Steve Sarowitz (born 1965/1966) is an American

billionaire A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...

businessman, and the founder of

Paylocity Paylocity is an American company which provides cloud-based payroll and human capital management software. It has been based in Illinois since its founding in 1997. History The company was founded as Ameripay Payroll Ltd. by Steve Sarowitz in ...

Early life

Sarowitz earned a bachelor's degree from the

University of Illinois at Urbana–Champaign The University of Illinois Urbana-Champaign (U of I, Illinois, University of Illinois, or UIUC) is a public land-grant research university in Illinois in the twin cities of Champaign and Urbana. It is the flagship institution of the Universit ...

Career

Sarowitz owned 44% of Paylocity at its

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

in March 2014, and 28% in April 2019.

Personal life

Sarowitz is married to Jessica; the couple lives in Highland Park, Illinois. He was raised

Jewish Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

, but later embraced the

Baháʼí Faith The Baháʼí Faith is a religion founded in the 19th century that teaches the Baháʼí Faith and the unity of religion, essential worth of all religions and Baháʼí Faith and the unity of humanity, the unity of all people. Established by ...

References

Living people 1960s births American billionaires American company founders University of Illinois Urbana-Champaign alumni Converts to the Bahá'í Faith from Judaism American Bahá'ís 20th-century American Jews {{US-business-bio-1960s-stub