Ray Davis
$3.55B
as of 10/04/24
About Ray Davis
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 over 125,000 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 $1.7 billion net of debt.
Personal stats
Citizenship
United States of AmericaSource of wealth
PipelinesResidence
Dallas, TexasMarital status
MarriedBirth date
12/18/41 (age 82)Number of children
3Education
Master of Business Administration, LeTourneau University's School of BusinessSelf-made
self-madeRay Davis’s fortune is worth
59K
troy ounces of gold
55K
median U.S. household
35K
median U.S. income
0.071%
U.S. credit card volume
0.014%
GDP of the United States
0.01%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
In 1991, Davis tried his luck as CEO of publicly-traded dental supplies distributor Healthco, but the company filed for bankruptcy in 1993.
Net worth over time
Real-time ranking
Financial assets
NYSE | ET-US
Energy Transfer Equity L.P.Images © Forbes.com. All rights reserved.