Hulk Hogan May End Up Winning More Money From Gawker, How Much Is Gawker Worth?
Hulk Hogan made headlines this week, as he won a $115 million judgment against Gawker for posting a trailer of a sex tape recorded without his knowledge. Although Gawker has filed an appeal, Hogan could actually still win more money.
The jury for the Hogan vs. Gawker trial will return Monday morning in an effort to determine if any punitive damages should be awarded to the WWE Hall of Famer. Often, punitive damages are significant.
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As mentioned, Gawker is in the process of filing an appeal, but may still have to pay a bond fee of $50 million.
Gawker's attorneys will likely make an attempt to settle with Hogan, if he were willing to do so. Another option that Gawker has is filing for bankruptcy, although Hogan could still collect whatever money the company has left.
It is said that Gawker has a net revenue of nearly $45 million per year, with a net worth of at least $250 million, according to Heavy.com.
joem49er contributed to this article.