When you think of the Las Vegas Raiders, it’s impossible not to think of the Davis family. Mark Davis, known for his iconic haircut and lifelong dedication to the team, has been steering the ship since inheriting ownership after his father, Al Davis, passed away in 2011. But there’s more to the story than just football glory. The Davis family’s involvement with the Raiders goes back decades, and their ownership percentage might surprise you.
One fun fact about Mark? He actually invented the muff-style hand warmer players still use today. Yep, that cozy little pouch to keep quarterbacks’ hands warm in chilly games—that’s all thanks to Mark back in 1986 when he was working in the Raiders’ equipment room. Pretty cool, right? But as interesting as hand warmers are, let’s see how working in the equipment room made him ease in to take the helm.
How much is Mark Davis’ net worth?
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It’s safe to say that Mark Davis has lived and breathed Silver and Black his whole life. He didn’t just inherit the team from his legendary father, Al Davis—he’s been with the Raiders since day one, working his way up from the equipment room.
That’s not like Al. Yup! The patriarch of the Davis family started as a line coach at USC and worked his way up through various roles before assuming the role of the owner. So, it speaks a lot about Mark. He literally said: “Raiders for life.” And he’s stuck by it.
A time warp back to 1977, with #Raiders owner Mark Davis, #Steelers @ProFootballHOF CB Mel Blount and @baseballhall @mroctober pic.twitter.com/1MVsbkg9Zv
— Paul Gutierrez (@PGutierrezESPN) October 13, 2024
When Mark took over (in 2011), Forbes valued the Raiders at $761 million. Fast forward to today, and that number has skyrocketed to an eye-watering $6.2 billion. That’s quite a jump! Of course, moving the team from Oakland to Las Vegas in 2020 played a massive role in that growth. The glitz and glamor of Vegas combined with the state-of-the-art Allegiant Stadium made the Raiders a hot commodity.
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With Brady's potential stake, will the Raiders' legacy evolve or stay true to Davis roots?
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At the same time, Mark’s personal net worth is nothing to scoff at either. I mean, he’s the 23rd-richest owner in the league, and before you let out a smile, let’s just say that’d be a mistake. He’s worth an estimated $2.3 billion. But it’s not just about the money—football runs deep in the Davis family.
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How much of the Raiders does Carol Davis own?
Mark Davis and his mother, Carol Davis, are the heart of the Las Vegas Raiders. After Al passed away, as the heir to his financial empire, Mark was obviously next in line. But love? Yeah, that’s there. So, Carol also runs it with her son. But majorly it’s Mark owning it (as you’d understand Carol’s aging).
But how much of it do they own? It’s 47% of the franchise. The Davis family is the principal owner. Now, that number could dip if Tom Brady and Larry Wagner’s minority stake is approved, make no mistake. But whenever it does happen, it’d still be the Davises show.
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See, the thing is, Brady and Wagner reached an agreement to buy a minority stake back in May 2023. But the NFL’s finance committee has the final say. A vote by 24 of the 32 majority owners will decide whether they get a piece of Raider Nation. So, Raiders fans, you might see a little Brady flair around, but the Davis legacy stays intact.
Speaking of legacy, they must lock themselves on the Raiders’ recent bumps. After a brief stint with Josh McDaniels as head coach, interim Antonio Pierce stepped up, changing the culture. But with a rough 2-4 start this season, the pressure’s on. The question now is—can the turnaround happen? It must, as it’s more than football for the Davises. It’s about preserving that iconic silver-and-black legacy.
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With Brady's potential stake, will the Raiders' legacy evolve or stay true to Davis roots?