There was a time when Hulk Hogan was a very popular and very well-regarded fixture of pop culture. After all he is often credited for bringing Pro Wrestling into the mainstream and giving it much of the success it has today. To some extent, this is still true, though his recent reputation has been marred by the revelation of racist remarks, which haven’t helped his moribund career. Still, if our sources are correct, Hulk Hogan remains a rich man with a current net worth of $25 million.
How Did Hulk Hogan Reach His Current Net Worth?
For those who are unfamiliar, Hulk Hogan started out as Terry Eugene Bollea, who was more interested in baseball than in wrestling as a child. Supposedly, he was good enough in Little League Baseball to get some attention from the scouts of MLB teams, but any hopes that he might have had of pursuing a career as a professional baseball player fell through when he was injured. Later, Bollea became interested in both wrestling and music, which is how he came to the attention of a couple of professional wrestlers at a performance and agreed to their request to give professional wrestling a chance.
In time, Bollea wound up in what was then called the WWF, where Vince McMahon gave him the last name Hogan. By that point in time, Bollea had already been using Hulk for some time, which can be traced to when he appeared in a talk show along with the actor who was playing the Incredible Hulk at the time, where it was revealed that he dwarfed his counterpart. As a result, Hulk Hogan came into existence before proceeding to become one of the best professional wrestlers of all time.
With that said, while Hulk Hogan tends to be best-known for being a professional wrestler, he has been involved in a wide range of other activities, which has been helped out by his personal charisma. For instance, he managed to catch the interest of Sylvester Stallone, who proceeded to cast him as Thunderlips in Rocky III. From that point on, Hulk Hogan continued to appear in movies as well as TV shows, which are in addition to his music, his reality TV shows, and his involvement with various video games.
Besides this, Hulk Hogan has also been involved in various businesses, though his record in this regard has been rather mixed on the whole. For example, he has opened a couple of restaurants that made extensive use of his image for promotional purposes. However, if their performances are any indication, his image has not been particularly useful in this regard. Likewise, Hulk Hogan has told a rather famous story about how the George Foreman grill endorsement deal was actually offered to him before it was offered to George Foreman, which turned out to have been a mistake in hindsight because while the infomercials were irritating, the produce line sold well. With that said, Hulk Hogan has sold a lot of products bearing his image, which have presumably contributed a lot to his net worth.
Unfortunately, Hulk Hogan revealed in 2011 that he had come very close to bankruptcy at one point in time. In part, this was because of his lavish lifestyle, which put a heavy burden on his finances. However, it should also be noted that Hulk Hogan went through a rather unpleasant divorce, with the result that he was left with around 30 percent of he and his ex-wife Linda Claridge’s liquid assets. According to Hulk Hogan, he considered committing suicide as a result of the process, though he was prevented from doing so by the intervention of Laila Ali, who had been his co-star on American Gladiators.
On top of this, it should be mentioned that Hulk Hogan’s finances took a hit from the revelation that he used racist language, which resulted in him being booted from the WWE as well as the removal of various products from various retailers who were not eager to associate themselves with that particular problem.
Summed up, there was a time that Hulk Hogan was even wealthier. Currently, he has been reinstated in the WWE Hall of Fame, but considering his age as well as other factors, it seems improbable that his career will see a revival anytime soon. However, no one can perfect the future with certainty, so that remains to be seen.