Ted DiBiase (left) and Irwin R. Schyster (right) as Tag Team Champions
|Members||"Million Dollar Man" Ted DiBiase
Irwin R. Schyster (I.R.S.)
6 ft 0 in (1.83 m)
6 ft 3 in (1.91 m)
|498 lb (226 kg)|
Money Inc. was a heel professional wrestling tag team in the World Wrestling Federation 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 three times, defeating the Legion of Doom, The Natural Disasters and The Steiner Brothers for the title. In addition, they had a feud with The Mega-Maniacs (Hulk Hogan and Brutus Beefcake) after manager Jimmy Hart left DiBiase and Schyster to side with Hogan and Beefcake. After the team split up, DiBiase and Schyster were reunited in two stables, the Million Dollar Corporation and the New World Order, and have appeared together twice on television during special episodes of Raw.
Both DiBiase and Schyster had gimmicks that focused on money. Schyster, whose initials spelled I.R.S., portrayed an evil tax accountant. 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 that included purchasing the WWF Championship and paying wrestlers and fans to perform demeaning tasks. DiBiase and Schyster formed the tag team of Money Inc. in February 1992 when Jimmy Hart put their names in place of The Natural Disasters (Earthquake and Typhoon) on a contract for a WWF Tag Team Championship match against Legion of Doom (LOD).
DiBiase and Schyster, managed by Hart, defeated LOD at a house show on February 7, 1992 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 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 and turned face, beginning a feud with Money Inc. over the WWF Tag Team Championship.
Money Inc. defended their title against The Natural Disasters at WrestleMania VIII and lost the match by countout. Because titles can only change hands via pinfall or submission, Money Inc. retained the belts. This result repeated itself on television and at house shows.
After Hawk's suspension ended, the Legion of Doom got a rematch against Money Inc. at SummerSlam 1992. However, when SummerSlam arrived, Money Inc. had already lost the titles to the Natural Disasters via pinfall on July 20, 1992. At SummerSlam, the Legion of Doom won the match when Animal pinned DiBiase.
At the October 13, 1992 Wrestling Challenge taping, Money Inc. faced The Natural Disasters in a rematch for the WWF Tag Team Championship. The match was originally scheduled pitting the Disasters against the Nasty Boys, who were also managed by Hart, but at the last minute, Hart had 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 to 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, an 8-man elimination tag team match pitting Money Inc. and the Beverly Brothers against the Natural Disasters and the Nasty Boys was won by the Nasty Boys. 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.
On the February 15, 1993 airing of Monday Night Raw, Ted DiBiase wrestled a match 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 over three years, DiBiase and Schyster attacked him. DiBiase held Beefcake for Schyster to hit him in the face with the 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 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 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. During the match, the referee sustained a kayfabe 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. Ultimately, a second referee appeared and the Mega-Maniacs were disqualified because Hogan used Beefcake's steel face protector as a weapon.
Money Inc. feuded with The Steiner Brothers 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. went into a feud with Razor Ramon. 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. 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.
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 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 as members of the New World Order.
Money Inc. made a surprise one-night return at Raw Family Reunion on October 9, 2006. Ric Flair had a match against Mitch of the Spirit Squad. All five members of the Spirit Squad were present, so Flair brought out Rowdy Roddy Piper, Money Inc., and Arn Anderson as his backup. Flair's allies kept the Squad in check, enabling Flair to win the match.
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. 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.
Redirecting to Money Inc.