- 14 Nov
According to a recent article from ABC News, billionaire energy mogul Harold Hamm is planning to appeal a court-ordered divorce settlement that requires him to give around $1 billion to his now ex-wife. The judge awarded her $995.4 billion in alimony from the couple’s 20-year-marriage.
She also plans to appeal this ruling on grounds that the settlement amounts to only around five percent of their estimated combined marital wealth of $18 billion. Hamm earned much of his money from being an early investor in shale oil.
The divorce judge’s spousal support order requires Hamm to pay his ex-wife $322 billion by the end of 2014, and make payments of $7 million per month until the balance has been paid. She was also awarded the couple’s marital home worth around $4.6 million, another home worth $800,000, and California estate worth over $17 million. The court calculated her total award to approximately $2 billion.