Entries in Harold Hamm (1)


Billionaire Oil Executive’s Divorce Could Be Most Expensive of All Time

ABC News(NEW YORK) -- The man that Forbes calls the 35th richest American is getting divorced, and it could split up control of the nation’s fastest growing oil company and result in a record-breaking settlement.

Harold Hamm, 67, is a self-made man worth over $11 billion, in large part due to his oil company, Continental Resources. His second wife, Su Ann Hamm, 56, filed for divorce on May 19, 2012 after she discovered he had cheated on her.

The settlement could include part of Hamm’s 68 percent share in Continental Resources, which she helped him build.

“This is clearly going to be watched on Main Street as well as Wall Street, and internationally,” Su Keenan at Bloomberg told ABC News.

After details of the divorce were leaked, Continental Resources issued a statement to help calm any nervous investors claiming that the divorce “is not anticipated to have any impact or effect on the Company’s business or operations.”

Hamm was the senior energy advisor on Mitt Romney’s presidential campaign and is so wealthy that the candidate allegedly shied away from appearing in public with him. Hamm is a major promoter of fracking.

Copyright 2013 ABC News Radio

ABC News Radio