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Shaved Hamm?


Gazette staff March 27th, 2013

Continental Resources CEO Harold Hamm should be happy he’s worth so much money: $11.3 billion, according to Forbes. But with great wealth comes the potential for great, big, costly divorces.

Credit: Brad Gregg

And Hamm might face a doozy since his estranged wife, Sue Ann Hamm, filed for divorce last May.

The story was broken by Reuters, the self-appointed scourge of Oklahoma energy barons, already having spanked SandRidge Energy CEO Tom Ward and departing Chesapeake CEO Aubrey McClendon in recent headlines.

Sue Ann Hamm, an economist and lawyer by profession, worked as an executive at Continental at a time when the company experienced massive growth. And that one detail, family law experts contend, could get her around $2 billion in a divorce settlement, eclipsing the $1.7 billion paid by News Corp. chairman Rupert Murdoch to his ex-wife in 1999.

Under Oklahoma family law, wealth accrued through the efforts of either spouse during a marriage would typically be subject to equitable distribution between the parties.

 
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