Energy tycoon ordered to pay ex-wife nearly $1B
Ponca City Now - November 11, 2014 6:04 am
OKLAHOMA CITY (AP) – A judge in Oklahoma is ordering the chairman and CEO of energy giant Continental Resources Inc. to pay his wife nearly $1 billion as part of a divorce settlement.
The judge’s order, released Monday, directs Harold Hamm to pay his ex-wife, Sue Ann Hamm, $995.4 million for "property division alimony."
Harold Hamm was directed to pay $322 million to Sue Ann Hamm by the end of the year, with minimum payments of $7 million each month starting in January to pay off the remaining balance.
The order states that marital assets awarded to Harold Hamm totaled more than $2 billion.
The couple has been married since 1988. Sue Ann Hamm filed for divorce in 2012.
The judge ordered transcripts in the divorce case to be sealed.