Harold Hamm, the prolific oil and gas tycoon, has contributed significantly towards shaping the American oil industry, bringing prosperity to his native Oklahoma, and influencing national energy policies. However, beyond these widely known facts, there lies a richer narrative about Harold Hamm and his family. Here, we delve into ten interesting revelations you probably didn’t know about Harold Hamm & family.

1. Harold Hamm started as a gas attendant

Before shaping up as one of the leading tycoon, Hamm had humble beginnings. He was one of 13 children born to sharecroppers in Lexington, Oklahoma, and began working at the age of 16 as a gas station attendant. This initial experience set the foundation for his deep understanding of the oil and gas industry that he later transformed.

As an attendant, Hamm studied the ropes of the business and the technicalities involved in petrol distribution. This on-the-ground experience ignited his passion for the industry and gave him the motivation to build what we now know as Continental Resources.

2. He revolutionized modern fracking

Harold Hamm has been pivotal in revolutionizing modern hydraulic fracturing, commonly known as fracking. His company, Continental Resources, introduced innovative methods in the technique of horizontal drilling and hydraulic fracturing, which substantially enhanced oil extraction processes.

This groundbreaking approach has allowed access to oil and gas deposits that were previously thought to be untapped, thus, making Continental Resources one of the leading producers in the Bakken formation.

3. Harold Hamm’s divorce settlement was record-breaking

In 2014, Hamm’s divorce from his second wife, Sue Ann Arnall, made headlines for its unprecedented and landmark settlement. The divorce verdict ordered Hamm to pay Arnall a hefty sum of $1 billion, making it one of the most expensive divorce cases in history.

Despite the eye-watering settlement, the case attracted lawsuits and countersuits between the former couple for years over the final settlement, showing the complexity and layers involved beyond the financial resolution.

4. The Hamm family is philanthropic

The Hamm family has made considerable contributions to various charitable causes. Hamm established the Harold and Sue Ann Hamm Foundation which supports education, diabetes research, and community services in Oklahoma.

Through their philanthropic endeavors, the Hamm family has significantly impacted numerous lives, funding vital research projects and supporting education to foster academic excellence and equal opportunities.

5. Hamm runs a diabetes center

Diagnosed with diabetes himself, Hamm has taken his personal health struggle to a broader canvas. He established the Harold Hamm Diabetes Center at the University of Oklahoma, aimed at advancing research, patient care, and prevention of diabetes.

The center provides widespread education about the disease, making significant efforts to control the diabetes epidemic nationwide and offering world-class care to those afflicted by the condition.

6. Hamm has influence in American politics

Harold Hamm is not just about oil and energy companies. He holds influence in American politics with his well-known support for former President Donald Trump. He served as an energy adviser to Trump during his campaign and administration.

Hamm’s ties with the Republican Party and his vocal pro-energy independence stance have ensured that he holds a potent voice in national energy policies and the broader political milieu.

7. He handled the COVID-19 oil crisis with determination

During the unprecedented oil crisis in 2020 caused by the COVID-19 pandemic, Hamm proved his leadership abilities. Unlike some peers who panicked, he was among the few who handled the situation with calm and determination.

Under Hamm’s guidance, Continental Resources adjusted its production strategy, by deferring a portion of its output to ensure the survival and stability of the business during these challenging times.

8. Hamm’s children work in the energy sector

In the Hamm family, the apple didn’t fall far from the tree. Most of Harold Hamm’s children have adopted their father’s passion for the oil and gas industry. His daughter, Jane Hamm Leroy, currently serves on the Board of Directors at Continental Resources.

His son, Tom L. Hamm, has also held various roles in the company, demonstrating the family’s continued commitment and devotion to the energy sector and its prosperous future.

9. Hamm’s is one of the wealthiest people in Oklahoma

With his unsurpassed mark on the American oil industry, Harold Hamm has amassed a fortune that places him among the wealthiest people in his home state of Oklahoma. Despite market turbulence and personal setbacks, Hamm maintained his resilience and business acumen, consistently growing his assets.

This self-made billionaire’s journey from a small-town gas station attendant to a prominent business figure is a testimony to his strategic vision and relentless hard work.

10. Hamm actively supports veterans

Another noteworthy contribution of the Hamm family is their active support for veterans. Hamm, a long-time supporter of veteran affairs, provides backing for programs and initiatives that support the wellbeing and transition processes of former military servicemen and women.

His efforts to further the cause reflect in Continental Resources’ commitment to hire veterans, understanding their unique potential, and contributing to their integration into civilian careers.

To dig deeper and explore more about this self-made billionaire and industry giant, check out these useful links:

Forbes – Harold Hamm Profile
Harold & Sue Ann Hamm Foundation
Harold Hamm Diabetes Center