Hulk Hogan’s Net Worth: 5 Fast Facts You Need to Know

hulk hogan net worth

What is Hulk Hogan’s net worth? How does it compare to his Gawker lawsuit win? (Getty)

Former professional wrestler Hulk Hogan won a huge jury award in his case against Gawker. He was awarded $115 million in compensatory damages and a little over $25 million in punitive damages. How much is Hogan’s net worth and how does it compare with what he was awarded?

Here’s what you need to know.

1. Hulk Hogan’s Net Worth Is $25 Million

hulk hogan net worth

Hulk Hogan attends a WrestleMania press conference in April 2014 in New York City. (Getty)

Hulk Hogan has a net worth of $25 million, according to Celebrity Net Worth. (As an interesting note, Richest estimates his net worth at $8 million, but those numbers were from 2012.)

Born Terry Gene Bollea, he made his fame and the bulk of his money through his professional wrestling career. In the late 1980s and 1990s, 30 million people would sign up for pay-per-view to watch Hogan on WrestleMania. Hogan then used his fame to launch an acting career. He appeared in Rocky III and the TV series Thunder in Paradise, among other appearances.

2. He Lost Much of His Money After His Divorce

hulk hogan

Hulk Hogan visits Hope Children’s Home on November 30, 2015 in Tampa, Florida. (Getty)

When Hogan’s first wife Linda Claridge filed for divorce in 2007, it was revealed that he was worth $30 to $40 million. However, he had to pay her 70 percent of the couple’s assets, which added up to about $30 million in cash, property, and cars. He later said that this brought him to the brink of bankruptcy.

3. Hogan Said He Also Lost a Significant Amount of Money Through a ‘Lavish’ Lifestyle

ST PETERSBURG, FL - MARCH 08: NY POST OUT Terry Bollea, aka Hulk Hogan, testifies in court during his trial against Gawker Media at the Pinellas County Courthouse on March 8, 2016 in St Petersburg, Florida. Bollea is taking legal action against Gawker in a USD 100 million lawsuit for releasing a video of him having sex with his best friends wife. (Photo by John Pendygraft-Pool/Getty Images)

Terry Bollea, aka Hulk Hogan, testifies in court during his trial against Gawker Media. (Getty)

In 2011, The Daily Mail reported that Hogan was selling his mansion in Florida and living in a rental home after he had spent “hundreds of millions” back in his glory days. At the time, he said he was “living in abundance” in his rental house, and he was happy and grateful. He admitted, however, that his lavish lifestyle had played a role in nearly bankrupting him.

4. He Built Himself Back Up Financially

Attends the 2015 NBCUniversal Cable Entertainment Upfront at The Jacob K. Javits Convention Center on May 14, 2015 in New York City.

Hulk Hogan lost a great deal of money after his divorce from his first wife in 2007. (Getty)

Hogan recovered financially by rejoining WWE in February 2014 and becoming the host of WrestleMania. He was later let go from that position in 2015, due to racial remarks overheard on the sex tape that is at the center of Hogan’s lawsuit against Gawker.

Hogan still makes money through investing in businesses and real estate in Florida. He also earns residual income from merchandise sales connected to his Hulk Hogan brand, according to Celebrity Net Worth. He’s been connected with many different financial pursuits over the years. 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.

5. Hogan Was Awarded $115 Million for Economic Injury and Emotional Distress

hulk hogan net worth

Terry Bollea, aka Hulk Hogan, was awarded $115 million in his lawsuit against Gawker. (Getty)

Hogan was awarded $115 million total in compensatory damages. That includes $60 million for emotional distress and $55 million for economic injuries, Slate reported. 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 Daulerio, CNN reported. If Hogan receives the full amount, it will be significantly more than his total net worth. Gawker is expected to appeal the decision.

Hogan also filed a medical malpractice suit against the Laser Spine Institute in Tampa in 2013, FindLaw reported. He is seeking $50 million in damages, claiming the clinic performed unnecessary surgeries on him and the procedures weren’t as effective as advertised.

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