⬅ # 330 Xu Shihui|# 332 Patrick Soon-Shiong

# 331 Ray Lee Hunt 

$8.09B

Real Time Net Worth
as of 4/12/2024
-$18.9M (-0.23%)

# 331 Ray Lee Hunt 

$8.09B

Real Time Net Worth
as of 4/12/2024
-$18.9M (-0.23%)
OccupationChair, Hunt Consolidated
Source of WealthOil, Real Estate
Age81
ResidenceDallas, Texas
Marital StatusMarried
Children5
EducationBS, Southern Methodist University
Age-Adjusted Net Worth$1.95B
Ray Lee Hunt
Ray Lee Hunt
United States
Net worth: $8.09B

Self-Made Score 

Wealth History

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Biography

Early Life

Ray Lee Hunt was born in 1943 in the United States.
He is the son of the late H. L. Hunt, the founder of Hunt Oil Co.
Hunt is the wealthiest among H. L. Hunt's 15 children.
He graduated from Southern Methodist University in Texas.

Career

After inheriting Hunt Oil Co. in 1974, Hunt's family's net worth increased substantially from $200 million to $4.6 billion by 2006.
Hunt Oil, once among the largest privately-held oil firms in the U.S., owns stakes in natural gas fields and a gas liquefaction plant in Peru.
In September 2007, Hunt struck a controversial oil deal with the Kurdistan Regional Government, sparking legal and political scrutiny.
Hunt was the former owner of Southwest Media Corporation, which published several magazines.
He is actively involved in political donations, notably supporting George W. Bush and Jeb Bush's presidential campaigns.
Hunt serves on the Board of Trustees of Southern Methodist University and the George W. Bush Presidential Center.

Controversies and Legal Issues

Hunt faced legal challenges over his oil deal with the Kurdistan Regional Government, with accusations of undermining Iraqi central government authority.
In November 2009, Hunt received an eviction notice from native Peruvians regarding the Amarakaeri Communal Reserve, leading to disputes over land rights and environmental concerns.

Philanthropy and Donations

Hunt is a major donor to the SMU athletic program and played a significant role in SMU's move to the Atlantic Coast Conference.
He and his wife donated $2 million to a Super PAC supporting Jeb Bush's presidential candidacy in 2015.
Hunt is known for his political donations, particularly in support of the Bush family.
He contributes to various philanthropic endeavors, including educational and athletic initiatives.

Family and Succession

His son, Hunter Hunt, serves as co-CEO of Hunt Consolidated Energy and is considered his heir apparent.
Hunt comes from a large family, including notable sisters like June Hunt, Swanee Hunt, and Helen LaKelly Hunt.

How long would it take you to become as rich as Ray Lee Hunt?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Ray Lee Hunt's net worth of $8.09B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.63% compared to 10.38% for the S&P 500 benchmark.

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Ray Lee Hunt is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Ray Lee Hunt, Oil and Real Estate are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey