Money Inc. was a
professional wrestling
Professional wrestling, often shortened to either pro wrestling or wrestling,The term "wrestling" is most often widely used to specifically refer to modern scripted professional wrestling, though it is also used to refer to Real life, real- ...
tag team
Tag team wrestling is a type of professional wrestling in which matches are contested between teams of multiple wrestlers. Tag teams may be made up of wrestlers who normally wrestle in singles competition, but more commonly are made of establis ...
in the
World Wrestling Federation
World Wrestling Entertainment (WWE) is an American professional wrestling promotion. It is owned and operated by TKO Group Holdings, a majority-owned subsidiary of Endeavor Group Holdings. A global integrated media and entertainment company, ...
(WWF) from February 1992 to August 1993. The team consisted of
"Million Dollar Man" Ted DiBiase and
Irwin R. Schyster (I.R.S.). They held the
WWF Tag Team Championship WWF may refer to:
Computing and games
*WWF (file format), a campaign for unprintable PDF documents
*Windows Workflow Foundation, a software component of the .NET Framework
*''Words with Friends'', a mobile computer game franchise
Non-profit orga ...
three times, defeating the
Legion of Doom
The Legion of Doom is a group of supervillains who originated in '' Challenge of the Superfriends'', an animated series from Hanna-Barbera based on DC Comics' Justice League. The Legion of Doom has since been incorporated into the main DC Univers ...
,
the Natural Disasters
The Natural Disasters were a professional wrestling tag team composed of John Tenta, Earthquake (John Tenta) and Fred Ottman, Typhoon (Fred Ottman) who worked in the World Wrestling Entertainment, World Wrestling Federation between 1991 and 1993. ...
and
the Steiner Brothers
The Steiner Brothers are an American professional wrestling tag team consisting of brothers Rick Steiner (real name Robert Rechsteiner) and Scott Steiner (real name Scott Rechsteiner).
The brothers wrestled as amateurs at the University of Mich ...
for the title. In addition they had a feud with
the Mega-Maniacs (
Hulk Hogan
Terry Gene Bollea (; born August 11, 1953), better known by his ring name Hulk Hogan, is an American retired Professional wrestling, professional wrestler. He is signed to WWE as a brand ambassador. Known for his flamboyance and massive physiq ...
and
Brutus Beefcake
Edward Harrison Leslie (born April 21, 1957) is an American retired professional wrestler, best known for his work in the World Wrestling Federation (WWF, now WWE) under the ring name Brutus "the Barber" Beefcake. He later worked for World Champ ...
). After Money Inc. split up, DiBiase and Schyster were reunited in two
stables
A stable is a building in which working animals are kept, especially horses or oxen. The building is usually divided into stalls, and may include storage for equipment and feed.
Styles
There are many different types of stables in use tod ...
, the
Million Dollar Corporation and the
New World Order, and have made several television appearances during special episodes of ''
Raw''.
Career
Formation

Both DiBiase and Schyster had
gimmicks
A gimmick is a novel device or idea designed primarily to attract attention or increase appeal, often with little intrinsic value. When applied to retail marketing, it is a unique or quirky feature designed to make a product or service "stand ou ...
that focused on money. Schyster, whose initials spelled
I.R.S., portrayed an evil tax
accountant
An accountant is a practitioner of accounting or accountancy.
Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certif ...
. DiBiase had used the gimmick of an arrogant millionaire in the WWF since 1987. He called himself the "Million Dollar Man" and created his own championship belt, the
Million Dollar Championship.
He was involved in
angles
Angles most commonly refers to:
*Angles (tribe), a Germanic-speaking people that took their name from the Angeln cultural region in Germany
*Angle, a geometric figure formed by two rays meeting at a common point
Angles may also refer to:
Places ...
that included purchasing the
WWF Championship
The WWE Championship, also referred to as the Undisputed WWE Championship since April 2024, is a men's professional wrestling World championship (professional wrestling), world heavyweight championship created and promoted by the American profe ...
, purchasing actual people such as
Nikolai Volkoff
Josip Hrvoje Peruzović (October 14, 1947 – July 29, 2018), better known by his ring name Nikolai Volkoff, was a Croatian-Americans, Croatian-American professional wrestling, professional wrestler from Federal People's Republic of Yugoslavia, ...
and
Sapphire
Sapphire is a precious gemstone, a variety of the mineral corundum, consisting of aluminium oxide () with trace amounts of elements such as iron, titanium, cobalt, lead, chromium, vanadium, magnesium, boron, and silicon. The name ''sapphire ...
[ Sapphire began appearing in segments where she would do favors for DiBiase, including ironing his money.][ She left the WWF a short time later.,][ and paying wrestlers and fans to perform demeaning tasks. The WWF creative team decided that the two characters fit well together and made the decision to pair them together in late 1991. In February 1992, a storyline began in which ]Jimmy Hart
James Ray Hart (born January 1, 1944) is an American professional wrestling manager, executive, composer, and musician. He is signed to WWE in a Legends deal. He is best known for his work in WWE when it was still known as the World Wrestling ...
, who had been managing The Natural Disasters
The Natural Disasters were a professional wrestling tag team composed of John Tenta, Earthquake (John Tenta) and Fred Ottman, Typhoon (Fred Ottman) who worked in the World Wrestling Entertainment, World Wrestling Federation between 1991 and 1993. ...
(Earthquake
An earthquakealso called a quake, tremor, or tembloris the shaking of the Earth's surface resulting from a sudden release of energy in the lithosphere that creates seismic waves. Earthquakes can range in intensity, from those so weak they ...
and Typhoon
A typhoon is a tropical cyclone that develops between 180° and 100°E in the Northern Hemisphere and which produces sustained hurricane-force winds of at least . This region is referred to as the Northwestern Pacific Basin, accounting for a ...
), turned against his team. In return for a bribe, he gave his team's contract for a WWF Tag Team Championship WWF may refer to:
Computing and games
*WWF (file format), a campaign for unprintable PDF documents
*Windows Workflow Foundation, a software component of the .NET Framework
*''Words with Friends'', a mobile computer game franchise
Non-profit orga ...
match against Legion of Doom
The Legion of Doom is a group of supervillains who originated in '' Challenge of the Superfriends'', an animated series from Hanna-Barbera based on DC Comics' Justice League. The Legion of Doom has since been incorporated into the main DC Univers ...
(LOD) to Money Inc.
Tag Team Championships
DiBiase and Schyster, managed by Hart, defeated LOD at a house show
A house show (also commonly called a live event) is a professional wrestling event produced by a major Professional wrestling promotion, promotion that is not televised, though they can be recorded. Promotions use house shows mainly to cash in o ...
on February 7, 1992 in Denver
Denver ( ) is a List of municipalities in Colorado#Consolidated city and county, consolidated city and county, the List of capitals in the United States, capital and List of municipalities in Colorado, most populous city of the U.S. state of ...
, Colorado
Colorado is a U.S. state, state in the Western United States. It is one of the Mountain states, sharing the Four Corners region with Arizona, New Mexico, and Utah. It is also bordered by Wyoming to the north, Nebraska to the northeast, Kansas ...
, to win the title. This title win was unusual for professional wrestling, as Money Inc. had not yet debuted as a team on WWF television programming. In addition, the decision to give the championship belts to Money Inc. was made in a hurry, as LOD's Hawk
Hawks are birds of prey of the family Accipitridae. They are very widely distributed and are found on all continents, except Antarctica.
The subfamily Accipitrinae includes goshawks, sparrowhawks, sharp-shinned hawks, and others. This ...
had failed a drug test.[ The wrestlers were unaware until that night that the title would change hands, and Money Inc.'s win was not immediately acknowledged on television, as WWF programming was taped in advance.][ The Natural Disasters, upset by Hart's assistance to a rival tag team, fired Hart as their ]manager
Management (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or a government bodies through business administration, nonprofit management, or the political science sub-field of public administra ...
and turned face
The face is the front of the head that features the eyes, nose and mouth, and through which animals express many of their emotions. The face is crucial for human identity, and damage such as scarring or developmental deformities may affect th ...
, beginning a feud
A feud , also known in more extreme cases as a blood feud, vendetta, faida, clan war, gang war, private war, or mob war, is a long-running argument or fight, often between social groups of people, especially family, families or clans. Feuds begin ...
with Money Inc. over the WWF Tag Team Championship.
Not wanting to carry two championship belts, Ted DiBiase returned the Million Dollar Championship to the WWF, telling an executive that he would no longer appear with the belt. Money Inc. defended their tag team title against The Natural Disasters at WrestleMania VIII
WrestleMania VIII was a 1992 professional wrestling pay-per-view (PPV) event produced by the World Wrestling Federation (WWF, now WWE). It was the eighth annual WrestleMania and took place on April 5, 1992, at the Hoosier Dome in Indianapolis, ...
on April 5 and lost the match by countout
Professional wrestling, often shortened to either pro wrestling or wrestling,The term "wrestling" is most often widely used to specifically refer to modern scripted professional wrestling, though it is also used to refer to real-life wrest ...
. Because titles can only change hands via pinfall or submission
Deference (also called submission or passivity) is the condition of submitting to the espoused, legitimate influence of one's superior or superiors. Deference implies a yielding or submitting to the judgment of a recognized superior, out of re ...
, Money Inc. retained the belts. Over the next few months, the teams faced each other in rematches on television and at house shows, but Money Inc. managed to retain the title.
After Hawk's suspension ended, the Legion of Doom was given a rematch against Money Inc. at SummerSlam 1992. The match was promoted as a championship bout, but the Natural Disasters beat Money Inc. for the title a month before the pay-per-view.[ At SummerSlam on August 29, the Legion of Doom won the match when ]Animal
Animals are multicellular, eukaryotic organisms in the Biology, biological Kingdom (biology), kingdom Animalia (). With few exceptions, animals heterotroph, consume organic material, Cellular respiration#Aerobic respiration, breathe oxygen, ...
pinned DiBiase.
At the October 13, 1992 ''Wrestling Challenge
''WWF Wrestling Challenge'' is a professional wrestling television show that was produced by the World Wrestling Federation (WWF, now known as WWE). It was syndicated weekly and aired from 1986 to 1995. The show became simply known as ''WWF C ...
'' taping, Money Inc. faced The Natural Disasters in a rematch for the WWF Tag Team Championship. The match originally pitted the Disasters against the Nasty Boys
The Nasty Boys are a professional wrestling tag team consisting of Brian Knobbs and Jerry Sags. The team were active from the mid-1980s through the 1990s. Their gimmick was that of anti-social punks who specialized in hardcore wrestling and ...
, who were also managed by Hart, but at the last minute, Hart replaced them with Money Inc. Because of this, the Nasty Boys split with Hart and attacked Money Inc. before the match. Later on, the Headshrinkers
In professional wrestling, the Samoan SWAT Team was a tag team comprising Juicy Finau and Lance Anoa'i, who work in Major League Wrestling (MLW), where they are former MLW World Tag Team Champions.
The original Samoan SWAT Team primarily compri ...
interfered on behalf of Money Inc. and helped DiBiase make Earthquake submit to the Million Dollar Dream, thereby winning Money Inc. the Championship.[ After the match, the Nasty Boys again attacked Jimmy Hart.][ At the 1992 Survivor Series on November 25, Money Inc. and the ]Beverly Brothers
The Beverly Brothers were a professional wrestling tag team comprising Mike Enos and Wayne Bloom in the World Wrestling Federation. They were also known as The Destruction Crew in the American Wrestling Association and the Minnesota Wrecking Cre ...
faced the Nasty Boys and the Natural Disasters in an 8-man elimination tag team match. During the match, Money Inc. eliminated the Natural Disasters, but Jerry Sags of the Nasty Boys then pinned I.R.S. to win the match.[ This was the only major victory The Nasty Boys got over Money Inc., as they failed to win the tag team title in several shots on television and at house shows in late 1992 into early 1993.][
]
Feud with The Mega-Maniacs
On the February 15, 1993 airing of ''Monday Night Raw
''WWE Raw'', also known as ''Monday Night Raw'' or simply ''Raw'', is an American professional wrestling television program produced by WWE. It currently airs live every Monday at 8 p.m. Eastern Time (ET) on Netflix. The show features character ...
'', Ted DiBiase wrestled against Brutus "The Barber" Beefcake. Beefcake had sustained a real-life injury to his face in 1990. While Beefcake was wrestling his first match in two and a half years, DiBiase and Schyster attacked him.[ DiBiase held Beefcake for Schyster to hit him in the face with a briefcase, but Jimmy Hart repeatedly got in the way before Schyster shoved him out of the ring.][ I.R.S. then hit Beefcake in the face with the briefcase.][ Hart justified his ]face
The face is the front of the head that features the eyes, nose and mouth, and through which animals express many of their emotions. The face is crucial for human identity, and damage such as scarring or developmental deformities may affect th ...
turn by claiming that he felt the need to "step up and do the right thing" and that he "had a change of heart".
Shortly thereafter, Hulk Hogan
Terry Gene Bollea (; born August 11, 1953), better known by his ring name Hulk Hogan, is an American retired Professional wrestling, professional wrestler. He is signed to WWE as a brand ambassador. Known for his flamboyance and massive physiq ...
made his return to WWF television, and he teamed with Beefcake to form The Mega-Maniacs with Hart as their manager.[ Hogan and Beefcake challenged Money Inc. for the WWF Tag Team Championship at ]WrestleMania IX
WrestleMania IX was a 1993 professional wrestling pay-per-view (PPV) List of WWE pay-per-view events, event produced by the World Wrestling Federation (WWF, now WWE). It was the ninth annual WrestleMania and took place on April 4, 1993, at Caesar ...
. During the match, the referee
A referee is an official, in a variety of sports and competition, responsible for enforcing the rules of the sport, including sportsmanship decisions such as ejection. The official tasked with this job may be known by a variety of other title ...
sustained a kayfabe
In professional wrestling, kayfabe (pronounced ) is the portrayal of staged events within the industry as "real" or "true", specifically competition, rivalries, and relationships between participants. The term has evolved to become a code word ...
injury and was knocked unconscious. Hart jumped into the ring, turned his jacket inside-out to reveal black and white stripes similar to a referee's shirt, and made the three-count to give the match to The Mega-Maniacs. Hogan, Beefcake, and Hart celebrated by opening Schyster's briefcase and throwing his money into the crowd.[ A second referee (Danny Davis) then appeared, and the Mega-Maniacs were disqualified because Hogan had used Beefcake's steel face protector as a weapon.][
]
Final Tag Team Championship
Money Inc. feuded with The Steiner Brothers
The Steiner Brothers are an American professional wrestling tag team consisting of brothers Rick Steiner (real name Robert Rechsteiner) and Scott Steiner (real name Scott Rechsteiner).
The brothers wrestled as amateurs at the University of Michi ...
in the spring of 1993. At the 1993 King of the Ring, The Steiner Brothers and The Smokin' Gunns defeated Money Inc. and The Headshrinkers in an 8-man tag team match. The following day, June 14, 1993, the Steiners defeated Money Inc. for the WWF Tag Team Championship.[ Two days later, Money Inc. regained the titles,][ only to drop them back to the Steiners three days later.][ Although Money Inc. received several rematches, they were unable to win the belts back from the Steiners.]
After failing to regain the WWF Tag Team Championship, Money Inc. began a feud with Razor Ramon
Scott Oliver Hall (October 20, 1958 – March 14, 2022) was an American professional wrestler. He was best known for his tenures with World Championship Wrestling (WCW) under his real name and with the World Wrestling Federation (WWF, now WWE ...
. DiBiase had been making fun of Ramon over his upset loss to the 1-2-3 Kid, and even offered Ramon a job as his servant
A domestic worker is a person who works within a residence and performs a variety of household services for an individual, from providing cleaning and household maintenance, or cooking, laundry and ironing, or care for children and elderly ...
.[ Ramon was furious with DiBiase and turned face during their feud.][ Soon after, Ramon distracted DiBiase in a match against the 1-2-3 Kid, causing the Million Dollar Man an embarrassing loss of his own.][ At SummerSlam 1993, Razor Ramon defeated Ted DiBiase in what would be DiBiase's last WWF match.] Later in the event, I.R.S. defeated the 1-2-3 Kid.[ DiBiase went on a leave of absence for several months,] and Schyster returned to singles competition, feuding with Ramon.[ After a brief run in All Japan Pro Wrestling, DiBiase retired as an active wrestler.
]
Reunions
Mike Rotunda, who portrayed Schyster, and Ted DiBiase continue to be close friends in real life, and they have reunited on several occasions following the disbanding of Money Inc. In 1994, DiBiase formed the Million Dollar Corporation, a stable
A stable is a building in which working animals are kept, especially horses or oxen. The building is usually divided into stalls, and may include storage for equipment and feed.
Styles
There are many different types of stables in use tod ...
of heel wrestlers. Schyster was one of the first wrestlers to join the group and remained in the stable until leaving the WWF in 1995.[ According to wrestler Tatanka, Rotunda's brother in-law ]Barry Windham
Barry Clinton Windham (born July 4, 1960) is an American retired professional wrestler. The son of wrestler Blackjack Mulligan, he is best known for his appearances with the National Wrestling Alliance (NWA) and the World Wrestling Federation (W ...
(whom Rotunda was in the U.S. Express with in the 1980s) was supposed to return to the WWF and form the "New Money Inc." and again team with Schyster and have a long feud with Windham's long time rival Lex Luger
Lawrence Wendell Pfohl (born June 2, 1958), better known by the ring name Lex Luger, is an American retired Professional wrestling, professional wrestler, bodybuilder, and gridiron football player. He is best known for his work with Jim Crocke ...
and Tatanka who Schyster was feuding with and Schyster and Windham were gonna be managed by DiBiase, but Windham suffered a knee injury from Ric Flair
Richard Morgan Fliehr (born February 25, 1949), known professionally as Ric Flair, is an American retired professional wrestler. Widely regarded as one of the greatest professional wrestlers of all time, Flair's career spanned 50 years.
He is ...
in WCW which forced him out of the deal.
In 1996, DiBiase and Rotunda (the latter as V.K. Wallstreet) were briefly together again in World Championship Wrestling
World Championship Wrestling (WCW) was an American professional wrestling promotion founded by Ted Turner in 1988, after Turner Broadcasting System, through a subsidiary named Universal Wrestling Corporation, purchased the assets of National W ...
as members of the New World Order.
Money Inc. made a surprise one-night return at Raw Family Reunion
A family reunion is an occasion when many members of an extended family congregate. Sometimes reunions are held regularly, for example on the same date of every year.
A typical family reunion will assemble for a meal, some recreation and discuss ...
on October 9, 2006. They joined Arn Anderson
Martin Anthony Lunde (born September 20, 1958), better known by his ring name Arn Anderson, is an American professional wrestling Glossary of professional wrestling terms#Agent, road agent, author, and retired professional wrestler. Although he ...
and Rowdy Roddy Piper to assist Ric Flair
Richard Morgan Fliehr (born February 25, 1949), known professionally as Ric Flair, is an American retired professional wrestler. Widely regarded as one of the greatest professional wrestlers of all time, Flair's career spanned 50 years.
He is ...
, who was facing Mitch. They prevented the rest of Mitch's Spirit Squad from getting involved in the match, helping Flair secure the victory.
At the 15th Anniversary special edition of ''Monday Night Raw'' on December 10, 2007, Money Inc. had a brief reunion during a 15-man over-the-top-rope battle royal
Battle royal (, also battle royale) traditionally refers to a fight involving many combatants, usually conducted under either boxing or wrestling rules, where the winner is the one who registers the most wins. In recent times, the term has been ...
. After I.R.S. was the last man standing out of the 14 wrestlers that made it to the ring, DiBiase came out as the 15th entrant and paid I.R.S. to eliminate himself. As a result, DiBiase was named the winner of the match. They were also reunited on an episode of RAW in 2010 where they fought with fellow legends after a match between DiBiase's son Ted DiBiase
Theodore Marvin DiBiase Sr. (; born January 18, 1954) is an American retired professional wrestler, manager, and color commentator. He is signed to WWE as of 2024, where he works in their Legends program. DiBiase achieved championship succ ...
and Christian
A Christian () is a person who follows or adheres to Christianity, a Monotheism, monotheistic Abrahamic religion based on the life and teachings of Jesus in Christianity, Jesus Christ. Christians form the largest religious community in the wo ...
.
Championships and accomplishments
*World Wrestling Federation
World Wrestling Entertainment (WWE) is an American professional wrestling promotion. It is owned and operated by TKO Group Holdings, a majority-owned subsidiary of Endeavor Group Holdings. A global integrated media and entertainment company, ...
**WWF Tag Team Championship WWF may refer to:
Computing and games
*WWF (file format), a campaign for unprintable PDF documents
*Windows Workflow Foundation, a software component of the .NET Framework
*''Words with Friends'', a mobile computer game franchise
Non-profit orga ...
( 3 times)[
*'']Pro Wrestling Illustrated
''Pro Wrestling Illustrated'' (''PWI'') is an American professional wrestling magazine that was founded in 1979 by publisher Stanley Weston. ''PWI'' is headquartered in Blue Bell, Pennsylvania, and published by Kappa Publishing Group. The maga ...
''
**PWI ranked them No. 61 of the 100 best tag teams during the "PWI Years" in 2003
See also
* The Million Dollar Corporation
*New World Order (professional wrestling)
The New World Order (commonly abbreviated as nWo) was an American professional wrestling group who originally consisted of "Hollywood" Hulk Hogan, Scott Hall, and Kevin Nash.
The stable originated in World Championship Wrestling (WCW) with the ...
* The U.S. Express
* The York Foundation
References
External links
*
*
{{good article
Championship-winning tag teams (WWE)
WWE teams and stables