He founded Hunt Oil Company in 1936. He saw great success in the oil business and reportedly used profits to invest in other industries like publishing, cosmetics, and even pecan farming.H.L. Hunt.
Hunt had 15 children with three different women, according to Forbes, and his fortune was put into trusts for each of them.H.L. Hunt and Ruth Ray Hunt.
Lamar and Nora's children inherited the team when he died. They still own the franchise today.Kansas City Chiefs owner and CEO Clark Hunt holds up the Lamar Hunt trophy with his mother, Norma Hunt, widow of the Chiefs founder, Lamar Hunt, after defeating the Tennessee Titans in the AFC Championship Game at Arrowhead Stadium on January 19, 2020 in Kansas City, Missouri. The Chiefs defeated the Titans 35-24.
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Source: Chiefs
Lamar's family also owns a minority stake in the Chicago Bulls NBA team.
Their brother, William Herbert Hunt, led their oil and gas company Petro-Hunt. He now serves as an advisor and several other family members run the company with him.
Another brother, Ray Lee Hunt, is the wealthiest of all 15 siblings, according to Forbes. He has a net worth of $5.2 billion and currently serves as the chairman for Hunt Consolidated, Inc.