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Telling Fortunes

No. 19: William Herbert Hunt

Age: 84Home: DallasNet Worth: $3 billion

H. L. Hunt’s third-born son lost his fortune in the early eighties after joining his brother Bunker and several Saudis in a bid to corner the world’s silver market, buying up 60 percent of the U.S. supply before prices collapsed. He wound up filing for one of the largest bankruptcies in the nation’s history, but after years of living quietly, Hunt made his way back into the ranks of the world’s billionaires last year with new success in the old family business: oil and gas. The Highland Park resident sold off 43 percent of Petro-Hunt’s petroleum assets in North Dakota’s Bakken formation last October to Houston’s Halcón Resources, a move that puts him back on the Forbes list for the first time in 25 years. 

 

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