Overview
Nelson Bunker Hunt (February 22, 1926 – October 21, 2014) was an American oil company executive. He was a billionaire whose fortune collapsed after he and his brothers William Herbert and Lamar tried to corner the world market in silver but were prevented by government intervention. He was also a thoroughbred horse breeder and a major sponsor of the John Birch Society.
Personal
Hunt was born in El Dorado, Arkansas, but lived most of his life in Dallas, Texas. He was the son of Lyda Bunker and oil tycoon H. L. Hunt, who set up Placid Oil, once one of the biggest independent oil companies, He had six siblings: Margaret Hunt Hill (1915–2007), H. L. Hunt III (1917–2005), Caroline Rose Hunt (1923–2018), Lyda Bunker Hunt (born and died in 1925), William Herbert Hunt (born 1929), and Lamar Hunt (1932–2006). He was married to Caroline Lewis Hunt of Ruston, Louisiana for 63 years until his death, and they had four children together. In October 2014, Hunt died at the age of 88. He had cancer and dementia.
Business career
Hunt played a significant role in the discovery and development of the oil fields in Libya, the more established oil enterprises' stake of which were nationalized by Muammar Gaddafi in 1973. This nationalization later resulted in the House of Lords decision in BP Exploration Co (Libya) v Hunt (No 2) [1983] 2 AC 352.
Hunt owned the Dallas-based Titan Resources Corporation, which is still involved in the exploration of oil in North Africa. He was chairman of Hunt Exploration and Mining Company (HEMCO).
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