Michael Armand Hammer: Life, Career & Net Worth

Michael Armand Hammer

If you’re looking to learn more about one of the most famous business people, meet Michael Armand Hammer.

Born in the USA in 1922, Michael Armand Hammer is best known for his mining and industrial business work.

Michael Armand Hammer
Source: Instagram

Over the course of his long and successful career, Hammer has achieved a huge net worth making him one of the wealthiest people in the world.

In this blog post, we’ll take a look at everything you need to know about this iconic businessman. We’ll cover it all, from his early life and family to his education and business ventures!

So if you’re interested in learning more about one of the most outstanding entrepreneurs of our time, read on!

Full NameMichael Armand Hammer
Birth Date1955 September 8
Birth PlaceLos Angeles, California
ResidenceCalifornia, U.S.A.
EthnicityUkrainian, Jewish, Russian, and American
EducationMaster Degree in Business Administration
Father’s NameJulian Armand Hammer
Mother’s NameGlenna Sue
Grandfather’s NameArmand Hammer
SiblingsNo siblings
Age66  years old
Eye ColorGrey
Hair ColorBrown
Height6 Feet 6 inches
Weight240 pounds
Body typeFit
Marital StatusDivorced
Ex-WifeDru Ann Mobley
Children2 ( Armie Hammer, Viktor Hammer)
Graduated fromNew York University, University of San Diego
Beginning of Professional Career1982
Business AssociationsOccidental Petroleum, OnVANTAGE, etc.
Business OwnershipArmand Hammer Foundation, Hammer International Foundation

Who is Michael Armand Hammer?

Michael Armand Hammer is a well-known business figure who has made a significant impact in the world of business.

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He is the founder, chairman, and CEO of Occidental Petroleum Corporation, founded in 1960. 

Michael has been involved in many organizations throughout his career and is known for his work in the petroleum industry.

He is the only grandson of the industrialist and philanthropist Armand Hammer and has shown great business success.

Early Life and Family

Michael Armand Hammer was born on September 8, 1955, in Los Angeles, California, to Glenna Sue and Julian Armand Hammer.

As the grandson of industrialist Armand Hammer, Michael inherited a fortune and a multitude of businesses and foundations. He was left to look after all the businesses and foundations owned by his grandfather.

Michael began making substantial profits within two years of starting his business career and soon expanded into other ventures, including real estate and oil drilling operations.

Consequently, Hammer has been involved in various philanthropic ventures throughout his life, including contributions to health and social welfare organizations.

Michael Armand Hammer business
Source: Instagram

Michael Armand Hammer was determined to become a business person early. So, in 1978, he attended business schools to receive his education.

Initially, he attended the University of San Diego, where he graduated with a business administration degree.

Later, in 1982, he joined New York University to receive a master’s degree in business administration. From here, he embarked on a successful business career, founding Hammer & Company, a commodity trading company.

Michael is also the co-founder of Occidental Petroleum Corporation, one of the world’s largest petroleum companies. He is also currently a board member of the United Negro College Fund and the Los Angeles Philharmonic.

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Michael Armand Hammer’s Wife and Children

In 1985, Michael married Dru Ann Mobley in Tulsa. His wife was a Christian but after marrying her and living with her for 27 years, he turned into one too.

However, the marriage ended up turning sour unfortunately. From the marriage, Michael has two sons, Armie Hammer and Viktor Hammer.

Today, Armie is known as a Hollywood actor and Viktor is a businessman just like his father. 

Michael Armand Hammer Career

Michael Armand Hammer’s successful career is a testament to the business mind run down the Hammer family.

Starting from a young age, he was influenced by the successful career of his grandfather and pursued a business career himself.

This is why in the pursuit of a business career, Michael went to top academies and received an education in business.

Michael Armand Hammer net worth
Source: Instagram

Initially, Michael’s career in business started by serving in New York City securities & investment firms in varying positions.

Then, in 1985, he became vice president of the company with his talent and capabilities. 

However, in 1991, Michael bid his farewell to the company soon after the death of his grandfather.

Nevertheless, he has worked in OnVANTAGE and has been part of many other companies since then.

Additionally, Michael grabbed the position of CEO and chairman at Armand Hammer Foundation.

In brief, the foundation is a private establishment of his late grandfather, whom he founded in 1968. Michael is also the CEO of Armand’s

Michael Armand Hammer Race Car

Michael Armand Hammer has one of the rarest and most beautiful cars in his vintage car collection. Besides being a business hustle maven, he’s also very enthusiastic about cars.

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Michael mentioned that he has a collection of vintage cars that he loves to drive on alternate days in an interview.

He added that one of his favorite rides out of all his collections was a White Rolls Royce convertible built-in 1963. The company had only produced 27 cars, so these are rare and vintage. And now, the car is a proud addition to his vintage car collection.

One of the rarest beauties in his vintage collection is the 1927 Bentley. Michael bought the four half-liter Bentley Le Mans race car in 2003, and it has been in his collection ever since. 

Michael Armand Hammer’s Net Worth

It’s hard to say for certain what Michael Armand Hammer’s net worth is, as no updated information has been found in quite some time.

However, earlier in 1986, it was estimated that his net worth was around $200 million. 

So, if the earlier estimate is anywhere close to the truth, then Michael Armand Hammer holds a significant amount of wealth.

However, his exact net worth is still unknown. We know that he has substantial ties to some of the most influential organizations in the world, most notably Oral Roberts University, Armand Hammer Foundation, Hammer International Foundation, and Occidental Petroleum.

With his wealth and connections, it’s safe to say that he has millions of dollars at his disposal.

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