Perhaps, the biggest name in the wrestling industry, Hulk Hogan is a legend. Throughout the 80s, 90s and even the early 2000s, Hulkamania was running wild and sweeping the world. All the way from WrestleMania I to WrestleMania IX, Hulk Hogan dominated the main event scene. Hence, when you come across Hulk Hogan’s net worth, it won’t surprise you.
Though not as talented and blessed with in-ring acumen as some of his counterparts such as Randy Savage or Bret Hart, Hogan was a showman. He would sell out arenas the world over and put on memorable moments inside the squared circle.
Who can forget that iconic moment at the Silverdome in Pontiac, Michigan at WrestleMania III when the ‘unstoppable force met the immovable object’ as Hogan and Andre the Giant stared at each other?
Born on August 11, 1953 as Terry Gene Bollea, Hogan was introduced to Vince by another legend, Terry Funk. Hogan earned his fame and the bulk of his money through his professional wrestling career. Hogan’s first appearance at the Madison Square Garden was against Ted Dibiase.
He was paired with ‘Classy’ Freddie Blassie during his initial run with the company. Hogan then proceeded to work in Japan and the Verne Gagne owned AWA before returning to the Vince McMahon-owned company to run wild with Hulkamania.
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In the late 1980s and 1990s, 30 million people would sign up for pay-per-view to watch Hogan main event WrestleMania. Year after year, Hulk put on WrestleMania main event matches with the likes of Rowdy Roddy Piper, Paul Orndoff, Bundy, Andre, Macho Man, Ultimate Warrior, Sgt. Slaughter, Sid Justice and even Yokozuna.
Hogan then used his fame to transition into Hollywood to launch an acting career. He appeared in Rocky III as Thunderlips and the TV series Thunder in Paradise, among other appearances. He was the most requested celebrity for Make A Wish Foundation during that time.
Hulk Hogan capped off a perfect career when he was inducted into the WWE Hall of Fame by none other than Hollywood giant and close friend Sylvester Stallone.
According to Celebrity Net Worth, Hulk Hogan has an estimated net worth of $25 million. However, popular website ‘the Richest’ estimates his net worth to be around the $8 million mark, but those numbers are from back in 2012 and a lot has changed in the Hulkster’s life since then.
The first dent in Hogan’s bank account came when his first wife Linda Claridge filed for divorce in 2007. He was worth about $30 to $40 million at that time. However, he had to pay her 70 percent of the couple’s assets during the divorce, which added up to about $30 million in cash, property, and cars. He later admitted that the divorce was very hard on him both emotionally and financially and brought him to the brink of bankruptcy.
Hogan managed his finances well over the next couple of years. He signed with the WWE in February 2014 for a legends deal that paid him handsomely. He also recovered financially by hosting WrestleMania XXX.
However, it all came crashing down again when he was released from the company in 2015 following some racial slurs that were overheard on a sex tape that was at the centre of Hogan’s lawsuit against Gawker.
After the lawsuit, Hogan was awarded $115 million total in compensatory damages which included a total of $60 million for emotional distress and $55 million for economic injuries. He has also just won a little over $25 million in punitive damages, including $15 million from Gawker, $10 million from Nick Denton (Gawker’s founder) and $100,000 from journalist AJ Daulerio, CNN reported.
Gawker is set to appeal against the decision. However, if the verdict is upheld, Hogan will be a very rich man.
Hogan still invests regularly in a number of real estate businesses in Florida. He also gets royalty cheques for his residual Hulk Hogan brand merchandise. In October 2013, he partnered with Tech Assets to open a web hosting service called Hostamania. He also became a distributor for ViSalus Sciences, an MLM company.
Hogan had also filed a medical malpractice lawsuit in 2013 against Laser Spine Institute in Tampa. He claimed that the clinic had performed unnecessary surgeries on him and demanded a compensation of $50 million in damages.
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