Oilman H.L. Hunt was known for his eccentricities. At age 83, he demonstrated his “creeping” exercises, which he'd do for two or three minutes several times a day. The billionaire, who had families with three women, also believed that he possessed a “genius gene” that he was obligated to pass on to the world.
Al Hill Jr., who once backed his son, now says Al III seeks a payoff to support a lavish lifestyle
Al Hill III says he's defending great- grandfather H.L. Hunt's legacy by blocking a plan to divvy up the family trusts.
Behind every great fortune lies some great nutjob.
What a bunch of degenerates. This is why we don’t need an inheritance to prevent dynasties. Regression towards the mean takes care of the idiot sons and daughters. “genious gene” indeed.
I’ve read several biographies about H.L. As you would expect, none give him credit for his sharp business acumen.
History accuses Hunt of “stealing” C. M. ‘Dad’ Joiner’s leases in the East Texas Oil Field, when in reality it was a legitimate business transaction. Joiner was under tremendous pressure from creditors and shareholders to whom he owed much money. Hunt negotiated settlements to all the claimants when he bought Joiner’s leases and they were glad to get the money.
I'd like to try.
Rush Limbaugh was right when he said the biggest problem rich people have is their children.
Lol. Defrauding the IRS? More power to them.
In the early seventies H L Hunt set up a booth at the Texas State Fair selling HLH Gastro-Majic indigestion pills. I’m deadly serious I was 23 years old and fresh out of the Marine Corps when I turned the corner and there was H L Hunt. Surprisingly there was no one around and I stepped up to the booth and quite frankly shot the sh$t with one of the worlds richest men. I found him to be witty and self deprecating. I will of course never forget those few moments. I believe he did have a genius gene. I liked him!
Good plan Al#3. Get the IRS involved. That’ll increase your fortune.
In the 1971 movie “Executive Action”, I’ve always believed that H.L. Hunt was the character filmed from behind, watching a Kennedy speech, who then picked up the phone and said “Go”.
His ties to Johnson completed the picture for me.
Very interesting read bump.
LBT
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For anyone interested in reading more about the greatest U.S. oilfield discovery you should read “The Last Boom” by Clark & Halbouty.
While the rest of the nation was suffering through the Great Depression in the early 30’s, Kilgore and E. Texas in general never had to experience that level of misery due to the huge boom.
Some would argue, that without finding this oilfield, we would all speaking german right now. It was that important to our efforts during WWII.