THANKS GAWKER! Hulk Hogan Picks Up PLUSH New Pad Compliments Of Settlement

Wrestler Hulk Hogan shelled out $1.6 million purchasing the house next door to his Florida home, after recently winning a huge payout from his lawsuit against now defunct gossip website Gawker.

Hulk, aka, Terry Gene Bolle, bought the plush four-bedroom, two-bathroom beachfront bungalow in August, reports say.

The 2,000 square foot home features a beachfront deck among the sand dunes and has panoramic beach views, according to the real estate listing. It is situated directly beside the 5,000 square foot, $3 million mansion he and his wife Jennifer bought back in 2014. That home, built in 2009, has five bedrooms and seven bathrooms. It features an elevator, a fireplace, two spas and a pool. Hogan certainly has money to spend after winning the Gawker lawsuit. He sued after the gossip site in 2012 published one minute, 41 second-long video of Hogan having sex with Heather Cole from back in 2007. Cole was married to Hogan’s best friend, radio host Bubba The Love Sponge, at the time. In March a jury awarded Hogan $55 million in compensatory damages and $60 million for emotional distress. h/t dailymail

Hogan was later awarded an additional $25 million in punitive damages over the video.

The judgement resulted in the Gawker filing for bankruptcy.