🠈 Hunt Dynasty 🠊
Haroldson Lafayette Hunt won an oil field in a poker game and went on to become a leading Texas oil billionaire. He had 15 children from three wives. This extended family developed into a dynasty owning numerous businesses.
In the 1970s, the Hunt Brothers attempted to corner the silver market. Their dreams collapsed (largely due to efforts by the Federal government).
The Hunt family was the richest family in United States. Their primary investments were in oil. The investments included fields in Libya which were nationalized.
I am not interested in the oil. However, the family was involved in numerous merger chains.
The bulk of the Hunt fortune was invested in oil and silver. I don't have the time to follow this market. The family diversified and acquired numerous businesses. This section only lists the transactions that I encounter in other research.
- 1975: Hunt International Resources, headed by Nelson Bunker Hunt acquired Great Western United Company which owned Colorado Milling and Elevator Co., Great Western Sugar and Shakey's Pizza.
- 197?: Nelson Bunker Hunt was considered the richest man in the world. He and his brothers began hoarding silver to corner the silver market.
- 1979: Caroline Rose Hunt founded Rosewood Hotel. It grew to 14 hotels and was sold to New World Hospitality of Hong Kong in 2011 for $229 million.
- 1980: Paul A. Volcker, Chairman of the Federal Reserve, ruled that investors could no longer buy silver on margin.
- 1980-03-27: On Silver Thursday, the prices of silver collapsed and ended the Hunt Brother's effort to corner the silver market.
- 1986: The Broe Group acquired Great Western Railroad which they renamed OmniTRAX.
- Wikipedia - HL Hunt (Drawn 5/4/2019)
- Wikipedia - Rosewood Hotel (Drawn 5/4/2019)
- Wikipedia - Silver Thursday (Drawn 5/4/2019)
- NY Times - 12 Flour Mills Indicted (Drawn 5/4/2019)
Prev ~ ~ Index ~ ~ Next