Mark Davis' net worth: How much is the Las Vegas Raiders owner worth at the moment?

Mark Davis is a well-known American businessman, owner and general partner of the Las Vegas Raiders. He also owns the Las Vegas Aces in the Women's National Basketball Association. Mark Davis' net worth makes him one of the wealthiest people on earth.

Davis has transformed the Raiders since taking over from his late father. He brought new changes, including moving the club to a new world-class stadium in 2020. Mark is also a successful figure outside of football. This article reveals details about Mark Davis' source of wealth, net worth, biography, and family.

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Mark Davis' net worth Forbes

According to Forbes, Las Vegas Raiders' owner Mark Davis' net worth in 2023 is $1.9 billion. Some sources estimate his net worth at $2 billion, while others at $250 million.

How does Mark Davis make his money?

The primary source of his wealth is business. He owns the NFL's Las Vegas Raiders and the WNBA's Las Vegas Aces, which give him millions of returns annually. Mark also earns millions from his association with the NFL.

What does Mark Davis do?

The American businessman serves as the general partner and owner of the Raiders. He oversees the day-to-day control of the team. Mark and his mother, Carol, own 47% of the franchise. They inherited it following his father's death in 2011.

Mark joined the Raiders in the late 1970s after graduation. He began working for the retail and equipment department of the team. He became the Franchise owner after over 30 years of working in the image stores. One of the primary reasons why the Raiders owner Mark Davis' net worth has increased is the revenue growth of the franchise.

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How much is the Raiders worth?

The franchise value has increased over the last ten years. The Oakland Raiders were worth around $761 million in 2011. The latest report valued the team at $5.1 billion in 2022. The figures also represented over a 50% increase from their valuation in 2021 ($3.415 billion).

Legendary NFL star Tom Brady recently agreed to purchase a minority stake in Las Vegas Raiders. The seven-time Super Bowl winner also acquired a stake in the Las Vegas Aces in March 2023.

Mark Davis' family

The Raiders owner was born to Allen and Carol Davis in Brooklyn, New York. His father, Allen, was a well-known American football coach and executive. Mark grew up in Brooklyn as a single child. He attended California State University, Chico, graduating with a bachelor's degree in business in 1978.

Allen was born in Brockton, Mass, on 4 July 1929 and grew up in Brooklyn, where his father, Louis, was a successful businessman. He graduated from Erasmus Hall High School and then attended Wittenberg College in Ohio. He played football in school and later served as a coach of the Los Angeles Chargers. Allen also served as commissioner of the American Football League in the late 1960s.

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Mark's father bought the Oakland Raiders in 1966 for $180k and owned the team until he died in 2011, passing the ownership to his son and wife.

Davis' achievements

Since Davis took over for his father, the Raiders have undergone four coaching changes with two playoff appearances, including 2021 under interim Rich Bisaccia, and no postseason wins. He relocated the Raiders to Las Vegas in July 2020, moving the team into a brand new $1.9 billion stadium with a capacity of 65,000.

"Welcome to the Death Star, where our opponents' dreams come to die," Davis said during the unveiling of the new stadium. "This is our field of dreams. This is our house. The stadium's personality will be defined by you, so take pride every time you step on this field wearing those famed black jerseys and silver helmets. You are the Raiders." He added.

The financing of Allegiant Stadium was partly made possible by $750 million in hotel taxes. The Raiders played in Oakland from 1960-1981 and 1995. They relocated to Los Angeles between 1982-1994. However, the team is yet to win the Super Bowl under his tenure.

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Mark Davis' haircut

The businessman has also made headlines for his unique haircut. He has a horse-cut hairstyle, matching his blonde hair and blue eyes.

Who is Mark Davis' wife?

The Raiders owner has kept his personal life away from the media. Details about his wife or children remain unknown.

Where is Mark Davis' house?

Everyone is talking about the upcoming mega-mansion the businessman is putting up in Nevada. Davis' new 15,046-square-foot mega-mansion will be a three-level, five-bedroom, ten-bathroom valued at $14 million. The design of the house resembles the Raiders' practice facility, headquarters and Allegiant Stadium.

Another noticeable feature of the home's exterior is a large pool with three islands. Mark reportedly purchased the 6.32-acre lot outside Las Vegas in Ascaya, a private luxury community, in August 2020 for $6 million.

Mark purchased a 1.21-acre lot in Summit Club for $8.5 million in 2017 but sold it for $10.5 million in July 2020, making a profit. He also paid $5.3 million for a condo in Summerlin, Nevada, in March 2021. He sold the two-bedroom condo, with 2,800 square feet of living space, for $10.5 million in January 2023.

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Mark Davis' car

The billionaire has maintained a low profile regarding cars and phones. He was once spotted using a 2003 Nokia phone and driving a minivan.

Mark has also supported several charity projects. He contributed $10,000 to the Gridiron PAC between 2016-2017. He also donated $1 million to the Uvalde Consolidated Independent School District in June 2022 following the Robb Elementary School tragedy.

Raiders Mark Davis' net worth continues to increase as the value of the Raiders goes up. His leadership and business model have inspired many people, including NFL legend Tom Brady, who has partnered with him.

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