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Getbig Main Boards => Gossip & Opinions => Topic started by: Lexus II on November 10, 2014, 06:58:46 PM
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Oil tycoon to pay $1 billion divorce settlement
By Jillian Eugenios @jillianeugenios November 10, 2014: 5:59 PM ET
Oil baron Harold Hamm was ordered to pay nearly $1 billion in a divorce settlement, court filings revealed Monday.
Hamm's ex-wife, Sue Ann 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. The couple were married for 26 years.
The judge presiding over the case, Special Judge Howard Haralson, placed a lien on 20 million shares of Hamm's company, Continental Resources (CLR). Filings show that grounds of the divorce were "mutually irreconcilable incompatibility." Judge Haralson declined to comment on the case.
As CNNMoney previously reported, it was thought that the Hamm divorce could be the most expensive ever, since Hamm, 68, is worth an estimated $20.2 billion, according to research firm Wealth X.
Though the settlement didn't reach the $4 billion to $8 billion settlement some estimated, serious cash and assets were on the negotiation table.
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Sue Ann got $25 million in assets, including:
The family home, located in Nichols Hill, Okla., valued at $4,675,000
A ranch in Carmel Valley, Calif., valued at $17.5 million
A home in Enid, Okla., valued at $800,000, which the couple bought in 1989, a year after they were married
Harold was awarded $2 billion in assets, much of it related to the business. His assets also include:
A home in Branson, Mo., valued at $750,000
The Continental Tower North, valued at $4.3 million
A log cabin worth $300,000
Two horses from the California ranch, Star and Uno, valued at about $400,000
In the last minutes of the trial, Harold requested family pictures, books, guns, hand tools and a geode in quartz display from the family home. His ex-wife agreed, except for the geode, which she reportedly kept.
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The Hamms were married in 1988. In the early years of their marriage, Sue Ann would accompany Harold when he was asked to speak, according to court filings, and help him with his public speaking.
In the mid-1990s, Sue Ann was assigned to head Continental's crude oil marketing department.
The pair have two grown daughters, and the filings said the trusts for them will not be affected.
Court documents also included details about other assets, including an airplane hangar and airplane, as well as shares in companies, funds and other properties.
Lawyers for both parties did not immediately return calls requesting comment.
http://money.cnn.com/2014/11/10/luxury/harold-hamm-divorce/ (http://money.cnn.com/2014/11/10/luxury/harold-hamm-divorce/)
She wouldn't even let him keep the geode in quartz display. At least he got to keep some books and hand tools. :-\
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No pussy is worth $1 billion... NO pussy.
Marriage... ::)
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Can getting married make a man a millionaire?
Yes, but only if he starts out a billionaire.
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This reminds me of the Goodrum and Queen Vissy separation.
It was rumored that Goodrum paid Queen Vissy 700 bitcoins after their separation.
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This may sound like a lot, but to him it's nothing. The guy is worth 18 billion, she's actually getting majorly screwed. She was an attorney for the company, in her role she was responsible for many of those land deals.
She wasn't a stay at home woman.
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This may sound like a lot, but to him it's nothing. The guy is worth 18 billion, she's actually getting majorly screwed. She was an attorney for the company, in her role she was responsible for many of those land deals.
She wasn't a stay at home woman.
No dude you don't get it!!! Women do nothing but spend a man's money!!! No pussy is worth 1 billion!!!
*is lonely, masturbates*
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No dude you don't get it!!! Women do nothing but spend a man's money!!! No pussy is worth 1 billion!!!
*is lonely, masturbates*
Sure thing
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This reminds me of the Goodrum and Queen Vissy separation.
It was rumored that Goodrum paid Queen Vissy 700 bitcoins after their separation.
;D
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HALF!
Damn, she only got one twentieth of his net worth....
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Can getting married make a man a millionaire?
Yes, but only if he starts out a billionaire.
QUOTE OF THE CENTURY
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This may sound like a lot, but to him it's nothing. The guy is worth 18 billion, she's actually getting majorly screwed. She was an attorney for the company, in her role she was responsible for many of those land deals.
She wasn't a stay at home woman.
Its not like half of net wealth is that unfair.
What fucks the average dude over, is the fucking lawyers, alimony etc.
Its all the other shit that really fucks shit up.
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Could have been much much worse. This is considered a victory for him. Divorce only seems to wreck the guys that don't have real money. The guys living beyond their means.
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This may sound like a lot, but to him it's nothing. The guy is worth 18 billion, she's actually getting majorly screwed. She was an attorney for the company, in her role she was responsible for many of those land deals.
She wasn't a stay at home woman.
In a good marriage the wife is your partner, and NOT just some sex toy/bimbo.
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and that, Gentlemen, is the most Expensive divorce in the Modern World......
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In a good marriage the wife is your partner, and NOT just some sex toy/bimbo.
After reading this I'll have to change my life radically. FU, Howard!
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In a good marriage the wife is your partner, and NOT just some sex toy/bimbo.
Really though marriage at this point is pretty much a business partnership.
That being said if a partner sits around the house pissing away the money on shit, and cries like a little bitch when budgets are introduced.
Maybe that partner should be held accountable.
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;D
:D :D
Which doesn't seem like a lot, considering the huge net profit of caliber fitness :D
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;)
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In a good marriage the wife is your partner, and NOT just some sex toy/bimbo.
X2
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This may sound like a lot, but to him it's nothing. The guy is worth 18 billion, she's actually getting majorly screwed. She was an attorney for the company, in her role she was responsible for many of those land deals.
She wasn't a stay at home woman.
Is that 18 Billion on paper or actually assets? Doesn't Bill Gates gain and lose a few Billion on paper every week?
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Is that 18 Billion on paper or actually assets? Doesn't Bill Gates gain and lose a few Billion on paper every week?
Does it matter? The guy is worth a lot more than say 2 billion, which would have been half. She definitely got shafted.
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After reading this I'll have to change my life radically. FU, Howard!
Ok, so how will this make you "radically" change your life? Just curious.
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No dude you don't get it!!! Women do nothing but spend a man's money!!! No pussy is worth 1 billion!!!
*is lonely, masturbates*
My current wife makes more then me.
In fact, every ex-wife had their own career and $$.
I'd never marry a woman who didn't.
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Does it matter? The guy is worth a lot more than say 2 billion, which would have been half. She definitely got shafted.
That's the thing. Maybe he isn't worth anywhere near 18 Billion. Trump claims he's worth 4 Billion and many have claimed that he's not even a billionaire. That he be lucky to be worth 500 million.
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Fuckin bitch, he should do what happened to head of monaco property empire
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:)
That's the thing. Maybe he isn't worth anywhere near 18 Billion. Trump claims he's worth 4 Billion and many have claimed that he's not even a billionaire. That he be lucky to be worth 500 million.
its not rocket science the guy still owns 68% of the company. Look at the share value and do a little math you quickly see
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My current wife makes more then me.
In fact, every ex-wife had their own career and $$.
I'd never marry a woman who didn't.
How's that been working out for you?
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:)
its not rocket science the guy still owns 68% of the company. Look at the share value and do a little math you quickly see
oh no shit. Didn't know that...
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Pics:
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My current wife makes more then me.
In fact, every ex-wife had their own career and $$.
I'd never marry a woman who didn't.
Yeah my original post was intended to mock the men who actually feel that way, but I suspect it may have been a bit too subtle :'( I'm fully with you, why would I want some jobless woman to leach off of me? Plenty of beautiful, well-earning women out there.
Hell, I've been getting some financial support from my girlfriend while I've been going back to school full-time....sugar mamas are the best ;D
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Bitch probably deserved more for putting up with this fat fuck.
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This may sound like a lot, but to him it's nothing. The guy is worth 18 billion, she's actually getting majorly screwed. She was an attorney for the company, in her role she was responsible for many of those land deals.
She wasn't a stay at home woman.
if your worth 1M, go thru a divorce and only lose 50k id say thats a minor miracle. :D
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:)
its not rocket science the guy still owns 68% of the company. Look at the share value and do a little math you quickly see
Correct.
http://data.cnbc.com/quotes/CLR/tab/8 (http://data.cnbc.com/quotes/CLR/tab/8)
Name Shares Held Position Value
Percentage of
Total Holdings
since 11/15/14
% Owned
of Shares
Outstanding Turnover
Rating
Hamm (Harold G) 253.0M $16,816,540,209 +66% 68.0%
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Prenuptial Agreement, don't ever let any bitch take your money.
Don't fucking get married retards.
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This reminds me of the Goodrum and Queen Vissy separation.
It was rumored that Goodrum paid Queen Vissy 700 bitcoins after their separation.
hahahahaha post of the week