Bloomberg Billionaires Index

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# 466 Gary Rollins $4.33B

Random fact: Father Wayne had a modest upbringing on a Georgian farm.

Overview

Rollins is vice chairman and CEO of Rollins Inc, a pest control group with more than 2.4 million customers. The Atlanta-based company's biggest division is Orkin, a provider of termite, rodent and other pest control services. He and his brother Randall have stakes in other public companies including RPC and Marine Products.

As of :
Last change +$134M ( +3.2%)
YTD change +$555M ( +14.7%)
Industry Industrial
Biggest asset ROL US Equity
Citizenship United States
Age 75
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Gary Rollins's net worth of $4.33B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Rollins' fortune is derived from his 26% stake in Rollins Inc, a pest control group. He owns the shares through his interest in RFPS, a holding company, as well as trusts and other investment vehicles, according to the company's 2019 proxy statement.

Rollins Inc has more than 2.4 million customers, according to its website.

Other investments include a 34% stake in RPC, 34% of Marine Products and 15% of Dover Motorsports. Stakes are calculated based on ownership data disclosed in the companies 2019 proxy statements.

The value of his cash investments is based on an analysis of dividends, taxes and market performance.

Lia Conrad, a spokesperson for Rollins Inc, didn't respond to a request for comment on the net worth calculation.

Biography

Birthdate:
Family: Married, 4 children
Education: University of Tennessee at Chattanooga Foundation

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's been vice chairman of Rollins Inc since 2013, according to Bloomberg data.

Milestones
  • 1964 Orkin is acquired by Rollins for $62 million.
  • 1968 Rollins begins trading on the NYSE.
  • 2001 Orkin celebrates 100th Anniversary.
  • 2016 Rollins Inc. announces record revenue of $1.5 billion.