Ray Lee Hunt (born 1943) is an American billionaire heir and businessman. Early life Hunt is the son of the late H. L. Hunt (1889–1974), founder of Hunt Oil Co. His parents married in 1957. Hunt's sisters include June Hunt, Swanee Hunt, and Helen LaKelly Hunt. Education Hunt is a graduate of Southern Methodist University in Dallas, Texas. Career After his father's death in 1974, he inherited Hunt Oil Co. and the remains of the General American Oil Company along with his three sisters. In 1982, Forbes magazine estimated Ray Hunt's family's total net worth to be $200 million. In 2006 Forbes estimated that Ray's family's net worth increased from $200 million to $4.6 billion. In September 2007, Hunt struck an oil deal with the Kurdistan Regional Government in the disputed territories of Ninewa near the Dohuk Governorate with an estimated value of $8 to $14.5 billion. The federal Iraqi Oil minister has denounced this deal as illegal, because under current Iraqi law only the central government is authorized to enter into contracts, though the Kurdistan Region believes it has a constitutional right to do so. The Kurds refuse to share details about the deal but insist that they will share profits. Likewise, Hunt Oil has refused to answer questions about the deal from US government officials who called for details when the deal became public. A U.S. Congressional committee concluded that George W. Bush administration officials knew that Hunt oil was planning to sign the oil deal with the regional Kurdistan Regional Government that ran counter to American policy and undercut Iraq's central government. The issue is still open and the State Department's Office of Inspector General is reviewing the issue. In November 2009, native Peruvians under the coalition of the Native Federation of the Rio Madre de Dios, (FENAMAD), issued an eviction notice to Ray Hunt and the Hunt Oil Company from the Amarakaeri Communal Reserve. In the letter FENAMAD wrote, "Having peacefully exhausted all protest, without receiving any answer, we hereby communicate to you that we have agreed to a fifteen-day period for you to definitively withdraw from the Amarakaeria Communal Reserve since you do not have the indigenous community's consent." A press release issued by Amazon Watch stated that "The Reserve was first established in 2002 after years of indigenous petitioning to protect the rainforest area of the vast Madre de Dios and Karene watersheds and