H. L. Hunt

Haroldson Lafayette Hunt Jr. (February 17, 1889 – November 29, 1974) was an American oil tycoon. By trading poker winnings for oil rights according to legend, but more likely through money he gained from successful speculation in oil leases, he ultimately secured title to much of the East Texas Oil Field, one of the world's largest oil deposits. He acquired rights to East Texas oil lands initially through a $30,000 land purchase from oil speculator Dad Joiner, and founded Hunt Oil in 1936. From it and his other acquisitions, which included diverse interests in publishing, cosmetics, pecan farming, and health food producers, he accrued a fortune that was among the world's largest. In the 1950's, his Facts Forum Foundation supported highly conservative newspaper columns and radio programs, some of which he authored and produced himself, and for which he became known. At his death, he was reputed to have one of the highest net worths of any individual in the world, a fortune estimated between two and three billion dollars. Life Hunt was born near Ramsey, in Carson Township, Fayette County, Illinois, the youngest of eight children. He was named after his father, Haroldson Lafayette Hunt, who was a prosperous farmer-entrepreneur. His mother was Ella Rose (Myers) Hunt. Hunt was homeschooled. He did not go to elementary school or to high school. Later, he said that education is an obstacle to making money. As a teenager, Hunt traveled to different places before he settled in Arkansas, where he was running a cotton plantation by 1912. He had a reputation as a math prodigy and was a gambler. It was said that after his cotton plantation was flooded, he turned his last $100 into more than $100,000 after he had gambled in New Orleans. With his winnings, he purchased oil properties in the neighborhood of El Dorado, Arkansas. He was generous to his employees, who, in turn, were loyal to him by informing him of rumors of a massive oil field to the south, in East Texas. In negotiations over cheese and crackers, at the Adolphus Hotel in Dallas, with the wild-catter who discovered the East Texas Oil Field, Columbus Marion "Dad" Joiner, Hunt secured title to what was the largest known oil deposit in the world. Hunt had agreed to pay Joiner $1,000,000 and to protect him from liability for his many fraudulent transactions surrounding the property.