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Tag: 1 billion

  • Sue Ann Hamm Not Satisfied With $1 Billion Divorce Settlement

    Sue Ann Hamm, the ex-wife of Oklahoma oil tycoon Harold Hamm, was awarded over $1 billion in cash and assets during their divorce trial last week. However, it seems Sue Ann is not happy with the ruling and will be appealing the judgment on the grounds that it “grossly undervalues” the money she is entitled to, especially after working in the company during her marriage with Hamm. The ruling allowed Hamm to keep an estimated 94 percent of the rise in his shares during their marriage.

    “Sue Ann is disappointed in the outcome of this case. She dedicated 25 years as Harold’s faithful partner in family and business,” said Sue Ann’s attorney Ron Barber. According to a court filing, Judge Howard Haralson ruled that Hamm should pay Sue Ann a total of $995.5 million dollars with about a third of the money to be paid for by the end of the year. She was also awarded additional assets including a ranch and a house, both located in Oklahoma. The assets are said to be worth millions.

    The divorce settlement that was reached on Monday, November 10, is considered as one of the biggest settlements in US history. Hamm is the CEO of Continental Resources, one of the largest oil companies in the United States. Hamm also owns 68% of Continental Resources’ stock, which is worth $13.5 billion.

    Sue Ann is a lawyer and economist who has worked in key positions at Continental Resources during their 26 years of marriage. According to court documents, Sue Ann also led the crude marketing department at one point.

    In a court filing from 2013, Sue Ann revealed that Harold was having an affair, which prompted her to file for divorce. The couple got married back in 1988 and they have two daughters together. It is worth noting that Harold and Sue Ann never signed a prenuptial agreement when they got married.

  • YouTube Now Serves a Billion+ Unique Users a Month

    YouTube has just announced a huge milestone, one that shows just how powerful the world of online video really is.

    The Google property and most popular video site on the internet has just hit a billion unique users every month.

    “In the last eight years you’ve come to YouTube to watch, share and fall in love with videos from all over the world. Tens of thousands of partners have created channels that have found and built businesses for passionate, engaged audiences,” says YouTube.

    “From the aspiring filmmaker in his basement and the next great pop musician, to the fans all around the world who tune in, subscribe and share their favorite videos with the planet, thank you for making YouTube what it is today. You have truly created something special.”

    The only other comparable network would be Facebook, which has over a billion monthly active users.

    When you think about a billion uniques in a month, the number itself is simply staggering. In just one month, about 10 Super Bowl-sized audiences watch at least one video on YouTube. If YouTube’s monthly unique audience were a country, it was be the third biggest country in the world (behind China and India).

    Almost half of all people on the internet watches a video on YouTube each month.

    Considering that there are about 6.9 billion people on Earth, 1 billion would represent about 14.5% of the entire world.

    And the mind-blowing comparisons could go on and on. The point is simply this: YouTube is hands down one of the most ubiquitous presences in our lives.

    In other YouTube-related billion view milestones, last December, viral smash “Gangnam Style” became the first video to ever break the 1 billion view milestone.

    [Image via jm3, Flickr]