public company category.

The Green Shoe Foundation, founded by Chad Richison, received the prestigious 'Dr. Murali Krishna Eliminating the Stigma Award' in 2017 for its efforts in addressing mental health issues.

Chad Richison's achievements extend beyond the business realm. He was included in the Forbes 400 list from 2019 to 2021, a testament to his remarkable success and influence.

Chad Richison: Personal Life & Legacy

Chad Richison resides in Edmond, Oklahoma, where he actively contributes to the community. He is known for his philanthropic endeavors, particularly in the areas of education, foster care, food supplies, and mental health.

In 2015, Chad Richison made a significant impact on his alma mater, the University of Central Oklahoma, by donating $10 million to its athletic program. This generous gift marked the largest single donation at the time.

His commitment to giving back continued with an additional $4 million gift in 2017 to support the 'complete the dream' campaign. Chad Richison's philanthropic efforts extend beyond his alma mater. He established the Green Shoe Foundation in 2015 to address childhood traumas and provide support for adults.

In December 2020, Chad Richison joined The Giving Pledge, a global initiative where wealthy individuals commit to dedicating the majority of their wealth to philanthropic causes. His commitment to The Giving Pledge further underscores his dedication to making a positive impact on society.

In 2021, Chad Richison made another substantial donation of $10 million to the University of Central Oklahoma.

This generous gift led to the renaming of the football stadium to Chad Richison Stadium, a testament to his enduring legacy and commitment to the university.

Chad Richison: Trivia

Chad Richison's estimated net worth stands at U.S. $2.3 billion, making him one of the seven billionaires in Oklahoma and the youngest on the list. His remarkable success story serves as an inspiration to aspiring entrepreneurs and business leaders.

Wealth History

Timeline

1998

Chad Richison founded Paycom, believed to be one of the first companies to process payroll completely online.

2010

Chad Richison received the Ernst & Young Entrepreneur of the Year Award for the Southwest Area North.

2012

Chad Richison was named Distinguished Alumnus by the University of Central Oklahoma.

2013

Chad Richison earned The Oklahoman's 2013 Large Business Leadership Award.

2014

Chad Richison was ranked among the highest-rated CEOs by Glassdoor.

2014

Paycom went public on the New York Stock Exchange with a successful IPO.

2015

Chad Richison was named Oklahoma's Most Admired CEO in the public company category.

2015

Chad Richison donated $10 million to his alma mater's athletic program, the largest single donation at the time.

2015

Chad Richison founded the Green Shoe Foundation to help adults reconcile childhood traumas.

2017

Chad Richison gave an additional $4 million gift to the 'complete the dream' campaign.

2017

The Green Shoe Foundation received the 2017 'Dr. Murali Krishna Eliminating the Stigma Award'.

2019

Chad Richison was ranked one of the top 100 CEOs nationally by Glassdoor, above notable technology leaders like Apple's Tim Cook.

2019-2021

Chad Richison was included in the Forbes 400.

2020

Chad Richison received US$211.3 million as part of a restricted stock award, making him the highest-paid CEO of any American company.

2020

Chad Richison joined The Giving Pledge.

2021

Chad Richison donated $10 million to the University of Central Oklahoma, leading to the renaming of the football stadium to Chad Richison Stadium.

Chad Richison : FAQs

What is Chad Richison's current net worth?

Chad Richison's current net worth is $1.21 billion.

What is Chad Richison's current global rank among billionaires?

Chad Richison holds the 2992nd position globally among billionaires.

What is Chad Richison's current ranking within the United States?

Chad Richison holds the 899th position in United States.

What was the change in Chad Richison's net worth compared to the previous year?

Chad Richison's net worth decreased by 264.14 million dollars compared to the previous year 2025, when his net worth was 1.48 billion dollars.

What is the recent change in Chad Richison's net worth?

Chad Richison's net worth decreased by 5.02 million dollars recently, a 0.41% decrease, with his net worth standing at 1.21 billion dollars.

What are Chad Richison's main sources of wealth?

Chad Richison's main source of income comes from Payroll Processing.

In which industry does Chad Richison primarily operate?

Chad Richison is primarily involved in the Technology industry.

What is Chad Richison educational background?

Chad Richison holds a Bachelor of Arts/Science from the University of Central Oklahoma.

How old is Chad Richison?

Chad Richison is 55 years old.

How many children does Chad Richison have?

Chad Richison has 4 children.

Who is Chad Richison and what is his role at Paycom?

Chad Richison is an American entrepreneur, the President, and CEO of Paycom, a company he founded in 1998 that's known for being one of the first to process payroll entirely online.

How did Chad Richison's early career lead to the founding of Paycom?

Chad Richison, originally from Oklahoma, began his career in sales with ADP and later moved to Colorado to work for a regional payroll provider. His experiences led him to found Paycom in 1998.

What are some of Chad Richison's contributions to philanthropy and education?

Chad Richison has made significant contributions to philanthropy and education through a $10 million donation to his alma mater's athletic program, the establishment of the Green Shoe Foundation to support adult mental health, the creation of the Richison Family Foundation, and joining The Giving Pledge.

What accolades has Chad Richison received for his leadership and entrepreneurial success?

Chad Richison has been recognized with several accolades, such as the Ernst & Young Entrepreneur of the Year Award, Glassdoor's ranking as a top CEO, and being named Oklahoma's Most Admired CEO, among others.

What milestones marked the financial growth of Paycom and Chad Richison's career?

Chad Richison led Paycom through significant financial milestones, including taking the company public with a successful IPO in 2014 and being recognized as the highest-paid CEO in America in 2020 with a substantial restricted stock award.