Ex-wife of oil tycoon cashes $974M divorce settlement check
The ex-wife of an oil tycoon has deposited a divorce settlement check worth almost $1 billion after refusing to cash it earlier this week.
"Let's get the exact number: $974,790,317," ABC anchor Amy Robach said.
"And don't forget the 77 cents. You forgot that," anchor Robin Roberts said.
Back in November, an Oklahoma judge ordered Harold Hamm to pay Sue Ann Arnall $995.5 million, making this one of the largest divorce settlements in history.
At the time, NBC reported the judge ordered Hamm to pay Arnall $322.7 million by the end of 2014. The remaining amount would then be paid in monthly installments of $7 million.
It sounds like Hamm went above and beyond by writing that one check for almost the full amount.
Earlier this week, it was being reported Arnall was rejecting Hamm's massive check.
Hamm's attorney told The Oklahoman that Arnall was planning to appeal the divorce settlement decision "to pursue a larger share of the couple's assets." On Tuesday, the judge refused to change his decision on the settlement and Arnall asked the state Supreme Court to review the ruling.
But sometime between Tuesday and Thursday, Arnall had a change of heart. Hamm's attorney confirmed to CNBC that she has deposited the check.
On top of that, Arnall was also awarded $25 million in assets, which included three homes in Oklahoma and California.
Hamm is the chairman and CEO of Continental Resources, a drilling company located in Oklahoma. According to Forbes, his net worth currently stands at $8.3 billion.
He used to be substantially richer, though. In November, The New York Times reported his net worth was $18 billion.
The decrease is thought to be thanks to the drop in oil prices over the last several months.
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