Hulk Hogan’s Messy Divorce Cost Him a Fortune

Hulk Hogan is probably one of the most famous wrestlers to ever wrestle in the WWE. Not many wrestlers in the WWE have reached the fame and popularity that he’s reached. As a result, Hogan, during his prime, made a lot of money. But, like many other athletes, Hogan managed to lose much of his wealth, and in his case, almost overnight. In Hulk Hogan’s case, he lost a lot of his money after his messy divorce with his wife, Linda Hogan.

Hulk Hogan | Michael Tran/FilmMagic/Getty Images

A quick look at Hulk Hogan’s career

Like many young wrestlers, Hogan’s early career had a rocky start. It took him a while to figure out what kind of character he wanted to play, but eventually, after a lot of trial and error, he found it. It wasn’t long until he went from being a struggling wrestler to having his name chanted by fans from around the world.

The 80s was the era of Hulkamania, and it was at this time that he married his wife, Linda. But, as athletes do, eventually, Hogan got old and his popularity died down. He’s still popular today, but not as popular as he once was. Hogan is currently retired from wrestling, but that doesn’t stop him from appearing on the WWE from time to time. 

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Hulk Hogan’s messy divorce 

A couple of years before his retirement, his 23-year marriage with Linda came to an end, according to Bleacher Report. She filed for divorce in 2007 because he cheated on her, and after a long legal battle, they finally divorced in 2009. While the details of the case aren’t too well-known, the results were. Linda definitely came out on top in their wrestling match.

Linda reportedly got over $7 million from the couple’s investment accounts, while he got less than $3 million. On top of that, she got a $3 million property settlement, and she gained control over 40% of his companies. Indeed, he had to sell some of his homes to pay the nearly $1.5 million that he owed her due to this settlement. 

Furthermore, she gained ownership over the majority of his cars. Those cars included a Mercedes-Benz, a Chevy Corvette, and a Rolls-Royce. While he was clearly the loser of this settlement, there were some positives for him. He did get to keep a few cars and didn’t have to pay alimony. Additionally, he gets to keep 100% of the money that he makes from making personal appearances. 

Many divorced couples split things in half, so it’s not clear why this divorce ended so lopsided in Linda’s favor. In any case, he has since financially recovered from this divorce. 

What Hulk Hogan is doing now

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While Hogan is still retired from wrestling, his occasional appearances in the WWE still make him some easy money. Hollywood is even doing a movie about him, though it will only talk about his early life and career and not about his later issues.

Chris Hemsworth of Marvel fame has signed on to play Hogan, and Todd Phillips, who directed Joker, will be making the movie. Hogan, meanwhile, will serve as a consultant on the movie to make sure that everything is accurate and up to par. That said, due to the pandemic, filming may not start for a while.

While Hogan has been in Hollywood before, this film could be the gateway for a resurgence of Hollywood Hogan. Nowadays, the showbiz world seems obsessed with wrestlers like Dwayne ‘The Rock’ Johnson, Dave Bautista, and John Cena. It’s entirely possible then that Hogan will join those men in conquering Hollywood in the modern day.