Kelcy Lee Warren was born on the 9th November 1955, in Gladewater, Texas, USA and is a businessman perhaps best known as the CEO and chairman of the infrastructure company dedicated to the oil industry, Energy Transfer Partners. Warren is also known for his philanthropic efforts, especially helping children.
How much is the net worth of Kelcy Warren? It has been estimated by authoritative sources that the overall size of his wealth is as much as $2.7 billion, as of the data presented in the middle of 2017. His assets include real estate in Preston Hollow which is valued more than $25 million, his ranch in Pagosa Springs valued at $46.5 million. and others. Pipelines are the major sources of Warren’s fortune.
Kelcy Warren Net Worth $2.7 Billion
To begin with, the boy was raised in White Oak, Texas by his parents Bertie Lee Kirby and Hugh Brinson Warren. At that time, his father worked in the company Sun Pipeline, which is currently owned by Kelcy Warren himself. Kelcy was educated at the White Oak High School, and then enrolled at the University of Texas at Arlington, from which he graduated in 1978, earning a Bachelor’s degree in Civil Engineering.
Concerning his professional career, after graduation he worked for the Lone Star Gas Company, and later moved to Endevco. At the end of the 1980s, he was appointed as executive vice president of Cornerstone Natural Gas. He was promoted to the positions of the CEO and president in which he served until 1996. In 1995, he founded Energy Transfer Partners (ETP), and has served as the CEO since then. Currently, ETP has 100,500 km of natural gas and NGL pipelines, 9,500 km of petroleum pipelines, 4,350 km of product lines and 1,340 petrol stations. In Mont Belvieu, ETP has large natural gas liquid (ethane, propane) fractionators. The terminal in Lake Charles is currently being converted from import to export.
Meanwhile, in the early ‘90s he was the director, CEO and president of Cornerstone Natural Gas, and served as the director at Crosstex Energy in the late ‘90s, as well as sat on the board of directors of the above mentioned company.
In addition, Warren is a co-owner of the record label entitled Music Road Records, which he launched alongside Fred Remmert and Jimmy LaFave.
Also he bought Lajitas Resorts in Texas as an investment in 2007, although the place was bankrupt at the time.
Finally, in the personal life of Kelcy Warren, he was married to Sherry Johnson from 1980 to 1991. In 2010, Kelcy married Amy Hudson. He has fathered one son. Warren now resides in Preston Hollow, Dallas, Texas.
Furthermore, Kelcy Warren is known for his philanthropic efforts especially through his non profit organization Cherokee Crossroads. The aforementioned organization raises funds for various children needs. The Cherokee Creek Music festival is organized annually to raise funds. In 2012, it has been announced that the businessman donated $10 million for building a park in the centre of Dallas, Texas, which was named after his son of Klyde Warren. According to the agreement, his son cleans that park one time per month. It should be noted, that Kelcy has also launched the foundation under his own name, which funds the institution of Caddo Lake. In 2016, Warren supported the presidential campaign of Donald Trump.
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