"Hulk Hogan’s Divorce Settlement"

By April Lopez

Hulk Hogan, Terry Bollea in real life, has finally reached a financial settlement with ex-wife Linda Bollea.

According to reports, 51-year-old Linda got 70% of the liquid assets. Linda now has 40% ownership in Hulk's various companies. He is also paying her $3 million in property settlement plus four fancy cars - a Mercedes-Benz, a Cadillac Escalade, a Corvette and a Rolls-Royce.

More information on money and property: Terrell Owens Declares Financial Crisis Divorce Settlement Reached for McCourts Actor Kelsey Grammer & Ex-wife Nearing Settlement

In addition, they agreed to sell several of their properties, including their $13.9 million estate in Belleair, Florida, where the reality series Hogan Knows Best was filmed.

The divorce settlement was revealed this week when Hogan’s lawyers went to court for payment-related problems. The papers they filed made the settlement public record.

The couple has $10.41 million in bank and investment accounts. Linda received $7.44 million from that. Hogan will not pay his ex-wife alimony.

The American Semi-retired professional wrestler, actor, television personality, and musician, on the other hand, will be able to keep fees from his personal appearances and sales of his 2009 book, My Life Outside the Ring.

The couple was divorced in 2009. They were married for 26 years. They have two kids, Brook and Nick.

Tuesday, May 15
at 8 pm to 8:30 EST
Out With the Tragedy: Turning Divorce into a meaningful experience
with Allison Pescosolido and Andra Brosh, founders of Divorce Detox
Learn More

Listen to podcasts of previous TeleSeminars.