Here's your Forbes Daily Briefing for Thursday, January 9th.

Today on Forbes, meet the little-known billionaire caught up in the Baldoni Lively scandal.

When Justin Baldoni emerged grinning from a black van during a break from the rain at the August 6th premiere of It Ends with Us in New York City.

His co-star, Blake Lively, was nowhere to be seen. A private dispute between the actors was escalating,

with Lively and other cast members declining to join him for any promotional appearances.

She planned to arrive at the premiere once he'd left the red carpet. But one person

who was present, as Baldoni lingered for a few minutes on the Broadway pavement, taking selfies with fans,

was his low-profile partner in Wayfarer Studios, the production company behind the movie,

the billionaire founder of payroll software firm, Paylocity, Steve Sarowitz.

Dressed in a navy suit, slim and six-foot-six, he hovered near the back of the group.

Later that evening, lively alleges in a complaint that was leaked in mid-December and again in a lawsuit filed on New Year's Eve,

that Sarowitz said to an

unspecified audience, quote, that he was prepared to spend $100 million to ruin the lives

of Ms. Lively and her family. When asked to comment, Sarowitz's lawyer, Brian Friedman,

confirmed that his client is prepared to spend whatever necessary to defend Baldoni, Wayfarer Studios,

and himself. Lively claims in the lawsuit against Wayfarer, Baldoni, Sarowitz, and associates,

that Baldoni, who also directed the film, sexually harassed her on set,

and that he and the Wayfarer team then worked to tank her public reputation after she

spoke up about the mistreatment. She named Sarowitz a handful of times in the filing, and

accuses him, the studio's main financier, of bankrolling the smear campaign. The Wayfarer team

responded with a lawsuit of its own on the same day, December 31st,

against the New York Times, which first reported the details of Lively's civil rights complaint,

...