America’s fracking king has lost his queen — and $995.5 million in the
process. An Oklahoma judge ruled last week that billionaire oilman
Harold Hamm is going to have shell out about a billion in one of the
biggest divorce settlements ever.
Oklahoma law requires divorcing
spouses to share whatever they “made through skill” during their
marriage. Hamm argued that the billions he made from the North Dakota
shale fields represented more luck
than business acumen. The court didn’t buy that.
One reason: The
company Hamm runs, Continental Resources, had spent recent years lauding
his “leadership and business judgment” to shareholders.
Hamm’s ex, a
former Continental exec herself, also gets the couple’s $17.5 million
California ranch and an Oklahoma home worth $4.7 million. Sue Ann
Hamm plans to appeal for more . . .
from here
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