Hulk Hogan Net Worth 2022 (Forbes) – Salary, Income, Earnings

Hulk Hogan Net Worth 

Hulk Hogan has an estimated net worth of $25 million. Hulk Hogan was one of the most beloved figures in the WWE during the 1980s, known for his flamboyance and the frenzy of his fans, which was referred to as ‘Hulkamania.’ He earns most of his income from his career as a wrestler, actor, and film producer. 

Hulk Hogan was discovered by WWE owner Vince McMahon Sr. in 1979 and had his debut match against Andre the Giant, which he won. From there, Hulkamania, or his fandom, spread. From 2005 to 2009, he starred in his own TV show, Hogan Knows Best, with his family, after reinventing himself as Hollywood Hogan in 1996.

To calculate the net worth of Hulk Hogan, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Hulk Hogan
Net Worth: $25 Million
Monthly Salary: $200 Thousand+
Annual Income: $3 Million
Source of Wealth: Wrestler, Actor, Film Producer, Musician, Television producer, Entrepreneur, Author

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Early Life

Terry Gene Bollea was born on August 11, 1953, in Augusta, Georgia, to Pete Bollea, a construction foreman, and Ruth Bollea, a homemaker and dance instructor.

In high school, Bollea developed an interest in wrestling. He continued his education by attending Hillsborough Community College and the University of South Florida. While pursuing his education, his interests remained in the ring, and he never graduated. He instead chose to spend his time working out at a local gym owned by wrestlers Jack and Jerry Brisco. Bollea spent a few months wrestling on small circuits in the Southeast, encouraged by these two brothers.

Bollea’s talent piqued the interest of Vincent McMahon, the legendary promoter and owner of the WWE, the Northeast’s most prominent wrestling league, in 1979. McMahon offered Bollea the chance to join the WWE and forge a new identity. Terry was given the stage name “Hulk Hogan” by McMahon because of his massive physique (he stood 6 feet 8 inches tall and weighed 303 pounds) and uncanny resemblance to the comic book hero, the Incredible Hulk.

Hogan made his debut in 1980 against the even bigger Andre the Giant. Hogan won the match, as well as the respect and admiration of wrestling fans across the country. Hogan also drew the attention of actor Sylvester Stallone, who cast him as “Thunderlips the Ultimate Male” in Rocky III in 1982.

WWE Star

Hogan was awarded the WWE championship belt in 1984 for his memorable victory over the Iron Sheik. He rose to super-stardom quickly, and the ensuing fan frenzy, dubbed Hulkamania, became legendary. During this time, Hogan’s success fueled the public’s interest in professional wrestling. He would become a 12-time world champion in total, six times with the WWE and six times with the WCW (World Championship Wrestling).

Hogan had amassed enormous popularity among Americans by 1985. His image was used to promote a variety of products, and he began to play leading roles in a number of films. Hogan appeared in the wrestling film No Holds Barred in 1989. This film was moderately successful, but it was followed by a string of underperformers, including Mr. Nanny (1993) and Santa with Muscles (1996).

Hogan’s success in the 1980s faded in the early 1990s. The WWE was accused of providing anabolic steroids to its wrestlers, and Hogan was called to testify against his former boss, Vince McMahon. Due to his admission of drug abuse, Hogan was forced to end both his wrestling and film careers.

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Comeback: TV Show and Book

In 1996, Hogan stunned everyone by making a remarkable comeback to the wrestling ring. Re-inventing himself as “Hollywood Hogan,” the wrestler established himself as a villain and secured his popularity among wrestling fans once more. Hogan joined Ted Turner’s WCW (World Championship Wrestling) as part of the New World Order, a wrestling team that included Hogan, Kevin Nash, and Scott Hall. This infamous triumvirate garnered massive support from wrestling fans and, in the end, restored Hogan to his former glory.

In his autobiography, Hollywood Hulk Hogan, published in 2002, he detailed his experiences as a professional wrestler. In the reality series Hogan Knows Best, which premiered in the summer of 2005, he also gave viewers an inside look at his family life. The show followed Hogan and his wife Linda as they raised their adolescent children, daughter Brooke and son Nick.

The show was initially compared to veteran rocker Ozzy Osbourne’s hit reality show, The Osbournes. Hogan responded by dubbing his family “the anti-Osbournes.” Hogan was inducted into the World Wrestling Entertainment Hall of Fame the same year. His friend Stallone bestowed the honor upon him.

Hogan had a popular television show for four seasons. Viewers tuned in to see the famous wrestler deal with a variety of personal and parental issues, such as attending marriage counseling with his wife and reacting to his daughter’s dates. The most difficult situation, however, occurred off-screen.

Hogan’s son, Nick, was involved in a car accident in August 2007 that left his friend John Graziano critically injured. Three months later, law enforcement arrested Nick for his role in the accident. Nick pled no contest to a felony count of reckless driving in May 2008 and received an eight-month prison sentence. Linda Hogan, Hogan’s wife, filed for divorce around this time, seeking to end their 24-year marriage. Hogan told the press that he hoped to reconcile, but his wife later dismissed the idea.

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Other Projects

Despite his personal difficulties, Hogan excelled professionally. In January 2008, he was chosen to co-host the reality show American Gladiators with professional boxer Laila Ali. The show lasted two seasons.

Brooke Knows Best, a reality show hosted by Hogan and his daughter Brooke, premiered in July 2008.

Hogan took over as host and executive producer of Hulk Hogan’s Celebrity Championship Wrestling that fall. The show pits celebrities against one another in an attempt to determine who is the best celebrity wrestler. Danny Bonaduce, Todd Bridges, and Dennis Rodman were among the competitors.

Scandals

A sex tape of Hogan and Heather Clem, the then-wife of radio personality Bubba the Love Sponge, was leaked online in April 2012. Hogan and Clem both claimed they were unaware they were being filmed. Hogan sued the couple for invasion of privacy that fall, and a settlement was reached shortly after.

However, Hogan’s problems worsened when Gawker published a short clip of the sex tape in October 2012. The scandal’s ramifications grew when it was discovered that the tape contained anti-Black rants by the wrestler. Despite admitting to being “racist to a point,” Hogan quickly admitted he was mistaken and his racial slurs were regrettable. The WWE terminated Hogan’s contract in July 2015.

Radar Online exacerbated his problems by reporting that he used homophobic slurs on the sex tape and made racist remarks during a recorded phone call to his imprisoned son in 2008.

As a result of these scandals, several sponsors stopped doing business with Hogan and stopped selling the celebrity’s merchandise.

Hogan, who went by the legal name Terry Bollea in court, sued Gawker for defamation, invasion of privacy, and emotional distress, and a Florida jury awarded him $140 million in damages in March 2016. The invasion of privacy lawsuit, as well as other cases brought against the media company, were funded in part by Peter Thiel, the Silicon Valley billionaire who co-founded PayPal. Thiel’s homosexuality was the subject of a 2007 Gawker article. “It’s less about vengeance and more about specific deterrence,” Thiel told the New York Times. “I saw Gawker pioneer a novel and extremely damaging method of gaining attention by bullying people even when there was no connection to the public interest.”

The financial hit Gawker took as a result of the verdict contributed to the company filing for bankruptcy in June, and the company was sold to Univision in August 2016 through an auction for $135 million. Gawker and Hogan reached a $31 million cash settlement in November 2016, with Hogan also receiving proceeds from a possible future sale of Gawker.com.

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Personal Life

Hogan now lives in Clearwater, Florida. He married Jennifer McDaniel in 2010, after dating her since 2008.

Further Reading

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