Michael Armand Hammer Net Worth: How Rich was Armie’s Father?

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Michael Armand Hammer was an American businessman. He is best known for his ties to his late grandfather’s company, Occidental Petroleum. Michael also had many businesses, including a television and film production company, Hammer Productions. Hammer died at the age of 67 on Sunday, November 20, after a long and difficult battle with cancer. Michael Armand Hammer’s fortune at the time of his death is about 1.5 million dollars.

full name	Michael Armand Hammer
Birthday	September 8, 1955
Place of birth	Los Angeles
profession	Businessman
woman	Dr. Ann Mobley
net worth	1.5 million dollars
dead	November 20, 2022

Early life and family

Michael Armand Hammer was born in September 1955 in Los Angeles. He was born to Glenna Sue and Julian Armand Hammer. His father is known as a hot hammer scion who murdered a man over a gambling debt in the 1950s.

Also, his father, Julian, sexually abused his daughter, Casey. It is known that Michael’s mother is a native of Texas. He grew up with his sister, Casey, and half-sister, Jan Ward. For his studies he joined the University of San Diego.

Hammer graduated with an MBA in 1978. He later attended Columbia University and graduated from the School of Business with an MBA in 1982.

Michael Armand Hammer Net Worth and Career

Early in his career, he worked for the New York securities firm Kidder, Peabody & Co. He worked in various positions while serving at a securities and investment company. In 1982 he started working for his grandfather’s company, Occidental Petroleum. Before that, he worked in various positions in the company’s various facilities such as Texas, London, Oklahoma and Oman. He eventually moved to corporate headquarters in Los Angeles in 1985.

Michael became the vice president of corporate headquarters after moving there. Shortly after, he became a member of the executive committee and the board of directors. Michael later served on the board and executive committee until he left the company in 1991. After ending his association with Occidental Petroleum, he began serving at several companies including OnVANTAGE, Inc.

Personal life

Michael Armand Hammer was married to Drew Ann Mobley. He exchanged wedding vows with his ex-wife, Mobley on January 12, 1985, in Tulsa. After marrying Mobley, he became a Christian. He was also a benefactor of several Christian organizations dedicated to evangelism. Michael ended his 27-year marriage with his wife in 2012.

Hammer and his ex-wife had two children, Armie and Victor Hammer. His eldest son, Armi is an actor, and his youngest son, Victor, is a businessman. Michael battled cancer for a long time. The 67-year-old businessman sadly passed away after a long battle with cancer on Sunday, November 20.

Michael’s youngest son Armie, now a struggling addict, was at the center of several scandals at the time of his father’s passing. According to the report, Michael cut ties with his son Armi and as a result he was seen selling timeshares at a resort in July 2022.

A close source said that Armi worked at the resort because he needed money. Michael didn’t help him anymore. Armi was also embroiled in controversy after a woman claimed that the actor had violently raped her. Because of this, he was questioned at the LAPD Investigation Center.

Michael also reportedly lived a checkered life and reportedly ran a sex dungeon at the Carpinteria-based Armand Hammer Foundation. He was also embroiled in the major New York art fraud scandals. The late businessman reportedly had a twisted libido and the mindset of an adolescent boy.