Ray Davis has finally accomplished the goal he set 15 years after purchasing the club! The Rangers won the World Series and many people are wondering if Ray Davis’ religion had something to do with it. The corporate tycoon abandoned his energy company and invested his fortune in baseball. Now he can enjoy the fruits of his investments. Money can only buy so many things, and millionaire Ray Davis is no exception. Davis is co-owner and president of the Major League Baseball (MLB) Texas Rangers.
The Rangers had just won a World Series title under the watch of Bruce Bochy. This has 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 run several large corporations. Prior to his current project, he served as co-CEO and chairman of Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE).
Ray Davis’ Religion: His Ethnicity and Political Views
Ray Davis was a God-fearing and Christian man. He often feels closer to God when he gives back to the community. Davis, a humanitarian at heart, knows what the Bible teaches about compassion and tries to follow it to every detail. As every other Christian thinks, charity is the pure love of Jesus Christ. God’s teaching is to love one another.
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As a result, he donated $1 million to both the George W. Bush Presidential Library and Museum in Dallas and the Buckner Foundation, a Christian organization based in Dallas. Additionally, $1 million was donated to International Justice Mission, a Christian-oriented human rights group based in Washington, DC. This mission is to rescue the victims of slavery and other brutal forms of tyranny.
His ethnicity and political leanings
The company tycoon prefers to remain anonymous and has not yet revealed his ethnicity. However, some sources claim that he has political leanings. It was previously known that he was a philanthropist and loved to contribute to his community. Although some of his gifts were motivated by humanitarian reasons, others were motivated by political considerations.
According to state campaign finance records, Davis has contributed at least $225,000 to Texans supporting Greg Abbott, the state’s right-wing Republican governor, since 2021. He also supports other campaigns of other Republican politicians.
Ray Davis Net Worth: How Rich Is He?
According to Forbes magazine, Ray Davis’ net worth is estimated to reach $2.9 billion by 2024. Before joining the baseball company, he served as CEO of two fossil fuel companies: Energy Transfer Partnership (ETP) and Energy Transfer Equity (ETE). ETP is a natural gas and pipeline distributor. Davis stepped down as CEO in 2007. However, he continued to hold 2.4% of the group’s shares.
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Davis first appeared on the Forbes 400 list in 2008, ranked 367th with a net worth of $1 billion. In 2012, he ranked 315th with a net worth of $1.5 billion, while in 2013, he ranked 296th with a net worth of $1.9 billion. Despite opposition from the Standing Rock Sioux tribe, Energy Transfer completed construction of the $3.8 billion Dakota Access Pipeline in 2017.
The company owns and manages more than 125,000 miles of pipelines, transporting approximately 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 now worth $1.5 billion.
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Categories: Biography