Ray Lee Hunt

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Ray Lee Hunt (1943-) inherited most of father's H.L. Hunt Hunt Oil Co. along with his three sisters. In 1982, Forbes magazine estimated Ray Hunt's family's total net worth to be $200 million. Ray made a huge oil find in Yemen in 1984. It took two years for Hunt, partnering with other companies, to lay a pipeline and build a refinery for the oil. In 2006 Forbes estimated that Ray’s family's net worth increased from $200 million to $4 billion. He is a graduate of Southern Methodist University, Dallas, TX and serves on its Board of Trustees. Former owner of Southwest Media Corporation of Texas which D Magazine of Dallas, Houston City Magazine, Texas Homes and Sport Magazine.

In October of 2007, Ray struck an oil deal with the Kurdish in the northern region of Dahuk near the Turkish border in Iraq. The Iraqi Oil minister has denounced the deal as illegal, though there is no specific law against it, claiming it undermines the country's negotiations to share profit between the Kurds, Sunni and Shiites. The Kurds refuse to share details about the deal but insist that they will share profits. Likewise, Hunt Oil has refused to answer questions about the deal from US government officials who called for details when the deal became public.