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Lack Of Prenuptial Agreement May Cost Oil Tycoon $5 Billion

Upon divorcing his wife Sue Ann, Harold Hamm, owner of oil giant Continental Resources, may lose almost half of his $11.3 billion fortune, as well as control of the company, according to Reuters. If no prenuptial agreement exists, Hamm may be left with just over $6 billion. Forbes’ Magazine, which included Hamm on their 2013 World Billionaire’s List, stated that the Hamm divorce may be the most expensive in the history of divorce law.

A former executive of the company, Mrs. Hamm has accused her husband of infidelity. In May of 2012, she petitioned for a divorce; however, Reuters has provided insight that the marriage has been experiencing problems for at least 10 years. This petition is not the first. In 2005, she filed for divorce but the case was dropped. Despite the claim having been dropped, it may play into their current divorce situation in terms of how assets, specifically Hamm’s company, will be distributed.

According to Mr. Hamm, the two have been separated since 2005. Mrs. Hamm’s attorneys, however, claim that the two still reside together, care for the children, and attend functions.

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