Mark Davis Net Worth, How Did the Owner of the Raiders Get His Income?

Mark Davis, an American professional sports owner and businessman, has a net worth of $2 billion. He inherited ownership of the NFL’s Oakland Raiders from his father, Al Davis. Today, the team is known as the Las Vegas Raiders, but when Al died in 2011, they were still based in Oakland. Mark Davis is now the principal owner and managing partner of the Raiders. Additionally, he owns the Las Vegas Aces WNBA team. Mark and his mother, Carol, own 47% of the Raiders, but due to a contractual stipulation, they have full controlling interest without needing to own more than 50%. Davis oversees the day-to-day control of the team. At the time of his father’s death in 2011, the Oakland Raiders were worth $750 million. Today, the Las Vegas Raiders are worth $6-7 billion.

How Did Mark Davis Begin His Journey?

Mark Davis was born Mark M. Davis on May 18, 1955, in Brooklyn, New York. Many of Davis’s biographies previously stated that he was born in Charleston, South Carolina, while his father, Al, was working at The Citadel as an assistant football coach. However, in 2020, he clarified in the Charleston newspaper “The Post and Courier” that his mother decided to return to Brooklyn, where her parents lived, to have him. He was born in Brooklyn and then returned to Charleston. Mark graduated from California State University, Chico. Before inheriting the Raiders from his father, he was involved in developing Raider Image stores. Davis also worked in the team’s equipment department and, in 1986, developed muff-style hand warmers for football. In 1980, he represented Cliff Branch, a member of the Raiders, in contract negotiations and secured an annuity that lasted until Branch’s death. After the Raiders moved to Los Angeles, Davis lived with Branch following a fallout with his father.

What Roles and Responsibilities Does Mark Davis Hold?

After inheriting the Oakland Raiders, Mark took over as managing general partner. He became the operating head of the Raiders, responsible for the team’s day-to-day operations and representing the team at owners’ meetings. With the team’s lease with the Oakland Coliseum nearing its end and the venue’s age causing issues, Davis began searching for a new stadium location for the Raiders. Initially, he aimed to keep the team in Oakland. However, in February 2015, he announced a plan to pursue a shared stadium in Carson, California, with the San Diego Chargers’ owner, Dean Spanos. Their proposal ultimately lost to Stan Kroenke’s proposal for the Los Angeles Rams. Davis then pursued a stadium in Las Vegas with Sheldon Adelson of Las Vegas Sands Corporation, but after securing funding, he proceeded without Adelson. In March 2017, the NFL approved the Raiders’ move to Las Vegas. In January 2021, Mark purchased the WNBA team the Las Vegas Aces from MGM Resorts International, with the deal approved by the NBA and WNBA the following month. Before owning the team, Davis was a season ticket holder. In May 2021, he hired Becky Hammon as the head coach of the Aces, making her the league’s highest-paid coach.

What Is Known About Mark Davis’ Personal Life?

Mark Davis considers himself a food connoisseur, with favorite restaurants including Joe’s Stone Crab (Miami Beach), Dan Tana’s (Los Angeles), and P.F. Chang’s. A 2014 “ESPN The Magazine” article highlighted that Davis drives a “white 1997 Dodge Caravan SE” with a customized conversion kit, a VHS player, and a personalized license plate. The article also mentioned that Mark is a “lifelong bachelor” and had abstained from alcohol for 15 years, humorously stating he would resume drinking if the Raiders won the Super Bowl or if he got married.

How Has Mark Davis Addressed Social Issues?

In August 2014, after the arrest of San Francisco 49ers player Ray McDonald for domestic violence, Davis advocated for suspending accused players with pay during investigations. Initially, he preferred Raiders players to abstain from kneeling during the National Anthem to protest police brutality. However, after Donald Trump criticized protesting players, Davis changed his stance, allowing players to protest respectfully. In May 2018, he chose not to participate in an NFL owner resolution requiring players to stay in the locker room if they did not want to stand for the anthem, stating he would welcome Colin Kaepernick to the Raiders “with open arms” in April 2022.

What Are Mark Davis’ Real Estate Ventures?

In September 2021, it was reported that Davis was building a “Nevada mega-mansion” resembling the design of his team’s facilities and Allegiant Stadium. He paid $6 million for a 6.32-acre lot in August 2020, and the 15,046-square-foot home is located in a private luxury community called Ascaya. The mansion, valued at $14 million, will include five bedrooms and ten bathrooms. Additionally, in March 2021, Mark purchased a condo in Summerlin, Nevada, for $5.3 million. The two-bedroom condo spans 2,800 square feet and had a homeowners association fee exceeding $35,000 per month. Davis sold the condo in January 2023 for $10 million, a $3.5 million discount from the $13.5 million he initially sought.

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