In July 1991, Ric Flair was fired from WCW after several creative disputes with Executive Vice President Jim Herd. Although Flair was stripped of the WCW title, he took the physical belt with him when he jumped to the rival World Wrestling Federation, since WCW had not returned his $25,000 deposit on the title belt. It was customary for the man designated to be NWA World Champion to put a $25,000 deposit on the title belt, which would be paid (plus interest) back when he lost the championship. Flair appeared with the belt on WWF television and declared himself "The Real World Heavyweight Champion". Flair was still recognized for a short time after his departure from WCW as the NWA World Champion, despite WCW's stripping him of recognition of their heavyweight championship, setting up a split between the titles.
WCW created a new title belt to represent the WCW World Heavyweight Championship, which was won by Lex Luger in July. Although Luger was the WCW World Champion, the NWA continued to recognize Flair as its champion until September, when he was stripped of it for signing with the WWF. Flair never returned the belt because his deposit was never paid back. On the Ric Flair DVD he said he gave the original title belt to Triple H as a gift. However, Ric Flair also has said in a shoot interview with Highspots that Hulk Hogan has the original belt.
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