Ray Davis
$3.7B
Born
Dec 18, 1941
Age
84
Source of Wealth
Pipelines
Residence
Dallas, Texas
Citizenship
United States
Marital Status
Married
Children
3
Education
Master of Business Administration, LeTourneau University's School of Business
- 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.
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