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Ex-wife of oil tycoon to receive $1 billion in divorce settlement

Oil tycoon Harold Hamm’s former wife Sue Ann Hamm will receive close to a $1 billion settlement from a divorce judgment, an article on Reuters stated November 10.

In a court ruling, the 68-year-old Continental Resources founder and CEO will shell out a total of $995.5 million to Sue Ann Hamm, 58. Harold will have to pay Sue a third of the money upfront and then monthly installments of $7 million to fulfill the bulk of the settlement. In Oklahoma each partner is entitled to an equal share of the “enhancement of wealth” during the duration of the couple’s marriage. When Harold and Sue got married in the late ’80s they did not establish a prenuptial agreement. The Hamm’s divorce is considered to be one of the biggest recorded divorce settlements.

In this difficult time, working with a experienced divorce lawyer is important to make sure you rights are advocated for and to handle legal concerns at every step throughout the process. Find out how the Colleyville lawyers of Alexander and Associates may work for you today by calling 817-756-4040.