Oklahoma oil billionaire Harold Hamm’s ex-wife says her almost-$1 billion divorce award isn’t enough, and that the judge is to blame.
Sue Ann Arnall appealed an Oklahoma court’s divorce decree, arguing the quarter century she spent with Hamm as he built a shale-oil fortune entitles her to more than the $972 million she was awarded by a judge, who she claimed made unsupported rulings in the 10-week divorce trial.
Divorce attorneys expressed surprise after the ruling that a billionaire’s spouse didn’t get as much as 30 percent of the couple’s assets when the marriage was dissolved last month. A stake that size could’ve been worth as much as $5.1 billion, said Seymour J. Reisman, a New York divorce specialist.
Instead, the ex-wife of the Continental Resources chairman got much less, and none of Hamm’s 68 percent ownership of the company. Hamm, 68, is worth $10.7 billion, according to the Bloomberg Billionaires Index.
“As Sue Ann has stated previously, 6 percent is not a fair proportion of the wealth the couple accumulated during their marriage,” Ron Barber, her lawyer, said today in an e-mail.
The court ruling was a victory for Hamm, who was allowed to retain control of the company in part because witnesses testified he was the driving force behind Continental, with one calling him the “captain of the ship.”