Ray C. Davis has an estimated net worth of $2.6 Billion
Ray C. Davis – A Brief Biography
Ray C. Davis was born in 1941 in New York City, USA. He gained recognition as the former co-chief executive officer (CEO) and chairman of Energy Transfer Partners.
As of mid-2017, Ray Davis’ net worth is estimated to be $2.6 billion, accumulated through his successful business career which commenced in the 1960s.
Ray Davis’ Net Worth of $2.6 Billion
Little is known about Ray’s early life and education. His professional journey started as the Chief Operating Officer (COO) at Colt Industries in 1982, which he held until 1988. Subsequently, in the same year, he founded the investment and management company, Capstone Partners.
In 1993, Ray and Kelcy Warren established Energy Transfer Partners, a natural gas and propane company, and quickly transformed it into a pipeline powerhouse. The purchase of gas pipeline company Cornerstone in 1993, which was later renamed Energy Transfer Partners, was a significant milestone in their business expansion. Subsequently, the growth of the firm augmented Ray’s net worth, securing his position among the top 300 richest individuals in the US.
Additionally, Ray initiated Energy Transfer Equity in 1999, serving as the primary company for gas storage and distribution, further contributing to his wealth.
In 2007, he stepped down from his executive roles to concentrate on investments and launched Avatar Investments LP.
Expanding his business portfolio, in 2010, Ray became the co-owner and co-chairman of the MLB franchise, the Texas Rangers, alongside Bob Simpson, with both assuming the role of co-chairmen, for a purported price nearing $600 million.
Regarding his personal life, Ray is married and has three children, although specific details about his marriage are not publicly disclosed. He currently resides in Dallas, Texas.
| Net Worth | $2.6 Billion |
| Date Of Birth | 1941 |
| Place Of Birth | New York City, USA |
| Profession | Businessman, Former Chairman of Energy Transfer Partners, Co-owner, co-chairman Texas Rangers of Major League Baseball (MLB) |
| Nationality | American |
| IMDB |
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