Haroldson Lafayette Hunt Jr., known throughout his life as H. L. Hunt, was a Texas oil tycoon and Republican political activist. By trading poker winnings for oil rights, he ultimately secured little to much of the East Texas Oil Field, one of the world's largest oil deposits. From it and his other acquisitions, he accrued a fortune that was among the world's largest; at the time of his death, he was reputed to have the highest net worth of any individual in the world.
Life
Hunt was born near Ramsey, in Carson Township, Fayette County, Illinois, the youngest of eight children. He was named after his father, Haroldson Lafayette Hunt, who was a prosperous farmer-entrepreneur; his mother was Ella Rose Hunt. Hunt was educated at home. Hunt did not go to grade school and high school. Later, he said that education is an obstacle to making money. As a teenager, Hunt traveled to different places before settling in Arkansas, where he was running a cotton plantation by 1912. He had a reputation as a math prodigy and was a gambler. It was said that after his cotton plantation was flooded, he turned his last $100 into more than $100,000, gambling in New Orleans. With his winnings, he purchased oil properties in the neighborhood of El Dorado, Arkansas. He was generous to his employees, who in turn were loyal to him, informing him of rumors of a massive oil field to the south, in East Texas—the East Texas Oil Field. In negotiations over cheese and crackers, at the Adolphus Hotel in Dallas, with the wild-catter who discovered the field—"Dad" Joiner—Hunt secured title to what was then the largest known oil deposit in the world, having agreed to pay only $1,000,000, and protect Joiner from liability for his many fraudulent transactions surrounding the property. In 1957 Fortune estimated that Hunt had a fortune of US$400-700 million, and was one of the eight richest people in the United States. J. Paul Getty, who was considered at the time to be the richest private citizen in the world, said of Hunt, "In terms of extraordinary, independent wealth, there is only one man—H. L. Hunt."
Personal
Hunt had fifteen children by three wives. He married Lyda Bunker of Lake Village, Arkansas in November 1914, and remained married to her until her death in 1955. His seven children by her were: Margaret, Haroldson, Caroline, Lyda, Nelson Bunker, William Herbert, and Lamar. Their home on White Rock Lake in Dallas was styled after Mount Vernon though much larger. His first son, Hassie, who was expected to succeed him in control of the family business, was lobotomized in response to increasingly erratic behavior. He outlived his father. Lamar founded the American Football League and created the Super Bowl, drawing on the assistance of his children in selecting the game's name. Two other children, Herbert and Bunker, are famous for their purchasing much of the world's silver, in an attempt to corner the market. They ultimately owned more silver than any government in the world, before their scheme was discovered and undone. Bunker Hunt was briefly one of the wealthiest men in the world, having discovered and taken title to the Libyan oil fields, before Muammar Gaddafi nationalized the properties. While still married to Lyda, H. L. Hunt is said to have married Frania Tye of Tampa, Florida, in November 1925, using the name Franklin Hunt. Frania claimed to have discovered the bigamous nature of her marriage in 1934, and in a legal settlement in 1941, Hunt created trust funds for each of their four children and she signed a document stipulating that no legal marriage between them had ever existed. About the same time, she briefly married then divorced Hunt's employee, John Lee, taking the last name Lee for herself and her four children. Her four children by Hunt were: Howard, Haroldina, Helen, and Hugh. Frania Tye Lee died in 2002. Hunt supported and had children by Ruth Ray of Shreveport, Louisiana, whom he met when she was a secretary in his Shreveport office. They married in 1957 after the death of Hunt's wife Lyda. His four children by her were: Ray, June, Helen, and Swanee. His youngest son, Ray Lee, ultimately inherited the business, and was a major supporter of President George W. Bush. His 15 children in birth order are:
Nelson Bunker Hunt : A major force in developing Libyan oil fields. Eventually attempted to corner the world market in silver in 1979, and was convicted of conspiring to manipulate the market. Legendary owner-breeder of Thoroughbred racehorses.
William Herbert Hunt A major and defining force in the oil industry, he was also a legendary businessman and oilman. At times, ran Hunt Oil, Hunt Petroleum, Hunt Energy, Placid Oil, etc. The founder of Petro-Hunt LLC.
Helen Lee Cartledge Hunt died in the Air France Flight 007 disaster, the worst single aircraft disaster up until that time.
A scandal emerged in 1975, after his death, when it was discovered that he had had a hidden bigamous relationship, with his second wife living in New York.
, an advertising executive who previously claimed to have had an extended love affair and a son with President Lyndon B. Johnson, said that she was present at a party at the Dallas home of Clint Murchison Sr. on the evening prior to the assassination of John F. Kennedy that was attended by Johnson as well as other famous, wealthy, and powerful individuals including Hunt, Murchison, J. Edgar Hoover, and Richard Nixon. According to Brown, Johnson had a meeting with several of the men after which he told her: "After tomorrow, those goddamn Kennedys will never embarrass me again. That's no threat. That's a promise." Brown's story received national attention and became part of at least a dozen John F. Kennedy assassination conspiracy theories.
