It has taken more than four years for Hulk Hogan and his estranged wife Linda Bollea to reach a financial settlement.
Hogan, whose real name is Terry Bollea, agreed to give his ex-wife 40 percent ownership of his companies as well as more than 70 percent of their liquid assets.
In addition, Linda will also receive $3 million in a property settlement, according to the St Petersburg Times. The paper states that Linda received $7.44million of the couple’s $10.41million which was held in bank accounts.
The court records show that Hogan will not pay his ex-wife any maintenance money. The couple split in 2007 after claims emerged that Hogan had enjoyed an affair with Christiane Plante.
After filing for divorce, Linda began dating Charlie Hill, who was 19-years-old at the time.
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In 2008, Hogan began dating Jennifer McDaniel and the couple married in December 2010.
In September, the former wrestling star revealed how he blew hundreds of millions on a lavish lifestyle during his glory years. Hogan admitted he was now living in a rented home having slashed the price of his Florida mansion by $16 millon to get it off the market.