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Hamm remains at helm


Gazette staff March 12th, 2014

A divorce can be both mentally and financially draining for your average Joe and Jane, but when you’re a billionaire oil company CEO headed to splitsville, things can get dicey.

Continental Resources CEO and Oklahoman Harold Hamm received good news recently in the divorce case with his estranged wife, Sue Ann Hamm, Forbes reported.

There was speculation that Hamm could lose 70 percent controlling interest in the company, meaning his wife would win a big chunk of that black gold fortune. However, in a Feb. 13 order, unsealed March 4, Oklahoma District Court Judge Howard Haralson determined Hamm’s 122 million shares in the company were “premarital property.”

She won’t leave emptyhanded. Forbes lists Hamm’s net worth at $14.6 billion, and he owns 4 million additional shares in Continental that are not considered pre-marital property. With the stock sitting at about $125 per share, that’s a pretty hefty chunk of change to split.

 
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