Advertiser Disclosure

Executive Profile: Harold Hamm

Rated 105 on the list of the world’s richest people, Harold Hamm’s net worth is over $13.2 billion. Although Hamm’s wealth is impressive, his real story is even more amazing. The son of an Oklahoma sharecropper, Hamm was the youngest of 13 living in a one bedroom house with no electricity or running water. At the age of 17, he left home, finished high school and went to work.

From Pumping Gas to Drilling Oil

His first job at a gas station in Enid, OK exposed the hard-working teen to the oil industry. With no funds for school, Hamm’s desire to learn about the business kept him motivated. His knowledge of the industry grew as he cleaned tanks, pumped gas and asked questions. He studied maps and talked to geologists. He soaked up conversations with contractors, field workers and engineers.

After two years Hamm purchased a fluid-hauler and started his first business, Harold Hamm Tank Truck Service. Within a short time Hamm’s speculation on a promising map site took him to northern Oklahoma and his first wildcat well. He kept drilling and sinking money into the oil patch experiencing some success. Three years later his drilling company earned over $1.5 million.

From Millionaire to Billionaire

Want free money?

  • Aspiration: Want to get spotted a $150 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

Success did not stop Harold Hamm’s quest for more knowledge. He went to college, studied geology and gained interest in the production of crude oil. His site shifted to western North Dakota and the Bakken Shale. New drilling techniques, cutting-edge technology and his positive philosophy helped uncover one of the country’s most promising oil discoveries.

Over 2 decades later the chairman and chief executive officer of Continental Resources Inc, Harold Hamm, spreads his good fortune with the citizens of North Dakota. Locals talk about the unassuming billionaire flying in on his corporate jet, checking the fields in his pickup truck and eating at a local diner. Employees share stories about the CEO hosting company picnics at his home.

Character and Class

Hamm’s story of self-made fortune is unusual in many ways. He remained true to himself. No obstacles were too big, no excuses got in his way”he didn’t give up. He used whatever resources he could to reach his goals. Plus, he was willing to get his hands dirty and work as hard as any of his employees.
Hamm is not interested in glory and fame. He is interested in his money making a difference in the world. Along with his wife Sue Ann, Hamm donated over $10 million funding the Harold Hamm Oklahoma Diabetes Center. They also committed to sharing more of their personal fortune by joining other wealthy Americans in signing the Giving Pledge.

Oil tycoon and self-made billionaire Harold Hamm has never forgotten where he came from. He’s modeled his expectations through his work ethic and positive attitude. Hamm’s generosity and humility have earned a prize greater than money. He’s earned respect and admiration.

Want free money?

  • Robinhood is a free investing app for your phone. I really mean free all around – free to join and they don’t charge any fees to buy or sell the stock. You can get a share of stock like Apple, Ford, or Sprint for free when you join through this link. The value of the free share may be anywhere between $2.50 and $500 and fluctuates based on market movements. You’ve got nothing to lose.
Brian Meiggs
Brian Meiggs
Brian is the chief editor of Finance Write and is a personal finance expert who has spent the last few years writing about how Millennials can make smarter money moves. He has been quoted in several online publications, including Yahoo! Finance, NASDAQ, MSN Money, AOL, Discover Bank, GOBankingRates, Student Loan Hero, Fit Small Business, Cheapism, SmartAsset, Bankrate, RISE Credit, AllBusiness, Cheddar, Commonbond, Niche, Rewire, Credit Donkey, Debt.com, and more. He uses the free Personal Capital app to manage his cash flow and net worth.

Compare Personal Finance Options for 2021

What is Your Financial Goal?
ImageDescriptionGo
aspirationThis Company Will Give You $150 for Opening a Free Account
  • Boost your savings and earn up to 1.00% APY interest on your savings
  • Get up to 10% cash back on your purchases
  • Get $150 bonus when you spend your first $1,000 with your new Aspiration Plus Card
Learn More
personal capitalThe Smart and Free Way to Manage Your Money
  • Take control of your finances with the perfect union of technology and highly personalized service
  • Get access to free online financial tools, including retirement planner, investment checkup, net worth calculator and more
  • Digital-first wealth management advisor with 24,000 clients in 50 states
Learn More
personal capitalGet Up $500 in Free Stock for Joining
  • Commission-free stock, ETF and options trades
  • Get a free stock worth up $500 when joining (must complete application)
  • Simple, easy to use investor platform with no account minimums
Learn More
personal capitalThe First and Only Interest Earning Crypto Account
  • Receive up to $250 Bitcoin bonus when you make qualifying deposits over the first 30 days
  • Receive up to 8.6% annually on your crypto
  • Join the most trusted financial services for crypto investors on the market
Learn More
sofiAll-In-One Investing That's Easy to Use
  • Invest in stocks, ETFs, crypto, or automated investing in all one app
  • No commissions for stocks and ETFs
  • Complimentary access to SoFi Financial Planners
Learn More
blooom401K and IRA Management
  • Start your free 401k and IRA management now
  • Find and reduce hidden fees
  • Improve your diversification
Learn More
citEnjoy the Benefits of a CIT Bank Money Market Account
  • A CIT Bank Money Market Account helps you get more from your savings with interest rates for maximum growth
  • Earn over 7x the national average with high-interest rates
  • It now pays to open a money market account with CIT Bank
Learn More

You might also like