Ray Davis net worth

Ray C. Davis was born in New York City, USA in 1941 and is a world-famous businessman as a former Co-CEO (CEO) with Kelcy L. Warren and Chairman of Energy Transfer Partners.

Have you ever wondered how rich Ray Davis was in mid-2017? Davis’ net worth is estimated at $ 2.6 billion, according to authoritative sources, an amount earned through his successful career in business that began in the 1960s.

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Ray Davis net worth of $ 2.6 billion

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Very little is known about Ray’s roots, growing up, education, and college career.

His first known position was in 1982 as Chief Operating Officer (COO) of Colt Industries, a position he held until 1988. In the same year he founded the investment and management company Capstone Partners.

Back in 1993, Ray founded Energy Transfer Partners – a natural gas and propane company – with Kelcy Warren. The two started the business from scratch and grew it into a pipeline giant in a decade. In 1993 they bought Cornerstone gas pipeline company and renamed it Energy Transfer Partners in 1995. As her company grew, so did Ray’s fortune, making him the billionaire he is today and currently one of the 300 richest people in the world, according to US.

Aside from ETP, Ray founded Energy Transfer Equity in 1999, which has grown to become their premier gas storage and distribution company. This has also contributed to its wealth.

In 2007 he resigned from his positions and focused more on investing; he founded Avatar Investments LP.

To speak even more of his business endeavors, in 2010 he became a co-owner and co-chair of Texas Rangers, an MLB franchise that is second jointly owned by Bob Simpson and both are now chairmen, for a purported price close to $ 600 million be.

Regarding his personal life, Ray is married with three children, but other details about his marriage remain unknown in the media. Today he lives in Dallas, Texas.

Ray Davis Net Worth first appeared on Net Worth Post.

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