Now, in a stunning reversal of fortune for a man who loved recounting how he went from mowing lawns in Fort Washington to signing billion-dollar government contracts, Hunt’s $23.1 million trophy house is facing foreclosure.
The as-seen-on-MTV estate in one of Washington’s most exclusive — and expensive — neighborhoods is scheduled to be sold at auction on Sept. 27, in what would be one of the biggest foreclosures in the region’s history.
The looming public auction on the steps of the Arlington County Courthouse has former associates and neighbors wondering what happened to Hunt, the co-founder of RS Information Systems who was once among Washington’s highest-profile African American entrepreneurs.
Northern Virginia Magazine estimated Hunt’s net worth at $265 million in 2007, the year he sold RSIS to Wyle, a California aerospace engineering company. Now Bank of America says Hunt is in default on a $9.4 million loan on his 20,000-plus-square-foot house on a Potomac River bluff. According to court and land records, Hunt also owes more than $10 million on unpaid loans and bad business investments; creditors have filed a series of lawsuits to claim Hunt’s assets.
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Attorneys attempting to reach the beleaguered 51-year-old entrepreneur on other financial matters said that it’s not clear where he’s been living. In addition to the sprawling estate here, Hunt also has property in Texas, where the charismatic, 6-foot-7-inch former chief executive has been trying to launch a career as a hip-hop music and fashion impresario.
One recent morning, there were six cars in the parking-lot-size driveway at the McLean mansion. One appeared to be the same 1993 Nissan Maxima that Hunt’s son, Bradley, showed off while giving MTV a tour of the property for an episode of “Teen Cribs.”
The call box at the security fence did not ring the house; instead, as planes approaching Reagan National Airport buzzed high overhead, a phone-company message blared from the box, announcing that the number had been temporarily disconnected.
Reveling in success
Hunt launched RS Information Systems in 1992 by landing a $5,000 contract with the General Services Administration.
The next year, his wife, Leila, was killed in a car crash, leaving Hunt to raise their 14-month-old son on his own. He considered giving up on RSIS, he told a gathering of black business executives many years later, but decided not to. It became a test, he said, of his focus and fortitude.
RSIS became a huge success as Hunt juggled his work with being a single father. Certified as a minority-owned small business, the technology company began winning computer-networking contracts throughout the federal government and military, eventually becoming a mainstay of the Inc. 500 list, which measures revenue growth. At its peak in 2005, RSIS, which provided information technology, systems engineering, scientific support and management consulting, was generating $363 million in revenue and employing about 1,700 people.


Well damn, sad to hear about hardships like this for ANYONE. People do not understand why folks with money like to go HAM, but it comes down to the work hard, play hard saying. This dude was a single father and made it off a business that he was ready to give up on, so I can understand why he would want to give his son and family something they had never seen or had. With that said, everybody should remember to count their blessing no matter how big or small, because any disaster can become a blessing and any blessing can become a disaster.
ReplyDeleteLive for today & at the same time plan for 2morrow.
ReplyDeleteSorry Rodney. I always told you it was the right woman you were missing. Time for a new image old friend. My faith in you will never waiver. Much love to you and Bradley. ~ Es
ReplyDeleteRodney.I told you what goes up.Must come down.This news is not true. Come on everyone.Rodney is a very very smart man.He would never let this happen!!!!He just wanted to be in the news
ReplyDeleteYou know I was just thinking that this morning when I learned the auction was off. Rodney is about one of the smartest people I have ever had the pleasure of knowing, but why bad press??? ~Es
ReplyDeletePearl, if you ever catch up to Rodney for an interview - please tell him that what goes around comes around. While he was making these millions, people like my husband was working his ass off for him for very little pay. He killed Dave Smith, by flying him all over and making his stay in VA away from his wife for many years. Flying back and forth to see her in Chicago suburb eventually wore his body out and eventually died. Rodney, he called you friend and you didn't even come to the funeral! Bastard! I hope this makes you fall to your knees and get real with God and understand what you are given you are to bless others with.
ReplyDeleteRebecca Bardwell Smith - Steve Smith's wife.
Rebecca: I am conducting an investigation involving the dealings of Mr. Hunt. If you have any insight, please leave an email address where I can contact you or call (512)346-5688 and ask for Mr. Kelly. Thanks.
DeleteI hate to break it to any fans out there but this guy is scum of the earth. He uses, abuses, neglects, and exploits anyone and everyone he comes into contact with.
DeleteThis "cancer," who has received so much press and praise, has no teeth left in his head. And you think losing his mansion sounds bad? Wow!
Although it is a very sad state of affairs for Mr. Hunt and his family & friends, the fact remains, Rodney P Hunt does not give a damn about ANYONE BUT HIMSELF!
Mrs. Smith, I am sorry for the loss of your husband. I can truly understand your disgust with this monster and I am so sorry it came at such a high price. My heart goes out to you, along with all the other victims and lives he's destroyed.
ReplyDelete