The Legend of American wrestling, Hulk Hoganhe died on Thursday at age 71 following a cardiac arrest According to medical sources. Born as Terry generates bowling, the athlete made wrestling a Global phenomenon that led him to accumulate a estimated heritage of more than US $ 25 million.
The Hulk Hogan Empire
Hulk Hogan, wrestling icon, television figure and occasional actorhe died on Thursday, July 45 and left behind an estimated net worth of US $25 million. This figure contemplates both the agreement reached with Gawker.com –originally set at US $140 million, but finally reduced AU $ S31 million before taxes – as well as losses Millionaires derived from his divorce with Linda Hogan.
Hogan’s figure emerged in the 80s, during the golden era World Wrestling Federation (wwf, today wwe), where it reached a status of global superstar. His imposing physique, the handlebar mustache and the iconic combination of red and yellow made him a symbol of a generation, and was one of the reasons why this type of entertainment managed to expand to everyone.
In 1984 he won his first title after beating Iron Sheik, and then it was a key piece in the era of the “Rock ‘N’ Wrestling Connection”, merging wrestling, music and entertainment. Historical rivalries with André “The Giant”, Randy Savage and “The Ultimate Warrior” consolidated him as one of the most popular fighters of all time.
Beyond his successful race above the ring, Hogan participated in films such as “No Holds Barred” and gained notoriety on reality television with “Hogan Knows Best”. But his personal life would soon eclipse his professional career.
With the millions won in WWE contracts and their participation in films, Hogan also ventured into business. In 2012 he opened “Hogan’s Beach Shop”, a theme bar and restaurant. However, after the leakage of audios where racist comments were in 2015, The place broke relations with his figure. He later relaunched the brand with stores in Orlando and Clearwater, Florida, and opened the “Hogan’s Hangout”
In addition, Hogan was the image of numerous brands, since Honey nut cheerios to Pastamanía “A brief gastronomic incursion during his time at the WCW. He also had contracts with 1-800 Loanmart and Carma Holdco, among others.
During the height of his career, Hogan kneaded more than US $ 100 million. However, their bad business decisions and their legal problems made me died with a much lower fortune than expected.
The legal problems that affected their fortune
Despite the millions of lived, the financial, legal and personal decisions of Hulk Hogan left a fortune remarkably less than the one he knew how to show at the top of their popularity. In 2012, Hogan was recorded without his consent as he had sex with the wife of the radial personality Bubba “The Love Sponge”.
The Gawker.com site published a Edited version of two minutes of that meeting. Before the refusal of the portal to eliminate the video, Hogan sued for invasion of privacy, arguing that his publication had humiliated him.
The lawsuit, which began with a claim for US $ 100 million, concluded in March 2016 with a jury ruling in its favor for US $ 115 million. A few days later, the figure was high AU S140 million.
On August 1, 2016, Denton declared bankruptcy, revealing that their assets were reduced to a 30% participation in Gawker and an apartment in New York, with an estimated value of US $ 50 million – positively less -, compared to liabilities for US $ 1550 million. In November of that year, Gawker and Hogan agreed a final payment of U $ 31 million dollars.
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Despite the successes, much of the fortune of the wrestling experiencer occurred in the separation process with his ex -wife. In 2007, it was estimated that Hogan had a heritage of US $ 30 million.
However, it had to deliver 70% of the couple’s liquid assets, US $ 3 million in cash and 40% of their businesses. Besides, He himself admitted to having wasted hundreds of millions during his stage of greatest fame in the ’90s, in the midst of a lifestyle marked by excess.
Just two years ago, in 2023, Hogan married his third wife, Sky Daily. Now, the woman seems to be the beneficiary of her fortune.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
