Sue Ann Arnall, the ex-wife of Oil tycoon and CEO of Continental Resources Harold Hamm, reportedly cashed a personal check for $US974.8 million, according to CNBC, citing “a source close to the call.”
This decision comes near the end of Hamm and Arnall’s high-profile divorce.
On Tuesday it was reported that Hamm offered to pay $US974.9 million to Arnall, but she rejected the handwritten check that was given to her legal team.
Arnall, a former Continental executive, contended that her award of about $US1 billion in cash and assets was inadequate and allowed her ex-husband to keep the majority of a fortune. Her lawyers valued it as high as $US18 billion, according to Reuters.
Harold Hamm had already paid his former wife more than $US20 million during the divorce proceedings. His appeal contended that the $US1 billion award was too steep.
Hamm has lost $US12 billion tied to the value of his 68% stake in Continental in recent months, which his legal team blames on the sharp fall in oil prices.
Arnall and Hamm were married for 26 years.
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