Ray Davis

Ray Davis

Ray Davis (#1082)

  • $ 4 B
  • Pipelines
  • United States
  • M
  • 84 Years

About Me

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 about 130,000 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 $1.8 billion net of debt.
About Images

Achievements

Career Highlights

A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Ray Davis’s rise and global influence.

  • #1108   Billionaires (2026)
  • #389   Forbes 400 (2025)

Wealth Growth

Net Worth Growth Over Time

Tracking Ray Davis’s net worth journey over the years, highlighting key growth phases and financial milestones.

Current Net Worth: $4.0B (May 4, 2026)