Tuesday, 6 January 2015

Oil Tycoon Harold Hamm Sent Ex-wife This $974.8m Check for their Divorce — and She Rejected It





Not everyone gets to see a check for $975 million with their name on it. Harold Hamm, chief executive of oil driller Continental Resources, who is embroiled in a bitter divorce with ex-wife Sue Ann Arnall, offered to pay his former wife $974.8 million, but she rejected the hand-written check delivered to her legal team. And the news is trending right now.

Sue rejected the check because she wants to appeal and ask for $18billion. After her ex-husband had
already paid her more than $20 million during the divorce proceedings.

Hamm is somewhat of a legend in the oil business, having built Continental Resources (CLR) from the ground up and led the development of North Dakota's Bakken oil field. But Arnall, an economist and a lawyer who held executive positions in the company, has said she is entitled to more. That her award of around $1 billion in cash and assets was inadequate and allowed Hamm to keep the lion's share of a fortune her lawyers valued as high as $18 billion.

She filed for an appeal, claiming that the fortune her husband owns was due to both her work and his.

The couple was married for 26 years, have two children and had no prenuptial agreement.

Do you think she's crazy, guys? Would you turn down a check like this?

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