Ex-Wife Of Billionaire Oilman Cashes $974.8 Million Check, Thinks It Should Be The First Of Several Installments

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Oklahoma fracking billionaire Harold Hamm’s ex-wife cashed a check he sent her to cover the almost $1 billion awarded as alimony in their divorce, his lawyer said. State Court Judge Howard Haralson in Oklahoma City ordered Hamm, CEO of Continental Resources Inc. (CLR), on Nov. 10 to pay $972 million of his then-estimated $16.1 billion oil industry fortune to Sue Ann Arnall, his wife of 26 years. Arnall had appealed the award as too small. Hamm also appealed. Arnall’s cashing of the check, which includes interest since the ruling, doesn’t necessarily mean the case is settled, Michael Burrage, Hamm’s lawyer, said today in a phone interview. [Bloomberg]

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