Final settlement: Ex-wife cashes oil magnate’s $975m alimony cheque

The ex-wife of a US oil billionaire has cashed one of the largest divorce awards in US history - a cheque for $975m, her ex-husband’s lawyer has revealed. Sue Ann Arnall’s deposit is expected to draw a line under her two-and-a-half year divorce battle with Harold Hamm, chief executive of oil driller Continental Resources. Ms Arnall’s legal team initially rejected her ex-husband’s handwritten cheque - for $974,790,317.77 - offered earlier this week.

We have been advised by Morgan Stanley that Ms. Arnall deposited the check this afternoon.

Michael Burrage, Harold Hamm’s lawyer

But Michael Burrage, Mr Hamm’s lawyer, said they received a call on Thursday from Morgan Stanley bank advising that Ms Arnall was depositing the cheque to finally end their 26-year mariage. The award will accrue interest of more than $93,000 per day, according to Reuters news agency. Ms Arnall, 58, said the settlement of nearly $1bn in cash and assets was not enough. Her legal team argued it allowed him to keep most of a fortune they valued as high as $18bn. The Oklahoma oil wildcatting magnate has already paid his former wife more than $20m during the divorce proceedings.