Hulk Hogan’s Net Worth (Updated 2022)
Hulk Hogan’s Net Worth (Updated 2022)
Hulk Hogan
| Net Worth: | $25 Million |
| Date of Birth: | Aug 11, 1953 (68 years old) |
| Gender: | Male |
| Height: | 6 ft 7 in (2.01 m) |
| Profession: | Wrestler, Actor, Film Producer, Musician, Television producer, Entrepreneur, Author |
| Nationality: | United States of America |
Hulk Hogan’s Net Worth (Updated 2022):
Hulk Hogan’s Net Worth (Updated 2022) and Salary:
Hulk Hogan is a $25 million net worth American actor, wrestler, and reality television star. That figure includes his Gawker.com settlement, which was initially worth $140 million but was eventually reduced to $31 million before taxes.
Hulk lost tens of millions of dollars during his divorce from ex-wife Linda. We learned that the Bolleas were worth around $30 million in 2009 during his contentious divorce proceedings with Linda.
Hulk was eventually forced to hand over 70% of the couple’s liquid assets, $3 million in cash to cover property settlements, and a 40% stake in his various business entities. More information on their divorce settlement can be found later in this article.
Hulk has also admitted that during the peak of his career in the 1990s, he spent “hundreds of millions” on an extravagant lifestyle.
More than any other person, Hogan was responsible for transforming professional wrestling from a regional curiosity into the multibillion-dollar “sports entertainment” industry that it is today. During his heyday in the 1980s and 1990s, he was one of the most recognizable figures in the world, first at Vince McMahon’s WWF (where he earned up to $1 million to appear at Wrestlemanias V and VI) and then later at Ted Turner’s rival WCW organization.
Early Life:
Terry Gene Bollea was born in Augusta, Georgia on August 11, 1953. When Hulk was a baby, his family relocated to Tampa, Florida, where he has remained ever since. His favorite sport as a child was baseball, and he was said to have attracted professional big league talent scouts as a Little Leaguer, but an injury ended his career in more traditional sports, as it did for many other professional wrestlers. He discovered professional wrestling at the age of 16, setting himself on a path that would change his life and the wrestling world as a whole.
Wrestling Career | Hulk Hogan’s Net Worth (Updated 2022):
Hulk Hogan is best known as a professional wrestler for the WWF (now WWE). Hulk’s popularity peaked in the late 1980s and early 1990s, when up to 30 million people would pay to watch a WWF pay-per-view event like WrestleMania.
But his wrestling career began much more modestly, when he wrestled a match for the CWF promotion in Fort Myers, Florida in 1977, eventually adopting the masked character “The Super Destroyer.” The “Hulkster” character that would make Hogan a star began to take shape after a local TV host compared him favorably to Incredible Hulk star Lou Ferigno, but it It wasn’t until he teamed up with Vince McMahon Sr.
He began using the name “Hogan” in 1979. The following year, while still with the WWF, he began wrestling in Japan, but after taking the role of Thunderlips in Rocky III (a role that earned him a cool 15 grand as well as introducing him to a whole audience who may not have ever watched professional wrestling before), he parted ways with the WWF for the first time without McMahon’s permission.
He returned in 1983, after McMahon’s son took over the company with an eye toward greater mainstream success for the sport, and he wanted Hogan to be the company’s face. It worked, and “Hulkamania” became a worldwide pop culture phenomenon that lasted into the twenty-first century in some form or another.
Acting | Hulk Hogan’s Net Worth (Updated 2022):
Hogan used his celebrity to launch a successful acting career. His first film role was the aforementioned Thunderlips in Rocky III in 1982. In the 1980s and 1990s, Hogan tried several times to break into the mainstream Hollywood action scene, appearing in films such as No Holds Barred, Suburban Commando, and Mr. Nanny.
From 1993 to 1995, he also appeared in the TV series Thunder in Paradise. A decade later, Hogan succumbed to the celebrity reality television trend with the VH1 series Hogan Knows Best, which starred him and his family.
Other Endeavors:
Hogan has always been an astute merchandiser and marketer, and he has run a number of successful businesses. In 1995, he opened Pastamania, his own signature pasta restaurant, in Minnesota’s Mall of America. It was closed after a year. Hogan has also claimed that he was the first choice to endorse the George Foreman Grill, with Foreman getting the job after Hogan failed to respond in time.
In 2006, he released his own energy drink called Hogan Energy, and shortly after, a line of frozen cheeseburgers called “Hulkster Burgers” began to appear on store shelves. He opened Hogan’s Beach, a restaurant in his hometown of Tampa, in 2012, and after that business relationship ended, he opened Hogan’s Hangout in nearby Clearwater Beach.
Personal Life | Hulk Hogan’s Net Worth (Updated 2022):
In December 1983, Hulk married Linda Claridge. They have two children, a daughter named Brook and a son named Nick Hogan. Linda filed for divorce in 2007 following rumors of Hulk’s infidelity. Hogan’s personal net worth was revealed to be $30 at the time. That equates to around $40 million today.
It was also revealed that Hulk had put his money into a number of businesses and real estate projects in Florida. Hulk Hogan’s brand, Hulk Hogan, still generates revenue from merchandise sales and residuals.
Divorce Settlement:
When Hulk and Linda Hogan divorced, he was forced to pay her 70% of the couple’s liquid assets, $3 million in cash to cover real estate settlements, and an ongoing 40% ownership stake in his various businesses. In a radio interview in 2011, Hulk admitted that his divorce had pushed him to the brink of bankruptcy. Linda did not receive alimony, but she did receive $7.44 million of the $10.41 million in bank and investment accounts held by the couple. She also received a Mercedes-Benz, a Corvette, and a Cadillac Escalade.
He has since managed to recoup some of his losses. Hulk re-joined the WWE for the first time in over five years in February 2014, landing a job as WrestleMania host. Hulk Hogan was fired from WWE in July 2015 after a series of racist comments were made public.
Hulk married Jennifer McDaniel in 2010.
Real Estate | Hulk Hogan’s Net Worth (Updated 2022):
Hulk paid $2 million for a waterfront property in Belleair, Florida in 1992. They quickly demolished the existing house and spent the next several years constructing an opulent mansion that eventually spanned more than 17,000 square feet. The building was finished in 1996. This is the house that was featured on the reality show “Hogan Knows Best” between 2005 and 2007.
Linda and Hulk listed the house for sale for an eye-popping $26 million in 2006, possibly anticipating their impending divorce. Two years later, the financial crisis and real estate downturn hit, and the two had separated and were looking to liquidate assets so they could split and move forward. The price was reduced to $13.9 million in August 2009.
The price was reduced several times before Hulk agreed to accept $6.2 million in April 2012. This is $19 million less than the original asking price.
Hulk paid $3 million for a home in nearby Clearwater, Florida in 2014. He paid $1.6 million for the house next door in 2016.
Gawker Lawsuit | Hulk Hogan’s Net Worth (Updated 2022):
Hulk Hogan slept with the wife of radio personality Bubba the Love Sponge in 2012. Bubba arranged for the encounter to be secretly recorded with a surveillance camera. The sex tape was eventually obtained by the website Gawker.com. An editor decided to put a two-minute edited version on their home page. Hulk requested that the video be removed from Gawker. When they refused, Hulk filed a lawsuit against Gawker, claiming that they had violated his privacy.
In 2016, a Florida jury agreed with Hulk and ordered the website to pay him $140 million in damages. The judgment was unsuccessfully appealed by Gawker. Gawker was forced to sell its assets. Nick Denton, the company’s founder, declared personal bankruptcy. Gawker reached a $31 million settlement with Hogan in November 2016.