Rank #1091
Ray Davis
Net worth $3.9B
Pipelines · United States
- Born
- Dec 18, 1941
- Age
- 84
- Source
- Pipelines
- Residence
- Dallas, Texas
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
- Master of Business Administration, LeTourneau University's School of Business
Net worth over time
Biography
- Ray Davis and fellow billionaire Kelcy Warren founded natural gas distributor and pipeline company Energy Transfer in 1995 and built it into a giant.
- Davis stepped down as co-CEO in 2007 and left the board in 2022.
- In 2017, despite protests by the Standing Rock Sioux tribe, Energy Transfer finished building the $3.8 billion Dakota Access Pipeline.
- Energy Transfer is one of the largest energy companies in the U.S., operating about 130,000 miles of pipeline for oil and natural gas.
- Davis and a group of investors bought the Texas Rangers baseball team for about $600 million in 2010; it's now worth $1.8 billion net of debt.
- In 1991, Davis tried his luck as CEO of publicly-traded dental supplies distributor Healthco, but the company filed for bankruptcy in 1993.
Financial assets
| Exchange | Ticker | Shares | Price |
|---|