William Herbert Hunt

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]

William Herbert Hunt
Born (1929-03-06) March 6, 1929
El Dorado, Arkansas, US
NationalityAmerican
OccupationHeir, owner of 25% of Halcon
Net worth$2.0 billion (January 2015)[1]
Children5
Parent(s)H. L. Hunt
Lyda Bunker
RelativesMargaret Hunt Hill, H. L. Hunt III, Nelson Bunker Hunt, Caroline Rose Hunt, and Lamar Hunt (siblings)

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 came back to power years later.

In 2012, Hunt sold a minor portion of Petro-Hunt's assets in the Williston Basin to Halcon Resources[6] 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.[7]

Personal life

Hunt lives in Dallas, Texas, and has five children.[1]

References
  1. "W. Herbert Hunt". Forbes. Retrieved January 7, 2015.
  2. 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.
  3. Eichenwald, Kurt (December 21, 1989). "2 Hunts Fined And Banned From Trades". New York Times. Retrieved April 13, 2008.
  4. "Nelson Hunt Denies Plotting to Manipulate Silver Market". Los Angeles Times. June 2, 1988. Retrieved September 19, 2013.
  5. Robert Wilonsky (November 30, 1995). "Giddy-up!". Dallas Observer. Retrieved September 19, 2013.
  6. "Energy tycoons on Forbes 400 list". November 13, 2014.
  7. Rupert Cornwall. "Nelson Bunker Hunt dead: Former world's richest man dies in 'modest circumstances' in US after losing his fortune".


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