• All Japan Pro Wrestling
  • NWA International Heavyweight Championship (1 time)[15]
  • NWA International Tag Team Championship (1 time) – with Ron Bass[16]
  • NWA United National Championship (1 time)[17]
  • PWF World Heavyweight Championship (4 times)[18]
  • PWF World Tag Team Championship (4 times) – with Bruiser Brody (1), Ted DiBiase (2) and Austin Idol (1)[19]
  • Triple Crown Heavyweight Championship (4 times)[20]
  • World Tag Team Championship (8 times) – with Terry Gordy (2), Genichiro Tenryu (3), Dan Spivey (1), Ted DiBiase (1) and Gary Albright (1)[21]
  • Champion Carnival (1992, 1993)[22][23]
  • World's Strongest Tag Determination League (1983) – with Bruiser Brody[5][23]
  • World's Strongest Tag Determination League (1985) – with Ted DiBiase[5][23]
  • World's Strongest Tag Determination League (1988) – with Terry Gordy[5][23]
  • World's Strongest Tag Determination League (1989) – with Genichiro Tenryu[5][23]
  • January 2 Korakuen Hall Heavyweight Battle Royal (1994)[23]

• American Wrestling Association
  • AWA World Heavyweight Championship (1 time)[24]

• Cauliflower Alley Club
  • Other honoree (1996)[25]

• Continental Wrestling Association
  • CWA International Heavyweight Championship (1 time)[26]

• Georgia Championship Wrestling
  • NWA Columbus Heavyweight Championship (1 time)[27]
  • NWA Georgia Heavyweight Championship (2 times)[28]
  • NWA Georgia Tag Team Championship (3 times) – with Tommy Rich (2) and Ole Anderson (1)[29]

• Mid-Atlantic Championship Wrestling/World Championship Wrestling
  • NWA United States Heavyweight Championship (1 time)1[30]
  • NWA World Tag Team Championship (Mid-Atlantic version) (1 time) – with Ole Anderson[31]

• NWA Big Time Wrestling
  • NWA Texas Tag Team Championship (1 time) – with Killer Tim Brooks[32]
  • NWA Texas Heavyweight Championship (1 time)

• NWA Tri-State
  • NWA North American Heavyweight Championship (Tri-State version) (1 time)[33]
  • NWA United States Tag Team Championship (Tri-State version) (2 time) – with Frank Goodish[34]

• National Wrestling Federation
  • NWF Heavyweight Championship (1 time)[35]

• Professional Wrestling Hall of Fame and Museum
  • Class of 2010[11][36]

• Pro Wrestling Illustrated
  • Match of the Year (1976) vs. Bruno Sammartino on June 25
  • Most Hated Wrestler of the Year (1976)[37]
  • Ranked #24 of the top 500 singles wrestlers in the PWI 500 in 1991
  • Ranked #16 of the top 500 singles of the "PWI Years" in 2003
  • Ranked #7, #24, #34, and #66 of the top 100 tag teams of the "PWI Years" with Bruiser Brody, Ted DiBiase, Terry Gordy, and Ole Anderson, respectively, in 2003

• Texas Wrestling Hall of Fame
  • Class of 2014[38]

• Tokyo Sports
  • Best Bout Award (1992) vs. Toshiaki Kawada on June 5
  • Best Tag Team Award (1998)[37] with Vader
  • Lifetime Achievement Award (2000)[39]
  • Match of the Year Award (1982) vs. Giant Baba on February 4[40]
  • Match of the Year Award (1988) vs. Genichiro Tenryu on July 27[40]
  • Outstanding Foreigner Award (1982)[37]
  • Popularity Award (1980)[40][37]

• Wrestling Observer Newsletter
  • 5 Star Match (1984) with Bruiser Brody vs. Dory and Terry Funk on December 8
  • 5 Star Match (1988) with Terry Gordy vs. Genichiro Tenryu and Toshiaki Kawada on December 16
  • 5 Star Match (1993) vs. Kenta Kobashi on July 29
  • Best Brawler (1985, 1990)[37]
  • Tag Team of the Year (1982)[37] with Ole Anderson
  • Wrestling Observer Newsletter Hall of Fame (Class of 1996)

• WWE
  • WWE Hall of Fame (Class of 2016)

1 Hansen won the championship after Ted Turner purchased Mid-Atlantic Championship Wrestling from Jim Crockett, Jr. and renamed the promotion World Championship Wrestling. Hansen's reign was also prior to the championship being renamed the WCW United States Heavyweight Championship.