Born Virgil Runnels, Rhodes became one of the most in-demand stars in the 1970s and '80s with rags-to-riches story -- hence "The American Dream" -- and captivating personality. "I have wined and dined with kings and queens and I've slept in alleys and dined on pork and beans," was one of his most famous lines, and he was known for his yellow polka dot tights.
Rhodes returned to the WWE in 1990 by introducing his son Dustin, aka "Golddust." His son Cody Rhodes also became a wrestler and is known as "Stardust."
In 2007, he was inducted into the WWE Hall of Fame. His final TV appearance was on a February episode of Raw with his sons.
Rhodes is survived by his wife Michelle, four children, granddaughter and two grandsons.
Watch his famous entrance: