Ray Davis
Dallas, Texas
Master of Business Administration, LeTourneau University's School of Business
United States
8
pipelines, Self Made
$2,400,000,000
962
#962 Billionaires 2019
#316 Forbes 400 2018
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 but still owns 6% of the listed company.In June 2017, despite protests by the Standing Rock Sioux tribe, Energy Partners finished building the $3.8 billion Dakota Access Pipeline.Energy Transfer Partners says the 1,172-mile pipeline could transport 500,000 barrels of oil daily.
In 2010, Davis and a group of investors bought the Texas Rangers baseball team for $593 million; it's now valued by Forbes at $1.55 billion.In 1991 Davis tried his luck as CEO of publicly-traded dental supplies distributor Healthco, but the company filed for bankruptcy in 1993.
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