Ray Davis finally achieved what he set out to do 15 years after buying the club! The Rangers won the World Series, and many wonder if Ray Davis’ faith had anything to do with it. The corporate magnate left his energy company and invested his fortune in baseball. Now he can enjoy the fruits of his investment. Money can only buy so much, and millionaire Ray Davis is no exception. Davis is the co-owner and president of the Major League Baseball (MLB) Texas Rangers.
The Rangers had just won the World Series under Bruce Bochy. This allowed Davis to gain an advantage over his closest competitors. Ray Davis, born October 15, 1941 in Overton, Texas, is an experienced businessman who has led several large corporations. Prior to the current project, he was co-CEO and President of Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE).
The Religion of Ray Davis: His Ethnicity and Political Attitudes
Ray Davis is a God-fearing individual who practices Christianity. He usually feels closer to God when he gives back to the community. Davis, a humanitarian at heart, knows what the Bible teaches about compassion and strives to follow it to the letter. As every other Christian thinks, charity is the pure love of Jesus Christ. The Lord’s instruction is to love one another.
As a result, he contributed $1 million to the George W. Bush Presidential Library and Museum in Dallas and the Buckner Foundation, a Dallas-based Christian organization. In addition, $1 million was donated to the International Justice Mission, a Christian-based human rights group based in Washington, DC. The mission is to rescue the victims of slavery and other types of brutal tyranny.
His ethnicity and political affiliations
The corporate magnate wishes to remain anonymous and has yet to reveal his ethnicity. However, some sources suggest that he has a political bent. He is known to be a philanthropist who likes to give back to his community. Although some of his gifts are motivated by humanitarian reasons, others are motivated by political reasons.
According to state campaign finance records, Davis has contributed at least $225,000 to Texans since 2021 in favor of Greg Abbott, the state’s right-wing Republican governor. He also supported the campaigns of other Republican politicians.
Ray Davis Net Worth: How Rich Is He?
Ray Davis’ net worth is estimated to reach $2.9 billion by 2024, according to Forbes magazine. Before joining the baseball company, he was the CEO of two fossil fuel companies: Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE). ETP is a natural gas pipeline and distributor. Davis resigned as CEO in 2007. However, he still holds 2.4% of the corporation.
Davis first appeared on the Forbes 400 list in 2008, ranking 367th with a net worth of $1 billion. In 2012, he was ranked 315th with a net worth of $1.5 billion, while in 2013, he was ranked 296th with a net worth of $1.9 billion. Despite protests from the Standing Rock Sioux Tribe, Energy Transfer completed construction of the $3.8 billion Dakota Access Pipeline in 2017.
The company owns and operates more than 125,000 miles of pipelines, which transport about 30% of America’s oil and natural gas. Davis and a group of investors spent about $600 million on the Texas Rangers in 2010, and the franchise is currently valued at $1.5 billion.
Categories: Entertaintment
Source: HIS Education