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ay Lee Hunt inherited most of father H.L. Hunt's 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 $4.6 billion. He is a graduate of Southern Methodist University, Dallas, TX, where he was a member of the Phi Delta Theta fraternity, and now 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.
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