Hulk Hogan takes financial beating from ex-wife

The 58-year-old semi-retired wrestler has been left on the ropes following his divorce settlement with ex-wife Linda Bollea.

According to new reports, Hogan’s 52-year-old ex received more than 70 per cent of the couple’s cash following their 2009 split, after 26 years of marriage.

Hogan, real name Terry Bollea, also agreed to give her 40 per cent ownership in his various companies and pay her an additional £2million from their properties.

However, the former wrestling champion will not have to pay her any alimony or spousal support.

The pair’s confidential financial settlement was revealed when it was attached to a new motion filed by Hogan’s lawyers this week.

Details from the settlement show Linda received £4.8m of the couple's £6.7m that was held in bank and investment accounts. Hogan has been left with the remaining £2.1m.

But he will reportedly get to keep all money he makes from personal appearances and sales of his book, My Life Outside The Ring.

Details of their settlement were made public because of an on-going dispute over the amount Hogan owes Linda from his company revenues.

His lawyers argue that a judge’s order has wrongly directed him to give up 40 per cent of gross revenues, whereas, they claim, the agreement had stipulated the percentage was to come from net revenues.