In the world of professional wrestling, few names loom as large as Hulk Hogan. Born Terry Gene Bollea on August 11, 1953, Hogan became a global icon in the 1980s and 1990s, headlining WWE events, starring in movies, and even launching his own reality TV show. His larger-than-life persona, complete with the signature mustache, bandana, and “Hulkamania” catchphrases, made him a household name. Tragically, on July 24, 2025, Hogan passed away at the age of 71 from a heart attack in his Clearwater, Florida home. His death sent shockwaves through the entertainment and sports worlds, with tributes pouring in from fellow wrestlers like The Rock and John Cena, as well as figures like former President Donald Trump.

But amid the grief, a peculiar story emerged about Hogan’s third wife, Sky Daily. Just days after his passing, reports surfaced that Daily had discarded her lavish $500,000 wedding ring—a symbol of their whirlwind romance and 2023 marriage. Why would she part with such an extravagant piece of jewelry so soon after losing her husband? The answer, according to viral social media posts and insider accounts, lies in the immense value of what she inherited. Compared to the three major assets left to her in Hogan’s estate, the ring paled in significance, rendering it “too cheap” in her eyes. This tale, blending heartbreak, wealth, and family drama, has captivated fans and sparked debates about legacy and loyalty.

Hogan and Daily’s love story began in early 2022, shortly after his divorce from second wife Jennifer McDaniel. Daily, a 45-year-old yoga instructor and mother of three from a previous relationship, met Hogan at a mutual friend’s event. Their connection was instant; Hogan proposed in July 2023 with a six-carat diamond engagement ring valued at around $100,000, part of a $500,000 jewelry set for their wedding. They tied the knot in a low-key ceremony in Clearwater on September 22, 2023, attended by close family—though notably absent was Hogan’s daughter, Brooke, signaling early tensions. The couple’s union seemed idyllic, with Hogan often crediting Daily for bringing stability to his life after years of health struggles, including multiple back surgeries and hip replacements.

Hogan’s net worth at the time of his death was estimated at $25 million, amassed from wrestling royalties, endorsements, reality TV, and ventures like his Real American Beer brand. Under Florida law, as his surviving spouse, Daily is entitled to at least 30% of his elective estate, regardless of the will’s specifics—unless a prenuptial agreement states otherwise. Reports suggest Hogan’s estate plan favored Daily, potentially leaving her with far more. In the hours following his death, Daily reportedly took swift action to secure the assets, making “three shocking moves” to protect the fortune from potential claims by Hogan’s estranged children from his first marriage. These moves included shutting down health rumors, transferring assets into trusts accessible only to her and her children, and blocking legal challenges from Brooke and Nick Hogan.

The three inheritances Daily received, which allegedly made the $500,000 ring seem insignificant, are tied directly to Hogan’s most valuable holdings. First and foremost is the Clearwater Beach mansion, a sprawling waterfront property in Florida where the couple resided. Valued at several million dollars, this home was not just a residence but a symbol of Hogan’s success, featuring luxurious amenities and ocean views. It’s part of Hogan’s real estate portfolio, which Daily now controls through trusts set up post-death. Insiders claim this asset alone dwarfs the ring’s value, providing Daily with a secure, high-end lifestyle.

Second, Daily inherited Hogan’s business ventures, a diverse array of income streams built over decades. This includes royalties from WWE, where Hogan was a six-time champion and Hall of Famer, as well as earnings from his music catalog (like the 1995 album Hulk Rules), endorsements, and the aforementioned beer brand. Hogan’s brand was worth millions in licensing deals, and Daily’s control over these could generate ongoing revenue. Reports indicate she moved WWE shares and endorsement rights into protected trusts, ensuring they benefit her and her three children. With Hogan’s legacy still generating income—think merchandise and media appearances—these ventures represent a perpetual fortune far exceeding any single piece of jewelry.

The third inheritance encompasses “other holdings,” a catch-all for Hogan’s investments, cash reserves, and personal assets totaling the bulk of his $25 million estate. This might include stocks, savings, and memorabilia from his wrestling career, such as championship belts and collectibles. Under Florida’s spousal elective share, Daily is guaranteed at least a third of these, but sources suggest Hogan’s will left her even more, potentially the lion’s share. Combined, these assets provide financial security that renders the ring—a mere $500,000—disposable in comparison.

This decision to “throw away” the ring has fueled speculation. Was it a literal act of grief, or a symbolic gesture amid the family feud? Hogan’s relationship with his children was strained; daughter Brooke, 37, has been estranged for years and reportedly won’t receive a cent, having distanced herself due to differing values. Son Nick, 35, may inherit partially but faces blocks from Daily’s trusts. Brooke’s husband publicly addressed the drama, calling out “disturbing” AI videos and emphasizing private grieving. Meanwhile, Hogan’s ex-wives—Linda (first) and Jennifer (second)—received settlements from past divorces but nothing from this estate.

Critics accuse Daily of moving too quickly, locking down the estate within hours to prevent claims. Supporters argue she was protecting Hogan’s wishes, especially given his health decline. Daily posted an emotional tribute on social media, revealing Hogan’s “health issues” and expressing heartbreak. Yet, the ring incident underscores how wealth can complicate mourning.

Hulk Hogan’s death marks the end of an era, but his estate battle ensures his story continues. From wrestling rings to legal rings, the drama highlights the complexities of fame, family, and fortune. As Daily navigates her new reality with assets worth millions, the discarded ring serves as a poignant reminder: some things are priceless, but others are simply outvalued.