After a protracted fight with cancer, Michael Armand Hammer, a businessman and the father of Armie Hammer, passed away on Sunday. He was 67.
Hammer was well-known for his work with Occidental Petroleum Corporation, the late oil tycoon Armand Hammer’s business. Additionally, he was in charge of the Armand Hammer Foundation, the Hammer International Foundation, the Hammer Galleries, and the Hammer Productions.
He held various positions with the New York-based investment banking company Kidder, Peabody & Co. before joining Occidental Petroleum in 1982.
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Hammer is the son of Glenna Sue Ervin and Julian Armand Hammer. He was born in Los Angeles, California, on September 8, 1955.
He received his undergraduate degree from the University of San Diego in 1978, and in 1982, the Columbia University Graduate School of Business awarded him an MBA.
Actor Armie Hammer, 36, and businessman Viktor Hammer, 34, are the two children Hammer and his ex-wife Dru Ann Mobley had together. From 1985 through 2012, he and Mobley were wed for 27 years.
Michael’s sister Casey Hammer revealed to Vanity Fair in 2021 that only $250,000 of their father Julian’s $40 million fortune was passed down to Julian.
Most of the inheritance, which included two foundations and two art galleries, went to Michael.
When hedge fund manager Pierre Lagrange sued Knoedler Gallery and its former director, Ann Freedman, for selling him a bogus Jackson Pollock artwork for $17 million in 2011, the gallery was one of Hammer’s art enterprises that he had acquired.
These allegations, which first came to light in 2009, allegedly involved a $70 million forgery network selling fake artworks since 1994.
Although Hammer was not explicitly charged with wrongdoing with the fraud ring, testimony in court indicated that he had been using the gallery’s funds for his purposes, including two expensive cars and a trip to Paris.
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The Discovery+ docuseries “House of Hammer,” which focused on the Hammer family, exposed various controversies throughout the family’s history.
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