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Kelcy Warren

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Kelcy Warren
Warren in 2017
Born
Kelcy Lee Warren

(1955-11-05) November 5, 1955 (age 69)
Gladewater, Texas, US
EducationWhite Oak High School
Alma materUniversity of Texas at Arlington
OccupationChairman & CEO of Energy Transfer Partners

Kelcy Lee Warren (born November 9, 1955)[1] is an American billionaire and the chairman and chief executive officer of Energy Transfer Partners.[2][3][4][5][6]

Early life

Born in Gladewater, Texas, Warren grew up in White Oak, Texas, the youngest of four sons of Hugh Brinson Warren and Bertie Lee Kirby.[1] His father worked as a field hand for Sun Pipeline, a company now owned by Warren.[7] Warren went to White Oak High School.

He received a bachelor's degree in civil engineering from the University of Texas at Arlington in 1978.[8][3][6]

Career

He started his career working for the Lone Star Gas Company.[2][3][6] From 1981 to 1992, he worked for Endevco.[2][6] He served as executive vice-president Cornerstone Natural Gas from 1989 to 1990, and as president and CEO from 1993 to 1996.[2][3][4][6] He has been the co-chairman and co-CEO of Energy Transfer Partners since 2007.[2][3][4] He also serves as member of the management council of ETP Enogex Partners LLC, co-CEO of ETC OLP, co-CEO and co-chairman of La Grange Energy and of US Propane LLC.[2] He is a former co-chairman of Le Gp, OEC Compression.

From 1996 to 2000, he sat on the board of directors of Crosstex Energy.[2][3] He serves on the advisory board of his alma mater, the University of Texas at Arlington.[2][6]

In 2007, he bought the bankrupt Lajitas Resorts in Lajitas, Texas, as a real estate investment.[6]

Warren purchased the Roatan Electric Company (RECO) in 2008, where he serves as president and chairman of the board.[9] RECO invested $7 million on a wind farm that was scheduled for completion in 2017.[10]

Warren is chief executive officer and chairman of Energy Transfer Partners. Warren also serves as chairman of the general partner of Energy Transfer Equity. Prior to the combination of the operations of ETP and Heritage Propane in 2004, Warren co-founded the entities that acquired and operated the midstream natural gas pipelines that were contributed in the merger. From 1996 to 2000, Warren served as a director of Crosstex Energy, Inc. and from 1993 to 1996, he served as president, chief operating officer and a director of Cornerstone Natural Gas, Inc. Warren has more than 25 years of business experience in the energy industry.

In 2015, Governor Greg Abbott of Texas appointed Warren to the Texas Parks and Wildlife Commission.[11]

In 2022, he ranked No. 289 on the Forbes 400 list of the richest people in America, with an estimated net worth of $3.8 billion.[12] Warren received a COVID stimulus check in 2020 as he had reported large losses previously.[13]

Music

In 2007, he co-founded an independent record label, Music Road Records, with Jimmy LaFave and Fred Remmert.[5] He collects music memorabilia, and has a collection that includes autographs of Jackson Browne and drumsticks signed by the Eagles.[5]

Philanthropy

In 2020, Forbes gave Warren its lowest score for philanthropy, a "1." This indicates he was in the lowest 20% of billionaires rated.[14]

Warren has hosted the Cherokee Music Festival since it began in 2007. It is a nonprofit event to raise money for children's charities and local public service organizations.[15][16]

In 2012, Warren donated $10 million to help build Klyde Warren Park in downtown Dallas. It is named for his son. As part of the contract, his son cleans up trash from the park once a month.[7] The construction of the park cost about $90 million. Warren's gift was the largest, giving him naming rights.[17]

The Kelcy Warren Foundation supports the Caddo Lake Institution, an organization with the mission of protecting the ecological, cultural and economic integrity of Caddo Lake and its associated wetlands and watershed.[18]

Political activity

Warren donated $6 million to Governor Rick Perry's 2016 presidential campaign.[19] He also donated $103,000 to President Donald Trump's 2016 presidential campaign.[20] Together with his spouse Amy, Warren contributed $1.8 million to President Donald Trump's 2020 presidential campaign.[21] He gave $1 million to Greg Abbott after Texas's 2021 legislative session.[22]

Personal life

Warren married the former Sherry Johnson on May 18, 1980, in Dallas, and they divorced in 1991. He married Amy Hudson on June 3, 2010, in Dallas. He has one son, Klyde Warren.[8]

He lives in Preston Hollow, Dallas[5] on an 8+ acre estate on Park Lane valued at more than $30 million.[23] In 2012, press reports indicated he owned an estate on an island off the coast of Honduras.[24]

In 2010, he bought the 3,500-acre BootJack Ranch near Pagosa Springs, Colorado, for $46.5 million.[5][25] He also owns an 8,000-acre ranch near Cherokee, Texas,[5] the 20,000-acre Lajitas Golf Resort and Spa in Lajitas, Texas,[26] and a private island near Roatán, Honduras.[5]

In 2020 Warren acquired Castletown Cox house and estate in County Kilkenny, Ireland for €12.6m.[27][28]

References

  1. ^ a b "Executive Profile - Energy Transfer Partners - Kelcy L. Warren". boardroominsiders.com. 2015-09-29. Retrieved 2016-09-10.
  2. ^ a b c d e f g h "List of Public Companies Worldwide, Letter - Businessweek". Investing.businessweek.com. Archived from the original on May 7, 2010. Retrieved 2015-11-07.
  3. ^ a b c d e f "Kelcy L. Warren". Nndb.com. Retrieved 2015-11-07.
  4. ^ a b c "Global Conference 2007 | Kelcy Warren". Milken Institute. Retrieved 2015-11-07.
  5. ^ a b c d e f g Keates, Nancy (2010-11-05). "Inside Kelcy Warren's Dallas Mansion - WSJ". Online.wsj.com. Retrieved 2015-11-07.
  6. ^ a b c d e f g "College of Engineering at The University of Texas at Arlington". Uta.edu. Retrieved 2015-11-07.
  7. ^ a b Granberry, Michael (2012-10-20). "Kelcy Warren emerges as one of Dallas' bold new philanthropists". The Dallas Morning News. Retrieved 2016-09-10.
  8. ^ a b "Forbes profile: Kelcy Warren". forbes.com. Retrieved 5 November 2020.
  9. ^ "RECO - Roatan Electric Company". Recoroatan.com. 2008-08-09. Retrieved 2015-11-07.
  10. ^ Gomez, Jessica (2015-08-24). "Roatan's Wind Farm". Honduras News. Retrieved 2016-09-10.
  11. ^ "Texas Parks and Wildlife Commission". Texas Parks and Wildlife. Retrieved 27 January 2017.
  12. ^ "Kelcy Warren". Forbes. Retrieved 2020-11-04.
  13. ^ "These Billionaires Received Taxpayer-Funded Stimulus Checks During the Pandemic". ProPublicas. 3 November 2021. Retrieved 18 April 2022.
  14. ^ Wang, Jennifer (8 September 2020). "The New Forbes Philanthropy Score: How We Ranked Each Forbes 400 Billionaire Based On Their Giving". Forbes. Retrieved 17 October 2021.
  15. ^ "Cherokee Creek Music Festival Website". cherokeecreekmusicfestival.org. Retrieved 2016-09-10.
  16. ^ Granberry, Michael (2016-05-16). "John Fogerty, Lyle Lovett, Bruce Hornsby, Jimmy LaFave put on a killer show on Kelcy Warren's ranch in the Texas Hill Country". guidelive.com. Guide Live. Retrieved 2016-09-10.
  17. ^ "Why Kelcy Warren Named a Park For His Son". D Magazine. Retrieved 2020-05-07.
  18. ^ "Caddo Lake Institute, The Supporters". caddolakeinstitute.us. Retrieved 2016-09-10.
  19. ^ "Million-Dollar Donors in the 2016 Presidential Race". The New York Times. 2016-02-09. Retrieved 2016-09-10.
  20. ^ Milman, Oliver (October 26, 2016). "Dakota Access pipeline company and Donald Trump have close financial ties". Guardian. Retrieved November 2, 2016.
  21. ^ "Here Are The Billionaires Who Donated To Donald Trump's 2020 Presidential Campaign". Forbes. Retrieved 27 March 2024.
  22. ^ February 2022 17, Russell Gold (2022-01-18). "The Texas Electric Grid Failure Was a Warm-up". Texas Monthly. Retrieved 2022-01-19.{{cite web}}: CS1 maint: numeric names: authors list (link)
  23. ^ "DCAD: Residential Acct Detail". Dallascad.org. Dallas Central Appraisal District. 2009-06-22. Retrieved 2015-11-07.
  24. ^ "Stealth billionaire lays claim to Woodall Rodgers park naming rights". Dallas Morning News. 18 February 2012. Retrieved 17 October 2021.
  25. ^ "Energy Executive Buys Colorado Ranch". The Wall Street Journal. 2010-04-27. Retrieved 2016-09-10.
  26. ^ Fenton, Tom (2015-09-14). "Lajitas Resort: Why you better go now - El Paso Inc.: Publishers Column". El Paso Inc. Retrieved 2017-04-04.
  27. ^ "REVEALED: One of world's wealthiest men buys Kilkenny mansion for €12.6m - Kilkenny Now - Your City. Your County. Your News. Now". KilkennyNow.ie. 9 January 2020. Retrieved 10 August 2021.
  28. ^ "Castles in the Éire: the minted moguls snapping up Ireland's stately homes". independent. 10 January 2021. Retrieved 10 August 2021.
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