By James Thompson
According to Project Vote Smart, Kelcy Warren is the 12th highest political contributor to Greg Abbott at $101,303.
Texas Monthly wrote that Kelcy Warren is the 18th richest person in Texas with a net worth of $3.4 billion. The magazine also wrote about Mr. Warren: “Kelcy Warren knows pipe. He grew up welding with his dad for a modest pipeline company in East Texas and later found he had a knack for buying up undervalued pipeline outfits and squeezing money out of them. Along with Ray Davis (future co-owner of the Texas Rangers), he built Energy Transfer Partners into one of the nation’s largest pipeline companies, making himself a billionaire along the way. He recently caused a splash in Dallas by giving a reported $10 million to downtown’s new Klyde Warren Park—named after his ten-year-old son—but what he really wants to do is sing. He owns a recording studio in Austin, and in his $29 million, 27,200-square-foot castle in Preston Hollow, there is a hidden door in a walk-in closet that leads to a secret room filled with guitars.”
Forbes Magazine indicates Mr. Warren is the 235th richest man in the world and they estimate his wealth at $6.1 billion.
Forbes Magazine also had this to say about Mr. Warren: “The money just keeps flowing at Kelcy Warren’s Energy Transfer Equity. Shares of the oil and gas pipeline master limited partnership are up 80% this year, crushing the returns at rival energy billionaire’s Richard Kinder’s Kinder Morgan Energy Partners (shares are down 10%). Natural gas prices are at their highest price in four years as a frigid U.S. winter sent demand soaring. Warren co-founded natural-gas pipeline firm Energy Transfer Partners with Ray C. Davis in 1995; he bought struggling gas assets and linked them into an efficient system. Today its parent, Energy Transfer Equity, owns more than 17,000 miles of natural gas and crude oil pipelines. ETE bought Southern Union pipeline company for more than $5 billion, and bought Sunoco and its gas stations for $5.3 billion, both in 2012. Warren, a music fan, produces albums for singer-songwriters at his Austin-based studio, Music Road Records.”
Texas voters should consider this major contributor to Greg Abbott’s political campaign before casting their ballot in November.
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