Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 01, 2016

Trump Ally Hamm Adds $3 Billion in 3 Hours on OPEC Deal: Chart

Trump Ally Hamm Adds $3 Billion in 3 Hours on OPEC Deal: Chart

Source: Bloomberg Billionaires Index

(Bloomberg) -- Harold Hamm, the wealthiest energy billionaire in the U.S., became $3 billion richer Wednesday morning when shares of his Continental Resources Inc. rallied as high as $10.58 a share during morning trading in New York, a 22 percent increase. An agreement among the Organization of Petroleum Exporting Countries to cut output sent oil futures and shares of energy companies soaring across the board. Hamm, an energy adviser to President-elect Donald J. Trump, is the world's 66th richest person on the Bloomberg Billionaires Index with a net worth of $13.8 billion at the close of trading Tuesday.

To contact the reporters on this story: Brendan Coffey in Boston at bcoffey10@bloomberg.net, Jack Witzig in Princeton at jwitzig@bloomberg.net. To contact the editors responsible for this story: Robert LaFranco at rlafranco@bloomberg.net, Sophie Caronello

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com