Hunt family (Texas)

Last updated
Hunt family
Current region Texas, U.S.
Place of originEngland
FounderDr. Thomas Hunt Sr.
Estate(s)Mount Vernon (Dallas) [1]

The Hunt family is an American business family based in Texas. They are most famous for their involvement in the energy industry via their creation and leadership of the Hunt Oil Company, Hunt Petroleum and Hunt Energy. Forbes estimates the family's net worth at $24.8 billion. [2]

Contents

History

H. L. Hunt

Haroldson Lafayette Hunt Jr. was born on February 17, 1889, near Ramsey, Illinois. [3] During the 1930s, he bought the title for the East Texas Oil Field for $1,000,000, and became one of the eight richest Americans until his death on November 29, 1974, with a net worth between $300–700 million. [4]

Family tree

Businesses

The following is a list of businesses in which the Hunt family have held a controlling or otherwise significant interest.

Related Research Articles

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Haroldson Lafayette Hunt Jr. was an American oil tycoon. By trading poker winnings for oil rights according to legend, but more likely through money he gained from successful speculation in oil leases, he ultimately secured title to much of the East Texas Oil Field, one of the world's largest oil deposits. He acquired rights to East Texas oil lands initially through a $30,000 land purchase from oil speculator Dad Joiner, and founded Hunt Oil in 1936. From it and his other acquisitions, which included diverse interests in publishing, cosmetics, pecan farming, and health food producers, he accrued a fortune that was among the world's largest. In the 1950s, his Facts Forum Foundation supported highly conservative newspaper columns and radio programs, some of which he authored and produced himself, and for which he became known. At his death, he was reputed to have one of the highest net worths of any individual in the world, a fortune estimated between $2–3 billion dollars.

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References

  1. Mannion, Jonelle (1 February 2019). "A Replica of George Washington's Mansion in Texas". www.mansionglobal.com. Mansion Global. Retrieved 2024-03-10.
  2. "Hunt family". Forbes . 8 February 2024.
  3. Ford, Robert E. (30 November 1974). "H. L. Hunt, Among World's Richest, Dies". Tampa Bay Times .
  4. Palmer, Jerrell Dean (29 January 2022). "Durham, Joseph Idelbert".
  5. Zborowski, Matt (9 April 2019). "What Happened to the Private, Family-Owned Oil Company?". Journal of Petroleum Technology. Retrieved 10 March 2024.
  6. McLure, Jason (August 21, 2008), "Ethiopia, U.S. Billionaire's Titan Resources Signs Oil Accord'", Bloomberg