Harold Hamm Net Worth

Harold Glenn Hamm Net Worth

Real Name: Harold Glenn Hamm
Date of Birth: 12/11/1945
Place of Birth: Lexington, Oklahoma

2019 Net Worth: $9.3 Billion
2018 Earnings:

Profession: CEO of Continental Resources

Harold Hamm Biography

Harold Hamm was born in Lexington, Oklahoma, the 13th and youngest child of a cotton sharecropper. Hamm did finish high school, but that is the extent of his education.

Hamm has worked his way from pumping gas and working as an auto mechanic to becoming the CEO of his own multi-billion dollar company. Hamm also worked cleaning out tanks at an oil refinery. He founded his first business, Harold Hamm Tank Trucks in 1966. Hamm has been the CEO of Continental Resources since 1967. This company was originally called Shelly Dean Oil Company. Hamm pioneered the development of the Bakken Oil Field in North Dakota and Montana, using specialized drilling. It’s believed that Bakken will produce more than 50 billion barrels of oil in its lifetime.  Hamm has since been given honorary degrees from the University of Oklahoma and Northwestern Oklahoma State University.

Unfortunately, Hamm has lost about 50 percent of his net worth due to the massive decline in oil prices. In mid-2014, Hamm had a net worth of $18.7 billion. Now, due to the drop in the price of crude oil, his net worth is only $9.3 billion. It’s not known if this amount includes the money he needs to pay to his ex-wife, Sue Ann. Although she originally asked for half of his fortune since she spent more than 25 years with him, a federal judge awarded her just short of $1 billion, making this the second most expensive divorce settlement in history, second only to Rupert Murdoch’s divorce. Hamm was ordered to pay his ex-wife $300 million in cash before the end of 2014 and the remaining balance in monthly installments, including interest.

With a current net worth of $9.3 billion, Hamm could cut his net worth in half again, and still be a rich, rich man. Although oil prices have dropped, there is still a demand for it and his current oil wells will continue to produce massive amounts in the foreseeable future.

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