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Due to a complicated arrangement the entire collection and building was essentially owned by UCLA. The foundation subsequently gifted the collection to the Armand Hammer Museum of Art and Cultural Center in Los Angeles, which was housed in a building attached to Occidental Petroleum's corporate headquarters.ĭuring his lifetime, Armand apparently spent $100 million acquiring art to his collection.
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Armand's estate bequeathed the art collection to the Armand Hammer Foundation. The most valuable asset of Armand's estate was his art collection, which was worth hundreds of millions of dollars. According to a book about Armand's life (one of dozens written), there was only around $40 million worth of cash left in Armand's estate. The estate soon became embroiled in over 100 lawsuits. Not long after his grandfather Armand died, Michael moved his family – Armie was around 7 at the time, to the Cayman Islands where he founded a Christian Academy.
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Dru Ann and her father Douglas Mobey steered Micahel towards evangelical Christianity. At the time she was working as a personal fitness instructor, he was an executive at Occidental. Michael and Dru Ann met on an airplane in 1985. Armie's parents initially disowned him after he quit school, but he has said that they later became supportive of his career. Hammer studied at Faulkner's Academy and Grace Christian Academy (which was founded by his father) in the Cayman Islands as well as Los Angeles Baptist High School, but he dropped out during his junior year to focus on his acting career (however, he did take courses at UCLA and Pasadena City College at his parents' behest). They stayed for five years before moving back to Los Angeles. The family (which also includes Armie's younger brother, Viktor) briefly lived in Dallas, Texas, then moved to the Cayman Islands when Armie was 7 years old. His mother, Dru Ann, worked as a loan officer at a bank, and his father, Michael, is the owner of Armand Hammer Productions, Knoedler Publishing, and several other businesses. Early LifeĪrmie Hammer was born Armand Douglas Hammer on August 28, 1986, in Santa Monica, California. If true, it would be one of the most-shocking falls from grace in Hollywood history. A career that allowed him to earn millions of dollars per major film role and achieve a net worth that easily topped $10 million at one point. It's hard to understand how Armie could actually be "broke" after the career he enjoyed for over a decade in Hollywood.
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Hammer apparently has also worked as an apartment complex manager in the Caymans, which is where he spent much of his childhood and where his wife and children moved in the wake of his controversies which we discuss in greater detail later in this article. The reality is he's totally broke, and is trying to fill the days and earn money to support his family." " He is working at the resort and selling timeshares. At first the reports we denied by the hotel staff but within a few days the reports seemed to be re-confirmed, with an anonymous source telling Variety: In July 2022 reports surfaced that Armie Hammer was working as a concierge/time share salesperson at a resort in the Cayman Islands.