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Money Inc. was a
professional wrestling Professional wrestling is a form of theater that revolves around staged wrestling matches. The mock combat is performed in a ring similar to the kind used in boxing, and the dramatic aspects of pro wrestling may be performed both in the ring o ...
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 establish ...
in the
World Wrestling Federation World Wrestling Entertainment, Inc., d/b/a as WWE, is an American professional wrestling promotion. A global integrated media and entertainment company, WWE has also branched out into other fields, including film, American football, and vario ...
(WWF) from February 1992 to August 1993. The team consisted of "Million Dollar Man" Ted DiBiase and
Irwin R. Schyster Lawrence Michael Rotunda (born March 30, 1958) is an American retired professional wrestler. He is best known for his appearances with the World Wrestling Federation and World Championship Wrestling in the 1980s and 1990s under the ring names Mik ...
(I.R.S.). They held the
WWF Tag Team Championship The World Tag Team Championship was the original professional wrestling world tag team championship in the World Wrestling Entertainment (WWE) promotion, and the promotion's third tag team championship overall. Originally established by the then- ...
three times, defeating the
Legion of Doom The Legion of Doom is a group of supervillains who originated in ''Challenge of the Super Friends'', 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 Earthquake (John Tenta) and Typhoon (Fred Ottman) who worked in the World Wrestling Federation between 1991 and 1993. They won the WWF Tag Team Championship once. Formatio ...
and
the Steiner Brothers The Steiner Brothers are an American professional wrestling tag team consisting of brothers Robert "Rick Steiner" Rechsteiner and Scott "Scott Steiner" Rechsteiner. The brothers wrestled as amateurs at the University of Michigan. The team ma ...
for the title. In addition they had a feud with
the Mega-Maniacs The Mega-Maniacs was the World Wrestling Federation tag team of Hulk Hogan and Brutus "The Barber" Beefcake that had two distinct runs as a team, one in 1989 and another one in 1993. History Hulk Hogan and Brutus Beefcake began their careers mor ...
(
Hulk Hogan Terry Eugene Bollea (; born August 11, 1953), better known by his ring name Hulk Hogan, is an American retired professional wrestler. He is widely regarded as the most recognized wrestling star worldwide and the most popular wrestler of the 19 ...
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) under the ring name Brutus "The Barber" Beefcake. He later worked for World Championship ...
). After Money Inc. split up, DiBiase and Schyster were reunited in two
stables A stable is a building in which livestock, especially horses, are kept. It most commonly means a building that is divided into separate stalls for individual animals and livestock. There are many different types of stables in use today; the ...
, the
Million Dollar Corporation The Million Dollar Corporation was a professional wrestling stable in the World Wrestling Federation (WWF) from April 1994 to May 1996 and was led and managed by the "Million Dollar Man" Ted DiBiase. DiBiase had retired from active competition aft ...
and the New World Order, and have made several television appearances during special episodes of ''
Raw Raw is an adjective usually describing: * Raw materials, basic materials from which products are manufactured or made * Raw food, uncooked food Raw or RAW may also refer to: Computing and electronics * .RAW, a proprietary mass spectrometry dat ...
''.


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. The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory ta ...
, 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 Certifi ...
. 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 The Million Dollar Championship was a professional wrestling championship in the American promotion WWE. The title was originally introduced in 1989 by "The Million Dollar Man" Ted DiBiase, who was unable to win or purchase the WWF Championship ...
. He was involved in
angles The Angles ( ang, Ængle, ; la, Angli) were one of the main Germanic peoples who settled in Great Britain in the post-Roman period. They founded several kingdoms of the Heptarchy in Anglo-Saxon England. Their name is the root of the name ' ...
that included purchasing the
WWF Championship The WWE Championship is a world heavyweight championship created and promoted by the American professional wrestling promotion WWE, representing the Raw brand division. It is one of two world titles on WWE's main roster, alongside SmackDown's ...
, 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 Yugoslav-American professional wrestler best known for his time in the World Wrestling Federation (WWF). Although Volkoff often p ...
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, chromium, vanadium, or magnesium. The name sapphire is derived via the Latin "sapphir ...
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 currently signed with WWE in a Legends deal. He is best known for his work in the World Wrestling Federation (WWF) and World ...
, who had been managing
The Natural Disasters The Natural Disasters were a professional wrestling tag team composed of Earthquake (John Tenta) and Typhoon (Fred Ottman) who worked in the World Wrestling Federation between 1991 and 1993. They won the WWF Tag Team Championship once. Formatio ...
(
Earthquake An earthquake (also known as a quake, tremor or temblor) is the shaking of the surface of the Earth resulting from a sudden release of energy in the Earth's lithosphere that creates seismic waves. Earthquakes can range in intensity, from ...
and
Typhoon A typhoon is a mature tropical cyclone that develops between 180° and 100°E in the Northern Hemisphere. This region is referred to as the Northwestern Pacific Basin, and is the most active tropical cyclone basin on Earth, accounting for a ...
), turned against his team. In return for a bribe, he gave his team's contract for a
WWF Tag Team Championship The World Tag Team Championship was the original professional wrestling world tag team championship in the World Wrestling Entertainment (WWE) promotion, and the promotion's third tag team championship overall. Originally established by the then- ...
match against
Legion of Doom The Legion of Doom is a group of supervillains who originated in ''Challenge of the Super Friends'', 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 or live event is a professional wrestling event produced by a major promotion that is not televised, though they can be recorded. Promotions use house shows mainly to cash in on the exposure that they and their wrestlers receive du ...
on February 7, 1992 in
Denver Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the Unit ...
,
Colorado Colorado (, other variants) is a state in the Mountain West subregion of the Western United States. It encompasses most of the Southern Rocky Mountains, as well as the northeastern portion of the Colorado Plateau and the western edge of t ...
, 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 bird of prey, birds of prey of the family Accipitridae. They are widely distributed and are found on all continents except Antarctica. * The subfamily Accipitrinae includes goshawks, sparrowhawks, sharp-shinned hawks and others. Th ...
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 an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities o ...
and turned
face The face is the front of an animal's 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 aff ...
, beginning a
feud A feud , referred to in more extreme cases as a blood feud, vendetta, faida, clan war, gang war, or private war, is a long-running argument or fight, often between social groups of people, especially families or clans. Feuds begin because one part ...
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 the eighth annual WrestleMania professional wrestling pay-per-view (PPV) event produced by the World Wrestling Federation (WWF, now WWE). It took place on April 5, 1992, at the Hoosier Dome in Indianapolis, Indiana in the Uni ...
on April 5 and lost the match by
countout Professional wrestling is a form of theater that revolves around staged wrestling matches. The mock combat is performed in a ring similar to the kind used in boxing, and the dramatic aspects of pro wrestling may be performed both in the ring o ...
. Because titles can only change hands via
pinfall In wrestling, a pin is achieved by holding an opponent's shoulders to the mat for a three count. Pinfall is the term used in professional wrestling which is a way to win the match for that person or team. Background A pinfall is a victory condi ...
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 Kingdom (biology), biological kingdom Animalia. With few exceptions, animals Heterotroph, consume organic material, Cellular respiration#Aerobic respiration, breathe oxygen, are Motilit ...
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 Cha ...
'' 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 brawl ...
, 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 interfered on behalf of Money Inc. and helped DiBiase make Earthquake submit to the
Million Dollar Dream Professional wrestling holds include a number of set moves and pins used by performers to immobilize their opponents or lead to a submission. This article covers the various pins, stretches and transition holds used in the ring. Some wrestlers use ...
, 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 Crew ...
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 Jerome Saganowich (born July 5, 1964) is an American professional wrestler best known by his wrestling name Jerry Sags. He is a member of the tag team The Nasty Boys with partner and long-term friend Brian Knobbs. Early life and education Sags w ...
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 that currently airs live every Monday at 8 p.m. ET on the USA Network in the United States. The show fe ...
'', Ted DiBiase wrestled against Brutus "The Barber" Beefcake. Beefcake had sustained a
real-life Real life is a phrase used originally in literature to distinguish between the real world and fictional, virtual or idealized worlds, and in acting to distinguish between actors and the characters they portray. It has become a popular term on the ...
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 an animal's 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 aff ...
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 Eugene Bollea (; born August 11, 1953), better known by his ring name Hulk Hogan, is an American retired professional wrestler. He is widely regarded as the most recognized wrestling star worldwide and the most popular wrestler of the 19 ...
made his return to WWF television, and he teamed with Beefcake to form
The Mega-Maniacs The Mega-Maniacs was the World Wrestling Federation tag team of Hulk Hogan and Brutus "The Barber" Beefcake that had two distinct runs as a team, one in 1989 and another one in 1993. History Hulk Hogan and Brutus Beefcake began their careers mor ...
with Hart as their manager. Hogan and Beefcake challenged Money Inc. for the WWF Tag Team Championship at
WrestleMania IX WrestleMania IX was the ninth annual WrestleMania professional wrestling pay-per-view (PPV) event produced by the World Wrestling Federation (WWF, now WWE). The event took place on April 4, 1993, at Caesars Palace in the Las Vegas suburb of Paradi ...
. 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 titl ...
sustained a
kayfabe In professional wrestling, kayfabe, as a noun, is the portrayal of staged events within the industry as "real" or "true", specifically the portrayal of competition, rivalries, and relationships between participants as being genuine and not staged. ...
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 Robert "Rick Steiner" Rechsteiner and Scott "Scott Steiner" Rechsteiner. The brothers wrestled as amateurs at the University of Michigan. The team mad ...
in the spring of 1993. At the 1993 King of the Ring, The Steiner Brothers and
The Smokin' Gunns The Smoking Gunns were a professional wrestling tag team of kayfabe brothers Billy Gunn (Monty Sopp) and Bart Gunn (Mike Polchlopek). They portrayed cowboys in the World Wrestling Federation (WWF) from 1993 to 1996. As a team, the Smoking 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 Drop, DROP, drops or DROPS may refer to: * Drop (liquid) or droplet, a small volume of liquid ** Eye drops, saline (sometimes mydriatic) drops used as medication for the eyes * Drop (unit), a unit of measure of volume * Falling (physics), allowi ...
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 under the ring name the Diamond Studd and with the ...
. 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 or domestic servant is a person who works within the scope of a residence. The term "domestic service" applies to the equivalent occupational category. In traditional English contexts, such a person was said to be "in service ...
. 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 The Million Dollar Corporation was a professional wrestling stable in the World Wrestling Federation (WWF) from April 1994 to May 1996 and was led and managed by the "Million Dollar Man" Ted DiBiase. DiBiase had retired from active competition aft ...
, a
stable A stable is a building in which livestock, especially horses, are kept. It most commonly means a building that is divided into separate stalls for individual animals and livestock. There are many different types of stables in use today; the ...
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. In 1996, DiBiase and Rotunda (the latter as V.K. Wallstreet) were briefly together again in
World Championship Wrestling World Championship Wrestling, Inc. (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 Nation ...
as members of the New World Order. Money Inc. made a surprise one-night return at
Raw Raw is an adjective usually describing: * Raw materials, basic materials from which products are manufactured or made * Raw food, uncooked food Raw or RAW may also refer to: Computing and electronics * .RAW, a proprietary mass spectrometry dat ...
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 discussi ...
on October 9, 2006. They joined
Arn Anderson Martin Anthony Lunde (born September 20, 1958), better known by the ring name Arn Anderson, is an American professional wrestling road agent, author, and retired professional wrestler. He is currently signed to All Elite Wrestling (AEW) as a m ...
and
Rowdy Roddy Piper Roderick George Toombs (April 17, 1954 – July 31, 2015), better known as "Rowdy" Roddy Piper, was a Canadian professional wrestler, amateur wrestler, and actor. In professional wrestling, Piper was best known to international audiences for his ...
to assist
Ric Flair Richard Morgan Fliehr (born February 25, 1949), known professionally as Ric Flair, is an American professional wrestler. Regarded by multiple peers and journalists as the greatest professional wrestler of all time, Flair has had a career spanni ...
, who was facing
Mitch Mitch is a short form of the masculine given name Mitchell. It is also sometimes a nickname, usually for a person with the surname Mitchell. It may refer to: People * Mitch Altman (born 1956), hacker and inventor * Mitch Apau (born 1990), Dutch ...
. They prevented the rest of Mitch's
Spirit Squad The Spirit Squad was an American professional wrestling stable in World Wrestling Entertainment (WWE) consisting of Kenny, Mikey, Johnny, Mitch, and Nicky. The team's ring personas were those of an all-male cheerleading squad. Before forming ...
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 royale) traditionally refers to a fight involving many combatants that is fought until only one fighter remains standing, usually conducted under either boxing or wrestling rules. In recent times, the term has been used in a ...
. 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, ordained minister and color commentator. He is currently signed to WWE working in their Legends program. DiBiase achieved championship ...
and
Christian Christians () are people who follow or adhere to Christianity, a monotheistic Abrahamic religion based on the life and teachings of Jesus Christ. The words ''Christ'' and ''Christian'' derive from the Koine Greek title ''Christós'' (Χρι ...
.


Championships and accomplishments

*
World Wrestling Federation World Wrestling Entertainment, Inc., d/b/a as WWE, is an American professional wrestling promotion. A global integrated media and entertainment company, WWE has also branched out into other fields, including film, American football, and vario ...
**
WWF Tag Team Championship The World Tag Team Championship was the original professional wrestling world tag team championship in the World Wrestling Entertainment (WWE) promotion, and the promotion's third tag team championship overall. Originally established by the then- ...
( 3 times) *''
Pro Wrestling Illustrated ''Pro Wrestling Illustrated'' (''PWI'') is an American internationally sold professional wrestling magazine that was founded in 1979 by publisher Stanley Weston. ''PWI'' is headquartered in Blue Bell, Pennsylvania, and published by Kappa Publish ...
'' **PWI ranked them No. 61 of the 100 best tag teams during the "PWI Years" in 2003


See also

*
The Million Dollar Corporation The Million Dollar Corporation was a professional wrestling Glossary of professional wrestling terms#Stable, stable in the WWE, World Wrestling Federation (WWF) from April 1994 to May 1996 and was led and managed by the "Million Dollar Man" Ted Di ...
*
New World Order (professional wrestling) The New World Order (commonly abbreviated as nWo) is an American professional wrestling Glossary of professional wrestling terms#S, stable that originally consisted of Hulk Hogan, "Hollywood" Hulk Hogan, Scott Hall, and Kevin Nash. The stable or ...
*
The U.S. Express The U.S. Express was a professional wrestling tag team composed of Mike Rotunda and Barry Windham in the World Wrestling Federation. Windham was later replaced by Dan Spivey and the team was renamed the American Express. History Championship ...
*
The York Foundation The York Foundation was a professional wrestling heel (professional wrestling), heel stable in World Championship Wrestling between 1990 and 1992. It was led by tech-savvy businesswoman Terri Runnels, Alexandra York, and comprised former Face (wr ...


References


External links

* * {{good article WWE teams and stables WWE World Tag Team Champions