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Davis
Ray Davis
Rank #1078
UNITED STATES•Energy•Pipelines

Ray Davis

Net Worth
$3.915B
-0.04% (24h)
Ray Davis is an 84-year-old American businessman, primarily known for co-founding Energy Transfer LP, a major energy infrastructure company. With a career spanning over four decades in the energy sector, Davis built Energy Transfer into one of the largest pipeline operators in the United States. He retired as co-CEO in 2007 but remains a significant figure, with an estimated net worth of $3.9 billion. Beyond his business ventures, Davis is co-owner and co-chairman of the Texas Rangers baseball team, which won the World Series in 2023. He is known for his private nature and significant contributions to the success of the Texas Rangers organization.

How to read Ray Davis's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Ray Davis, we anchor the narrative to Pipelines and Pipelines, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $3.915B alongside global rank #1078, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (UNITED STATES) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Ray C. Davis was born on October 15, 1941, in Overton, Texas. Details of his early life and childhood are not widely available, as he prefers to maintain a private profile. Davis has a Master of Business Administration from LeTourneau University's School of Business.

Rise to Success

Davis spent 40 years in the energy industry before retiring as CEO of Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) in 2007. In 1996, he co-founded Energy Transfer with Kelcy Warren. The company initially focused on natural gas pipelines in East Texas, evolving into a major midstream energy company with approximately 140,000 miles of pipelines across the U.S. as of 2025. Davis made his first appearance on the Forbes 400 list in 2008, with a net worth of $1 billion. His net worth reached $1.9 billion in 2013.

Key Business Strategies

Davis's key business strategy involved building Energy Transfer into a dominant player in the energy infrastructure sector. This included strategic acquisitions and infrastructure development, such as the Dakota Access Pipeline, which despite controversy, increased the company's crude oil transportation capacity.

Philanthropy

Ray Davis is a philanthropist, but the exact amounts and details of his philanthropic endeavors are not readily available in public sources. Davis also has significant contributions to the success of the Texas Rangers organization.

Career Timeline

2023

Texas Rangers World Series Victory

The Texas Rangers won the World Series.

2010

Co-owner and Co-chairman of the Texas Rangers

Acquired the Texas Rangers baseball team.

2008

First appearance on Forbes 400

Entered the Forbes 400 list with a net worth of $1 billion.

2007

Retired as CEO of ETP and ETE

Retired from his position as co-CEO of Energy Transfer Partners and Energy Transfer Equity.

1996

Co-founded Energy Transfer

Founded with Kelcy Warren, the company started as a natural gas pipeline operator.

Philanthropic Impact

General PhilanthropyUndisclosed

Not specified

Significant contributions to various charitable organizations.

Key Business Ventures & Holdings

CompanyStakeValue
Energy Transfer LP——

Net Worth History

In-Depth Analysis

Early Life

Ray C. Davis was born on October 15, 1941, in Overton, Texas. Details of his early life and childhood are not widely available, as he prefers to maintain a private profile. Davis has a Master of Business Administration from LeTourneau University's School of Business.

Rise to Success

Davis spent 40 years in the energy industry before retiring as CEO of Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) in 2007. In 1996, he co-founded Energy Transfer with Kelcy Warren. The company initially focused on natural gas pipelines in East Texas, evolving into a major midstream energy company with approximately 140,000 miles of pipelines across the U.S. as of 2025. Davis made his first appearance on the Forbes 400 list in 2008, with a net worth of $1 billion. His net worth reached $1.9 billion in 2013.

Key Business Strategies

Davis's key business strategy involved building Energy Transfer into a dominant player in the energy infrastructure sector. This included strategic acquisitions and infrastructure development, such as the Dakota Access Pipeline, which despite controversy, increased the company's crude oil transportation capacity.

Philanthropy

Ray Davis is a philanthropist, but the exact amounts and details of his philanthropic endeavors are not readily available in public sources. Davis also has significant contributions to the success of the Texas Rangers organization.

Data Sources & Methodology

Figures for Ray Davis are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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