Hulk Hogan is an American professional wrestler, actor, TV personality, and entrepreneur with $25 million in total assets. Hogan was born Terry Gene Bollea on August 11, 1953, in Augusta, Georgia but grew up in Port Tampa, Florida.
In his early years, Bollea played baseball as a pitcher. He attracted interest from MLB teams but an injury ended his baseball career. He then ventured into music and began playing the bass guitar for several rock bands in Florida. Bollea dropped out of college and formed a band named Ruckus in 1976 which enjoyed success around the Tampa Bay region.
During performances at a bar where wrestlers visited often, one of them impressed by Bollea’s muscular build introduced him to wrestling. Bollea made his debut on August 10, 1977, in Championship Wrestling from Florida (CWF).
Fame and Professional Wrestling Career
After CWF, Hogan wrestled under several other wrestling promotions including CWA, NWA, WWF (Now WWE), Japan’s NJPW, AWA, WCW and TNA Impact. Hogan toggled back and forth between these various platforms, increasing his popularity by making anticipated comebacks after he quit each one.
Perhaps his most successful years were with Vince McMahon‘s WWF between the mid-1980s and early 90s. Hogan made the 4th return to WWE after almost 5 years in 2015 but was ousted after he openly made racists comments of which he later apologized.
A 12-time world champion, Hogan has won 6 WWF/E World Heavyweight Championship, and 6 WCW World Heavyweight Championship titles. He is also the first wrestler to win back to back Royal Rumbles in 1990 and 1991.
Earnings, Acting and Other Business Ventures
As his popularity surged, Hogan began receiving movie roles. He made his debut feature in 1982 action film “Rocky III”. He also starred in “No Holds Barred” (1989), “Suburban Commando” (1991), “Mr Nanny” (1993), and “Santa with Muscles” (1996). In recent years, Hogan has been more active voicing animated characters. Hogan’s reality show “Hogan Knows Best” which centred around his family premiered on VH1 in 2005 and ended in 2007, around the time his then wife and mother of his two children (Brooke and Nick), Linda Claridge filled for divorce.
Like other celebrities, Hogan makes money from the sale of his own merchandise which includes his own energy drink Hogan Energy, and Hulkster Burgers, a brand of microwaveable hamburgers sold in Wal-Mart. He opened a Tampa beachfront restaurant called “Hogan’s Beach” in 2012 but following the racist’s scandal, his name was dropped from the restaurant in 2015.
Financial Problems And Gawker Lawsuit
Hulk has had his fair share of problems with the law. His 2007 divorce from his wife as a result of his infidelity put him on the verge of bankruptcy, he was ordered to pay his wife $30 million in cash and properties. Hogan was at the time said to be worth around $40 million. This was drastically affected by the divorce payout. In the settlement, Linda was given 70% of their combined assets, including cash, vehicles, and properties. It was worth almost $30 million. His net worth today is approximated to be about $25 million.
While Hogan recovered financially, he doesn’t seem to be done with scandals. In 2012, Gawker released a sex tape involving Hogan and his best friend’s wife Heather Clem. Hogan filed a lawsuit against the media company for invading his privacy, seeking $100 million in damages. In 2016, a Florida court awarded Hogan $140 million in damages. Gawker appealed the judgment and lost. They then filed for bankruptcy under the Chapter 11 bankruptcy protection and they were bought over by Univision Communications for $135 million in August 2016. Later in November 2016, both parties reached a settlement agreement for $31 million.
Hulk Hogan’s Wife and Daughter
Hulk Hogan has been married twice. He is presently married to Jennifer McDaniel after he divorced his first wife Linda Claridge. He has two children, Brooke and Nick Hogan with Linda. The wrestler’s daughter, Brooke is the most popular of his children. Like her dad, Brooke is also a professional wrestler. Apart from that, she is famous as an actress and a musician.
Hogan and his second wife began their love affair in 2008, announced their engagement in 2009 and tied the knots in their home in 2010 with Hogan’s children from his first wife in attendance to lend support to their father.
They have no children of their own yet. Hogan’s divorce from his first marriage tore him apart, even though it was all his fault. His first wife, Linda filed for a divorce to bring to an end their 26-year-old marriage after being married to Hogan since 1983. The divorce proceedings started in 2007 and after a two-year battle, it was concluded in 2009.
Is He Dead or Alive?
Hulk Hogan is still very well alive. He has found life anew after his divorce drama almost drove him to suicide.