Naples billionaire: Why and how he's giving away his fortune

Naples entrepreneur and philanthropist Tom Golisano, in launching and growing what’s now a $52 billion payroll processing business from $3,000 and a credit card, has had a lifetime of pinch-me moments. Owning a pro hockey team? Check. Meeting and becoming friends with a former U.S. President? Check. Amassing a net worth of $6.6 billion? He’s done that, too, according to Forbes.

But one of his biggest pinch-me moments came decades ago, during a drive through his hometown of Rochester, New York, shuttling his mom, Anna Golisano, to a doctors’ appointment. When mother and son drove past the headquarters of his company, Paychex, he pointed to the building and proudly told his mom the business recently passed $1 million in payroll for its own employees — a major milestone.