Continental Resources CEO’s ex-wife left with $1 billion divorce award

[TexasTowelie]

The ex-wife of Continental Resources Inc.’s Harold Hamm lost her bid to reopen a divorce case in which she was awarded only $1 billion of what she said was her former spouse’s much larger fortune.

Sue Ann Arnall, Hamm’s wife for 26 years, forfeited her right to appeal by cashing a check for the judgment in January, the Oklahoma Supreme Court said Tuesday. Arnall “voluntarily accepted the benefits of the judgment,” the court said in dismissing her appeal.

Judge Howard Haralson in November gave the bulk of the family’s assets and investments to the Continental founder, including his majority stake in the Oklahoma City-based company. Divorce attorneys expressed surprise that a billionaire’s wife hadn’t received a larger share of the family’s estate, having predicted she might get as much as 30 percent.

Arnall’s lawyers said she didn’t waive her right to appeal by cashing the check, but was protecting her interests in real estate awarded by the judge. Ron Barber, her attorney, didn’t immediately comment on the supreme court’s decision.

Read more: http://fuelfix.com/blog/2015/04/28/continental-ceos-ex-wife-left-with-1-billion-divorce-award/

[tammywammy]

1. While the dollar amount is large, she really deserved a larger percentage of the marital assets.

Marital assets should be split 50/50, and I think she was short changed.

[hifiguy]

2. Anybody that whines about getting a billion dollars

should be publicly mocked, shunned and shamed. How will she ever manage??

[AZ Progressive]

3. Seems that she has a hard time computing a billion dollars

$1 billion dollars = 1,000 stacks of $1 million dollars, or 10 bank accounts worth $100 million each, or the median household income ($54,000) times 18,518 ( or the equivalent median income for over 18,000 families)

[hifiguy]

4. Amazin' ain't it?

[Gormy Cuss]

5. Where did it say she was whining about getting a billion?

The text I read said that she was objecting to being shortchanged from the rest of the assets due to her.

[hifiguy]

6. It's a BILLION DOLLARS.

Tell the 99.9% she's getting "shortchanged."

[Gormy Cuss]

7. Out of a marital estate worth NINE billion at its lowest recent valuation.

Yes, it's rich people's problems but that doesn't change the fact that she was shortchanged.

[tammywammy]

8. It's the percentage

He was worth $14.8B, so she got 6% of the assets. Martial assets should be split 50/50. If the assets were only $100k, would $6k be a fair distribution? No, it wouldn't. Even though the dollar amount is very high, it still wasn't a fair distribution of the assets.