Ray Lee Hunt (born 1943) is an American billionaire, businessman, and member of the Hunt family.
Early life
Hunt is the son of the late H. L. Hunt (1889–1974), founder of Hunt Oil Co.
Career
After his father's death in 1974, he inherited Hunt Oil Co. and the remains of the General American Oil Company along with his three sisters. In 1982, Forbes magazine estimated Ray Hunt's family's total net worth to be $200 million.
In November 2009, native Peruvians under the coalition of the Native Federation of the Rio Madre de Dios, (FENAMAD), issued an eviction notice to Ray Hunt and the Hunt Oil Company from the Amarakaeri Communal Reserve. In the letter FENAMAD wrote, "Having peacefully exhausted all protest, without receiving any answer, we hereby communicate to you that we have agreed to a fifteen-day period for you to definitively withdraw from the Amarakaeria Communal Reserve since you do not have the indigenous community's consent." A press release issued by Amazon Watch stated that "The Reserve was first established in 2002 after years of indigenous petitioning to protect the rainforest area of the vast Madre de Dios and Karene watersheds and to provide protected zones for the Harakmbut indigenous peoples to live, fish, and hunt. The area in dispute, besides being a declared nature reserve, crosses the headwaters of several important river basins, and lies in the buffer zones of Manu and Bahuaja Sonene National Parks, two of the most biodiverse national parks in the world."
He is the former owner of the Southwest Media Corporation of Texas which published D Magazine, Houston City Magazine, Texas Homes and Sport Magazine.
Political donations
Hunt was a major supporter of former President of the United States George W. Bush and a member of the President's Foreign Intelligence Advisory Board. He serves on the Board of Trustees of his alma mater, SMU, and of the George W. Bush Presidential Center. In 2015, Hunt and his wife donated $2 million to a Super PAC supporting the presidential candidacy of Jeb Bush.
Other donations
Hunt is also a major donor to the SMU athletic program. He was one of a group of roughly 15 boosters who played a major role in the university's impending 2024 move from the American Athletic Conference to the Atlantic Coast Conference (ACC). The group's members committed to making athletic donations large enough to allow the school to forego any ACC media revenue for its first nine years as an ACC member.
Personal life
Hunt is married and has five children. Hunt's son, Hunter L. Hunt, is the CEO of Hunt Consolidated Energy. and a 2023 Yahoo Sports story placed his net worth at $7.5 billion.