Thursday, June 27, 2013

The Largest Divorce Settlement in American History

Reuters looks into the divorce of Harold Hamm, the Oklahoman who owns "more oil in the ground than any other American."  Hamm has an $11 billion dollar fortune and did not ask his wife (of 25 years) to sign a prenup when they married:

Oklahoma attorneys familiar with the case say a settlement could cost him about $3 billion or more.

That's 60 percent higher than the largest reported divorce settlement - News Corp chairman Rupert Murdoch's $1.7 billion pay-out to ex-wife Anna in 1999. Murdoch has filed for divorce from his current wife, Wendi Deng, a spokesman said Thursday, confirming a report by Deadline Hollywood. The media mogul has a prenup, said a person familiar with the matter, but its terms aren't disclosed.

A multi-billion-dollar settlement would vault Sue Ann Hamm, 56, into the ranks of the 20 wealthiest women in America - worth more than Oprah Winfrey, the entertainment mogul whose fortune was estimated by Forbes at $2.8 billion this year.

Steve Clowney

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