Ted DiBiase was raised mostly in Texas by mother Helen Hild and stepfather Iron Mike DiBiase (both wrestlers). After he graduated high school, DiBiase briefly attended college in Texas before he was recruited to start working wrestling shows in 1975, first as a referee and then as a wrestler. DiBiase worked most of the 1980s with Mid-South Wrestling with frequent tours of All Japan Pro Wrestling before he was hired by the WWF in 1987, where he worked the remainder of his in-ring career, officially retiring in January 1994. Over the next several years, DiBiase continued to work for both the WWF and World Championship Wrestling in a managerial capacity. On March 27, 2010, Ted DiBiase was inducted into the WWE Hall of Fame in Phoenix, AZ.
In his personal life, DiBiase became a born-again Christian in the mid-'90s and he founded his own Christian wrestling promotion called Power Wrestling Alliance in 1999. Additionally, he and his wife Melanie have three sons named Mike, Ted Jr., and Brett (all wrestlers). His son Ted DiBiase Jr. currently performs for World Wrestling Entertainment under the same ring name "Ted DiBiase."