Divorce is often messy, but they tend to be way more of a headache when money is involved. Oil baron, Harold Hamm is experiencing such a divorce right now with his ex-wife of over 20 years, Sue Ann Arnall. Hamm is the chief executive of oil driller Continental Resources and is worth $18 billion. In an attempt to settle with Arnall, Hamm recently wrote her a personal check for $974.8 million. Arnall rejected the offer.
The $974.8 million check was the full cash value of what Hamm owed Arnall in their divorce proceedings according to a ruling in November by an Oklahoma judge. Arnall appealed the ruling and felt that accepting the check from Hamm would hurt her chances. She feels as though the award of close to $1 billion is “inadequate” and that he shouldn’t get to keep the bulk of his $18 billion fortune.
Hamm has also appealed the ruling, claiming that the billion dollars is too great of an award. Allegedly due to falling oil prices, it is reported that he has lost billions tied to his 68% stake in Continental. He has also already paid his ex-wife over $20 million during the proceedings.
This battle between Hamm and Arnall is one of the biggest divorce cases in the history of the United States. Arnall is looking to prove that she was a contributing factor for her ex-husband’s success. She served as an executive at Continental for years alongside her husband. Hamm claims his stake in Continental, which he owned before he meeting Arnall, blew up due to market factors such as the rise in oil prices.