nb_cid nb_clickOther -tt-nb this.style.behavior='url(#default#homepage)';this.setHomePage('http://www.aol.com/?mtmhp=acm50ieupgradebanner_112313 network-banner-empty upgradeBanner
14
Search AOL Mail
AOL Mail
Video
Video
AOL Favorites
Favorites
Menu

Oil tycoon Harold Gamm could have 'most expensive divorce' ever

Will Oil Tycoon's Divorce Settlement Be Most Expensive Ever?

Harold Hamm, who built an empire in the oil industry, is one of the richest men in the world. But now some of those billions could be at stake as he and his wife undergo talks for what will likely be an extremely pricey divorce.

Hamm and his wife, Sue Ann, have been separated since 2005 due to her claims of his infidelity. With a hefty $20 billion fortune on the table, the couple's divorce trial has made headlines claiming it could be the most expensive divorce ever.

Hamm founded Continental Resources in the 1960s and was a pioneer in oil fracking. According to Forbes, Hamm is currently the 34th richest person in the world.

The company's success is now at the center of a heated debate within the trial as the two sides argue whether it was due to luck or skill. As CNBC explains, "Couples have two kinds of assets: There's active and there's passive. Active assets are those that come from work and those are the ones that can be divided. Passive assets, well, they're from luck or passive investing."

Although this asset division is not unique to the couple's home state of Oklahoma, most divorce settlements haven't had this much at stake.

So much that even some of the proceedings, such as the opening arguments, were kept behind closed doors in order to protect confidential information and company shareholders.

Some outlets are predicting this to be the most expensive divorce settlement in history, beating a $4.5 billion settlement in May against a Russian businessman.

NBC has dubbed this "the King Kong of divorce cases" in which Sue Ann Hamm would only need less than a quarter of her ex-husband's net worth to match the record settlement: they say the settlement could be $17 billion.

In the U.S., some prominent divorce settlements have topped a few hundred million. Mel Gibson's was $425 million, Michael Jordan's was $168 million and Tiger Woods' was $110 million.

According to the Daily Mail, some experts are now wondering what such a large settlement would mean for the company, as Hamm ownsa 68 percent stake in Continental Resources, which produces nearly 10 percent of America's oil.

Neither party's lawyer has commented on the case. A settlement is expected by the end of October.

Join the discussion

1000|Characters 1000  Characters
michaelnel4449 August 30 2014 at 8:39 AM

Take this opportunity America, and take a good look at this guy... he is only one of many hundred of people who have the money and the influence to buy our leaders in congress. Because of people like this guy, our leaders put 99% of Americans on the back burner and make laws to protect them and keep low tax rates for them. Isn't it time we started a third independent party to begin the process of removing both parties in the US Congress?

Flag Reply +16 rate up
5 replies
Motichanda August 30 2014 at 8:18 AM

These are UGLY men who think they are gorgeous and put woman through hell. if he was penniless he's have no one. I bet he was with a younger woman who loves him "for his money!" He won't learn. it's cheaper to pay a hooker than to marry!!

Flag Reply +14 rate up
6 replies
brennemanbelkin August 30 2014 at 9:27 AM

My wife got zilch.
However, if I knew where they lived,
I'd send her new husband a check.

Flag Reply +13 rate up
3 replies
John August 30 2014 at 6:21 AM

NEVER GET MARRIED!

Flag Reply +12 rate up
2 replies
Jimmy John August 30 2014 at 1:22 PM

My thoughts exactly, not a billionaire but whats mine is mine, and going to stay mine, I worked for it, so why should someone else take it away.

Flag Reply +2 rate up
3 replies
patriot1too John August 30 2014 at 5:03 PM

Too many deadbeat gold digging manipulative women who want a free ride gravy train by playing the false victim for unearned profit and manic control. The explotation of fathers and his children has destroyed our society. Get rid of no fault divorce laws now.

Flag Reply +1 rate up
IBruzEZ August 30 2014 at 7:48 AM

He was cheating.. needs to pay the piper.! She deserves whatever her lawyers can grab for her.

Flag Reply +12 rate up
5 replies
exitscreaming August 30 2014 at 10:54 AM

What exactly did she do that is deserving of that kind of money? Oh that's right....nothing

Flag Reply +6 rate up
8 replies
vegetto764 August 30 2014 at 8:25 AM

Other expensive Settlements

Silvio Berlusconi - $1.3 Million per month (Former Italian Prime Minister)
Ted Danson - $30 Million
Prince Charles - $33 Million
Michael Douglas - $45 Million
Paul McCartney - $50 Million
Phil Collins - $50 Million
James Cameron - $50 Million
Kenny Rogers - $60 Million
Kevin Costner - $80 Million
Harrison Ford - $85 million
Steven Spielberg - $100 Million
Tiger Woods - $100 million
Neil Diamond - $150 million
Michael Jordan - $168 million
Craig McCaw - $465 Million (Cable TV Executive)
Adnan Khashoggi - $874 Million (Saudi Arabian Businessman)
Rupert Murdoch - $1.7 BILLION
Harrold Hamm - $1.7 BILLION (Oklahoma Oil Tycoon)

9 out of 10 Women Millionaires got their money through divorce settlements or inheritances.

Flag Reply +5 rate up
5 replies
Mike August 30 2014 at 7:35 AM

Marriage vows are meaningless.

Flag Reply +4 rate up
4 replies
cmcclarty August 30 2014 at 9:58 AM

Gee your honor really I didnt know she had bad brakes.

Flag Reply +4 rate up
Michael Dubacher August 30 2014 at 9:01 PM

Oil Well...... I mean... oh well...that's what you get for putting the dip stick in the wrong motor block.

Flag Reply +2 rate up
aol~~ 1209600

Voting...

More From Our Partners