The rich are getting richer.
Earlier this year, Forbes released its annual list of the Forbes 400, which ranks the wealthiest Americans by net worth. The combined wealth of the 400 richest Americans rose 40% last year to $4.5 trillion. Almost everyone is richer than last year.
Today I am going to uncover the richest person in Oklahoma City, Oklahoma.
According to Forbes Magazine, six billionaires in the Forbes 400 call Oklahoma home. Nobody richer than Harold Glenn Hamm. His net worth exceeds $21.1 billion, making him the 28th richest person in the country.
Who is Harold Glenn Hamm?
Hamm is chairman of Continental Resources, the largest oil producer in North Dakota and Montana. Harold Glenn Hamm was born on December 11, 1945 in Lexington, Oklahoma. His father was a tenant with 13 children, so Harold Hamm had to work from an early age.
Hamm grew up on a farm.
Hamm remembers: “My father grew up under adverse circumstances. His father abandoned the family when he was a small child. My father only had a third school education, but he did the best he could. He was a good, godly, hardworking man best known for his generosity. We never had anything more because my father always found someone who was worse off than us. We generally always had someone live with us until they could walk again.”
The Hamm family grew crops, tended cattle and cultivated a vegetable garden. Hamm’s first memory was of barefoot picking tomatoes in the warm, red Oklahoma dirt.
His parents taught him the value of hard work.
“My parents taught us honesty and integrity and always told us to be proud of who we are. We have all grown up to be good, responsible citizens. We had a close family and we still do. My brother, sister and I recently attended a gathering of 160 family members. Of the 13 children in our immediate family, each of us had a representative there.”
By age 21, he had built up enough credit to borrow $1,000 to buy a tanker truck and start his own service business. He used this experience to find the Shelly Deal Oil Company.
He built one of the best oil producing companies in the world.
In 1967 he founded the Shelly Deal Oil Company and later renamed it Continental Resources. Under Hamm’s leadership, Continental Resources became the top 10 oil exploration company in the US Lower 48. Hamm was inducted into the Oklahoma Hall of Fame in 2011.
According to Bloomberg, “Continental Resources pumped more than 300,000 barrels of oil or the equivalent per day in 2020, with about two-thirds of that coming from its Bakken operations.”
He is a big supporter of the Republican Party.
In 2012, he was named Republican Mitt Romney’s presidential campaign energy adviser and donated $985,000 to the pro-Romney Super PAC Restore Our Future. In 2016, Donald Trump considered appointing him Secretary of Energy.
Bloomberg reported that Rocco Commisso could buy 6.01 million troy ounces of gold and 151 million barrels of crude oil.
If you had his money, what cause would you support?