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.
Hey Roy….how about giving the City a Cool Couple of Million to keep from a tax increase. They’ve given you more than that.
Oh, that’s right…you don’t live in Greensboro anymore. You are living in Montana!
Do you begrudge his good fortune? Wish you had some, but don’t?
He may or may not be in Montana, but all those properties he has in the city and surrounding areas will be making a significant contribution to the tax system. Given the way the city of Greensboro is going….tax & spend, tax & spend, we might all be wise to start hunting a place in Montana.
Montana, Idaho, etc. are good choices. I am good for that, but it is too late for me – and too cold.
Hardworking humble guy, by all indications. Good for him.
All the best entrepreneurs are college dropouts. The most intelligent lad in our “creme de la creme” A-Stream at Leeds Grammar School dropped out of Oxford after his first year. I refused even to apply to Oxford (to the consternation of all the Masters), as I pointedly asked them “What would you rather have, a piece of paper that says you’re brilliant, or a million pieces of paper that say you’re brilliant?’
Carroll deserves his success. The education industry is mostly BS.
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PS
Hey John – it might be time to ask for a raise!
And look where you are now Austin
I’m in Greensboro, NC – like you.
What’s the problem?
Even now, you can make it with hard & smart work, and a little luck. Their is still hope for us all – but not according to the Socia…..uh, Democrat Party.
Wait you think he built his success without any assistance? Just his hard work? Or maybe his father helped him startup his first contracting business. Then used that experience to build his empire. Not that hard work was not a big part of his success. But most of those that build large business success have had lift up from family or large investor they connected with via social networks that are not accessible to all.
For example, Trump received milliions from his daddy and then had his first project bailed out by daddy. Yet Trumpers think he is one of them. LOL suckers.
Roy is not Trump and bought his fathers half of their construction business learn the facts before you speak you wanna be “redneck”
He started the business WITH his father. LOL, read the article before you speak ‘redneck critic’. LOL
He did start the business with his father it wasn’t handed to him he wanted to continue it and did his father didn’t so he sold his half to Roy SOLD not given and Roy continued on you brainless little wannabe redneck turd. You’d not be a pimple on a real rednecks arse
I, for one, am very proud of Roy Carroll and that he calls Greensboro home. I hope his success and fortunes continue.
While on Roy Carroll and all he has built and is building, WHEN AND WHERE IS HIS “SUPER” HIGH RISE GOING TO BE BUILT? Why not go even higher than the originally said “close to 600 feet”? Why not do it even better and help put Greensboro back in the forefront? Why not go even higher… say 800 feet. How awesome!
My life has been a great relationship, with the meeting of Roy Carroll. I was an employee, I was struck with a lung transplant ; and he was there to assure. I received all co. benefits, and provide an apartment for my recovery.
I can’t say anything; other than, he is great man, deserves everything he has.
Awesome motivational story