H.L. Hunt, father of the Kansas City Chiefs’ Lamar Hunt, invested in oil and made his family one of America’s richest.
He founded Hunt Oil Company in 1936. He saw great success in the oil business and reportedly used profits to invest in other industries like publishing, cosmetics, and even pecan farming.
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Source: Encyclopedia Britannica, The New York Times
Hunt died in 1974 with an estimated net worth of between $2 billion and $3 billion.
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Source: Encyclopedia Britannica
Hunt had 15 children with three different women, according to Forbes, and his fortune was put into trusts for each of them.
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Source: Forbes, The Victoria Advocate
One of Hunt’s sons, Lamar Hunt, founded the American Football League.
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Source: Smithsonian Magazine
He also owned the Kansas City Chiefs with his wife Norma until he died in 2006.
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Source: Chiefs
Lamar and Nora’s children inherited the team when he died. They still own the franchise today.
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Source: Chiefs
Lamar’s family also owns a minority stake in the Chicago Bulls NBA team.
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Source: Forbes
They also have a family real estate portfolio that includes SubTropolis, an underground business complex in Kansas City.
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Source: Forbes
Lamar’s sister, Caroline Hunt, founded Rosewood Hotels & Resorts in 1979 after her father left her The Rosewood Corporation. She died in 2018.
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Source: The Associated Press
Their brother, William Herbert Hunt, led their oil and gas company Petro-Hunt. He now serves as an advisor and several other family members run the company with him.
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Source: Petro-Hunt
Another brother, Ray Lee Hunt, is the wealthiest of all 15 siblings, according to Forbes. He has a net worth of $5.2 billion and currently serves as the chairman for Hunt Consolidated, Inc.
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Source: Forbes, Hunt Consolidated, Inc.
Grandson Clark Hunt is the current CEO of the Kansas City Chiefs.
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As of 2020, the Hunt family had a combined net worth of $15.5 billion, making them one of the richest families in America.
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Source: Forbes, Business Insider
