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Michael Armand Hammer died on Sunday, November 20. According to family members, Michael had been ill for quite some time and faced a years-long battle with cancer, before finally succumbing to it. A family representative confirmed the news, stating, "Michael Hammer has passed away after a long, hard fight with cancer."

Michael was the father of two sons, whom he had with Dru Ann Mobley, his ex-wife. Armie, their elder son was born in 1986, and their younger son Viktor was born two years later in 1988. Michael and Mobley were married for 27 years, from 1985 to 2012, before he married his present spouse, Misty Millward, in 2017.

Before being associated with Occidental Petroleum, the corporation his grandfather, Armand Hammer, oversaw for many years, the American entrepreneur worked at an investment banking firm in New York City. In the 1980s, Michael relocated Occidental's headquarters to Los Angeles, rose to the position of vice president, and was appointed to the board of directors. Along the way, he also had control over the Armand Hammer Foundation, the Hammer Galleries, and the Hammer International Foundation.

In 2021, Armie made headlines when he was accused of having deranged sexual desires, including cannibalism and BDSM. The actor was since then cut off from his family's wealth. With no money to fund his legal battles, the actor was reportedly spotted working in the Cayman Islands as a timeshare salesman.  It has since been revealed that his late father also led a checkered life, being embroiled in one of New York City's biggest art fraud scandals and reportedly keeping a sex dungeon in the Armand Hammer Foundation headquarters in Carpinteria.