Harold Hamm Net Worth, Biography and Career

Harold Hamm Net Worth $4 Billion

Harold G. Hamm is an American entrepreneur and investor in the oil and gas business. He is recognized for extracting shale oil resources, and for being the chairman of Continental Resources, a successful company that he founded in 1967. Mr. Hamm is also the chairman of the company’s board of directors.

He was raised in rural Oklahoma where he worked in the oil fields as a teen and founded Continental Resources in the year 1967 when he was only 21 years old. He built a grassroots startup into a New York Stock Exchange-traded, Top 10 oil producer in the United States.

As a leader of one of America’s top E&P companies and a voice for America’s oil and natural gas industry, he has helped to make the nation energy independent. More details follow below.

Early Life: Childhood, Education

He was born Harold Glenn Hamm on December 11, 1945, in Lexington, Oklahoma, United States, as the 13th and youngest child of Leland Albert Hamm and Jane Elizabeth who were both cotton sharecroppers.

Professional Life: Entrepreneurial Career

In 1967, Harold Hamm founded Shelly Dean Oil Company, which went on to later become Continental Resources. His company pioneered the expansion of the Bakken oil field in Montana and North Dakota using hydraulic fracturing and horizontally drilled wells.

When Continental Resources became a major oil producer, Mr. Hamm became a billionaire. His company is the fourth-largest public company in the state of Oklahoma.

Mr. Hamm is the chairman of the Domestic Energy Producers Alliance, a company that he co-founded with the aim of preserving the billions of dollars and millions of jobs in economic activity and tax revenues raised by onshore drilling and production activities in the United States.

Through his work with DEPA, Hamm is recognized as the person who led the motion to lift America’s 40-year-old ban on United States crude oil exports.

His industry leadership also includes serving as a present board member and past chairman of the Oklahoma Independent Petroleum Association, as past president of the National Stripper Well Association, and as a founding board member of the Oklahoma Energy Resources Board.

He also served as the chairman of Save Domestic Oil Inc., a company he founded, which successfully brought a trade case against 4 countries trying to put oil and gas producers in the US out of business. Chairman Hamm is also recognized for being a national leader in promoting energy industry advocacy, health, and education.

He has devoted much time, resources, and effort to championing a secure and healthy future for all Americans. With the goal of finding a remedy for diabetes, he has donated more than 65 million dollars to date to the Harold Hamm Diabetes Center at the University of Oklahoma.

The Harold Hamm Diabetes Center is leading the charge of diabetes research, and inspiring progress toward a cure, effective prevention strategies, optimal care for those living with diabetes, and the education of healthcare professionals and families.

To further spark the minds of the brightest scientists in the world, this brilliant entrepreneur introduced a $250,000 biennial award recognizing the scientific achievements of an outstanding researcher, group of researchers, or research institution, called “the Harold Hamm International Prize for Biomedical Research in Diabetes”.

Mr. Hamm is strongly committed to preparing the next generation of industry leaders. In 2012, he contributed to the establishment of the University of North Dakota’s Harold Hamm School of Geology and Geological Engineering. He has funded numerous education initiatives across the nation as well, including college scholarships, school capital campaigns, and classroom technology.

Achievements: Awards & Honors

Chairman Hamm has received many awards and recognition for his contributions to business, philanthropy, and other fields. He was honored with a Lifetime Achievement Award by Platts Global Energy Awards for his legacy of leadership, innovation, and dedication to bringing America to energy independence.

The same Platts Global Energy Awards also awarded him chief executive officer of the Year and named Continental Resources as the Energy Company of the Year at the same time.

This learned business leader was honored with the Chief Roughneck Award by United States Steel Tubular Products and was one of the thirteen corporate and civic leaders across the United States to be recognized with a Horatio Alger Award for his leadership and triumph over adversity to accomplish success in his remarkable career.

A true inspiration in the oil and gas industry in the United States and beyond, Hamm’s efforts got him featured as the Executive of the Year by Oil and Gas Investor magazine for Continental Resources’ leadership in the Bakken, STACK, and SCOOP plays and his assiduous efforts to lift the ban on United States crude oil exports.

In 2015, he was named Wildcatter of the Year by the Western Energy Alliance in recognition of his contributions to America’s energy security. Time magazine once listed him among the 100 Most Influential People in the World for the thousands of jobs he created in the oil industry and also for his continuous support of education and diabetes research.

Harold is an inductee of the Oklahoma Hall of Fame. He has been named the Ernst & Young Entrepreneur of the Year and the International Energy Policy Conference’s Energy Advocate of the Year.

Harold Hamm Net Worth: Salary, Income Sources, Assets

As of this writing, we can confirm that Harold Hamm has a net worth of over 4 billion dollars. He is a successful American oilman and businessman who has built his fortune as a key player in Hiland Partners and Hiland Holdings, in addition to his involvement in oil and gas exploration in the United States through his company Continental Resources.

A self-made billionaire, Mr. Hamm has at various times been named the wealthiest person in Oklahoma. He is also one of the wealthiest men in the United States where all of his business holdings are located. Hamm owns 76 percent of the oil and gas-producing company Continental Resources, which he founded.

He also owned over 62 percent of Hiland Partners before selling the company to Kinder Morgan for more than $1.2 billion in 2015.