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Report: Hulk Hogan's ex receives 70 per cent of assets

Hulk Hogan poses for a portrait Wednesday, Oct. 28, 2009 in New York. (AP / Jeff Christensen)
Hulk Hogan poses for a portrait Wednesday, Oct. 28, 2009 in New York. (AP / Jeff Christensen)

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Date: Thursday Nov. 24, 2011 8:56 AM ET

CLEARWATER, Fla. — 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 per cent of the couple's liquid assets in their divorce settlement.

He agreed to give his ex-wife 40 per cent ownership in his various companies and pay her an additional $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 $7.44 million of the couple's $10.41 million that was held in bank and investment accounts. Terry Bollea will not pay his ex-wife alimony.

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