Oklahoma billion-dollar divorce may get costlier

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Data pix.

OKLAHOMA CITY, Oklahoma – If anything can screw up a bitter divorce settlement, oil can.

Back in 2014, Oklahoma’s “Continental Resources” oil tycoon Harold Hamm split from his wife Sue Ann Arnall.

The judge gave her $972 million, mostly in cash, based on the share price of Continental’s stock at the time, around $116 and change.

But Arnall pulled an Amy Winehouse and said “no, no, no.”

She wants $266 million for maintenance and upkeep and a greater share of what she says is Hamm’s $18 billion in assets.

She says she’s entitled to because of their 26-year marriage, during which time he made barrels of money in the oil business.

But, Hamm says his wealth has plunged, thanks to the drop in oil prices that reached a ten-year low in November.

Hamm claims he’s now worth just a little over $9 billion dollars.

Not quite a pauper, but he says he’ll have to borrow money to make a $322 million lump-sum payment to his ex next week.

Just because his name is Hamm doesn’t mean she’s being a pig, but it does prove that in 2015, a billion bucks ain’t what it used to be.

Weekend forecast



Don't Miss