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He believed a family leader should be there to answer the phone in the middle of the night if there was a problem. Some day, the oil and gas royalties will run out, and the future heirs, who no doubt will have even less contact with the ranch than todays heirs, might wonder why they are burdened with so much property that is not generating any income. Story of the king ranch. - Genealogy.com In 1974, with the death of Bob Kleberg and Dick, Jr., in poor health, the Family selected James H. Clement, Sr., the husband of King's great granddaughter Ida Larkin, as President and CEO. In 1853, Captain Richard King purchased a creek-fed oasis in the Wild Horse Desert of South Texas, sparking generations of integrity, preservation, and innovation. Clement had grown up with Tio on the ranch during the sixties, when Clements father was helping run the ranchs corporate affairs. Husband of Henrietta Maria Morse King Soon after Richards death, Henrietta asked Robert Kleberg, the husband of her youngest daughter, Alice (the Kings had four children), to run the ranch, a herculean task considering that it was about $500,000 in debt. Move Over, Snake Farm: Reptilandia Is the Hill Countrys Classy New Reptile Zoo, The Bronc-busting, Cow-punching, Death-defying Legend of Boots ONeal. He focused on getting rid of the businesses that were faltering, such as the companys cotton warehouse in Galveston, a lumberyard in Kingsville, and a horse farm in Kentucky. He did not miss a roundup. He just wasnt the kind of leader you would want to follow into battle, Tio says now. Always hungry for more land, Mr. Bob, as he became known among the Kineos, used the King Ranchs share of the oil royalties to buy huge amounts of land in Australia, Cuba, Europe, and South America, creating a worldwide cattle kingdom. What Alexander and Clement did believe was the right thing for the shareholders was for them to support Hunt over Tio. Famous for covering more land than the state of Rhode Island, Texas' legendary King Ranch has placed the King family at No. The two boys were raised by their aunt and uncle, Helen and Bob Kleberg. Cattle rancher Richard King and wife Henrietta founded the ranch, according to a 1980 Texas Monthly article, and when the latter died in 1925, her heirs split up the ranchs 1.2 million acres. The Klebergs, the family that owns the legendary King Ranch in Texas, could be sitting on a billion dollars of land value, according to one estimate. Like Bob Kleberg, Tio was always looking for ways to help the ranch prosper in difficult times. The King descendants, who have privately owned the ranch since its inception, clock in at 911,215 acres. By the late eighties Tio was the only member of his generation willing to stay on the ranch. Waggoner Ranch isnt as large as King Ranch, but it calls itself the largest ranch under one fence. King Ranch, meanwhile, is split across multiple parcels.