Greensboro native and resident Roy Carroll is included on the Forbes “World’s Billionaire List” for 2023.
This is the first year that Carroll, the owner, CEO and president of The Carroll Companies, has been on the Forbes list of the world’s richest people. Carroll’s net worth is listed as $2.9 billion, which, according to Forbes, makes him the 1,027th richest person in the world.
The Forbes profile of Carroll states:
“• Roy Carroll II is the founder and CEO of Greensboro, North Carolina-based real estate developer Carroll Companies.
“• He cofounded the firm with his late father in 1983, when he was 21 years old, as a small custom homebuilding company.
“• Carroll bought out his father’s stake in 1990 and expanded into building subdivisions and later into apartment complexes.
“• Carroll Companies now owns more than 13,000 apartments and 29 self-storage facilities in six states across the Southeast and in Montana.
“• He also owns a local online publication, the Rhino Times, as well as an extensive collection of Ferrari sportscars.”
In April, Forbes released a video interview of Carroll, “How A College Dropout Built A $2.9 Billion Real Estate Empire.”
The intro to that video stated that The Carroll Companies has over $5.2 billion in real estate assets.
While Carroll has developed apartments and Bee Safe Storage facilities throughout the Southeast, he has remained committed to Greensboro. The huge Publix distribution facility in southeast Greensboro was built on land owned or controlled by Carroll.
Carroll bought the old Wachovia building, which had been a vacant eyesore in downtown Greensboro for decades, and renovated it to become Center Pointe, a luxury high rise condominium development.
Carroll Bellemeade, on North Eugene and Bellemeade streets, includes 300 apartment units and a Hyatt Place hotel. When the Hyatt Place opened in 2019, it was the first new hotel to open in downtown Greensboro in 30 years.
Carroll currently is in the demolition phase of a major mixed-use development, Carroll Ballpark South, on the block bounded by Bellemeade Street, North Eugene Street and Friendly Avenue. The project will include a hotel, meeting and office space, retail and apartments. When the project was announced in 2019, the estimated cost was $140 million.