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Forbes Daily Briefing

AI Data Centers Are Set To Electrify This $13 Billion Family’s 76-Year-Old Company

Forbes Daily Briefing

Forbes

Business, Tech News, News

4.418 Ratings

🗓️ 11 July 2026

⏱️ 6 minutes

🧾️ Download transcript

Summary

For the citizens of Carrollton–a small city in west Georgia covered in lush trees and flanked by the Little Tallapoosa River–the name Richards, or at least Southwire, is instantly recognizable. Many of its 28,000 residents work for the company, which has been headquartered here for more than half a century. Southwire’s founder Roy Richards (d. 1985) was deeply involved in his hometown, serving as chairman of the Carroll City-County Hospital Authority; chairman of Peoples Bank of Carrollton; a past president of the Carroll County Chamber of Commerce; and a former director of the Georgia Chamber of Commerce. The University of West Georgia’s Richards College of Business in town is named after him, thanks to a gift to the school by his son Roy Richards, Jr., who set up a family foundation in 1990 to continue supporting the city and surrounding areas. Southwire is also known for its highly celebrated 12 for Life program, a nearly two-decade partnership between the company and local schools that combines traditional classroom instruction with jobs inside a modified manufacturing environment and has boosted graduation rates at the city’s high schools to over 90%, up from 64% when the program kicked off in 2007. By Simone Melvin Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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Just text car to 80800. That's car to 80800. Benson Goldstein Limited is authorised and regulated by the SRA. 36% fee. You can claim free, direct to your lender via the FCA redress scheme or the financial ombudsman. Network charges may apply. Today on Forbes, AI data centers are set to electrify this $13 billion family's 76-year-old company. For the citizens of Carrollton, a small city in West Georgia covered in lush trees and flanked by the Little Talapusa River,

1:10.0

the name Richards, or at least Southwire,

1:13.0

is instantly recognizable. Many of its 28,000 residents work for the company, which has been

1:19.3

headquartered here for more than half a century. Southwire's founder Roy Richards, who died in

1:24.9

1985, was deeply involved in his hometown, serving as chairman of the

1:29.9

Carroll City County Hospital Authority, Chairman of People's Bank of Carrollton, a past

1:35.1

president of the Carroll County Chamber of Commerce, and a former director of the Georgia

1:39.5

Chamber of Commerce. The University of West Georgia's Richards College of Business, in town, is named after

1:46.2

him, thanks to a gift to the school by his son, Roy Richards Jr., who set up a family foundation

1:52.1

in 1990 to continue supporting the city and surrounding areas. Southwire is also known for its

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