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Continental Resources' Harold Hamm loses $10B from oil shock

Dec. 01, 2014 12:56 PM ETContinental Resources, Inc. (CLR) StockCLRBy: Carl Surran, SA News Editor5 Comments
  • It's been a bad three months or so for Continental Resources (CLR -3.5%) CEO and founder Harold Hamm, whose personal fortune has been cut in half thanks to a 51% drop in the price of CLR shares - including a 30% drop in the past week alone - and a relatively favorable ruling to pay his ex-wife nearly $1B in a divorce judgment.
  • Since the end of August, Hamm has seen the value of his shares in the company fall from $20B in late August to slightly more than $10B on Friday.
  • Hamm is hardly a pauper, of course, even though he's down to his last $8B-$10B.

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