A judge ruled that she would receive $1 billion but Sue rejected the settlement appealing a greater sum. [24], Hamm was named "CEO of the Year" by Platts Global Energy Awards in 2013, the same year they named Continental "Energy Company of the Year. However, he has not uttered paramount intel with reference to his siblings. Jackson Alexander White has sole voting and dispositive power with respect to the 1,888 shares of Common Stock he owns directly. It was the success I needed to get me started. In his or her capacity as co-trustee of the 2015 Some guys wondered, "What was this young guy doing?" He is known for extracting shale oil resources. Cunningham Trust II and the Trustee of the Revocable Inter Vivos Trust of Harold G. Hamm, under which the 2015 Deana Ann Cunningham Trust II has pledged its shares of Common Stock as collateral for an existing note that was previously used to Fracking pioneer Harold Hamm founded and chairs Continental Resources, one of the nation's biggest independent oil companies. I came to understand what having a passion meant one day when I attended an assembly in high school. as trustee of the Harold Thomas Hamm Succession Trust. Hamm Lerum Trust I each received 5,507,764 shares of Common Stock. [5][6], In 1967, he founded Shelly Dean Oil Company,[7] which would later become Continental Resources. The 2015 Hilary Hamm Trust I and 2015 Jane Concordia. Events. Harold Thomas Hamm has executed the First Amendment, dated as of February7, 2022, to the Security Agreement, dated July1, 2020, by and between the Trustees of the 2015 Harold Thomas Hamm Trust II and the Trustee of the Revocable Inter In the 1990s he had the vision to use horizontal drilling and hydraulic fracturing in North Dakota's Bakken region, transforming the US oil industry. by Melissa Mercer Howell | October 5, 2020. They can help you see things from a different perspective because they have likely been in your shoes before or they know someone who has. It is worth noting that the Nichols Hill mansion is no longer Mr. Hamm's but, along with a$800,000 home in Enid, Oklahoma, the property of Miss Arnall. But let's work back a bit. Harold Thomas Hamm has sole voting and dispositive power with respect to 84,387 shares of Common Stock in his capacity received 36,590,936 shares of Common Stock. Harold Hamm net worth has been growing and increasing over the years. The Week In Energy: Bullish Signals For Oil, But Not For Natural Gas. Furthermore, Jane is blissfully hitched to her good-looking husband called Thomas Lerum. And while Mr. Hamm, who was previously married and has three children from that union, is no fan of the spotlight, he has not exactly shunned it over the past few years. contracts relating to the Common Stock that are required to be described hereunder. Roger Clement has sole That aforementioned $9billion fortune of Mr. Hamm's was in fact a $20billion fortune as recently as August, with the oil baron forced to watch over half his worth slip away due to a drop in the price of crude oil. It's best I didn't know it then. We are no longer accepting comments on this article. My reason for mentioning these men is their generosity. Pursuant to the Shareholders Agreement, the Hamm Family Members I am grateful that they purposefully worked to instill in their children this work ethic and desire to give back, and I credit that effort in bringing me to where I am now in my career. The daughter of oil and gas entrepreneur Harold Hamm and philanthropist Sue Ann Arnall, Lerum, while accustomed to being in the public eye, carries herself with disarming grace and humility. My family moved to Enid, Oklahoma, in 1962, when I was a junior in high school. Back then, I knew a little bit about what I didn't know. Then they faced Napoli. Roger Clement shares voting and dispositive power with Shelly Glenn Lambertz, as co-trustee, to direct the voting and disposition of the 5,380,561 shares of Common Stock held by the 2015 Shelly Glenn Lambertz Trust I and the 36,874,687 shares of Common Stock held by the 2015 Shelly Glenn Miss Arnall and Mr. Hamm also have a second daughter, Hilary, who attends Dartmouth College. Shelly Glenn Lambertz is Executive Vice President, Chief Culture and Administrative Officer The couple has one child together. 2023 Forbes Media LLC. Growing up in rural Oklahoma, Mr. Hamm went to work in the oil fields as a teenager and established Continental Resources in 1967 at the age of 21. And that put me into the mode of learning. The company was renamed Continental Resources twenty-three years later in 1990. He is (i)trustee of the Harold Thomas Hamm Succession Trust and (ii)co-trustee and primary beneficiary of the 2015 Harold Thomas Hamm Trust I and 2015 Harold Thomas Hamm Trust II. Power of Attorney for Jackson Alexander White regarding filings under Sections 13 and 16(a) of the Securities Exchange Act of 1934, as amended. I next wrote a thesis in high school about petroleum and discovered I wanted to become an explorationist. A copy Where do you go from here? Harold Hamm passed away in Helena, Montana. The source of his wealth and richness is mainly from the company he founded, Continental Resources. Follow story Receive email updates when there are changes to this story. My concept was strictly amateur at the time, but it was a good idea. The UK's supply crisis puts extra pressure on Prime Minister Boris. Hamm 2005 Irrevocable Trust and co-trustee of the 2015 Shelly Glenn Lambertz Trust I, 2015 Shelly Glenn Lambertz Trust II, 2015 Deana Ann Cunningham Trust I, 2015 Deana Ann Cunningham Trust II, 2015 Harold Each of the Reporting Persons has executed the Dividend Agreement, a copy of which is attached hereto as Exhibit Born one of 13 children to a sharecropper, Mr. Hamm worked his way up, picking cotton as a child, pumping gas and fixing cars by the time he was 20 and eventually saving up enough money to drill his first well. Ms.Hamms beneficial ownership. Mr.Hamms beneficial ownership. It is believed to be correct at the time of inputting and is presented here in good faith. Source and Amount of Funds or Other Consideration. I sought out mentors in the industry to teach me. [14], At the 2016 Republican National Convention, Hamm criticized the Obama administration's energy policies,[15] claiming that President Barack Obama was "burdening oil companies with greater regulations" so that gasoline prices would spike. Hamm Harold C. Hamm Jr., 76. Shelly Glenn Lambertz beneficially owns 42,414,776 shares of Common Stock, or 11.6% of the outstanding shares of Common Stock, which amount Harold Hamm Daughter | Son He is a proud father of five children named Shelly Lambertz, Deana, Hilary, Jane, and Tom. He is currently divorced. The oil people there were different--charismatic, bigger than life. [20], In 2007, Hamm was named the Ernst & Young "Entrepreneur of the Year",[21] and in 2009, he was named "Energy Advocate of the Year" by the International Energy Policy Conference. Hamm Children - Tom, Shelly, Deana, Hilary & Jane Harold has 5 children from his two marriages, a son and four daughters.Tom Hamm is the only son of Harold Hamm. I grew up on a farm in Lexington, Oklahoma, a rural community south of Norman. Earlier, Harold was married to his first wife named Judith Ann. She is (i)trustee of the Deana Ann Cunningham I started working in the oilfield upon graduating high school. [5] Sue Ann is an economist and lawyer,[32] and has been an executive at Continental Resources. Claim this Obituary. [8] The company pioneered the development of the Bakken oil field in North Dakota and Montana using horizontally drilled wells and hydraulic fracturing. I wouldn't have known how to deal with it. [13], In January 2016, Hamm claimed that Saudi Arabia was unsuccessfully attempting to "flood the crude market at a time of oversupply". There shouldn't be any limits. From 1999 to 2005, Ms. Lambertz was the Executive Director of the YWCA in Enid, OK. Harold G. Hamm. He is the youngest of 13 children. A 2021 report on North Americas cosmetic surgery and procedure market suggests that the market will witness a growth trend at a compound annual growth rate (CAGR) of 6.34% between 2021-2028. Harolds mother, Jane helped out at home by taking care of the children and raising them. $2.5 billion, according to our most recent tally. The two posed on the red carpet together, smiling for the cameras with their arms around one another, looking happy and excited. He built a grassroots startup into an NYSE-traded, Top 10 oil producer in the U.S. Lower 48. Stock, and the 2015 Harold Thomas Hamm Trust II received 36,695,905 shares of Common Stock. She is (i)co-trustee and primary beneficiary of the 2015 Hilary Hamm Trust I and 2015 Hilary Hamm Trust II and (ii)sole beneficiary of the Hilary Hamm 2005 Irrevocable Trust. I am drawn to work on criminal justice reform because I have seen firsthand the negative effects these issues can have on families, and I believe that through working to alleviate them I can help people and improve our community. I was curious about this, so I started looking at well logs all across the area. 4 min read Continental Resources, which reported a quarterly profit of $1 billion earlier this month from its oil and gas production, officially became privately held. The Harold Hamm Diabetes Center at the University of Oklahoma was named after him. The couple had two children together before divorcing in 2004. The couple had a total of 13 children and Harold was their youngest child. Jane Elizabeth Hamm Lerum is a self-employed business owner. The couple exchanged their wedding vows in San Diego, California, at the Grand Del Mar resort and hotel on October 4, 2015. Over the next several years, it became a dream that I strove to make come true. Oil wildcatter Harold Hamm to step aside at company he founded 52 years ago The Oklahoma native once famously wrote his ex-wife a check for nearly $1 billion to settle their divorce. This aggregate amount represents approximately 58.4% of the total shares of the Issuers common stock currently outstanding. Succession Trust and (ii)co-trustee and primary beneficiary of the2015 Deana Ann Cunningham Trust I and 2015 Deana Ann Cunningham Trust II. On the other hand, Jane assisted out at home by taking care of the children and raising them. is attached hereto as Exhibit 4C. Since Tom Brady and Aaron Rodgers also make enough to help pay down the national debt, they're like McVay: They aren't going anywhere from the NFL. But you don't just start off in this business with a home run. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section18 of Should you have information that conflicts with anything shown please make us aware by email. Defending Australian Open champion Rafael Nadal has been bundled out of Australian Open 2023, the 22-time Grand Slam winner labouring with a left hip injury in a straight-sets loss to Mackenzie McDonald on Wednesday at Rod Laver Arena. In fact, for my first few years, I didn't find much of anything. [16], In the 2016 United States presidential election, Republican candidate Donald Trump considered appointing Hamm as energy secretary. Harold Hamm founded Continental Resources in 1967 and is Chairman of the Board of Directors. Common Stock. spouse. includes (i) 2,300 shares of Common Stock, indirectly beneficially owned by Ms.Lambertz through Ms.Lambertzs spouse and (ii) 1,888 shares of Common Stock held in a custodial account managed by Ms.Lambertz as custodian for Harold was previously married to Sue Ann Arnall. Furthermore, Harold owns homes in Nichols Hills and Enid which both are in Oklahoma. The U.S. last week said it would allow supermajor Chevron to restart some operations in Venezuela, more than three years after Donald Trump . During the trial it was argued that Continentals growth stemmed mostly from passive factors, such as rising oil prices, and, under Oklahoma law, only the 'active' portion of wealth accrued during marriage in previously acquired assets is subject to division. Hamm has two daughters from this relationship. but a few people put some money with me and took an interest. He invited friends to be introduced to the couple. How good is that! dated as of February7, 2022 (the Shareholders Agreement), a copy of which is attached hereto as Exhibit 3. 01:03 GMT 07 Dec 2014 A copy is attached hereto as Exhibit 4A. Please read Item 3 for an explanation of the Transaction (as defined in Item 3), which resulted in Continental Resources, Inc., an Oklahoma corporation (the Issuer). [19], On February 1, 2022, the Harold Hamm Foundation and Continental Resources announced a $12 million gift to the University of Mary in Bismarck, North Dakota, to establish the Hamm School of Engineering and endow a "Continental Resources | Monsignor James Shea Chair of Engineering" at the private, Catholic university. Prior to their divorce, the two ushered in three children. On the other hand, Hilary and Jane were born in their fathers second marriage. Harold Glenn Hamm is an American oil and gas tycoon who is best known for owning the Continental Resources and leading the development of the Bakken formations shale oilresources. [5] Several media outlets reported that up to half of Hamm's estimated $20 billion fortune could be transferred to his wife, which would become a world record for most money transferred in a divorce. ClassRepresented by Amount in Row (11). Harold became a billionaire when Continental Resources grew into a major oil producer. He had a lump of clay that he was slapping like a baby, making great things out of it. no familial relationship to Harold G. Hamm. The Very Thought of You (1998)as Director. . Mr.Whites beneficial ownership. The Harold Thomas Hamm Succession Trust received 84,387 shares of Common Stock. explanation of the beneficial ownership of the Trusts. As of February 4, 2022, Hamm's net worth is estimated to be US$49.3 billion, making him the 63rd wealthiest person in the world. Hamm married his third wife, Hilary, in 2005. in a custodial account, which Ms.Lambertz manages as custodian for Zachary Richard Lambertz. (Yes, we've been fracking for a very long time.) Wife, Net Worth, Married, Parents, Relationship. He is known for extracting shale oil resources. and a director of the Issuer. Please read Item 3 for an explanation of the Transaction (as defined in Item 3), which resulted in Ms.Lerum . received 83,658 shares of Common Stock. Resides in Oklahoma City, OK Metropolitan Area. Most people are more than happy to invest their time and share valuable lessons with you if you show the initiative and the desire to learn. custodian for Zachary Richard Lambertz. Hamm is a major philanthropist, donating millions of dollars to education, health care, and other causes. Please read Item 3 for an explanation of the Transaction (as defined in Item 3), which resulted in But his love for Zola, his wife, companion, and playmate, was his greatest and deepest joy for the past 20 years. Outstanding Shares), which represents the 365,580,875 shares of Common Stock outstanding as of October25, 2021, as reported in the Issuers most recent Quarterly Report on Form Hilary Honor Hamm beneficially owns 42,328,937 shares of Common Stock, or 11.6% of the outstanding shares of Common Stock. His first wife was Sue Ann Arnall, whom he divorced in 1987. The percentages used herein are calculated based on the Outstanding Shares. Hamm and his 5 children together own more than 80% of the company. The Shelly Glenn Lambertz Succession Trust and Deana Ann Cunningham Succession Trust each Roger Clement shares voting and dispositive power with Deana Ann Cunningham, as co-trustee, to direct He eventually started his own trucking company hauling water to and from oilfields, then in 1971 took out a loan to drill his first well. He is also a major philanthropist, donating millions of dollars to education, health care, and other causes. number or term of directors; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuers business or corporate structure; (g) Changes in the Issuers charter, bylaws or instruments corresponding thereto or Also, his older brother Marvin Hamm (born on 18 August 1940), died on 9 December 2008 in Lexington. acquire membership interests in HHF. Other than as described elsewhere in this Schedule 13D, the Reporting Persons do not have any understandings, arrangements, relationships or He is a man of average stature. Is it time Harry & Meghan accept Clarkson's apology and move on? July1, 2020, by and between the Trustees of the 2015 Shelly Glenn Lambertz Trust II and the Trustee of the Revocable Inter Vivos Trust of Harold G. Hamm, under which the 2015 Shelly Glenn Lambertz Trust II has pledged its shares of Common shares of Common Stock beneficially owned in her capacity as trustee of the Shelly Glenn Lambertz Succession Trust, (ii)the 71,682 shares of Common Stock she owns directly, which includes (A) 3,038 shares of restricted Common Stock which vest of the Revocable Inter Vivos Trust of Harold G. Hamm, under which the 2015 Hilary Honor Hamm Trust II has pledged its shares of Common Stock as collateral for an existing note that was previously used to acquire membership interests in HHF. Reflects change since 5 pm ET of prior trading day. They were then blessed with two children. [18] To create the center, the Harold and Sue Ann Hamm Foundation donated $10 million. [8] Hamm is a member of the Global Leadership Council at the Offutt School of Business of Concordia College, Moorhead. Those who Whew, that's more than I can think about. Error retrieving headline. The presenter was John Frank of Frankoma Pottery in Sapulpa, Oklahoma. Harold married Myrtle S Hamm. He is a proud father of five children named Shelly Lambertz, Deana, Hilary, Jane, and Tom. The American entrepreneur and businessman Harold Hamm has an estimated net worth of somewhere around $20 billion as of 2022. First Amendment, dated as of February7, 2022, to the Security Agreement, dated July1, 2020, by and between the Trustees of the 2015 Jane Hamm Lerum Trust II and the Trustee of the Revocable Inter Vivos Trust of Harold G. It all began with my dream of becoming an oilman. In his or her capacity as if a Member of a Group, Check if Disclosure of He was born in Lexington, Oklahoma, the United States to his loving father Leland Albert Hamm, and his caring mother Jane Elizabeth. Please read Item 3 for an explanation of the Transaction (as defined in Item 3), which resulted in Reuters Miss Arnall, who worked as a lawyer for Continental when she and Mr. Hamm married, and went on to take a series of executive roles at the company, also claims that Judge Haralson undervalued her own contributions to the couples wealth. Early life and education. Any aspirations for the future? First Amendment, dated as of February7, 2022, to the Security Agreement, dated July1, 2020, by and between the Trustees of the 2015 Shelly Glenn Lambertz Trust II and the Trustee of the Revocable Inter Vivos Trust of Having been working as a businessman with experience exceeding more than five decades now, he has managed to garner good affluence in his career thus far. 2. [27], In 2016, he received the Horatio Alger Award. They were willing to show a hungry young man about the industry, to teach me what they'd spent so many years learning. After their wedding, the two honeymooned in Playa del Carmen, Mexico, at Rosewood Mayakoba resort, a pricey and private resort. the Securities Exchange Act of 1934, as amended (Act), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). But you don't just start off in this business with a home run. Shelly Glenn Lambertz has sole voting and dispositive power with respect to 157,228 shares of Common Stock, including (i)the 83,658 Both Leland and Jane were cotton sharecroppers. [30], Hamm's first wife was Judith Ann; they had three children. Attorney with respect to the filing of this Schedule 13D and any amendment thereto, copies of which are attached hereto as Exhibits5A-5G. Hamm has been a major player in the development of the Bakken formation, which has made North Dakota one of the leading oil-producing states in the country. is a daughter of Harold G. Hamm. 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