Hulk Hogan's divorce - ex gets 70%

[Oceano]

Hulk Hogan’s Divorce Details Go Public

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.

Hulk Hogan?s Divorce Details Go Public | Yahoo TV - Yahoo! TV

Thoughts?

 

[PICK3]

p'wnt!

 

[redsamurai]

DIdn't seem like she was really all that much helping Hulk out with his various business ventures....seemed like your typical run of the mill stay at home but run up the husbands credit care type moms. I could understand if she had a hand in helping him earn that money, like did part of the business. 50/50 would seem more than fair for her. It sucks cause you see the hulk on TNA and he doesn't look good, like he's beaten down. You kind of get the feeling he's tired of this shit but I guess what can he do? He's gotta keep wrestling. His daughter bombed out of the music biz right?

 

[PICK3]

he doesn't look good

from doing teh unregulated jooooose

 

[redsamurai]

from doing teh unregulated jooooose

no he's still got the physique, that will probably be there till he's 90....it's just his face. It's hard to describe, he looks perpetually sad...even when he's trying to be the hulkster out there, it's just not there anymore. He really looks like he utterly hates his life.

 

[EnderJE]

Someone needs a bodyslam.

 

[jester72]

redsamurai, you're right. Sadly, he does look like a beaten man, and it's really showing in his face. He's still got a killer physique for a man his age, but the whole divorce thing has really taken it's toll on him. It's always difficult to watch a legend fall from grace.

 

[bakemeacookie]

he's still got millions. So he can't afford the sprawling mansion now. He'll survive.

btw: Anyone got his ex's #?

 

[jiggagold]

why do u want her beat up arbys looking beef curtains

 

[smurf2]

DIdn't seem like she was really all that much helping Hulk out with his various business ventures....seemed like your typical run of the mill stay at home but run up the husbands credit care type moms. I could understand if she had a hand in helping him earn that money, like did part of the business. 50/50 would seem more than fair for her. It sucks cause you see the hulk on TNA and he doesn't look good, like he's beaten down. You kind of get the feeling he's tired of this shit but I guess what can he do? He's gotta keep wrestling. His daughter bombed out of the music biz right?

How on earth do you know what part she played in his business ventures?? Because you saw a few episodes of their "reality" show? LOL spare me