Kelcy Warren net worth

Born November 9, 1955 in Gladewater, Texas, USA, Kelcy Lee Warren is a businessman perhaps best known as the CEO and chairman of the oil industry infrastructure company Energy Transfer Partners. Warren is also known for his philanthropic endeavors, especially with children.

What is the Kelcy Warren net worth? Authoritative sources have estimated his net worth as high as $ 2.7 billion as per data released in mid-2017. His assets include Preston Hollow real estate valued at over $ 25 million and his Pagosa Springs ranch valued at $ 46.5 million. and other. Pipelines are the main source of Warren’s fortune.

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Kelcy Warren is worth $ 2.7 billion

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Initially, the boy grew up in White Oak, Texas, with his parents Bertie Lee Kirby and Hugh Brinson Warren. His father was then working at Sun Pipeline, which is now owned by Kelcy Warren himself. Kelcy was educated at White Oak High School and then enrolled at the University of Texas at Arlington, where he graduated with a bachelor’s degree in civil engineering in 1978.

Regarding his career, he worked for the Lone Star Gas Company after graduating and later moved to Endevco. In the late 1980s, he was named executive vice president of Cornerstone Natural Gas. He was promoted to the positions of CEO and President, which he held until 1996. In 1995 he founded Energy Transfer Partners (ETP) and has been CEO since then. ETP currently has 100,500 km of natural gas and NGL pipelines, 9,500 km of oil pipelines, 4,350 km of product lines and 1,340 filling stations. In Mont Belvieu, ETP has large liquid gas fractionators (ethane, propane). The terminal in Lake Charles is currently being converted from import to export.

Meanwhile, he was director, CEO and President of Cornerstone Natural Gas in the early 1990s and was a director of Crosstex Energy in the late 1990s and served on the board of directors of the aforementioned company.

Warren is also a co-owner of the Music Road Records label, which he started with Fred Remmert and Jimmy LaFave.

He also bought Lajitas Resorts in Texas as an investment in 2007, despite the fact that the place was bankrupt at the time.
After all, in Kelcy Warren’s personal life, he was married to Sherry Johnson from 1980 to 1991. In 2010, Kelcy married Amy Hudson. He fathered a son. Warren now lives in Preston Hollow, Dallas, Texas.

In addition, Kelcy Warren is known for his philanthropic endeavors, particularly through his non-profit Cherokee Crossroads. The above organization raises funds for various children’s needs. The Cherokee Creek Music Festival is organized annually to raise funds. In 2012, it was revealed that the businessman had donated $ 10 million to build a park in central Dallas, Texas, named after his son, Klyde Warren. According to the agreement, his son cleans this park once a month. It should be noted that Kelcy also set up the foundation under his own name, which funds the Caddo Lake institution. In 2016, Warren supported Donald Trump’s presidential campaign.

Kelcy Warren Net Worth first appeared on Net Worth Post.

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