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CEO Ordered to Pay Ex-Wife $1 Billion

CHUNK OF CHANGE

One-third by end of the year.

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Fernando Leon/Getty Images for TIME

The CEO of Continental Resources was ordered to cough up nearly $1 billion in a divorce settlement by an Oklahoma County judge on Monday. Oil magnate Harold Hamm will give a total of $995.5 million to Sue Ann Hamm after a two-month divorce trial finished last month. A third of the settlement must be paid by the end of the year, and the rest will come in $7 million-per-month installments. Harold is worth around $17 billion.

Read it at Reuters

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