Ray Lee Hunt Biography & Net Worth
|Popular Name:||Ray Hunt|
|Real Name:||Ray Lee Hunt|
|Birth Place:||United States|
|Net Worth:||$6.1 Billion|
Together with his three sisters, the American business tycoon Ray Lee Hunt inherited a huge fortune from his father’s oil company which was estimated to be worth $200 million in 1982. Today, Forbes magazine reports that the Hunt family’s fortune has significantly increased from $200 to $4.6 billion, thanks to Mr. Ray’s unmatched entrepreneurial and leadership abilities which have been pivotal in steering the Hunt Oil Company to top levels. The company also has investments in real estate, including holdings in commercial properties around Dallas and the popular Hyatt Hotels. More details follow below.
The American heir and businessman, Ray Lee Hunt, was born in the United States in the year 1943. His father was the late H. L. Hunt who founded the popular and successful American oil and nature gas refiner and distributor called Hunt Oil Co. He is the brother of Helen LaKelly Hunt, June Hunt, and Swanee Hunt.
Ray studied at Southern Methodist University in Dallas, Texas.
After the passing of his father in 1974, Ray Hunt and his three sisters inherited his father’s company, Hunt Oil Co., and what was left of the General American Oil Company. Back in 1982, Forbes magazine estimated the net worth of the entire Hunt family to be $200 million. Today, it’s worth multiple folds, as Ray Hunt and his sisters have spent the last three to four decades of their lives extremely busy with the family business, diversifying and transforming it into a massive conglomerate that still yields tremendous profits to this day.
In 1984, Ray Lee Hunt discovered a huge deposit of oil. He teamed up with other partners and companies and began to lay a pipeline and construct a refinery for the oil. In 2006 Forbes estimated that Ray’s family was worth $4.6 billion, a massive increment from $200 million as of 1982.
Mr. Hunt formerly owned the popular Southwest Media Corporation of Texas, publisher of Sport Magazine, Texas Homes, D Magazine, and Houston City Magazine.
He was one of the biggest supporters and campaign funders of former President of America George W. Bush. He was also a member of the Foreign Intelligence Advisory Board of the president. In 2015, he and his wife donated 2 million dollars to a Super PAC supporting the presidential campaign of Jeb Bush.
Hunt serves on the Board of Trustees of the George W. Bush Presidential Center and of his alma mater, Southern Methodist University.
The family corporation, Hunt Consolidated, is an owner of massive tracts of land in the south, in addition to countless hotels and commercial complexes.
Lee Hunt is married, and lives in Dallas, Texas with his family. He has five children. His son, Hunter L. Hunt, is currently the chief executive officer of Hunt Consolidated Energy.
Going on for years now, Mr. Hunt has been a part of a somewhat messy legal battle. Not just one case, but several similar cases related to his business dealings. Hunt Oil, the energy arm of the family’s corporation, Hunt Consolidated, has made massive several huge deals in Yemen, and in other parts of the Middle East. The company has been entangled in countless controversies of late, including a land dispute between Kurdistan and Iraq, regarding who actually has the exclusive right to sell oil resting under the land, to outside parties. Mr. Hunt has had an eviction notice from the Federation of the Rio Madre de Dios, in response to his intentions to run a pipeline under indigenous lands in Peru that are being protected. To date, his company has not responded to interviews or requests for discussion in either case.
Mr. Hunt was recognized by the American Academy of Achievement and he was honored with a Golden Plate Award in 1979. In 1981, he became the Host of the Achievement Summit in Dallas.
In 2006, the businessman was presented with The Dallas Morning News’ Linz Award. Seven years later, together with Nancy Ann, he received the Southern Methodist University Maguire Ethics Center’s J. Erik Jonsson Ethics Award. He has continuously performed extraordinarily well in his career. Nowadays, he is one of the most prominent men in Texas.
Ray Lee Hunt Net Worth
Every available detail points to Ray Lee Hunt being a billionaire many times over. He currently has a net worth of $6.1 billion dollars as it stands, enabling him to be ranked as one of the wealthiest businessmen in the world. His source of income has always been the family business which he inherited from his father and has continued to expand and lead to more success.