The Hogans Spend a Hulking Amount of Money

Court documents show that Linda Hogan spends $7,000-plus a month on clothes, while Hulk's spending $38,316 in monthly legal fees

By Natalie Finn Sep 04, 2008 11:15 PMTags
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Forget headlocks and body slams. It's the bills that must have Hulk Hogan floored these days.

Newly released legal documents show that the American Gladiator host's estranged wife, Linda, has a serious shopping habit: She's spending $7,258 on clothing and $1,690 on jewelry each month.

At that rate, she should probably hope her hubby's net worth is actually $32.4 million, as he says it is, and not the $26.7 million that her camp has estimated, according to asset-detailing paperwork obtained by the St. Petersburg Times.

To keep herself in shape to don those dandy threads, Linda Bollea, whose 2007 income was listed as $188,158, has also been shelling out $801 per month for grooming purposes.

And she hasn't been neglecting the house, either, what with $7,502 being spent on monthly maid service and $2,464 going toward lawn and pool maintenance. Pet care costs $1,374.

The biggest numbers come in the legal department, with $17,840 going toward her attorneys and accountants each month.

That sum pales in comparison, though, to the $38,316 Hogan is spending each month on legal services. According to his court filing, his divorce proceedings alone had cost him $299,172.32 by mid-June.

The professional wrestler also had to foot the $126,357.91 bill for his son Nick's criminal defense on reckless driving charges, and he dropped $80,000 in June for a public relations firm's damage-control services.

Hogan also recently agreed to temporary monthly alimony of $40,000.

No wonder he's only spending $102 per month on man-tanks, bandannas and other clothing, as well as $1,824 per month on vacations—a fraction of his wife's monthly getaways, which come to $6,100.

Meanwhile, per Linda Bollea's filing, Hogan's income dropped from $4.7 million in 2006 to a mere $1.2 million in 2007, but he rebounded a bit this year and has taken in $2.5 million.

Hogan is also giving $5,000 per month to the family of John Graziano, the young man who was seriously injured while a passenger in Nick Bollea's car during his 2007 smashup, and puts $6,589 toward the monthly care of his elderly mother.

Among the family's assets: $12.9 million in their bank and brokerage accounts; their Belleaire, Fla., home said to be worth $7.3 million; a second home in Clearwater Beach, Fla., worth $1.9 million; $6.2 million in furniture; $218,685 million in jewelry; a powerboat and five water scooters; 14 cars and trucks, including a Rolls Royce and three Dodge Vipers; and eight two-wheel vehicles, including four Harleys.

A judge recently absolved Hogan of having to spend $4.2 million on a Las Vegas condo that he and his wife decided to buy in 2005 and that she still wanted as a Sin City crash pad.