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Divorce papers reveal Bolleas' high-maintenance ways

By Jonathan Abel, Times Staff Writer
In print: Friday, September 5, 2008

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Linda Bollea, the estranged wife of Hulk Hogan, spends $7,258 on clothing, $7,502 on maid service and $1,690 on jewelry.

Each month.

Her husband, whose legal name is Terry Bollea, reports impressive monthly expenses, too, none greater than the $38,616 he spends on legal fees.

The figures come from financial affidavits recently filed in divorce court that lay out the consumption habits of the rich and famous Pinellas County family.

Terry Bollea's net worth: $32.4-million according to him, $26.7-million according to her.

They own a Belleair mansion ($7.3-million) and a Clearwater Beach house ($1.9-million) — with ample furnishings ($6.2-million). The bank and brokerage accounts total $12.9-million.

They own — with their two children — two powerboats, four Yamaha scooters, four Harley-Davidson motorcycles, five water scooters and 14 cars and trucks, including a Rolls-Royce.

And they'll look good, too, with $218,685 in jewelry.

Linda Bollea, 49, a self-described homemaker and reality show actor, brings in $650 an episode for the VH-1 show Hogan Knows Best. In 2007, her total income was $188,158, which includes interest from investments, according to the filings. The couple recently agreed that she would get temporary alimony payments of $40,000 per month.

Linda Bollea doles out $2,464 on lawn and pool maintenance each month, $1,374 in pet expenses, $801 more in grooming and $102 on postage and stationery. Her legal and accounting fees total $17,840 a month.

She also spends $6,100 on vacations each month.

Terry Bollea, a 55-year-old professional wrestler, entertainer and businessman, lists his 2006 income as $4.7-million. That dropped to $1.2-million in 2007, according to his wife's filings, and then bounced back to $2.5-million in 2008, Linda Bollea's statement said.

He reports spending $102 per month on clothing and $1,824 a month on vacations.

He really gets socked by his mounting accounting and legal bills:

• $126,357 so far for the criminal defense of his son, Nick, who crashed his car into a tree in Clearwater last year, severely injuring his passenger, John Graziano. Nick pleaded no contest to reckless driving and is serving an eight-month sentence.

• $80,000 to Sitrick and Co., a crisis public relations firm.

• $299,172 to his divorce attorneys, as of early this summer.

He also spends $6,589 each month to care for his mother and at the time of the filing was giving $5,000 a month to the Graziano family.

Attorneys Kimberly Kohn and George Tragos, who are suing the Bolleas on behalf of John Graziano, said these financial statements may very well be incomplete and actually underestimate the family's net worth.

"These currently are not numbers we intend on relying upon," Kohn said.

The next divorce hearing is scheduled for Monday at noon.

Jonathan Abel can be reached at jabel@sptimes.com or (727) 445-4157.