Billionaire's ex-wife receives $1bn divorce cheque

A Billion Dollars

Oklahoma fracking billionaire Harold Hamm’s ex-wife cashed a cheque he sent her to cover the almost $1bn awarded as alimony in their divorce, his lawyer said.

Bloomberg News reports that State Court Judge Howard Haralson in Oklahoma City ordered Hamm, CEO of Continental Resources, on November 10 to pay $972m of his then-estimated $16.1bn oil industry fortune to Sue Ann Arnall, his wife of 26 years. Arnall had appealed the award as too small. Hamm also appealed.

Arnall’s cashing of the check, which includes interest since the ruling, doesn’t necessarily mean the case is settled, Michael Burrage, Hamm’s lawyer, said in a phone interview.

To access the complete Bloomberg News article hit the link below:

Continental CEO Ex-Wife Cashes $1 Billion Check, Lawyer Says

Deutsche Bank Woos Tokyo Minnows as Abe Spurs Warrant Spurt

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News