Answer by taking a quote from the following article:

DiBiase was born in Miami, Florida. He is the biological son of wrestler Helen Nevins and Ted Wills, an entertainer and singer. He is the adopted son of wrestler "Iron" Mike DiBiase, who was Italian-American. DiBiase is of mostly German and English ancestry.

DiBiase returned to the WWF at the Royal Rumble as a guest commentator. DiBiase then began working as a commentator and manager for the WWF. Later in 1994, DiBiase purchased the contracts of many wrestlers for his Million Dollar Corporation stable in the WWF, which over time included I.R.S., Bam Bam Bigelow, Nikolai Volkoff, Kama, King Kong Bundy, Sycho Sid, 1-2-3 Kid, and in a swerve, Tatanka. DiBiase also renewed his connection with the Undertaker after the latter's six-month hiatus after the January Royal Rumble. Saying that he had originally brought the Undertaker to the WWF, and he was going to bring him back, DiBiase debuted a new Undertaker under his control. This Undertaker however proved to be an impostor played by Brian Lee, and was subsequently defeated by the real Undertaker at SummerSlam. DiBiase also had a place in the main event of WrestleMania XI as the manager of Bam Bam Bigelow in his match versus Lawrence Taylor. Surrounding the ring were members of DiBiase's corporation to offset Taylor's entourage of NFL All-Pros on the opposite side. After Taylor defeated Bigelow, DiBiase publicly referred to Bigelow as an embarrassment. This culminated in Bigelow quitting The Corporation after DiBiase fired him following a loss to Diesel in a WWF Championship match. Bigelow aligned himself with Diesel in a feud versus members of DiBiase's corporation. As a manager, DiBiase also later introduced "The Ringmaster", who eventually became Stone Cold Steve Austin, to the WWF in January 1996. Austin became the Million Dollar Champion and began wearing DiBiase's gold belt that was introduced in 1989. DiBiase's last appearance with the company was at In Your House: Beware of Dog 2 in 1996, where he was kayfabe forced to leave the WWF after Steve Austin lost to Savio Vega. In reality, he left for rival promotion World Championship Wrestling (WCW).

What happened in 1994?
Later in 1994, DiBiase purchased the contracts of many wrestlers for his Million Dollar Corporation stable in the WWF,