William Herbert Hunt
William Herbert Hunt | |
---|---|
Born | |
Nationality | American |
Occupation | Heir, owner of 25% of |
Children | 5 |
Parent(s) | H. L. Hunt Lyda Bunker |
Relatives | Margaret Hunt Hill, , Nelson Bunker Hunt, Caroline Rose Hunt, and Lamar Hunt (siblings) |
William Herbert Hunt (born March 6, 1929) is an American oil billionaire, who along with his brothers Nelson Bunker Hunt and Lamar Hunt[2] tried but failed to corner the world market in silver.[3] 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.[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 and across the US.[8]
Personal life[]
Hunt lives in Dallas, Texas, and has five children.[1]
References[]
- ^ Jump up to: a b c d "W. Herbert Hunt". Forbes. Retrieved January 7, 2015.
- ^ McFadden, Robert D. (October 22, 2014). "Nelson Bunker Hunt, 88, Oil Tycoon With a Texas-Size Presence, Dies". New York Times. Retrieved February 26, 2016.
- ^ Eichenwald, Kurt (December 21, 1989). "2 Hunts Fined And Banned From Trades". New York Times. Retrieved April 13, 2008.
- ^ "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. "Nelson Bunker Hunt dead: Former world's richest man dies in 'modest circumstances' in US after losing his fortune".
- Living people
- American commodities traders
- American billionaires
- Businesspeople in metals
- Hunt family
- John Birch Society members
- Texas Republicans
- 1929 births
- 20th-century American businesspeople
- American business biography, 1920s birth stubs