Ray Davis (businessman) net worth: What is Ray Davis net worth?

According to Forbes, Ray Davis’ net worth is estimated to be $2.9 billion as of December 27th, 2023 1. He is a self-made billionaire who co-founded the natural gas distributor and pipeline company Energy Transfer in 1995.

In 2008, Ray Davis made his first appearance on the Forbes 400 list, ranking 367th with a net worth of $1 billion. In 2012, he ranked 315th with a net worth of $1.5 billion, and he ranked 296th in 2013 with a net worth of $1.9 billion.

Ray Davis serves as the co-owner of the Texas Rangers of Major League Baseball and was the co-chief executive officer and chairman for Energy Transfer Partners and chairman of Energy Transfer Equity.

Ray Davis has donated millions of dollars to various charitable organizations, including the University of Texas Southwestern Medical Center, the Dallas Museum of Art, and the Perot Museum of Nature and Science.

Ray Davis worked in the energy industry for forty years, until he retired as the CEO of ETP and ETE in 2007. He operates the Dallas-based investment firm, Avatar Investments LP.