Billy Ray Valentine is a fictional character from the 1983 comedy film, Trading Places. Portrayed by actor Eddie Murphy, he is a streetwise con artist who becomes part of a social experiment orchestrated by two wealthy brothers. The film explores themes of class disparity and the impact of environment on behavior. In the story, Billy Ray's life changes dramatically when he is unwittingly placed in a privileged position, contrasting sharply with his previous struggles. His character's journey highlights the absurdities of wealth and status, making Trading Places a classic commentary on American society.