Roy E. Carroll II has built a remarkable fortune of $2.9 billion primarily through his ventures in real estate and apartment construction. Rising from a modest upbringing, Carroll has established himself as one of the largest landowners in the United States. His journey is not just a story of wealth; it is also a testament to the power of perseverance and philanthropy.
As the founder and chairman of The Carroll Companies, Carroll is renowned as a successful businessman and real estate developer. His extensive portfolio spans commercial, residential, and industrial properties, which has earned him recognition from Forbes as a leading figure in the industry.
Roy Carroll's early life was marked by challenges, shaping his work ethic and ambition. Born in 1962 in Greensboro, North Carolina, he faced financial hardships after his father lost his job. This experience instilled a sense of responsibility in him from an early age, prompting him to take on multiple jobs while in high school to support his family.
| Personal Details | Information |
|---|---|
| Name | Roy E. Carroll II |
| Date of Birth | 1962 |
| Place of Birth | Greensboro, North Carolina, USA |
| Net Worth | $2.9 Billion |
| Occupation | Real Estate Developer |
| Philanthropy | Supports multiple non-profit organizations |
Table of Contents
Biography
Roy E. Carroll's biography is one of resilience and determination. He grew up in a working-class family where financial struggles were prevalent. His father's job loss pushed him to take charge at a young age, leading to his eventual success in real estate.
Early Life and Education
During his teenage years, Carroll worked various jobs, including being a school bus driver and a grocery store attendant, to help support his family. Education was important to him, but financial constraints led him to transfer from Emmanuel College in Georgia back to the University of North Carolina, where he ultimately decided to pursue a real estate broker's license instead of completing his degree.
Career and Business Ventures
Carroll's interest in real estate was sparked by working alongside his father on a construction project. This hands-on experience laid the foundation for his future endeavors. In the mid-1990s, he founded Carroll Investment Properties and expanded into commercial land development, establishing a significant presence in the real estate market.
His companies, including Capstone Management Company and CIP Construction Company, have built and managed thousands of residential units. Carroll's innovative approach, including establishing Bee Safe Storage, has driven his continued success even during challenging economic times.
Philanthropic Efforts
Beyond his business achievements, Roy Carroll is committed to philanthropy. He supports various causes, including the "Building an End to Diabetes" program, which has raised substantial funds for diabetes research. He also contributes to organizations focused on water purification technologies in developing countries, showcasing his dedication to making a positive impact on society.
