William Herbert Hunt (born March 6, 1929) is an American oil billionaire, who along with his brothers Nelson Bunker Hunt and Lamar Hunt[1] tried but failed to corner the world market in silver.[2] According to Forbes, as of January 2015[update] his net worth was estimated at $2.0 billion.[3]
William Herbert Hunt was born in 1929 to Lyda Bunker and the oil well wildcatterH. L. Hunt.[3]
Careeredit
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, Permian/Delaware Basins and other basins across the US.[8]
Personal lifeedit
Hunt lives in Dallas, Texas, and has five children.[3]
Referencesedit
^McFadden, Robert D. (October 22, 2014). "Nelson Bunker Hunt, 88, Oil Tycoon With a Texas-Size Presence, Dies". The New York Times. Retrieved February 26, 2016.
^Eichenwald, Kurt (December 21, 1989). "2 Hunts Fined And Banned From Trades". The New York Times. Retrieved April 13, 2008.
^ abc"W. Herbert Hunt". Forbes. Retrieved January 7, 2015.
^"Nelson Hunt Denies Plotting to Manipulate Silver Market". Los Angeles Times. June 2, 1988. 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 (October 23, 2014). "Nelson Bunker Hunt dead: Former world's richest man dies in 'modest circumstances' in US after losing his fortune". Independent.co.uk.
This article about an American businessperson born in the 1920s is a stub. You can help Wikipedia by expanding it.
william, herbert, hunt, born, march, 1929, american, billionaire, along, with, brothers, nelson, bunker, hunt, lamar, hunt, tried, failed, corner, world, market, silver, according, forbes, january, 2015, update, worth, estimated, billion, born, 1929, march, 19. William Herbert Hunt born March 6 1929 is an American oil billionaire who along with his brothers Nelson Bunker Hunt and Lamar Hunt 1 tried but failed to corner the world market in silver 2 According to Forbes as of January 2015 update his net worth was estimated at 2 0 billion 3 William Herbert HuntBorn 1929 03 06 March 6 1929 age 94 El Dorado Arkansas USNationalityAmericanOccupation s Heir owner of 25 of HalconChildren5Parent s H L HuntLyda BunkerRelativesMargaret Hunt Hill Nelson Bunker Hunt Caroline Rose Hunt and Lamar Hunt siblings Contents 1 Early life 2 Career 3 Personal life 4 ReferencesEarly life editWilliam Herbert Hunt was born in 1929 to Lyda Bunker and the oil well wildcatter H L Hunt 3 Career editIn 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 Permian Delaware Basins and other basins across the US 8 Personal life editHunt lives in Dallas Texas and has five children 3 References edit McFadden Robert D October 22 2014 Nelson Bunker Hunt 88 Oil Tycoon With a Texas Size Presence Dies The New York Times Retrieved February 26 2016 Eichenwald Kurt December 21 1989 2 Hunts Fined And Banned From Trades The New York Times Retrieved April 13 2008 a b c W Herbert Hunt Forbes Retrieved January 7 2015 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 October 23 2014 Nelson Bunker Hunt dead Former world s richest man dies in modest circumstances in US after losing his fortune Independent co uk nbsp This article about an American businessperson born in the 1920s is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title William Herbert Hunt amp oldid 1187530914, wikipedia, wiki, book, books, library,
