Hulk Hogan Divorce Settlement – Hulk Hogan is the most iconic name in the history of wrestling. He has conquered larger-than-life characters like Andre the Giant inside the ring, but when it comes to the court room he lost virtual squash match to ex-wife Linda Bollea.
The couple had been married since 1983, but settled on a divorce in 2009. That settlement wasn’t immediately apparent, but the St. Petersburg Times reports that Linda received 70 percent of the couple’s liquid assets, amounting to $7.44 million held in bank and investment accounts.
If that wasn’t enough, Linda will also receive 40 percent ownership in the Hulkster’s many business ventures. That is, in addition to three million dollars for a property settlement and a number of expensive vehicles, including a Mercedes-Benz, a Cadillac Escalade, a Corvette and a Rolls-Royce.
Hogan has been the breadwinner for decades, and while I realize that Linda is entitled to assets without the benefit of a pre-nuptial agreement, it is mind-boggling that she was able to swing getting the majority of the couple’s liquid assets rather than half at the most.
I’m not sure about the logistics of the situation, but the only thing I can figure is that Linda’s legal team blew the Hulkster’s out of the water. For comparison’s sake, in a Survivor Series four-on-four elimination tag match, Linda’s team would have been akin to Shawn Michaels, The Rock, “Stone Cold” Steve Austin and The Undertaker.
Hulk’s was more like Barry Horowitz, The Brooklyn Brawler, Special Delivery Jones and “Iron” Mike Sharpe. In other words, it was no contest. What makes matters worse is that Hogan essentially paid for the legal team that destroyed him in court.