In 2007, his wife Linda filed for divorce. She wanted half of everything. The judge agreed. Hogan had to sell his 150-foot yacht, his beach house, and a ton of his memorabilia. The divorce cost him around $40 million.
Hulk Hogan’s Net Worth at the Time of His Death Explained
Then came the Gawker lawsuit. Oh, boy. Hogan sued the website for releasing a private sex tape. He won a massive $140 million verdict in 2016. But the legal fees? They ate up a huge chunk. He ended up settling with Gawker’s parent company for $31 million. That hurt.
The IRS Liked Him, Too
Hogan also had a little run-in with the taxman. He owed $2.6 million in back taxes in the early 2000s. The IRS doesn’t care if you’re a wrestling god. They just want their money. He had to sell even more stuff to pay them off.
Funny enough, he once said his biggest regret was not saving his money. He thought the booming 80s would last forever. Spoiler: Nothing lasts forever—not even Hulkamania.
