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What is Ted DiBiase’s Net Worth?
Ted DiBiase is an American former skilled wrestler, supervisor, ordained minister, and commentator who has a net worth of $2 million. Ted DiBiase was finest recognized for wrestling as “The Million Dollar Man” throughout his time within the World Wrestling Federation. He is at the moment signed to WWE the place he works within the Legends program.
Early Life
Theodore Marvin DiBiase, Sr. was born on January 18, 1954, in Omaha, Nebraska, the son of wrestler Helen Nevins and entertainer and singer Ted Wills. Wrestler “Iron” Mike DiBiase married his mom after his dad and mom’ divorce, and his adoptive father died of a coronary heart assault within the ring when Ted was 15 years outdated. Helen then suffered from melancholy and alcoholism, so Ted was moved to Arizona to dwell together with his grandparents. He attended Creighton Preparatory highschool after which West Texas State University on a soccer scholarship. After struggling an damage his senior yr, DiBiase dropped out of college to start out a profession in professional wrestling.
Wrestling Career
Ted DiBiase started wrestling on the Mid-South Wrestling circuit within the mid-70s, after which went on to wrestle briefly with the World Wrestling Federation, after which with NWA, Mid-South once more, and All Japan Pro Wrestling. In 1987, he returned to the World Wrestling Federation, the place he turned immensely fashionable as “The Million Dollar Man.” He would wrestle professionally till 1993, after which returned sporadically by 1996. DiBiase has been named the most effective technical wrestlers and biggest villains within the historical past of professional wrestling.
DiBiase was the primary WWF North American Heavyweight Champion, a three-time WWF Tag Team Champion alongside Irwin R. Schyster, a WWE 24/7 Champion, and winner of 1988’s King of the Ring event. He at one level awarded himself the Million Dollar Championship which had additionally been held by his onscreen proteges Stone Cold Steve Austin and LA Knight. DiBiase headlined many WWF playing cards over his profession, together with WrestleMania IV and the very first SummerSlam in 1988. “The Million Dollar Man” was inducted into the Wrestling Observer Newsletter Hall of Fame upon its inception in 1996 and headlined the 2010 WWE Hall of Fame ceremony.
After retiring from the ring, he discovered work as a supervisor, artistic advisor, and commentator. DiBiase has additionally made appearances at latest WWE occasions, together with when he was seen backstage at Raw is XXX with Irwin R. Schyster on January 23, 2023.
(Photo by Gilbert Carrasquillo/Getty Images)
Welfare Fraud Accusations
After Ted’s son Brett was employed as deputy administrator of the state’s Department of Human Services, it was reported that DiBiase’s ministry acquired greater than $2.1 million in welfare funds from the state of Mississippi. Brett pleaded responsible to creating fraudulent statements in what some name the biggest public embezzlement case within the state’s historical past.
In October 2021, Ted was ordered to pay again $722,299 of the funds given to his Heart of David Ministries. And in May 2022, the Mississippi Department of Human Services sued DiBiase and his sons together with former NFL quarterback Brett Favre to get well the greater than $20 million squandered from the Temporary Assistance for Needy Families anti-poverty program. In April 2022, it was reported by the Mississippi Office of State Auditor that DiBiase personally acquired a $250,000 examine from state welfare grantee the Family Resource Center to “present providers as a Motivational Speaker.”
Personal Life
Ted DiBiase’s sons, Mike, Ted DiaBiase Jr., and Brett, have been all former skilled wrestlers too.
DiBiase has authored the books “Every Man Has His Price” (1997) and “The Million Dollar Man” (2008). He additionally supplied the foreword on William J. Bruce III’s “Penholder” (2010).
Real Estate
In May 2020, maybe within the wake of the welfare scandal, Ted listed his lake dwelling in Madison, Missouri, for $1.595 million. He finally eliminated the itemizing. Ted and his spouse purchased the house in November 2018 for an undisclosed quantity, however it’s recognized that they took out a roughly $1 million mortgage for the acquisition from Renasant Bank.
In August 2020 the US Attorney General was reportedly searching for to have the property forfeited.
All internet worths are calculated utilizing information drawn from public sources. When supplied, we additionally incorporate personal ideas and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as doable, until in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
