Ray Lee Hunt Net Worth is$5.2 Billion
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Profession: Businessperson
Date of Birth: 1943
Country: United States of America
Ray Lee Hunt net worth: Ray Lee Hunt is an American businessman with an estimated net worth of $5.2 billion dollars which makes him one of the richest people in Texas. Based in Dallas Texas, Ray Lee Hunt graduated from Southern Methodist University. He inherited his father's fortune, and has continued to grow the family business. The family corporation, Hunt Consolidated, owns massive tracts of land in the south, as well as multiple hotels and commercial complexes. Hunt Oil, their energy arm, has made massive deals in Yemen, and other parts of the Middle East. The company has been embroiled in multiple controversies of late, including a land dispute between Iraq and Kurdistan, regarding who actually has the right to sell oil located under the land, to outside parties, and an eviction notice from the Native Federation of the Rio Madre de Dios, in response to his plans to run a pipeline under protected, indigenous lands in Peru. His company has not responded to requests for discussion in either case.
Ray Lee Hunt (born 1943) inherited most of father H.L. Hunt's Hunt Oil Co. along with his three sisters. In 1982, Forbes magazine estimated Ray Hunt's family's total net worth to be $200 million. Ray made a huge oil find in Yemen in 1984. It took two years for Hunt, partnering with other companies, to lay a pipeline and build a refinery for the oil. In 2006 Forbes estimated that Ray???s family's net worth increased from $200 million to $4.6 billion. He is a graduate of Southern Methodist University, Dallas, TX, where he was a member of the Phi Delta Theta fraternity, and now serves on its Board of Trustees. Former owner of Southwest Media Corporation of Texas which D Magazine of Dallas, Houston City Magazine, Texas Homes and Sport Magazine.
He was a major backer of U.S. President George W. Bush and a member of the President's Foreign Intelligence Advisory Board.
In September 2007, Ray struck an oil deal with the Kurdistan Regional Government in the disputed territories of Ninewa near Dahuk governorate with an estimated value of $8 to $14.5 billion. The federal Iraqi Oil minister has denounced this deal as illegal, because under current Iraqi law only the central government is authorized to enter into contracts, though the Kurdistan Region believes it has a constitutional right to do so. The Kurds refuse to share details about the deal but insist that they will share profits. Likewise, Hunt Oil has refused to answer questions about the deal from US government officials who called for details when the deal became public. A U.S. Congressional committee concluded that George W. Bush administration officials knew that Hunt oil was planning to sign the oil deal with the regional Kurdistan Regional Government that ran counter to American policy and undercut Iraq???s central government. The issue is still open and the State Department's Office of Inspector General is reviewing the issue.
In November 2009, native Peruvians under the coalition of the Native Federatio

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Don't Want To Read The Gigantic Piketty Book? Just Check Out This Awesome Twitter Art Project Instead

For example: Let's hear it for Ray Lee Hunt, in Dallas, Texas, who has $5.6 billion (mostly from oil, real estate). #piketty — pikettybot (@pikettybot) April 29, 2014 With these kinds of tweets, Rosquist has been entering into conversations with Twitter ...
Posted: April 29, 2014, 7:40 am

Ray Lee Hunt Net Worth

Ray Lee Hunt net worth: Ray Lee Hunt is an American businessman who has a net worth of $6.1 billion which makes him one of the richest people in Texas. Based in Dallas Texas, Ray Lee Hunt graduated from Southern Methodist University. He inherited his ...
Posted: November 16, 2012, 4:19 am

Newest Iraqi Gusher Could Make Texas Oilman A Billionaire

FORBES: How long before Baghdad realizes that the Kurds have ... where the Swara Tika-1 discovery last year tested at a flow rate of 7,000 bpd. And Ray Lee Hunt’s Hunt Oil has a 60% stake in the Ain Sifni concession, where they have found reservoirs ...
Posted: September 12, 2012, 5:00 pm
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