Mark Davis’ Net Worth: How Did the Raiders Owner Make His Money?

Billionaire Mark Davis has owned the Las Vegas Raiders since replacing his father in 2011. Find out how much the franchise owner is worth in 2024.

Mark Davis is the primary owner of the Las Vegas Raiders. The businessman and franchise owner is one of the most recognizable owners of any NFL team and has grown the Raiders’ brand and valuation since taking over ownership in 2011.

Overseeing the move to the Sin City and hosting Super Bowl 58, Davis has made savvy business decisions since taking over ownership. How much is the Raiders owner worth in 2024?

How Much Is Mark Davis Worth?

To own an NFL franchise, you have to have relatively deep pockets. It costs billions to own a team, with only a select few having the resources and finances to do it.

As of February 2024, Davis’ net worth is $2.3 billion, as Forbes’ Real-time Billionaire List reported. The Raiders owner’s wealth is calculated based on his ownership of the Raiders and other investments.

While still an enormous amount of money to everyday folk, it ranks Davis toward the bottom of the NFL Owners Rich List.

When compared to the richest owners in the NFL — the Walton-Penner Ownership Group with the Denver Broncos worth $59.8 billion — Davis’ net worth doesn’t come close. However, the Raiders have ballooned their valuation under Davis’ leadership and are now worth a whopping $6.2 billion, as reported by Forbes.

That makes the Las Vegas-based team the sixth most valuable NFL franchise. The value of the Las Vegas-based team has increased exponentially since 2011, and Davis now also owns a WNBA team, the Las Vegas Aces.

How Did Davis Make His Money?

Davis inherited his fortune and the Raiders from his father, Al Davis. Al died in 2011, passing the team ownership to his son, Mark, and wife, Carol. Mark took over the operations of the franchise having worked within the organization beforehand.

Mark and his mother Carol own 47% of the Raiders, but it is contractually specified that they will remain as primary owners and will have a controlling interest within the franchise.

Mark is the principal owner, and under his leadership, the Raiders have moved to Las Vegas and seen the franchise’s valuation skyrocket.

Al was the primary owner of the Raiders between 1972 until his passing in 2011.

After graduating from California State University, Mark began working with the Raiders organization, developing the brand into what it is today. While never having a defined job title within the franchise before taking over primary ownership, he played a pivotal role within the team’s office.

Firstly, Davis worked with the Raiders’ equipment department, learning and gaining experience in resourcing. He is credited with the invention of the muff hand-warmers in 1986, which NFL players still use to this day in cold climates.

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Davis’ business acumen and management always shined through, and he even represented former Raiders WR Cliff Branch in contract negotiations.

Davis then transitioned within the organization to play a vital role with the Raiders’ image, growing the Raiders’ brand, merchandise, and marketability.

As the 2023 NFL season comes to a close, the 2024 NFL Draft is on the horizon. Pro Football Network has you covered with everything from team draft needs to the Top 100 prospects available. Plus, fire up PFN’s Mock Draft Simulator to put yourself in the general manager’s seat and make all the calls!

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