Ray Lee Hunt

Ray Lee Hunt: Career Highlights

Ray Lee Hunt inherited Hunt Oil Co. and General American Oil Company after his father's death in 1974. Under his leadership, the family's net worth grew significantly, from an estimated $200 million in 1982 to $4.6 billion in 2006.

One of Ray Lee Hunt's notable achievements was striking an oil deal with the Kurdistan Regional Government in 2007. The deal, estimated to be worth between $8 billion and $14.5 billion, was denounced as illegal by the Iraqi Oil Minister. However, the Kurds insisted on profit-sharing.

Ray Lee Hunt's involvement in the oil deal also drew attention from the U.S. Congressional committee, which concluded that Bush administration officials were aware of the deal, contradicting American policy.

In 2009, Ray Lee Hunt faced an eviction notice issued by native Peruvians for operating in the Amarakaeri Communal Reserve without consent.

Additionally, Ray Lee Hunt was the former owner of Southwest Media Corporation of Texas, which published D Magazine, Houston City Magazine, Texas Homes, and Sport Magazine.