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Largest divorce settlement in US history still in dispute

Americans are transfixed by the most extraordinary divorce unfolding between an Oklahoma oil magnate and his wife.

Harold Hamm and his wife, Sue Ann

Harold Hamm and his wife, Sue Ann, attend the TIME 100 Gala celebrating TIME'S 100 Most Influential People In The World in 2012. (Getty)

Multibillionaire American oilman Harold Hamm has been ordered to pay almost $1 billion to his ex-wife to settle one of the most expensive divorce cases in US. But now she says it is not enough.

According to a ruling filed in Oklahoma on Monday, the CEO of Continental Resources owes his former wife Sue Ann Hamm $995,481,842 for "property division alimony."

In an interview with Bloomberg Mr Hamm sounded relieved, saying “the trial is over and I feel like a free man.”

But his former wife has confirmed that she is going back to court to argue that she deserves a larger percentage of his wealth.

Hamm, 68, is one of America's richest people. His 68-percent stake in Continental Resources is worth nearly $14 billion, according to Forbes.

Time magazine included him in its 2012 list of the 100 most influential people, noting how he had grown his business through the use of hydraulic fracturing (fracking).

The couple were married in 1988.

Hamm must pay Sue Ann, 58, nearly $323 million by the end of the year, then the rest must be paid off in monthly installments of at least $7 million, plus interest. He had already paid her more than $22 million.


2 min read

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Updated

Source: AFP, SBS



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