Ray Lee Hunt’s profile picture

Ray Lee Hunt

Ray Lee Hunt’s profile picture
Net worth 2018: $4.87 Billion
Industry: Energy
Residence: Dallas, Texas
Country: United States
BirthDay: 1943
Children: 5
Education: Bachelor of Arts / Science, Southern Methodist University

Ray Lee Hunt was bornon 1943 in Dallas, Texas, United States. Ray Lee Hunt is #428 in List Billionaires People In The World. Ray Lee Hunt is the wealthiest of legendary oil wildcatter H.L. Hunt's 15 children. He chairs Hunt Consolidated, an oil and gas, electric power, real estate and investing conglomerate. His Hunt Oil is one of the largest privately-held oil companies in the U.S. Hunt Oil was one of the first to land an exploration deal in Iraq's Kurdish region post-Saddam Hussein. His son, Hunter Hunt, serves as co-CEO of Hunt Consolidated and is his heir apparent.


$3 Billion


$4.3 Billion


$4.3 Billion


$5.2 Billion


$5.6 Billion


$6.1 Billion


$5.7 Billion


$4.8 Billion


$4.8 Billion


$4.87 Billion

Ray Lee Hunt (born 1943) is an American heir and businessman.Hunt is the son of the late H. L. Hunt (1889–1974), founder of Hunt Oil Co. He is a graduate of Southern Methodist University in Dallas, Texas, where he was a member of the Phi Delta Theta fraternity and men's honorary Cycen Fjodr.After his father's death in 1974, he inherited Hunt Oil Co. along with his three sisters. In 1982, Forbes magazine estimated Ray Hunt's family's total net worth to be $200 million. Ray made a huge oil find in Yemen in 1984. It took two years for Hunt, partnering with other companies, to lay a pipeline and build a refinery for the oil. In 2006 Forbes estimated that Ray’s family's net worth increased from $200 million to $4.6 billion.In September 2007, Hunt struck an oil deal with the Kurdistan Regional Government in the disputed territories of Ninewa near the Dohuk Governorate with an estimated value of $8 to $14.5 billion. The federal Iraqi Oil minister has denounced this deal as illegal, because under current Iraqi law only the central government is authorized to enter into contracts, though the Kurdistan Region believes it has a constitutional right to do so. The Kurds refuse to share details about the deal but insist that they will share profits. Likewise, Hunt Oil has refused to answer questions about the deal from US government officials who called for details when the deal became public. A U.S. Congressional committee concluded that George W. Bush administration officials knew that Hunt oil was planning to sign the oil deal with the regional Kurdistan Regional Government that ran counter to American policy and undercut Iraq’s central government. The issue is still open and the State Department's Office of Inspector General is reviewing the issue.In November 2009, native Peruvians under the coalition of the Native Federation of the Rio Madre de Dios, (FENAMAD), issued an eviction notice to Ray Hunt and the Hunt Oil Company from the Amarakaeri Communal Reserve. In the letter FENAMAD wrote, "Having peacefully exhausted all protest, without receiving any answer, we hereby communicate to you that we have agreed to a fifteen-day period for you to definitively withdraw from the Amarakaeria Communal Reserve since you do not have the indigenous community's consent." A press release issued by Amazon Watch stated that "The Reserve was first established in 2002 after years of indigenous petitioning to protect the rainforest area of the vast Madre de Dios and Karene watersheds and to provide protected zones for the Harakmbut indigenous peoples to live, fish, and hunt. The area in dispute, besides being a declared nature reserve, crosses the headwaters of several important river basins, and lies in the buffer zones of Manu and Bahuaja Sonene National Parks, two of the most biodiverse national parks in the world."He is the former owner of the Southwest Media Corporation of Texas which published D Magazine, Houston City Magazine, Texas Homes and Sport Magazine.Hunt was a major supporter of former President of the United States George W. Bush and a member of the President's Foreign Intelligence Advisory Board. He serves on the Board of Trustees of his alma mater, SMU, and of the George W. Bush Presidential Center. In 2015, Hunt and his wife donated $2 million to a Super PAC supporting the presidential candidacy of Jeb Bush.He is married, and has five children, including his son, Hunter L. Hunt, who is CEO of Hunt Consolidated Energy. He lives in Dallas, Texas. As of 2015, Forbes estimated Hunt's net worth to be US$6 billion.
(3.7/180 votes)
Related Person
Viktor Vekselberg’s profile picture
Viktor Vekselberg
Net Worth is $14.64 Billion
Eike Batista’s profile picture
Eike Batista
Net Worth is $10.6 Billion
Mohammed Al Amoudi’s profile picture
Mohammed Al Amoudi
Net Worth is $10.58 Billion
German Khan’s profile picture
German Khan
Net Worth is $9.86 Billion
Dan Duncan’s profile picture
Dan Duncan
Net Worth is $9 Billion
James Irving’s profile picture
James Irving
Net Worth is $8.17 Billion