George Foreman Net Worth: George Foreman net worth is $300 million as of [month] [year]. George Foreman, who is now retired, has a $300 million fortune. George Foreman competed from 1969 to 1977. He has won two heavyweight world championships and an Olympic gold. He is an author, businessman, ordained minister and a sports figure.
For different generations, the name George Foreman has varied connotations. Some people may remember the young Texas man, only 24 years old, who knocked out Smokin’ Joe Frazier in 1973. that same boxer, who suffered his first loss against Muhammad Ali in the 1974 Rumble in the Jungle. The Rumble was a famous conflict that happened in Zaire and was the focus of the Oscar-winning film When We Were Kings. Younger people may be more familiar with George Foreman as the jovial TV salesman for Meineke exhaust systems and the George Foreman Lean Mean Fat Reducing Grilling Machine.
Although George Foreman has a wealthy fortune, you might be surprised to find how little of it is actually derived from boxing. The shocker is that Foreman had a net worth of only $5 million at the height of his boxing career in the 1980s after turning pro in 1969 and compiling an amazing record of 76 victories out of 81 contests. Fortunately, Foreman is now extremely wealthy thanks to a very well-known barbecue that bears his name. Later in the article, more information about this grill and George’s royalties is included.
George Foreman Net Worth and Profile Summary
| Name | George Foreman |
| Nationality: | American |
| Date of Birth: | Jan 10, 1949 (73 years old) |
| Age: | [get_age month=1 day=10 year=1949] old |
| Place of Birth: | Marshall, Texas, United States |
| Occupation: | Author, Envangelist, Professional Boxer |
| George Foreman Net Worth: | $300 Million |
| Height: | 1.91 m. (6’ 3”) |
| Weight: | 118 kg or 260 lbs |
| Instagram: | @biggeorgeforeman |
George Foreman Net Worth
George Foreman has a $300 million net worth. Contrary to popular belief, more than half of his money comes from his endorsement deal with Salton, not from his professional boxing career as a whole.
Endorsements
Foreman initially took on the role of spokesperson for the maker of home appliances Russell Hobbs Inc. He has served as the spokesperson for a number of major corporations, including McDonald’s, Nike, Doritos, KFC, and Meineke. In addition, he has also introduced a line of personal care items, a line of ecologically friendly cleaning goods, a line of health shakes, a line of prescription shoes for diabetics, and a restaurant franchise.
Career / Business
Boxing Career
Foreman began his boxing career with a bang, capturing a gold medal in the boxing/heavyweight division at the 1968 Mexico City Olympic Games. He overcame Jonas Cepulis, a 29-year-old veteran ten years Foreman’s senior and with a 12-year career under his belt.
After his victory, Foreman walked around the ring waving a US flag and bowing to the audience. He has stated that winning the gold medal was the proudest achievement of his career. Foreman made his pro debut in 1969, winning 13 fights, 11 of which were knockouts.
In 1970, Foreman won all 12 of his contests, and the following year, he won seven more by knockout. He kept his winning streak going until 1974, when he fought harder opponents like Ken Norton and Muhammad Ali. He flew to Zaire for his bout versus Ali, which was billed as The Rumble in the Jungle. Ali knocked out Foreman and became the first boxer to do so.
After a heartbreaking loss to Jimmy Young in 1977, Foreman announced his retirement. By this point, Foreman had amassed a sizable fortune from his historic fights. Unfortunately, by 1987, nearly all of that $5 million wealth from boxing had been lost due to poor investments and an excessive lifestyle.
George was really on the point of bankruptcy, as he stated in a recent interview: “It was that scary because you hear about people being homeless and I was only fractions, fractions from being homeless.” So Foreman returned to boxing, creating an astonishing comeback that lasted until the late 1990s, following which he became a boxing pundit for HBO.
George Foreman made his permanent retirement from the sport in 1997 at the age of 48,. His final record was just five losses and 76 wins (68 knockouts). Both the World Boxing Hall of Fame and the International Boxing Hall of Fame inducted Foreman. According to rankings, he is the eighth-best heavyweight in history.
George Foreman Grill
When Foreman returned from retirement in the 1990s, he claimed that his success was due to a healthier way of life and diet. In 1994, Salton, Inc. contacted him about being a spokesperson for its fat-cutting grill.
By 2009, the Grill has sold over 100 million units thanks to Foreman’s cooperation. We know that Salton paid Foreman $138 million in 1999 for the right to use his name, but he has never revealed how much money he has profited from the endorsement.
Prior to then, he was receiving 40% of the sales proceeds from each grill, which at its peak netted him distributions of about $4.5 million each month. He is thought to have earned more money from the grill than he did as a boxer—an estimated $200 million.
Other Investments
Foreman is an associate of The Panther Racing Indy Car squad. He has written five books and continues to make sporadic TV and cinema appearances (as a judge on The American Inventor and guest on The 700 Club) (cameo in Night at the Museum: Battle of the Smithsonian).
Early Life
George Foreman, nicknamed ‘Big George’, was born on January 10, 1949 in Marshall, Texas. He grew up in Houston with six siblings. He was raised by J.D. Foreman, although his actual father was Leroy Moorehead. George revealed in his memoirs that he was a disturbed adolescent. When he was fifteen, he dropped out of school and became a mugger.
A year later, he decided he wanted to improve his life and persuaded his mother to enroll him in Job Corps. He wanted to get his GED and learn to be a carpenter and bricklayer through Job Corps. He came from a poor family, but there was a boxing teacher not distant from his home who gave him his first boxing lessons. He had become such a good boxer by the time he was young that he was selected for the Olympic team, where he won the gold medal.
He became a professional boxer after winning the Olympic gold medal. He was unbeaten until his match against Mohammad Ali. He is regarded as one of the most powerful punchers in boxing history. He began boxing training after relocating to Pleasanton, California.
George Foreman Sons and Daughters
When Foreman’s reality series Family Foreman launched on the cable network TV Land in 2008, it helped him establish himself as a star on the small screen. Viewers were astounded to see that the ex-boxer, who has been married five times, had ten biological children and two adoptive children, all of whom appear to be successful adults with substantial personal wealth.
His five sons are all called George Edward Foreman. Their well-known father claims that he wanted to give them something that no one could ever take away. The names of his boys are George Jr., George III (“Monk”), George IV (“Big Wheel”), George V (“Red”), and George VI (“Little Joey”).
Even one of Foreman’s seven daughters, Georgetta, is given the female form of his name. George was the middle name of the deceased businessman’s daughter Freeda. His other daughters are Courtney, Natalia, Leola, Michi, and Isabella.
George’s Kids Joined their Father
George III didn’t begin fighting until he was a teenager. He co-founded the upscale boxing and fitness facility EverybodyFights after retiring. He is currently George Foreman Enterprises’ executive vice president.
Freeda also became a professional boxer, carrying on her father’s legacy. According to some stories, her father advised her to earn a degree before making her initial choice, which she did. Despite her early ring achievements, she gave up the sport in 2001. She tragically died in 2019 at the age of 42. Her death was a suicide.
Wrap Up
Former World Heavyweight Champion George Foreman was born into poverty and engaged in street battles before turning himself into a well-known boxer. The Ring magazine listed him as one of the top 25 fighters of the previous 80 years. He was regarded as the ninth-best puncher of the century by the magazine. George Foreman has a net worth of $300 million as of [month] [year].
