| 1 | Randy Savage Macho Man — WWF Champion — Main Event Hero Randy 'Macho Man' Savage was the defining participant of WrestleMania 4 — winning four matches in one night (Butch Reed, Greg Valentine, One Man Gang, Ted DiBiase) to capture the vacant WWF World Heavyweight Championship. | Main Event — Tournament Winner | Won WWF World Heavyweight Championship | Miss Elizabeth | 4 |
| 2 | Ted DiBiase The Million Dollar Man — Tournament Runner-Up Ted 'The Million Dollar Man' DiBiase competed in the WWF Championship tournament, advancing to the final with Andre the Giant's assistance before losing to Randy Savage in the main event. | Tournament Runner-Up / Main Event Heel | Lost WWF Championship Final to Savage | Virgil (bodyguard) + Andre the Giant (ringside) | 3 |
| 3 | Hulk Hogan The Hulkster — Double DQ with Andre — Savage's Cornerside Hulk Hogan competed in the tournament second round against Andre the Giant before being eliminated via double DQ — he then appeared at ringside during the final as Savage's supporter, throwing a chair to help clear Andre from ringside. | Quarter Final Participant + Main Event Ringside Supporter | Eliminated via Double DQ with Andre | — | 1 |
| 4 | Andre the Giant The Giant — DiBiase's Tag Partner / Tournament Participant Andre the Giant competed in the tournament quarter-final against Hulk Hogan before being eliminated via double DQ alongside Hogan — he then appeared at ringside for Ted DiBiase's matches including the final. | Quarter Final Participant + DiBiase Ringside Helper | Eliminated via Double DQ with Hogan | Bobby Heenan | 1 |
| 5 | Miss Elizabeth The Most Beautiful Woman in Wrestling — Savage's Valet Miss Elizabeth managed Randy Savage throughout his entire four-match tournament run at WM4 — her most memorable moment was raising the WWF Championship belt above her head in celebration of Savage's victory. | Savage's Valet / Manager | — | — | — |
| 6 | Bobby Heenan The Brain — Manager & In-Ring Competitor Bobby Heenan served dual roles at WM4 — managing both Andre the Giant in the tournament and Rick Rude in the tournament first round draw, AND competing as an active in-ring participant in the six-man tag match against the British Bulldogs and Koko B. Ware. | Manager (Andre + Rude) AND In-Ring Competitor (Six-Man Tag) | — | — | 1 |
| 7 | Bad News Brown Battle Royal Winner — Trophy Smasher Bad News Brown won the 20-man opening Battle Royal by last eliminating Bret Hart, then smashed the trophy when Bret objected to sharing it — the betrayal immediately created one of the WWF's most heated feuds of 1988. | Battle Royal Winner | Won 20-man Battle Royal | — | — |
| 8 | Bret Hart The Hitman — Battle Royal Final Two Bret Hart was the runner-up in the WM4 Battle Royal — the final man eliminated by Bad News Brown after a handshake agreement to share the trophy was betrayed by Brown. | Battle Royal Runner-Up | Last eliminated by Bad News Brown | — | — |
| 9 | Demolition (Ax & Smash) New WWF Tag Team Champions Demolition (Ax and Smash, managed by Mr. Fuji) defeated Strike Force to win the WWF Tag Team Championship at WM4 in the longest match on the card at 12:33 — beginning an eventual 478-day title reign. | New WWF Tag Team Champions | Won WWF Tag Team Championship | Mr. Fuji | — |
| 10 | Donald Trump Host — Trump Plaza Branding Donald Trump hosted WrestleMania 4 as the event was branded as Trump Plaza. Trump was prominently featured in the broadcast and promotional materials — he would go on to be inducted into the WWE Hall of Fame Class of 2013. | Celebrity Host — Trump Plaza Branding | — | — | — |