Hulk Hogan became $115 million richer after his victory against Gawker, an online news site that will have to cough up an initial installment of $50million about a month from when the punitive damages are decided next week in court.
The pro-wrestler was awarded the sum in damages by a jury in Florida after the website posted a leaked sex video that showed him engaging in intercourse with his best friend’s wife.
The jury awarded Hogan $55million for economic injuries and $60million for emotional distress.
Hogan broke down in tears in the courtroom as the foreman read the jury’s verdict.
He confessed to the New York Post that Gawker founder Nick Denton “scared the hell out of me.”
“Denton and I had a stare-down. He scared me staring at me, man. He just sat there staring. It was right after his cross-examination. He stood up and stared. It was like he was going to call me out at ‘Wrestlemania,’ Yikes!”
Hogan also revealed that Denton had offered a large amount of money” to settle but decided against it because, “if I put my tail between my legs, if I take the money but don’t tell the truth or I don’t face [the situation], I’m not going to be able to live with myself. I knew how unhappy I would be. I told my wife, I said, ‘Jennifer, I just got to follow my heart,’ “ Hogan said.
Gawker will appeal the case, but under Florida law will have to hand over at least $50million in monetary damages and if Hogan defeats their appeal they will hand over the rest of the money whenever the case is settled.
If Gawker cannot afford the bond, then they can still ask the courts to grant a stay or to lower the bond. The decision will be up to the court’s discretion,