623-748-4890
Lincoln & Wenk, PLLC
View Blog Navigation

Wife, husband disagree over $1 billion divorce settlement

High asset divorces don't get much more "high asset" than this. An oil tycoon named Harold Hamm -- whose personal net worth is estimated at $19 billion -- went through a divorce with his wife a few months back, and in November of last year a judge ordered that Hamm had to pay his ex-wife nearly $1 billion. Actually, it was $974,790,317.77 to be exact. How do we know the exact figure?

Because in our source article, you can see an astonishing picture of the check Hamm wrote his wife to pay his part of the settlement. It is believed this divorce settlement is one of the largest in U.S. history, if not the largest.

However, there's a twist in this tale. If you can believe it, Hamm's ex-wife actually rejected the check because she is challenging the judge's ruling on the amount she is owed under equitable distribution laws. And there's another twist still: Hamm countered his ex-wife's challenge by arguing that the nearly $1 billion he was giving her was too much.

We couldn't make this stuff up. Just yesterday, this strange divorce seemed to reach it's end, as the judge in the case rejected a change in the divorce agreement.

Remember that Arizona is a community property state, which is very different from equitable distribution. Regardless of the laws a state observes in the case of divorce, there can be intricate elements and unique circumstances that make the case a bit more complex than it may seem.

Source: Huffington Post, "Oil Tycoon Harold Hamm's Ex-Wife Rejects $975 Million Divorce Check," Cavan Sieczkowski, Jan. 7, 2015

No Comments

Leave a comment
Comment Information
  • Super Lawyers
  • 2015 ARAG | Elite Service Provider
  • AV | Peer Review Rated for Ethical Standards & Legal Ability | Preeminent | Martindale-Hubbell from LexisNexis
  • American Association for Justice | Formerly the Association of Trial Lawyers of America (ATLA)
  • Arizona Association of Family Law Attorneys - AZAFLA
  • Lincoln & Wenk, PLLC BBB Business Review
  • Association of Top 100 2019 | American Trial Lawyers
  • American Academy Of Trial Attorneys | AATA | Premier 100 | 2015
  • Family Law | Top 10 | Attorney And Practice Magazine's | 2018 | Attorney
  • Top Valley Lawyers 2017 | North Valley Magazine
  • American Institute of Family Law Attorneys | 10 Best 2017-2018
  • Veteran Owned Business - A Registered Vetrepreneur on Buyveteran.com - 2014
  • Avvo Top Attorney
  • Avvo Client's Choice
Email Us For A Response

Need legal help from an attorney?
Contact us now to schedule a consultation with our lawyers

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Goodyear Office:
1616 North Litchfield Road
Suite 140
Goodyear, AZ 85395

Phone: 623-748-4890
Fax: 623-536-1984
Goodyear Law Office Map

Peoria Office:
14050 N. 83rd Avenue
Suite 290
Peoria, AZ 85381

Phone: 623-748-4890
Fax: 623-536-1984
Peoria Law Office Map

Phoenix - Desert Ridge Office:
20830 N. Tatum Blvd
Suite 210
Phoenix, AZ 85050

Phone: 623-748-4890
Fax: 623-536-1984
Phoenix Law Office Map