Hamm $1 Billion Alimony Bill Looks Bigger as Oil Sinks
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Oklahoma oil billionaire Harold Hamm’s victory against his ex-wife in an alimony fight is looking more like a defeat as his net worth plunges.
While his ex-wife, Sue Ann Arnall, appeals her almost-$1 billion award as being too small, Hamm, 69, argues it’s now too much. He said his wealth has shrunk with the falling price of oil and the drop in shares of the company he founded, Continental Resources Inc. Since the divorce trial ended Nov. 10, oil hit a five-year low and Continental dropped 30 percent.