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Net Worth
Ray Davis, a low-profile pipeline mogul and co-owner of the Texas Rangers baseball team, has an estimated net worth of $3.1 billion.
Highlights
- Ray Davis has a net worth of $3.1 billion.
- He co-owns the Texas Rangers baseball team.
- In 1993, Davis and Kelcy Warren acquired Cornerstone, a gas pipeline company.
- They consolidated the pipelines into an efficient network and created the company Energy Transfer Equity.
- Davis has 6% share in Energy Transfer Equity.
Early Life
Ray Davis’ exact birthdate and birthplace are not publicly available.
Career
Ray Davis initially made a name for himself in the business world by partnering with Kelcy Warren to acquire Cornerstone, a gas pipeline company, in 1993. Together, they transformed a small net of pipelines into an efficient network.
In 1999, Davis and Warren transferred the pipeline network to El Paso and founded a natural gas retailer, distributor, and pipeline company called Energy Transfer Equity. Davis served as Co-Chief Executive of the company until 2007 and stepped down from the board in February 2013. However, he still retains a 6% share in Energy Transfer Equity.
Outside of his involvement in the energy industry, Ray Davis gained recognition as the co-owner of the Texas Rangers baseball team. In 2010, he joined forces with Bob Simpson, the founder of XTO Energy, to purchase the team for $593 million.
Personal Life
Details about Ray Davis’ personal life, including his birthdate, birthplace, and height, are not publicly known.
As a low-profile individual, Davis prefers to keep his personal life private.
Net Worth Over Time
Ray Davis’ net worth has grown significantly over the years. Starting with his successful acquisition and consolidation of Cornerstone in 1993, he paved the way for his prosperous career in the energy industry. The creation of Energy Transfer Equity further contributed to the growth of Davis’ net worth.
Additionally, his investment in the Texas Rangers baseball team has proven to be a valuable asset, enhancing his overall wealth. While specific details about the fluctuation of his net worth over time are not available, Davis’ ventures and business acumen have undoubtedly played a crucial role in his financial success.
Components of Net Worth
Ray Davis’ net worth primarily derives from his ownership stake in Energy Transfer Equity and his co-ownership of the Texas Rangers baseball team.
It is important to note that net worth calculations are based on various factors, including public records and estimates. While these figures provide an approximate value, they do not account for potential undisclosed assets or debts.