Oklahoma’s oil billionaire Harold Hamm, currently in a divorce battle with his ex-wife, might just want to reconsider the terms of the separation. After a divorce trial ended November 10, Harold Hamm was ordered to gave his former wife, Sue Ann Arnall, $1 billion from their then massive oil empire centered on the stock of Continental Resources, the oil company Hamm founded. Problem is, since the divorce the price of oil has tumbled, as has Hamm’s fortune, now estimated to be a third of its former self since November alone, sitting near $10.6 billion according to one report. This past…
Harold Hamm's Fortune – And Divorce Settlement – Sink with the Price of Oil
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.