Hulk Hogan splits wealth following divorce
Terry Bollea aka Hulk Hogan divorced back in 2009! That is gonna be painful for him because he needs to split his fortune and maybe more than he expected.
Details related to the divorce settlement between Terry Bollea aka Hulk Hogan, and ex-wife Linda Bollea emerged recently in the newspapers. Hulk and Linda separated in 2009, but details on their financial dispute were not clear until now.
Linda Bollea obtained more than 70% of the couple’s liquid assets. But the pain doesn’t stop there for Hulk. His ex-wife also received a 40% ownership stake in Hulk’s companies. Plus, she received a $3 million property settlement (more on that below).
According to St. Petersberg Times, “the confidential financial settlement came to light this week after it was attached to a new motion filed by Terry Bollea’s lawyers.”
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The properties were either sold or are still on the market. The couple’s home used in “Hogan Knows Best” was originally listed for nearly $14 million. It is now available for around $8.87 million. Once that sells, Hogan will owe his ex-wife $1.45 million. The two will split the remaining proceeds.
Additionally, Linda Bollea received several cars in the split, including a Mercedes-Benz, a Corvette, a Cadillac Escalade, and a Rolls-Royce. Hulk received many of the remaining automobiles.
It may sound like Hulk got body slammed, but it’s not all bad news for the iconic wrestler. Deadspin explains that the Hulkster will get to keep any money he earns from personal appearances and will not have to pay alimony.
By celebrity standards, Hulk and Linda had what could be considered a pretty successful marriage. They were together for roughly 26 years and had two children, Nick and Brooke. Their reality program, “Hogan Knows Best,” ran for four seasons. Source: yahoo.com