Oil tycoon to pay $1 billion divorce settlement
REPUBLICAN, MAYBE?
Oil baron Harold Hamm was ordered to pay nearly $1 billion in a divorce settlement, court filings revealed Monday.
Hamm's ex-wife, Sue Ann Hamm, will be paid a third of the $995.5 million by the end of the year. Her ex-husband is on a payment plan for the remaining $650 million, which he will pay in installments of at least $7 million per month. The couple were married for 26 years.
The judge presiding over the case, Special Judge Howard Haralson, placed a lien on 20 million shares of Hamm's company, Continental Resources (CLR). Filings show that grounds of the divorce were "mutually irreconcilable incompatibility." Judge Haralson declined to comment on the case
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As CNNMoney previously reported, it was thought that the Hamm divorce could be the most expensive ever, since Hamm, 68, is worth an estimated $20.2 billion, according to research firm Wealth X.
Though the settlement didn't reach the $4 billion to $8 billion settlement some estimated, serious cash and assets were on the negotiation table.
http://money.cnn.com/2014/11/10/luxury/harold-hamm-divorce/index.html?hpt=hp_t2
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