William Herbert Hunt
| William Herbert Hunt | |
|---|---|
| Born |
March 6, 1929 El Dorado, Arkansas, US |
| Residence | Dallas, Texas |
| Nationality | American |
| Occupation | Heir, owner of 25% of Halcon |
| Net worth | $2.0 billion (January 2015)[1] |
| Children | 5 |
| Parent(s) |
H. L. Hunt Lyda Bunker |
| Relatives | Margaret Hunt Hill, H. L. Hunt III, Nelson Bunker Hunt, Caroline Rose Hunt, and Lamar Hunt (siblings) |
William Herbert Hunt (born March 6, 1929) is an American oil billionaire. According to Forbes, as of January 2015 his net worth is estimated at $2.0 billion.[1]
Early life
William Herbert Hunt was born in 1929 to Lyda Bunker and the oil well wildcatter H. L. Hunt.[1]
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.[2] William Herbert Hunt went bankrupt in 1990,[3] but came back to power years later.
In 2012, Hunt sold his company Petro-Hunt’s stake in the Bakken shale field to Halcon Resources[4] for $1.45 billion, lifting his net wealth to an estimated $3 billion or more.[5]
Personal life
Hunt lives in Dallas, Texas, and has five children.[1]
References
- 1 2 3 4 "W. Herbert Hunt". Forbes. Retrieved 7 January 2015.
- ↑ "Nelson Hunt Denies Plotting to Manipulate Silver Market". Los Angeles Times. June 2, 1988. Retrieved 19 September 2013.
- ↑ Robert Wilonsky (November 30, 1995). "Giddy-up!". Dallas Observer. Retrieved 19 September 2013.
- ↑ "Energy tycoons on Forbes 400 list". 13 November 2014.
- ↑ Rupert Cornwall. "Nelson Bunker Hunt dead: Former world's richest man dies in 'modest circumstances' in US after losing his fortune".