This may be the largest divorce settlement in history
Reported by Liku Zelleke
Harold Hamm, 68, is an oil tycoon from Oklahoma. He has been crucial in America’s recent oil boom and according to Forbes, he’s the 39th richest person on the planet.
As if that weren’t enough exposure, Hamm is soon going to add the title of “Person with Most Expensive Divorce Ever” to his name. It has been reported that Hamm and his wife, Sue Ann Hamm, have already been to court in Oklahoma City, according to court documents.
Hamm’s fortune was made when he founded, and is still the chairman of, Continental Resources – an oil company that was one of the pioneers of fracking technology. He was also Mitt Romney’s energy adviser during the 2012 elections and has even been named one of Time Magazine’s most influential people of the year.
The judge has sealed most records, and the proceeding itself, so not very much can be said about the trial at this time. The reason for the closed trial is fear that sensitive information about Continental could be leaked, causing financial security issues.
But, what can be said is that Hamm is worth an estimated $20.2 billion and most of his wealth was accrued during his marriage which lasted for 26 years. If his divorce goes through, he will only need to part with a quarter of his wealth to beat the current record for most expensive divorce. That record is currently held by Russian oligarch Dimitry Rybolovlev, who after getting divorced in May was asked to shell out $4.5 billion by a court ruling.
Seymour Reisman, a matrimonial attorney in New York who handles high net worth cases, and isn’t involved in the Hamm trial, said, “It appears it will be the most expensive divorce in history. I saw one report saying she was in line for $4 billion to $8 billion.”
Apart from being his wife, Mrs. Hamm directly contributed to growth of the company while she was an executive at Continental. It has been reported that no prenuptial agreement exists between the couple.