Steve Sarowitz
Steve Sarowitz | |
|---|---|
| Born | Template:Birth year and age |
| Nationality | American |
| Occupation | Entrepreneur |
| Known for | Founder of Paylocity |
| Spouse | Jessica Sarowitz |
Steve Sarowitz (born 1965 or 1966) is an American entrepreneur and billionaire, recognized as the founder of Paylocity.
Early life
Sarowitz obtained his undergraduate degree from the University of Illinois at Urbana–Champaign.
Career
At the time of Paylocity's IPO in March 2014, Sarowitz held a 44% ownership stake, which had declined to 28% by April 2019.
He has contributed several hundred million dollars to philanthropic causes and intends to distribute the majority of his fortune within the forthcoming decade.
In December 2024, Sarowitz, alongside Justin Baldoni and others, initiated a $250 million libel lawsuit against The New York Times, accusing the publication of defamation due to an article that allegedly distorted communications and propagated a misleading story. Later that same month, actress Blake Lively filed a lawsuit against Sarowitz in his capacity as co-founder of production company Wayfarer Studios, connected to allegations involving his business partner Justin Baldoni and the 2024 film It Ends with Us.
In January 2025, Sarowitz, Baldoni, and their associates responded by filing a $400 million defamation suit against Lively, her spouse Ryan Reynolds, and her publicist, claiming that false accusations constituted civil extortion.
Personal life
Sarowitz is married to Jessica, and they live in Highland Park, Illinois. Although he was raised in the Jewish faith, he later adopted the Baháʼí Faith.