Energy giant CEO’s ex-wife to appeal $1B divorce
Ponca City Now - November 14, 2014 1:25 pm
OKLAHOMA CITY (AP) – The ex-wife of energy giant Continental Resources Inc. CEO Harold Hamm plans to appeal a judge’s ruling that awarded her nearly $1 billion in a divorce settlement.
An Oklahoma County judge awarded $995.4 million this week to Sue Ann Hamm, who was married to Harold Hamm for more than 20 years before filing for divorce in 2012.
Sue Ann Hamm’s attorney, Ron Barber, tells The Oklahoman newspaper (http://bit.ly/1zU8bkY ) that they’re appealing. Barber notes that the nearly $1 billion award amounts to less than 6 percent of the couple’s estimated wealth of $18 billion.
Harold Hamm has been directed to pay $322 million to his ex-wife by the end of the year, then minimum payments of $7 million each month starting in January.