Blase Thomas Golisano, born on November 14, 1941, is an American billionaire businessman and philanthropist. He is widely recognized as the founder of Paychex, a company that provides payroll and human resources services to businesses.

What is the primary business enterprise founded by Tom Golisano?

The primary business enterprise founded by Tom Golisano is Paychex, which offers essential payroll and human resources services tailored for businesses.

What was Tom Golisano's net worth according to recent reports?

As of 2020, Tom Golisano's net worth was reported to be US$5.2 billion. More recent figures from Forbes in 2022 placed it at $5.4 billion, and in 2023 at $4.9 billion.

What is Tom Golisano's educational background?

Tom Golisano pursued higher education at Alfred State College, where he earned an Associate in Applied Science (AAS) degree.

When was Paychex established, and what was the initial capital Golisano used?

Paychex was founded by Tom Golisano in 1971. He initiated the company's operations with $3,000 and the use of a credit card.

What key leadership positions has Tom Golisano held at Paychex?

Tom Golisano served as the President and Chief Executive Officer of Paychex from its founding in 1971 until October 2004. Subsequently, he transitioned to the role of Chairman, a position he has held since October 1, 2004, and has also been a Director of the company since 1979.

What is Greenlight Networks, and what was Golisano's involvement with the company?

Greenlight Networks is a fiber internet provider headquartered in Rochester, New York. Tom Golisano acquired the company in April 2018, investing $100 million to facilitate its expansion. He later divested his controlling equity interest in 2022.

How did Tom Golisano's investment influence Greenlight Networks' growth?

Following Tom Golisano's acquisition of Greenlight Networks, the company experienced significant expansion into new territories, fueled by a substantial $100 million investment he provided.

To whom did Tom Golisano sell his majority stake in Greenlight Networks?

In 2022, Tom Golisano sold his controlling equity shares in Greenlight Networks to the investment firm Oak Hill.

How has Tom Golisano been recognized in Forbes' annual wealth rankings?

Tom Golisano has been featured multiple times on Forbes' lists. In 2020, he was ranked as the 238th wealthiest American with a net worth of $3.4 billion. By 2022, he was listed as the 490th wealthiest billionaire globally with $5.4 billion, and in 2023, he was ranked 552nd with $4.9 billion.

Which professional sports teams did Tom Golisano co-own?

Tom Golisano was a co-owner of the Buffalo Sabres, a team in the National Hockey League (NHL), and the Buffalo Bandits, a team in the National Lacrosse League (NLL).

Under what circumstances did Golisano acquire the Buffalo Sabres?

Golisano purchased the Buffalo Sabres directly from the NHL. The league had taken ownership of the team after its previous owner, John Rigas, the former CEO of Adelphia, was convicted of financial fraud.

What was the duration of Tom Golisano's ownership of the Buffalo Sabres and Buffalo Bandits?

Tom Golisano owned the Buffalo Sabres and the Buffalo Bandits from 2003 until February 2011, when he sold both franchises to billionaire Terrence Pegula.

Did Tom Golisano attempt to acquire other major sports franchises?

Yes, Tom Golisano made attempts to acquire other sports franchises. He submitted a bid for the bankrupt Los Angeles Dodgers in early 2012 and also bid for the Buffalo Bills when the team became available for sale in 2014.

Who ultimately purchased the Los Angeles Dodgers and Buffalo Bills after Golisano's bids?

The Los Angeles Dodgers were purchased by a consortium led by Magic Johnson and Guggenheim Partners. The Buffalo Bills were ultimately acquired by Terrence Pegula.

What political party did Tom Golisano help establish, and what office did he pursue using its platform?

Tom Golisano was a founding member of the Independence Party of New York. He ran as the party's candidate for Governor of New York in the elections of 1994, 1998, and 2002.

What was the financial investment in Golisano's gubernatorial campaigns, and what was their effect on the Independence Party?

Golisano invested a total of $93 million across his three gubernatorial campaigns. His consistent performance, exceeding 50,000 votes in each election, ensured the Independence Party maintained an automatic ballot line for the four years following each race.

What change in political party affiliation did Tom Golisano make in 2005?

In October 2005, Tom Golisano switched his political affiliation to the Republican Party. This move, made with the approval of the Independence Party's chairman, was seen as a potential step towards another gubernatorial candidacy.

Did Golisano run for Governor of New York after joining the Republican Party?

No, despite changing his party affiliation to Republican, Tom Golisano announced in February 2006 that he would not be seeking the governorship in that election cycle.

What Political Action Committee (PAC) did Golisano establish in 2008, and what were its objectives?

In July 2008, Tom Golisano formed a PAC named Responsible New York, initially funding it with $5 million of his personal money. The PAC's goal was to support candidates running for the New York state legislature, irrespective of party, with a focus on advocating for property tax reductions and election reform.

What was Tom Golisano's position on term limits in New York City during 2008?

In October 2008, Tom Golisano publicly supported term limits for public offices in New York City. He opposed Mayor Michael Bloomberg's initiative to extend these limits, emphasizing that the city's voters had previously affirmed the existing term limits.

What reason did Golisano cite for his decision to move to Florida in 2009?

In May 2009, Golisano announced his relocation to Florida, citing his desire to escape New York's high tax rates as the primary reason for the move.

How did Golisano claim to have influenced the 2009 New York State Senate leadership crisis?

Golisano asserted that he played a role in the 2009 New York State Senate leadership crisis by orchestrating the defection of Democratic senators Pedro Espada Jr. and Hiram Monserrate. He expressed dissatisfaction with the Democratic party's fiscal policies, particularly proposed tax increases on the wealthy, which motivated his actions.

What role did Tom Golisano take on with National Popular Vote Inc. in 2011?

In February 2011, Tom Golisano became the spokesperson for National Popular Vote Inc. This organization works towards implementing a national popular vote system for U.S. presidential elections by leveraging the existing Electoral College structure.

What was the purpose of the 'Tax My Property Fairly' campaign launched by Golisano in 2018?

In January 2018, Tom Golisano initiated the 'Tax My Property Fairly' campaign. Its stated objective is to support homeowners in Upstate New York in their efforts to achieve fairer property tax assessments.

What were Tom Golisano's political party affiliations throughout his career?

Tom Golisano was affiliated with the Independence Party of New York from 1991 to 2005. He then switched his affiliation to the Republican Party in October 2005, remaining with them thereafter.

What is the approximate total amount Golisano has donated to philanthropic causes as of early 2021?

As of January 2021, Tom Golisano had committed or donated more than $300 million towards various philanthropic initiatives.

When was the B. Thomas Golisano Foundation established, and what is its primary focus?

The B. Thomas Golisano Foundation was founded by Tom Golisano in 1985 with an initial endowment of $90,000. The foundation is dedicated to providing grants to organizations that create opportunities for individuals with intellectual and developmental disabilities and their families.

What significant contribution did Golisano make to Niagara University?

In October 2008, Tom Golisano donated $10 million to Niagara University, which was allocated towards the construction of a new building named the B. Thomas Golisano Center for Integrated Sciences.

What was the purpose of Golisano's $4 million donation to Ave Maria University in 2009?

In November 2009, Ave Maria University received a $4 million donation from Tom Golisano, intended for the construction of a new field house on the campus.

What initiative did Golisano's $12 million donation in 2012 support within the Special Olympics?

In 2012, Tom Golisano donated $12 million to the Special Olympics to launch the Healthy Communities initiative. This program aims to enhance year-round access to healthcare services for individuals with intellectual disabilities.

What distinction does Golisano's $25 million commitment to Special Olympics hold?

Golisano's 2015 commitment of $25 million to Special Olympics, aimed at expanding the Healthy Communities program to 100 global locations, represents his largest single gift to any organization and is also the largest donation ever received by Special Olympics from an individual.

What facility at Unity Hospital in Rochester received partial funding from Golisano?

The Golisano Neurology and Rehabilitation Center, located at Unity Hospital in Rochester, opened in 2014. Its establishment was supported in part by a $10 million contribution from Tom Golisano.

How was Golisano recognized by Forbes in 2015 for his philanthropic activities?

In 2015, Forbes acknowledged Tom Golisano and the Golisano Foundation in their feature titled 'Philanthropy's Big Bets for Social Change,' highlighting significant contributions to social causes.

What is the function of the Golisano Center for Community Health, opened in 2016?

The Golisano Center for Community Health, which opened in June 2016, offers integrated healthcare services designed for individuals with disabilities and their families. A $3.5 million gift from Golisano was instrumental in its creation.

What was the objective of the athletic training center at Nazareth University funded by Golisano?

In September 2016, Tom Golisano provided $7.5 million to Nazareth University for the development of a new athletic training center. This facility is intended to serve as a benchmark for inclusion, fitness, and wellness.

How many times has Golisano supported the WXXI Public Broadcasting Council, and for what purposes?

Tom Golisano has made two significant donations to the WXXI Public Broadcasting Council. His first gift in 2004 supported the upgrade to digital broadcasting equipment, and a second gift in September 2016 was for equipment acquisition.

What performing arts center was planned in Rochester in honor of Golisano's contribution?

As part of a revised proposal for Midtown Plaza in Rochester, a performing arts center named the Golisano Center for the Performing Arts was planned, acknowledging a donation made by Golisano to the project.

What awards were presented at the Special Olympics World Games in 2017 related to intellectual disabilities?

The inaugural Golisano Global Health Care Leadership Awards were presented during the 2017 Special Olympics World Games. These awards recognize individuals dedicated to advancing inclusive healthcare for people with intellectual disabilities.

What was the impact of Golisano's $14 million donation to the University of Rochester's pediatric facility?

Golisano's $14 million donation to the University of Rochester led to the renaming of its pediatric facility at Strong Memorial Hospital as the Golisano Children's Hospital in 2002. He later pledged an additional $20 million for a new facility, which opened in 2015.

What makes the Golisano Autism Center in Rochester unique?

The Golisano Autism Center, which opened in September 2019, is distinguished by its integrated approach, bringing together numerous recreational, medical, and educational support providers and services under one roof to assist families affected by autism.

What was the scale and reach of Golisano's philanthropic donations in 2024?

In 2024, Tom Golisano made a substantial donation totaling $360 million, distributed among 82 different non-profit organizations located throughout Upstate New York.

What is the Golisano Institute for Business and Entrepreneurship, and when did it commence operations?

The Golisano Institute for Business and Entrepreneurship is an educational institution founded by Tom Golisano in Brighton, New York, opening in the fall of 2023. It specializes in two-year business certificates and has a student enrollment cap of 500.

What is the stated objective behind the Golisano Institute for Business and Entrepreneurship?

Tom Golisano has stated that the Golisano Institute for Business and Entrepreneurship is designed to shorten the duration and reduce the overall cost of business-related education.

Who was appointed as the inaugural president of the Golisano Institute for Business and Entrepreneurship?

Ian Mortimer, who previously served as the associate provost at the Rochester Institute of Technology, was appointed as the first president of the Golisano Institute for Business and Entrepreneurship.

What is the title of the book co-authored by Tom Golisano, and what does it offer?

The book co-authored by Tom Golisano is titled 'Built, Not Born: A Self-Made Billionaire's No-Nonsense Guide for Entrepreneurs'. Published in February 2020, it shares business advice drawn from Golisano's extensive fifty-year career.

What was the market reception of Tom Golisano's book 'Built Not Born'?

Upon its release in February 2020, 'Built Not Born' achieved significant success, reaching the number one position on Barnes & Noble's bestseller list for business books.

Who is Tom Golisano's current spouse?

Tom Golisano is currently married to Monica Seles, a former professional tennis player. The article notes that he has been divorced three times prior to this marriage.

What percentage of the vote did Tom Golisano receive in the 2002 New York gubernatorial election?

In the 2002 New York gubernatorial election, Tom Golisano, running as an Independence Party candidate, garnered 14% of the total votes cast.

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Business Acumen

Paychex: The Foundation

Tom Golisano is renowned as the founder of Paychex, a leading provider of payroll and human resources services for businesses. He established the company in 1971 with a modest initial investment of $3,000 and a credit card. Golisano served as its president and CEO until October 2004, and has since held the position of Chairman. Paychex has grown into a Fortune 500 company, a testament to Golisano's entrepreneurial vision.

Greenlight Networks

From 2019 to 2022, Golisano was the owner of Greenlight Networks, a fiber internet provider based in Rochester, New York. His significant investment of $100 million fueled the company's expansion into new markets. In 2022, he sold his controlling stake to the investment firm Oak Hill, marking another strategic business move.

Financial Standing

Golisano's business success has translated into substantial personal wealth. He has consistently been recognized on prestigious financial lists, including the Forbes 400 and The World's Billionaires. As of recent reports, his net worth places him among the wealthiest individuals, underscoring his enduring impact on the business landscape.

Sports Ownership

Buffalo Sabres

Golisano was a prominent owner of the Buffalo Sabres of the National Hockey League (NHL) and the Buffalo Bandits of the National Lacrosse League (NLL) from 2003 to 2011. He acquired the Sabres after the NHL took possession of the team from its previous owner. In February 2011, he sold the Sabres and related assets to Terrence Pegula.

Buffalo Bandits

In conjunction with his ownership of the Sabres, Golisano also held ownership of the Buffalo Bandits, a successful franchise in the National Lacrosse League. This dual ownership demonstrated his commitment to professional sports in the Western New York region.

Bids for Other Franchises

Golisano also made notable bids for other major sports franchises. He was part of a group that bid for the Los Angeles Dodgers in 2012 and later for the Buffalo Bills in 2014, aiming to keep these teams within their respective regions. While these bids were ultimately unsuccessful, they highlighted his continued interest and investment potential in professional sports.

Political Engagement

Gubernatorial Campaigns

Golisano has made multiple attempts to enter public office, running as a third-party candidate for Governor of New York in 1994, 1998, and 2002. He invested significant personal funds into these campaigns, aiming to bring his business-oriented approach to state governance. Although he never won, his candidacies helped secure ballot lines for the Independence Party.

Party Affiliation & PACs

Initially a founding member of the Independence Party of New York, Golisano later changed his affiliation to Republican in 2005. He formed a PAC called Responsible New York in 2008, funding it with $5 million to support candidates advocating for property tax cuts and election reform. His political involvement also extended to supporting the Democratic National Convention and influencing state legislative dynamics.

Advocacy and Influence

Golisano has been vocal on various political issues, including term limits and tax policies. He has also been a proponent of the National Popular Vote movement. His financial contributions and public statements have often shaped political discourse, particularly within New York State.

Philanthropic Vision

Golisano Foundation

Founded in 1985, the B. Thomas Golisano Foundation is a cornerstone of his philanthropic efforts. The foundation primarily supports organizations that provide opportunities for individuals with intellectual and developmental disabilities and their families. Golisano's commitment to this cause is deeply personal and has driven substantial financial contributions.

Healthcare Initiatives

Golisano has made significant donations to healthcare facilities, notably funding children's hospitals. The Golisano Children's Hospital at the University of Rochester Medical Center and the Golisano Children's Hospital at Lee Health in Southwest Florida are prominent examples of his commitment to pediatric care. He also supported the Golisano Neurology and Rehabilitation Center and the Golisano Center for Community Health.

Global Impact & Special Olympics

His largest single commitment was a $25 million expansion of the Special Olympics' Healthy Communities initiative, aimed at improving year-round healthcare access for people with intellectual disabilities worldwide. This initiative, launched with an initial $12 million donation in 2012, highlights his dedication to global health equity.

Autism Support & Community

In 2017, Golisano pledged $3 million to establish the Golisano Autism Center in Rochester, New York. This facility, which opened in 2019, serves as a unique hub integrating various recreational, medical, and educational services for individuals with autism and their families.

Broad Charitable Giving

Beyond specific initiatives, Golisano has donated hundreds of millions of dollars to diverse causes. In 2024 alone, he distributed $360 million to 82 non-profits across Upstate New York. His philanthropic approach is characterized by substantial, impactful investments aimed at tangible social change.

Educational Ventures

Golisano Institute for Business and Entrepreneurship

In the fall of 2023, Golisano founded the Golisano Institute for Business and Entrepreneurship in Brighton, NY. This innovative institution offers two-year certificates focused exclusively on business coursework, aiming to reduce the time and cost associated with business education. Housed in a former Paychex building, the institute is a nonprofit venture bankrolled by Golisano, with the Golisano Foundation covering operating costs.

Academic Support

Golisano's commitment to education is also evident in his support for institutions like the Rochester Institute of Technology (RIT), which named its B. Thomas Golisano College of Computing and Information Sciences in his honor. He has also provided significant funding to universities such as Niagara University and Ave Maria University for academic and facility development.

Published Insights

"Built Not Born"

In February 2020, Golisano released his book, "Built, Not Born: A Self-Made Billionaire's No-Nonsense Guide for Entrepreneurs," co-authored with Mike Wicks. Published by HarperCollins, the book distills Golisano's extensive business experience into practical advice for aspiring entrepreneurs. It quickly achieved bestseller status, reaching number one on Barnes & Noble's business book charts.

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References

Golisano talks about Dodgers bid Retrieved 2011-11-11.

Wawrow, John (August 6, 2014). Golisano submits bid to buy Bills. Associated Press. Retrieved August 6, 2014.

Why I'm Leaving New York, niagarafallsreporter.com, Guest View by Tom Golisano

A full list of references for this article are available at the Tom Golisano Wikipedia page

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This page was generated by an Artificial Intelligence and is intended for informational and educational purposes only. The content is based on a snapshot of publicly available data from Wikipedia and may not be entirely accurate, complete, or up-to-date.

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Tom Golisano

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Business Acumen 💼

🏢 Paychex: The Foundation

🌐 Greenlight Networks

💰 Financial Standing

Sports Ownership 🏆

🏒 Buffalo Sabres

🥍 Buffalo Bandits

🏈 Bids for Other Franchises

Political Engagement 🗳️

🏛️ Gubernatorial Campaigns

⚖️ Party Affiliation & PACs

🗣️ Advocacy and Influence

Philanthropic Vision ❤️

🤝 Golisano Foundation

🏥 Healthcare Initiatives

🌍 Global Impact & Special Olympics

💙 Autism Support & Community

💸 Broad Charitable Giving

Educational Ventures 🎓

🏫 Golisano Institute for Business and Entrepreneurship

📚 Academic Support

Published Insights 📖

💡 "Built Not Born"

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Dive in with Flashcard Learning!

Business Acumen

Paychex: The Foundation

Greenlight Networks

Financial Standing

Sports Ownership

Buffalo Sabres

Buffalo Bandits

Bids for Other Franchises

Political Engagement

Gubernatorial Campaigns

Party Affiliation & PACs

Advocacy and Influence

Philanthropic Vision

Golisano Foundation

Healthcare Initiatives

Global Impact & Special Olympics

Autism Support & Community

Broad Charitable Giving

Educational Ventures

Golisano Institute for Business and Entrepreneurship

Academic Support

Published Insights

"Built Not Born"

Teacher's Corner

True or False?

Test Your Knowledge!

Gamer's Corner

Discover other topics to study!

References

Feedback & Support

Disclaimer

Important Notice