Details surrounding the divorce settlement between Terry Bollea, better known as Hulk Hogan, and ex-wife Linda Bollea have surfaced in an article in the St. Petersburg Times. The two were divorced in 2009, but specifics of their financial settlement were unknown until now.
So much for 50/50. Linda Bollea received more than 70% of the couple's liquid assets. But the pain doesn't stop there for the Hulkster. His ex also received a 40% ownership stake in Hulk's companies. Plus, she received a $3 million property settlement (more on that below).
The St. Petersberg Times writes that "the confidential financial settlement came to light this week after it was attached to a new motion filed by Terry Bollea's attorneys."
So, what are the gritty details? According to the documents, Linda Bollea got a lump sum of $7.44 million from the couple's investment accounts. The remaining $2.97 million went to the Hulk.
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.
I know their are a lot of Hulk Hogan haters out there. But that is only because people are very jealous of him and his success. It's very apparent he is a loving father and was a great husband to Linda. In our opinion, Linda was just such a greedy person she decided she wanted a bunch of Hulk's money and to be single.
Last we heard Linda was dating some guy not even old enough to drink alcohol. Hulk on the other hand married a wonderful lady named Jennifer. (Who despite rumors looks nothing like his daughter).
The good thing about all this, is it will work itself out in the end. With Hulk not having to pay alimony, Linda will squander away her money. While Hulk will make much more. After all he is still Hulk Hogan!
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