Harold Hamm Holds Onto Most of $16B Fortune in Divorce

Harold Hamm Holds Onto Most of $16B Fortune in Divorce

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Business, Social Studies

University

Hard

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Harold Hamm, an Oklahoma oil billionaire, is required to pay a significant divorce settlement to his wife. Despite this, Hamm retains most of his 68% share in Continental Resources, ensuring his financial stability. He stated that the divorce would not affect the company's control. However, his wife's lawyer is considering an appeal, speculating that she could receive billions more.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason Harold Hamm is content with the divorce ruling?

He doesn't have to pay anything.

He retains most of his wealth.

He gains more shares in the company.

He receives a tax break.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of shares does Harold Hamm retain in Continental Resources?

75%

68%

80%

50%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What assurance did Hamm give regarding the impact of the divorce on Continental Resources?

The company would be sold.

The company would face financial difficulties.

The divorce would not affect the company's control.

The company would merge with another.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the lawyer for Hamm's wife considering after the divorce ruling?

Filing for bankruptcy.

Appealing the decision.

Requesting a retrial.

Settling out of court.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What speculation exists regarding the potential outcome of the divorce settlement?

The company would be dissolved.

Hamm would lose all his shares.

Hamm would gain more wealth.

The settlement could involve billions.