BillionaireNet
Davis
Mark Davis
Rank #1563
UNITED STATESsportsLas Vegas Raiders

Mark Davis

Net Worth
$2.542B
0% (24h)
Mark Davis is the owner of the Las Vegas Raiders, an NFL franchise he inherited from his father, Al Davis, in 2011. Born in Brooklyn, New York, and a graduate of California State University, Chico, Davis began his career in the Raiders' equipment room and later in retail. He is known for his focus on business matters, leaving on-field decisions to the football operations staff, a departure from his father's hands-on approach. As of October 2024, his estimated net worth was $2.3 billion. The Raiders' value has grown significantly under his leadership, especially with the move to Las Vegas and the construction of Allegiant Stadium.

The Full Dossier

Early Life

Mark M. Davis was born on May 18, 1955, in Brooklyn, New York, to Al and Carol Davis. He is a graduate of California State University, Chico. Prior to inheriting co-ownership of the team, Davis was involved in the retail part of the Raiders' business where he helped develop their Raider Image stores. He also spent time in the Raiders equipment department.

Rise to Success

After the death of his father, Al Davis, in 2011, Mark and his mother, Carol, inherited ownership of the Raiders. Mark took over as the operating head of the franchise. Davis controls the Raiders' day-to-day operations and represents the Raiders at owners' meetings. He has focused on business matters while leaving on-field matters to the football operations staff.

Key Business Strategies

One of Davis's most significant moves was relocating the Raiders to Las Vegas in 2020. This involved constructing the Allegiant Stadium, a $1.9 billion project. Under Davis's leadership, the Raiders' valuation has increased significantly. He has also diversified the team's ownership by selling stakes to new investors, including Egon Durban and Michael Meldman. He also owns the Las Vegas Aces of the WNBA.

Philanthropy

Mark Davis is committed to philanthropy and community service, particularly in Las Vegas and Oakland. He has supported local schools, provided resources for underserved communities, and invested in youth sports programs. He is also involved in the Keep Memory Alive organization.

Career Timeline

2024

Sold a 15% stake of the team

Sold a 15% stake to Egon Durban, and Michael Meldman

2022, 2023, 2025

WNBA Champion

Won three WNBA Championships with the Las Vegas Aces.

2021

Acquisition of Las Vegas Aces

Purchased the Las Vegas Aces of the WNBA.

2020

Relocation to Las Vegas

Oversees the move of the Raiders to Las Vegas and the construction of Allegiant Stadium.

2011

Principal Owner of the Las Vegas Raiders

Inherited ownership of the Raiders after his father's death and became the managing general partner.

Philanthropic Impact

Education$1M

Uvalde School District Donation

Donated $1 million to the Uvalde Consolidated Independent School District following the Robb Elementary School shooting.

EnvironmentalUnknown

Environmental Issues

Focused on environmental issues through charitable giving.

Health and Medical ResearchUnknown

Health and Medical Research

Supports health and medical research through charitable giving.

Women's Economic EmpowermentUnknown

Women's Economic Empowerment

Focused on women's economic empowerment through charitable giving.

Wealth Trajectory