Source: news.marvel.com

4. Hobgoblin

Hands down, the most underrated Spider-Man villain. Like, NO ONE gives Hobgoblin the credit he deserves.

The mystery of the Hobgoblin is in itself respectable, just for taking YEARS to be revealed due to numerous factors that were out of the hands of the creators. But the first Hobgoblin was Roderick Kingsley, a fashion designer with criminal connections throughout New York. Kingsley discovered a cache of abandoned Green Goblin equipment and modified it, turning himself into"¦The Hobgoblin.

As the Hobgoblin, he tussled with Spider-Man a number of times. He never won, but never had his identity revealed, either.  He even managed to make Flash Thompson and Ned Leeds both take the fall for being the Hobgoblin. Years later, he returned to the identity and was exposed when he killed his successor, Jason Macendale, the Jack O'Lantern-turned-second Hobgoblin. In recent years, Kingsley made an empire selling established super villain identities to new upstarts.

After all, it’s good to be the King.