Steve Sarowitz

Last updated
Steve Sarowitz
Born1965or1966(age 58–59) [1]
NationalityAmerican
Education University of Illinois at Urbana–Champaign
OccupationBusinessman
Known forFounder of Paylocity
SpouseJessica Sarowitz

Steve Sarowitz (born 1965/1966) is an American billionaire businessman, and the founder of Paylocity.

Contents

Early life

Sarowitz earned a bachelor's degree from the University of Illinois at Urbana–Champaign. [1]

Career

Sarowitz owned 44% of Paylocity at its IPO in March 2014, and 28% in April 2019. [2]

Sarowitz has donated hundreds of millions of dollars to charity and plans to donate most of his wealth in the next decade. [3]

In December 2024, Sarowitz joined Justin Baldoni and others in filing a $250 million libel lawsuit against The New York Times, alleging that a Times article about the dispute defamed them by misrepresenting communications and spreading a “categorically false” narrative. [4] Later that month, Sarowitz was sued by actress Blake Lively as a co-founder of production company Wayfarer Studios after allegedly saying he was prepared to spend $100 million to defend against Lively's allegations during the production of the 2024 film It Ends with Us against Sarowitz's business partner, director and cast member Justin Baldoni, and producer Jamey Heath. [5] [6]

In January 2025, Sarowitz, along with Baldoni and other associates, filed a $400 million defamation lawsuit against Lively, her husband Ryan Reynolds, and her publicist. They alleged that Lively's claims were false and amounted to civil extortion. [7]

Personal life

Sarowitz is married to Jessica; the couple lives in Highland Park, Illinois. [2] He was raised Jewish, but later embraced the Baháʼí Faith. [2]

References

  1. 1 2 "Forbes profile: Steven Sarowitz". Forbes. Retrieved 18 November 2019.
  2. 1 2 3 "The city's newest billionaire doesn't plan to die one". Crain's Chicago Business. 26 April 2019. Retrieved 3 May 2019.
  3. ↑ Billionaire Steve Sarowitz on Wealth, Philanthropy and Ethical Success on YouTube
  4. ↑ "Steve Sarowitz, Justin Baldoni, and Others File $250 Million Libel Suit Against The New York Times". December 28, 2024. Retrieved March 4, 2025.
  5. ↑ Ty Roush (21 December 2024). "Blake Lively Accuses 'It Ends With Us' Co-Star Justin Baldoni Of Sexual Harassment And Smear Campaign". Forbes. Retrieved 21 December 2024.
  6. ↑ "Blake Lively Sues It Ends With Us Director Justin Baldoni". NPR. January 1, 2025. Retrieved March 4, 2025.
  7. ↑ "Justin Baldoni sues Blake Lively and Ryan Reynolds for $400 million, alleging Hollywood power couple sought to 'destroy' him". Variety. January 16, 2025. Retrieved March 4, 2025.


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