The Hogans Divorce ....

[The Man They Call WMD]

Linda did really well....


The St. Petersburg Times ran a story about the financial state of Hulk Hogan after his divorce from now ex-wife Linda and the picture isn't pretty. Here are some factoids as to what happened when the two divorced in 2009.
*Linda Bollea got more that 70% of the couple's liquid assets.

*Hulk agreed to give her 40 percent ownership in his various companies and pay her an additional $3 million "property settlement," according to the filing.

* Linda Bollea received $7.44 million of the couple's $10.41 million that was held in various bank and investment accounts. Hulk got the remaining $2.97 million, though he does not have to pay her alimony (nor should he, jeez).

*The ex-couple will split the money that comes from the sales of their Clearwater Beach, FL home as well as the Belleair, FL home where "Hogan Knows Best" was filmed, whenever they say. Linda already got $1.65 million from the sale of the beach home and Hulk will have pay her the rest when Belleair sells.

The formerly confidential financial settlement was released this week in a motion filed by Hulk's attorneys to respond to queries Linda made concerning revenues that Hulk's company's have generated.

 

[Remy LaCroix]

Gold digger.

 

[Harthan]

Ridiculous. Should have signed a pre-nup, Hulkster.

What really annoys me is - what the hell did Linda Hogan ever do in her life other than marry Hulk to deserve all his goddamn money?

 

[xoxo French Kiss xoxo]

t(he)y only had 10million in the bank after how many years of wrestling? wow...

I guess it didn't matter what she took because TNA is lining his pockets nowadays.

All she had to do was fuck him, and give birth to their children, I'm beating Brook weighed in around 12-15 pounds at birth, at least.

 

[Serious Mozzarella]

t(he)y only had 10million in the bank after how many years of wrestling? wow...

Some people have to actually spend money in order to get nice things.

You know, his house. His cars. His kids. $10 million is a lot of money to have just laying around.

 

[xoxo French Kiss xoxo]

Some people have to actually spend money in order to get nice things.

You know, his house. His cars. His kids. $10 million is a lot of money to have just laying around.

Yeah but you would think he would have invested it better and had more put back from his 20+ year career

 

[The Man They Call WMD]

Ridiculous. Should have signed a pre-nup, Hulkster.

What really annoys me is - what the hell did Linda Hogan ever do in her life other than marry Hulk to deserve all his goddamn money?

Do you want the legal answer?

 

[Big Nick Dudley]

I sat at home, for years, while you made money. I.. I... I supported you, damnit!

She deserved something, but that much? Ridiculous.

 

[Serious Mozzarella]

Yeah but you would think he would have invested it better and had more put back from his 20+ year career

The fact that he had 10 million dollars laying around in the bank, while having everything he wants in life, means he did something right. He's had a loooooong wrestling career. He's doing extremely well for himself.

I just hope his career doesn't end like some broken down, desperate has-been who will also do anything for money and attention. It's sad that a good majority of that statement is already true.

 

[Davi323]

I am wondering about what wasn't mentioned:

Is Linda entitled to get any of Hulk's future earnings in addition to what she already receives? I understand that he paid her a bulk sum in lieu of paying alimony, but alimony isn't what I am talking about. If he signs a new deal with TNA, or signs a Legends contract with the WWE or something, does she get any of that contract? Or is she completely cut off from any additional money Hulk Hogan could potentially earn?

 

[George Steele's Barber]

Makes you wonder how much money went in to Brooke's singing career (aka the garbage)?

Let's not forget how much money went to the Grazianos.

 

[xoxo French Kiss xoxo]

I just hope his career doesn't end like some broken down, desperate has-been who will also do anything for money and attention. It's sad that a good majority of that statement is already true.

Like Rick Flair?

 

[Big Nick Dudley]

Ric* Flair, you mope.

 

[The Man They Call WMD]

I am wondering about what wasn't mentioned:

Is Linda entitled to get any of Hulk's future earnings in addition to what she already receives? I understand that he paid her a bulk sum in lieu of paying alimony, but alimony isn't what I am talking about. If he signs a new deal with TNA, or signs a Legends contract with the WWE or something, does she get any of that contract? Or is she completely cut off from any additional money Hulk Hogan could potentially earn?

Well when it comes to divorces there are two types of states

Seperate and communal.

In a seperate state they use equitable distribution.
The factors are someones
-status
-lifestyle
-rehabilitation
-fault

Florida is a seperate state. Usually under this doctrine, the split will be 50/50.
Presently courts are reluctant to issue ALimony unless it's neccesairy.
They prefer not to have continued supervision over the former couple.
So they usually do a lump sum. I would speculate, this is all Linda gets and she isn't entitled to receive anything else from Hulk

 

[Serious Mozzarella]

Like Rick Flair?

Precisely and especially like Ric Flair.

 

[xoxo French Kiss xoxo]

Ric* Flair, you mope.

sorry adding the K to the name "Rick" makes it correctly spelled, but doesn't make a difference in describing the has been Ric Flair. Ill try to care more next time... nope