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Fortune left behind by Hulk Hogan revealed

The tragic death of wrestling icon Hulk Hogan sees the 71-year-old leave behind a surprise fortune.

Hulk Hogan’s net worth has been revealed following the shocking news of his death at the age of 71. 

The wrestling icon after he suffered a heart attack at his home in Clearwater, Florida, on Thursday, US time. 

The sports star is survived by his wife Sky and children Nick and Brooke – who he shared with ex-wife Linda Hogan. He also has two grandchildren, Oliver and Molly.

Hogan’s tragic death sees him leave behind a fortune for his family.

 

 

Obit Hulk Hogan
Hulk Hogan (right) and his son Nicholas (left) then-wife Linda and daughter Brooke in 2006. Picture: Stuart Ramson/AP

 

The athlete with his wife Sky and US President Donald Trump. Picture: mrs.sky.hogan/Instagram
The athlete with his wife Sky and US President Donald Trump. Picture: mrs.sky.hogan/Instagram

What was Hulk Hogan’s net worth?

According to Celebrity Net Worth, Hogan had a net worth of $US25 million ($A37 million) at the time of his death.

The majority of his wealth stems from his wrestling career and many reality television show appearances. 

The iconic wrestler had invested his money in several businesses and real estate around Florida. 

Hogan still earns money from merchandise sales and residuals with his brand, Hulk Hogan.

 

Obit Hulk Hogan
Hogan had a net worth of $US25 million at the time of his death.

However, the athlete lost millions of dollars after his divorce from his ex-wife Linda. 

At the time, divorce filings showed that Hogan’s net worth was $US30 million ($A45 million).

Hogan was forced to fork over 70 per cent of the couple’s liquid assets, $US3 million ($A4.5 million) in cash to cover property settlements, plus an ongoing 40 per cent ownership stake in his various businesses. 

In a 2011 radio interview, Hogan admitted that the divorce brought him to the brink of bankruptcy. 

Linda did not receive alimony, but she did receive $US7.44 million ($A11.2 million) of the $10.41 million ($A15.7 million) they held in bank and investment accounts. 

She also got to keep a Mercedes-Benz, a Corvette, and a Cadillac Escalade.

Hogan admitted that he blew “hundreds of millions” on an extremely lavish lifestyle at the peak of his career in the 1990s.

 

 

*** FILE *** Terry
Hogan and his ex-wife, Linda. Picture: Stephen Chernin/AP

Real Estate

In 1992, Hogan bought a waterfront property in Belleair, Florida for $US2 million ($A3 million). 

He quickly demolished the home and spent several years building an opulent mansion. Construction was completed in 1996. 

The five bedroom residence boasted a gym, a tanning room, a wet bar, a hot tub, a guesthouse, a swimming pool with waterfalls, and two docks along the Intracoastal Waterway.

The estate was featured on his reality show “Hogan Knows Best”, which aired on VH1 from 2005 and 2007. 

Hogan and Linda listed the luxurious home in 2006 for an eye-opening $US26 million ($A39 million). 

After multiple price reductions, Hogan offloaded the mansion in 2012 for $US6.2 million ($A9.4 million). 

 

Hogan has passed away at the age of 71 after suffering from cardiac arrest inside his Clearwater, Florida, home. Picture: Google Maps
Hogan has passed away at the age of 71 after suffering from cardiac arrest inside his Clearwater, Florida, home. Picture: Google Maps

In 2012, Hogan snapped up a home in nearby Clearwater, Florida for $US3.3 million ($A5 million), Realtor reports. 

The five bedroom estate, which was built in 2009, comes complete with an elevator, fireplace, pool and two spas.

Inside, high ceilings tower over the chic breakfast area, den/office space, family room, elegant dining room, and great room.

The expansive property also boasts a fully-equipped gym that the sports star often used to stay in tip-top shape, a home theatre, and a resort-style pool.

The WWE star also purchased the property next door, which features a much smaller house, for $US1.6 million ($A2.4 million) in 2016.

The properties combined are now worth an estimated $US11.5 million ($A17.4 million).

 

Hulk Hogan And Sydney Roosters Media opportunity
Hogan poses with Sydney Roosters players in 2009. Picture: Cameron Spencer/Getty Images

Hulk Hogan’s career

Hulk Hogan, whose real name is Terry Gene Bollea, rose to fame in the 1980s. 

He became a larger-than-life figure during his time with Vince McMahon’s WWE, then known as the World Wrestling Federation, The US Sun reports. 

His influence propelled WWE into a global phenomenon. Hogan’s unforgettable ring walks, accompanied by his Real American theme song, thrilled fans and sent arenas into a frenzy.

His iconic act of tearing his bright yellow shirt before a match became a signature move, replicated by his devoted Hulkamania fanbase for decades.

Hogan’s fame extended beyond wrestling, with appearances on reality TV, commercials, and films, including Rocky III alongside Sylvester Stallone.

He is remembered for some of WWE’s most legendary matches, including his electrifying bout against Dwayne “The Rock” Johnson at WrestleMania 18 in Toronto’s SkyDome, famously billed as “Icon vs. Icon.”

Parts of this story first appeared in Realtor and The US Sun was republished with permission.

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Author: Belinda Palmada

Source: News Corp Australia Network:

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