⬅ # 100 David Tepper|# 102 Idan Ofer

# 101 Harold Hamm 

$19.4B

Real Time Net Worth
as of 4/11/2024
-$72.2M (-0.37%)

# 101 Harold Hamm 

$19.4B

Real Time Net Worth
as of 4/11/2024
-$72.2M (-0.37%)
OccupationChair and CEO, Continental Resources
Source of WealthOil & Gas
Age78
ResidenceOklahoma City, Oklahoma
Marital StatusDivorced
Children5
EducationDiploma, High School
Age-Adjusted Net Worth$5.74B
Harold Hamm
Harold Hamm
United States
Net worth: $19.4B

Self-Made Score 

Wealth History

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Biography

Early Life

Harold Glenn Hamm was born on December 11, 1945 in Lexington, Oklahoma
13th and youngest child of cotton sharecroppers, Jane Elizabeth and Leland Albert Hamm
Childhood involved picking cotton barefoot and working at a gas station from age 16

Career

Founded Shelly Dean Oil Company in 1967, later becoming Continental Resources
Pioneered Bakken oil field development in North Dakota using horizontal drilling and hydraulic fracturing
Continental Resources went public in 2007, producing 400,000 barrels' worth of oil and gas per day
Led a $27 billion deal to take Continental private in 2022

Political Involvement

Served as energy advisor to Mitt Romney's presidential campaign in 2012
Donated $985,000 to pro-Romney super PAC Restore Our Future
Part of the conservative donor network of the Koch brothers
Considered for the position of energy secretary by Donald Trump in 2016
Critiqued Saudi Arabia's attempt to flood the crude market in 2016

Involvement in Education

Received honorary degrees from multiple universities
Contributed to the establishment of the Harold Hamm Diabetes Center
Donated $10 million to create the Harold Hamm School of Geology and Geological Engineering
Announced a $12 million gift to establish the Hamm School of Engineering at the University of Mary

Personal Life

Married Judith Ann and had three children; divorced in 1987
Married Sue Ann Arnall in 1988, with whom he had two children
Separated from Sue Ann in 2005; divorce proceedings led to a notable financial settlement
Resides in Oklahoma City, Oklahoma, and owns homes in Enid and Nichols Hills

How long would it take you to become as rich as Harold Hamm?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Harold Hamm's net worth of $19.4B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.63% compared to 10.38% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Harold Hamm is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Harold Hamm, Oil & Gas is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey