⬅ # 457 Lynn Schusterman|# 459 Teddy Sagi

# 458 Kelcy Warren 


Real Time Net Worth
as of 4/12/2024
-$65.3M (-1.00%)

# 458 Kelcy Warren 


Real Time Net Worth
as of 4/12/2024
-$65.3M (-1.00%)
OccupationCofounder, Chair, and CEO of Energy Transfer Partners
Source of WealthPipelines
ResidenceDallas, Texas
Marital StatusMarried
EducationBS, University of Texas Arlington
Age-Adjusted Net Worth$3.80B
Kelcy Warren
Kelcy Warren
United States
Net worth: $6.53B

Self-Made Score 

Wealth History

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Early Life and Education

Kelcy Lee Warren was born on November 9, 1955, in Gladewater, Texas, and grew up in White Oak, Texas.
He is the youngest of four sons born to Hugh Brinson Warren and Bertie Lee Kirby.
Warren earned a bachelor's degree in civil engineering from the University of Texas at Arlington in 1978.

Early Career

Warren's career in the energy sector began at Lone Star Gas Company, followed by his tenure at Endevco.
From 1989 to 1990, he served as executive vice-president of Cornerstone Natural Gas and later became its president and CEO from 1993 to 1996.
In 1996, Warren co-founded Energy Transfer Partners, now known as Energy Transfer, with Ray Davis.

Career Highlights

Warren has served as co-chairman and co-CEO of Energy Transfer Partners since 2007.
He has more than 25 years of experience in the energy industry.
In 2007, Warren purchased the bankrupt Lajitas Resorts in Lajitas, Texas, as a real estate investment.
He acquired the Roatan Electric Company (RECO) in 2008 and serves as its president and chairman of the board.
Governor Greg Abbott of Texas appointed Warren to the Texas Parks and Wildlife Commission in 2015.

Philanthropy and Political Activities

Warren's philanthropy has varied; in 2020, Forbes rated his philanthropic efforts poorly, giving him a score of '1' out of 5.
He hosts the Cherokee Music Festival annually since 2007 to raise funds for children's charities and local public service organizations.
Warren donated $10 million towards the construction of Klyde Warren Park in downtown Dallas in 2012, named after his son.
He supports the Caddo Lake Institution through The Kelcy Warren Foundation, aiming to protect the ecological integrity of Caddo Lake and its surroundings.
Warren has been politically active, donating to several political campaigns, including Governor Rick Perry's and President Donald Trump's presidential campaigns.

Personal Life and Assets

Warren was married to Sherry Johnson from 1980 to 1991 and later married Amy Hudson in 2010.
He has one son named Klyde Warren.
Warren resides in Preston Hollow, Dallas, on an estate valued at over $30 million and owns additional properties including the BootJack Ranch in Colorado and a private island near Roatán, Honduras.
In 2020, he acquired Castletown Cox house and estate in County Kilkenny, Ireland, for €12.6 million.
He is known for his passion for music, co-founding the independent record label Music Road Records in 2007.

Business Ventures and Achievements

Energy Transfer, co-founded by Warren, operates over 125,000 miles of pipelines, moving about 30% of America's oil and gas.
The company completed the controversial Dakota Access Pipeline in 2017, despite protests.
Warren's business interests extend beyond Energy Transfer, with investments in real estate, resorts, and electric companies.
He has been involved in various acquisitions, including the bankrupt Lajitas Resorts, Roatan Electric Company, and others.
Energy Transfer has expanded through acquisitions, including Regency Energy Partners in 2015 and SemGroup in 2019.

How long would it take you to become as rich as Kelcy Warren?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Kelcy Warren's net worth of $6.53B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Kelcy Warren is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Kelcy Warren, Pipelines is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey