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Armand Hammer

From the Archives: Armand Hammer Dies; Billionaire, Art Patron

From the Archives: Armand Hammer Dies; Billionaire, Art Patron

Armand Hammer, the financial entrepreneur whose extraordinary career spanned seven decades and half a dozen different businesses and whose avocation as a collector of art added to an already controversial life, died Monday at his home in Westwood.

Hammer, 92, died following a brief illness, said a spokesman for Occidental Petroleum Corp.

Although he had designated a successor, Hammer remained chairman and chief executive of Los Angeles-based Occidental, a company he built from a nearly bankrupt wildcat drilling firm into the 16th largest industrial corporation in the nation.

Rumors about his health had surfaced periodically since he had a pacemaker implant in November,...

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