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Davis family

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Photo by Perry Grone on Unsplash

Jim Davis co-founded Allegis Group with his cousin Steve Bisciotti in 1983. The company has since gone from strength to strength and made both of them and their families billionaires. As of September 2019, Forbes put Davis’s personal fortune at $USD3 billion, along with a further $USD500 million in assets owned by the foundation that bears his name, the Davis Family Foundation. This is a public charity that awards in grants in the areas of education, medicine and the arts. He remains the active CEO and Chairman of Allegis under an LLC entitled Redwood Capital Investments.

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