Monday, November 17, 2014

Oklahoma - $1 billion divorce settlement 'disappointing'

For those who have to pay support be thankful you are not this guy. Would anyone turn down 1% of this settlement? This case is unbelievable - give it a read.

CNN Money
Sometimes a billion dollars just isn't enough.

Sue Ann Hamm, the former wife of oil billionaire Harold Hamm, plans on appealing an Oklahoma court ruling earlier this week which awarded her nearly $1 billion in the couples' divorce.

Mrs. Hamm, 58, contends the award is not fair. The couple were married for 26 years, have two children and had no prenuptial agreement. As of August, Mr. Hamm was worth over $20 billion, according to Wealth-X.

"Sue Ann is disappointed in the outcome of this case," said her lawyer Ron Barber. "She dedicated 25 years as Harold's faithful partner in family and business."

As part of the settlement, Mrs. Hamm will be paid a third of the $995.5 million by the end of the year. Her ex-husband is on a payment plan for the remaining $650 million, which he will pay in installments of at least $7 million per month.

Mrs. Hamm, a lawyer and economist, held executive positions at Mr. Hamm's oil company, Continental Resources (CLR).

Full Story: CNN Money

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