Early Life
Ray C. Davis was born on October 15, 1941, in Overton, Texas. Information about his early years and childhood is not widely available, as he maintains a private profile. He holds a Master of Business Administration from LeTourneau University's School of Business.
Rise to Success
Davis began his career in the energy industry, where he spent over forty years. He co-founded Energy Transfer Partners (ETP) in 1994 and served as Co-Chief Executive Officer and Co-Chairman of the Board of Directors until his retirement in 2007. He also served as Co-Chairman of the Board of Directors of Energy Transfer Equity (ETE) from its initial offering until his retirement. Davis's involvement with ETP and ETE was pivotal in building successful energy companies. He made his first appearance on the Forbes 400 list in 2008, ranking 367th with a net worth of $1 billion.
Key Business Strategies
Davis's business strategies have focused on building and managing successful energy companies. He also operates Avatar Investments LP, a Dallas-based investment firm. In 2010, he joined a group to purchase the Texas Rangers, and since then, he has been instrumental in their success, culminating in their 2023 World Series victory. Davis has been praised for his leadership and has overseen the growth of the Rangers franchise from a business and community perspective.
Philanthropy
Davis is a philanthropist and has made significant contributions to various charitable organizations. Information on specific amounts is not available.