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Paul Huntsman, 46, is the sixth of nine children born to wealthy Utah industrialist-philanthropist Jon Huntsman Sr. and his wife, Karen Huntsman.

Paul Huntsman, who is in the process of buying The Salt Lake Tribune, serves as president and CEO of the family's private-equity fund, Salt Lake City-based Huntsman Family Investments; his father is the fund's chairman. With more than $1.1 billion under its management, the investment firm's stated goal is "to make direct, long-term investments in diversified industries" worldwide.

Before overseeing the fund, the younger Huntsman was vice president of Huntsman Corp., the family's global chemical company, valued at more than $8 billion.

He has extensive experience in management and directing businesses in the U.S., Asia and Australia.

He earned his bachelor's degree from the University of Utah and a master's degree in business administration from the Wharton School at the University of Pennsylvania.

He is married to Cheryl Huntsman and has eight children.