Hulk Hogan reaches divorce settlement
Thu, 24 Nov 2011 9:58a.m.
Court records show a financial settlement has been agreed upon between wrestler Terry Bollea - better known as Hulk Hogan - and his ex-wife.
The St. Petersburg Times reports Linda Bollea received a little more than 70 percent of the couple's liquid assets in their divorce settlement.
He agreed to give his ex-wife 40 percent ownership in his various companies and pay her an additional US$3 million property settlement. Linda Bollea filed for divorce in 2009.
The settlement was confidential but came to light this week after it was attached to a new motion filed in court records.
The paper reports Linda Bollea received US$7.44 million of the couple's US$10.41 million that was held in bank and investment accounts. Terry Bollea will not pay his ex-wife alimony.
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