It's been a tough couple of years for the former World Wresting Federation (WWE) star, following a widely publicized sex tape in 2012 and his ensuing legal woes with Gawker Media, all of which have taken a toll for Hulk Hogan's net worth - but he might have bigger concerns money-wise these days.

While already getting Hulk Hogan's net worth diminished over lawyer work for his defamation lawsuit against Gawker, the retired wrestler and VH1 reality television personality was recently caught in another scandal, as a tape of himself saying a majorly insensitive slur came out, which in turn caused understandable lack of support.

According to BBC, Hulk Hogan's net worth might be on a nosedive now, as WWE recently terminated its contract with the retired star following the leak, even after Hogan, whose real name is Terry Bollea, publicly apologized after the leak.

"Eight years ago I used offensive language during a conversation," Hogan said in a statement to People Magazine. "It was unacceptable for me to have used that offensive language; there is no excuse for it; and I apologize for having done it. I am disappointed with myself that I used language that is offensive and inconsistent with my own beliefs."

However much this may affect Hulk Hogan's net worth, in fact the reality star has said that it wasn't that WWE fired him but rather that he decided to quit amid the major controversy; WWE has reiterated that it was them who fired the former wrestler.

In any case, the contractual rupture affects Hulk Hogan's net worth directly, as, although he's one of the most iconic figures in WWE history (with the term "Hulkamania" being created in his honor), his name and likeness has entirely disappeared from the federation's website.

According to Forbes, the WWE's stocks dropped almost 4 percent in one day after the announcement, depreciating the federation for about $50 million.

In the meantime, Hogan's battle with Gawker continues.

Currently, Celebrity Net Worth lists Hulk Hogan's net worth as $8 million.