Rollins is chairman and chief executive of Rollins Inc, a pest control group with more than 2 million customers. The Atlanta-based company's biggest division is Orkin, a provider of termite, rodent and other pest control services. He also holds stakes in other publicly traded companies including RPC and Marine Products.
Gary Rollins's net worth of $5.65B can buy ...
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The majority of Rollins' fortune is derived from his 24% stake in Rollins Inc, a pest control group. He owns the shares through his interest in LOR, a holding company, as well as trusts and other investment vehicles, according to the company's 2021 proxy statement.
Rollins Inc has more than 2 million customers, according to its website.
Other investments include a 32% stake in RPC and 34% of Marine Products. Stakes are calculated based on ownership data disclosed in company filings including the 2021 proxy statements.
The value of his cash investments is based on an analysis of dividends, taxes and market performance.
Lia Vaughn, a spokesperson for Rollins Inc, declined to comment on the net worth calculation.
Gary Rollins was born to O. Wayne Rollins and Grace Crum Rollins on Aug. 30, 1944 in Georgia.
Wayne worked at a textile mill and power company before buying a string of radio stations with his brother John.
In 1964, Wayne purchased Orkin, a pet control company from its namesake family. Wayne's sons Gary and Randall worked in the business alongside their father.
A family trust was amended in 1986. The Rollins Children's Trust, which by this stage was highly valuable, provided the basis for the distribution of funds to Wayne's grandchildren. Wayne, who grew up poor, was concerned about the burden on wealth on his lineage, according to reports.
By the time Wayne died in 1991, Gary and Randall were in charge of the family fortune. A protracted dispute followed between the brothers and some of the trust's beneficiaries.
Gary Rollins is a graduate of the University of Tennessee. He was vice chairman of Rollins Inc between 2013 and 2020 and became chairman following the passing of Randall on Aug. 17, 2020.