However, WWF President Jack Tunney declared DiBiase was not the champion, as he did not win the title by pin or submission, and said that because Andre had surrendered the title, it was therefore vacant. He was caught cheating on his wife with multiple women, which is something he has admitted was the lowest point of his life.
Among other accolades in the WWF/E, DiBiase was the first WWF North American Heavyweight Champion, a three-time WWF Tag Team Champion (with Irwin R. Schyster), a one-time WWE 24/7 Champion, and winner of the 1988 King of the Ring tournament.
At the Royal Rumble, Ted DiBiase and Virgil defeated Dusty and Dustin Rhodes in a tag team match. He is the biological son of wrestler Helen Nevins and Ted Wills, an entertainer and singer. It's something many people don't know about him, but the wrestling legend is now a Minister who gives preaches in church, helping others the way God helped him. Everybody's got a price... at least, that is according to the Million Dollar Man, Ted DiBiase.
Ted DiBiase: The Million Dollar Man, p.171, Ted DiBiase with Tom Caiazzo, Pocket Books, New York, NY, 2008, World's Strongest Tag Determination League, George Tragos/Lou Thesz Professional Wrestling Hall of Fame, NWA Central States Heavyweight Championship, NWA Tri-State/Mid-South Wrestling Association, Mid-South North American Heavyweight Championship, NWA North American Heavyweight Championship, World Wrestling Federation/World Wrestling Entertainment/WWE, WWF North American Heavyweight Championship, Wrestling Observer Newsletter Hall of Fame, "The Million Dollar Man's WWE Hall of Fame profile", "Ted DiBiase: Million Dollar Smackdown - PlayStation 2 Feature at IGN", "Hacksaw Jim Duggan on How His Character Was an Extension of His Personality, Why You Can't Write Certain Wrestlers' Promos", "WWE's greatest villains: Ric Flair, CM Punk, 'Rowdy' Roddy Piper and more", "Page not found - Cauliflower Alley Club", "W.W.F. A Clarion Ledger investigation found Mississippi’s Department of Human Services paid his Christian wrestling ministry more than $2 million in welfare funds. Ted DiBiase – the third-generation Superstar, and son of Hall of Famer “Million Dollar Man” Ted DiBiase – paid his dues to earn a spot on the WWE roster. He revealed in a shoot interview that his decision to leave the WWF at this point was motivated by a desire to resolve his marital problems. After that match, he introduced the WWF Million Dollar Championship, his own championship belt which was not recognized by the WWF.
DiBiase and IRS were defeated by the Steiners for the WWF Tag Team Championship on June 14 in a non televised match at a Wrestling Challenge taping.