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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
Arts & EntertainmentHulk Hogan

Why the WWE just fired Hulk Hogan

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
July 24, 2015, 1:13 PM ET
Hulk Hogan's Hulkamania Tour Hits Perth
Photograph by Paul Kane — Getty Images
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World Wrestling Entertainment severed ties with Terry Bollea (better known as Hulk Hogan) Friday due to alleged racist comments he made recently.

Business Insider reported that his profile page was removed from WWE.com, and that the pro wrestler’s merchandise has been removed from its online store. The organization has taken him off its online Hall of Fame, too.

The WWW released a statement blasting Hogan for making insensitive remarks in an audio file that was recently released: “WWE terminated its contract with Terry Bollea (aka Hulk Hogan). WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide,” it said.

Hogan released a statement to People.com about using racist language in the past:

Eight years ago I used offensive language during a conversation. It was unacceptable for me to have used that offensive language; there is no excuse for it; and I apologize for having done it.

This is not who I am. I believe very strongly that every person in the world is important and should not be treated differently based on race, gender, orientation, religious beliefs or otherwise. I am disappointed with myself that I used language that is offensive and inconsistent with my own beliefs.

Hogan has also been embroiled in a controversy over a sex tape in which he’s featured and that Gawker Media published in 2012.

Hogan tweeted this message to his fans:

In the storm I release control,God and his Universe will sail me where he wants me to be,one love. HH

— Hulk Hogan (@HulkHogan) July 24, 2015

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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