| Category | Information |
|---|---|
| Net Worth | $17 billion |
| Salary | N/A |
| Birthdate | December 11, 1945 |
| Birthplace | Lexington, Oklahoma, United States |
| Gender | Male |
| Height | N/A |
| Profession | Oilman, Businessman |
| Nationality | American |
What is Harold Hamm’s Net Worth?
Harold Hamm is an American oilman and businessman who has accumulated a net worth of $17 billion. He has been recognized as one of the richest individuals in both Oklahoma and the United States. Hamm gained prominence for his expertise in extracting tight oil resources in the Western and Southwestern regions of the United States. He is the founder and chairman of Continental Resources, a renowned natural gas and petroleum company headquartered in Oklahoma City. Continental Resources specializes in directional drilling and hydraulic fracturing, revolutionizing the oil industry.
Highlights
– Harold Hamm, an American oilman and businessman, has a net worth of $17 billion.
– Hamm has been recognized as one of the wealthiest individuals in Oklahoma and the United States.
– He is the founder and chairman of Continental Resources, an Oklahoma-based natural gas and petroleum company.
– Continental Resources specializes in directional drilling and hydraulic fracturing.
– Hamm’s expertise lies in extracting tight oil resources in the Western and Southwestern United States.
Early Life
Harold Hamm was born on December 11, 1945, in Lexington, Oklahoma. He was the youngest child of Leland and Jane Hamm, who worked as cotton sharecroppers. Growing up in an agricultural family, Hamm developed a strong work ethic and determination to succeed.
Career
At the age of 21, Hamm founded the Shelly Dean Oil Company in 1967, naming it after his two daughters. The company later became Continental Resources in 1990. Under Hamm’s leadership, Continental Resources made groundbreaking discoveries, including North Dakota’s Cedar Hills Field, which is ranked among the largest onshore fields in the United States based on liquid-proved reserves. The company pioneered the use of directional drilling in developing the field.
In 2004, Continental Resources achieved a significant milestone by successfully drilling the first commercially viable well in the North Dakota portion of the Bakken Formation, utilizing horizontal drilling and hydraulic fracturing techniques. The company went public in 2007, with Hamm selling approximately $300 million worth of shares. Continually expanding its operations, Continental Resources spearheaded further advancements in drilling techniques and sold valuable assets, such as those in North Dakota, Montana, and the Arkoma Basin.
Continental Resources made a notable acquisition in 2021 when it purchased substantial leasehold and royalty acres in the Permian Basin from Pioneer Natural Resources for an estimated $3.25 billion.
Personal Life
Harold Hamm has been married twice. His first wife, Judith Ann, bore him three children before their divorce in 1987. In 1988, Hamm tied the knot with Sue Ann Arnall, a lawyer and economist who also held an executive position at Continental Resources. The couple separated in 2005 and finalized their divorce in 2014. Hamm is a lifelong resident of Oklahoma, residing in Oklahoma City and owning properties in Nichols Hills and Enid.
Net Worth Over Time
Harold Hamm’s net worth has experienced significant fluctuations throughout his career. As of the latest estimates, his net worth stands at $17 billion. However, it is important to note that net worth calculations are based on public sources and estimations, and actual figures may vary.
Components of Net Worth
Harold Hamm’s net worth primarily stems from his ownership stake in Continental Resources, the highly successful natural gas and petroleum company he founded. The company’s profitability and growth have contributed significantly to Hamm’s overall wealth. Additionally, investments and other business ventures may contribute to his net worth.
It is important to note that net worth consists of various assets, including but not limited to real estate, investments, business ownership, and liquid assets. Net worth is a measure of an individual’s financial standing and does not solely reflect their cash position.
Disclaimer: The information presented above is based on public sources and estimates. The accuracy of the information cannot be guaranteed.