Ray C. Davis was born in 1941 in New York City, USA, and is a businessman best known to the world as the former co-chief executive officer (CEO) with Kelcy L. Warren, and chairman of Energy Transfer Partners.
Have you ever wondered how rich Ray Davis is, as of mid- 2017? According to authoritative sources, it has been estimated that Davis’ net worth is as high as $2.6 billion, an amount earned through his successful career in business which began in the 1960s.
Ray Davis Net Worth $2.6 Billion
Very little is known about Ray’s roots and growing-up, education including college career.
His first known job was as Chief Operating Officer (COO) at Colt Industries in 1982, a position in which he served until 1988. The same year he started the investment and management company, Capstone Partners.
As early as 1993 Ray started the Energy Transfer Partners – a natural gas and propane company – with Kelcy Warren. The two started the business from nothing and in a decade built it into a pipeline giant. In 1993 they bought gas pipeline company Cornerstone, and renamed it to Energy Transfer Partners in 1995. As their firm grew, so did Ray’s net worth, making him the billionaire he now is, and currently being ranked in the top 300 richest people in the US.
Aside from ETP, Ray started the Energy Transfer Equity in 1999, which became their main firm for gas storing and distribution. This has also added to his wealth.
Then in 2007 he stepped down from his positions, and focused more on investments; he started the Avatar Investments LP.
To speak further of his business endeavors, in 2010 he became the co-owner and co-chairman of the Texas Rangers, an MLB franchise of which Bob Simpson is the second co-owner, and both now do-chairmen, for a price purported to be close to $600 million.
Regarding his personal life, Ray is married and has three children, but further details about his marriage remain unknown in the media. He now resides in Dallas, Texas.
