Michael Armand Hammer (September 8, 1955 – November 20, 2022) was a businessman from the United States. He was Julian Armand Hammer’s son and industrialist Armand Hammer’s grandson.
Best known for his ties to his late grandfather’s company, Occidental Petroleum, Hammer oversaw the Hammer International Foundation, the Armand Hammer Foundation, and owned numerous businesses including Hammer Galleries and Hammer Productions, a television and film production company based in Los Angeles, California.
Michael Hammer’s Net Worth
Michael Armand Hammer is one of the wealthiest and most popular businessmen in the world.
Michael Armand Hammer has an estimated net worth of $1.5 million.
Michael Armand Hammer was born on September 8, 1955, in Los Angeles. He was the only child of his father Late Julian Armand Hammer and his mother Glenna Sue.
Michael’s father worked in the oil industry, and his mother was a native of Texas.
His ancestors are Ukrainians who immigrated to the United States before the Soviet Union collapsed.
Michael is the only grandson of the late industrialist Late Armand Hammer, who died of bone marrow cancer at the age of 92. His grandmother was Russian actress Olga Von Root.
Hammer was raised in a wealthy family and received an excellent education. He attended the University of San Diego and earned a Bachelor of Business Administration degree in 1978.
In 1982, he joined New York University’s Stern School of Business. Ultimately earning a Master’s degree in Business Administration.
Married and Divorce
Michael married Dru Ann Mobley in a private ceremony on January 12, 1985. The couple exchanged vows in Tulsa’s first Methodist church. The couple met while attending the University of New York.
After a couple of years of dating, they eventually tied the knot in front of their families and friends.
Dru is a graduate of the University of Oklahoma and has served on numerous boards, including the non-profit organization Dream Center, where she taught Bible and discipleship-related programs.
Michael’s ex-wife is a devout Christian, and it is believed that Hammer converted from Judaism to Christianity because of her.
Frequently Asked Questions
What is the Net Worth of the Hammer Family?
As We All Know, the Hammer Family Has Been a Powerful Force in Business, Amassing a Sizable Fortune Over the Years. Armand’s Estimated Net Worth Was Around Usd $180 Million, According to Vanity Fair, and a Battle for Armand’s Estate Began.
Is Occidental Petroleum Still Owned by the Hammer Family?
While Armie’s Well May Have Run Dry Following the “Cannibal” Scandal That Landed Him in Rehab, the Hammer Family Continues to Live Large Thanks to Great-grandad Armand, Who Established Himself as a Billionaire Oil Tycoon With Occidental Petroleum in the 1950s and Ran Company From 1957 Until His Death.
How is the Hammer Company Doing?
As a result, the Brand Received a Lot of Love From Customers, and It Clocked a High Growth in Arr of Rs 30+ Crores Within Three Years of Launch. Furthermore, the Brand Has Grown Its Revenue Three Times Since Its Inception, With an Annual Growth of Rs 7.7 Cr for Fy22.