"There are houses being bought, and cars being bought, and vacations for family members. … There was eight, nine, $10 million, $11 million going out, so it got way off," he said.
Asked about the state of his finances now, he said he was "living in a rental house," but that he was "living in abundance."
"I'm happy now … I'm just so grateful," he said.
For now, he's focusing on what Hogan knows best: wrestling.
His new show, "Hulk Hogan's Micro Championship Wrestling," features dwarves wrestling. The slogan? "Half the size, twice the violence."
"The show takes off in a direction that most people don't think about. After they leave the ring, to reach a doorknob or to go into a public restroom and use the sink or can't see themselves in the mirror," he said of the wrestlers in his show. "Or the fact that they have normal size wives and normal size kids … Just little people in the real world."