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Billionaire Profile
Steven Sarowitz
Global Rank
#2475

Image: Unsplash Contributor | Unsplash License | via Unsplash

Steven Sarowitz

CEO, Payroll software
UNITED STATES
Real-Time Net Worth
$1.659B
Estimated based on Payroll software stock value as of April 21, 2026
+1.22% (24h)
Age
60
Source
Payroll software
Industry
Technology
Citizenship
UNITED STATES

Biography

Steven Sarowitz is an American entrepreneur and philanthropist, best known as the founder of Paylocity, a leading provider of cloud-based payroll and human capital management software. Born in 1965 or 1966, Sarowitz built a successful career in the technology industry. His wealth stems from Paylocity, which he took public in 2014. Beyond his business achievements, Sarowitz is dedicated to philanthropy, with plans to donate a substantial portion of his wealth. He is also involved in film production through Wayfarer Studios. As of 2024, his net worth is estimated at $1.7 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Steve Sarowitz was born in 1965 or 1966. Limited information is available about his early life and childhood.

Rise to Success

Sarowitz's career is defined by his founding of Paylocity in 1997. He had previously worked at other payroll companies. Paylocity, under his leadership, experienced substantial growth, becoming a prominent provider of payroll and human capital management solutions. The company went public in March 2014.

Key Business Strategies

Sarowitz's vision was to fill a gap in the market by providing a solution with in-house like technology supported by the service and liability protection of an outsourcing solution. He has been instrumental in Paylocity's adoption of cutting-edge technologies.

Philanthropy

Sarowitz is an international philanthropist. He and his wife helm the Julian Grace Foundation, supporting over 50 causes worldwide, with a focus on programs for orphans, foster children, and refugees. He plans to donate a significant portion of his wealth to charitable causes.

Career Milestones

1987

Graduated from the University of Illinois

Earned a Bachelor's Degree in Economics.

1997

Founded Paylocity

Founded the company as Ameripay Payroll Ltd. in the Chicago area, which was later renamed Paylocity.

2014

Paylocity IPO

Paylocity went public.

2019

Named Ernst & Young Entrepreneur Of The Year

Awarded the Ernst & Young Entrepreneur Of The Year® 2019 in the Midwest region

Philanthropy & Social Impact

Community Impact

Julian Grace Foundation

Undisclosed

Supports various causes worldwide, including programs for orphans, foster children, and refugees

Community Impact

Wayfarer Foundation

Undisclosed

Dedicated to community impact on a global scale.

Business Philosophy & Leadership

Notable Quotes

"We are catalytic capital."

Controversies & Challenges

2024

It Ends with Us Lawsuit

Blake Lively filed a lawsuit against Sarowitz and others related to the film 'It Ends with Us'.

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