William Herbert Hunt | |
|---|---|
| Born | March 6, 1929 |
| Nationality | American |
| Occupation(s) | Heir, owner of 25% of Halcon |
| Children | 5 |
| Parent(s) | H. L. Hunt Lyda Bunker |
| Relatives | Margaret Hunt Hill, Nelson Bunker Hunt, Caroline Rose Hunt, and Lamar Hunt (siblings) Clark Hunt (nephew) |
William Herbert Hunt (born March 6, 1929) is an American oil billionaire, who along with his brothers Nelson Bunker Hunt and Lamar Hunt[1] tried but failed to corner the world market in silver.[2] According to Forbes, as of January 2015 his net worth was estimated at $2.0 billion.[3]
Early life
William Herbert Hunt was born in 1929 to Lyda Bunker and the oil well wildcatter H. L. Hunt.[3]
Career
In the 1970s Hunt and his brother Nelson Bunker Hunt acquired 195 million ounces of silver, worth nearly $10 billion at the peak. When the price of silver collapsed 80% in 1980 the brothers lost their fortune in the silver trading scandal called Silver Thursday; together they lost a billion dollars.[4] William Herbert Hunt went bankrupt in 1990,[5] but was able to recover years later.[6]
In 2012, Hunt sold a minor portion of Petro-Hunt's assets in the Williston Basin to Halcon Resources[7] for $1.45 billion, lifting his net wealth to an estimated $3 billion. Petro-Hunt continues to operate in the Williston Basin, Permian/Delaware Basins and other basins across the US.[8]
Personal life
Hunt lives in Dallas, Texas, and has five children.[3]
His nephew, Clark Hunt, is chairman and CEO of the National Football League's Kansas City Chiefs.
References
- ↑ McFadden, Robert D. (October 22, 2014). "Nelson Bunker Hunt, 88, Oil Tycoon With a Texas-Size Presence, Dies". The New York Times. Retrieved February 26, 2016.
- ↑ Eichenwald, Kurt (December 21, 1989). "2 Hunts Fined And Banned From Trades". The New York Times. Retrieved April 13, 2008.
- 1 2 3 "W. Herbert Hunt". Forbes. Retrieved January 7, 2015.
- ↑ "Nelson Hunt Denies Plotting to Manipulate Silver Market". Los Angeles Times. June 2, 1988. Retrieved September 19, 2013.
- ↑ Robert Wilonsky (November 30, 1995). "Giddy-up!". Dallas Observer. Retrieved September 19, 2013.
- ↑ "Hunt Becomes Billionaire on Bakken Oil After Bankruptcy". Bloomberg.com. March 28, 2013. Retrieved February 11, 2021.
- ↑ "Energy tycoons on Forbes 400 list". November 13, 2014.
- ↑ Rupert Cornwall (October 23, 2014). "Nelson Bunker Hunt dead: Former world's richest man dies in 'modest circumstances' in US after losing his fortune". Independent.co.uk.