George Foreman is a popular boxer and entrepreneur with a Net Worth of 300 million Dollars. From his fighting career, he has made a considerable name and wealth. Aside from that, he also invests in business ventures and real estate. He went through a financial struggle between the careers but returned strongly at 38 years old. George Foreman is undeniably one of the wealthiest former professional boxers thanks to his $320 million net worth. His narrative demonstrates the lasting influence of his achievements in both the sporting and spiritual spheres, inspiring others to persevere in the face of hardship. At 45, he became the oldest boxer who won a world title. In this article below, let’s look at his life and net worth.
Who is George Foreman?
George Foreman is a famous professional boxer born on 10 January 1949. He is an Entrepreneur and an author. He competed between 1967 and 1997, and people named him “Big George”. He won World Heavyweight twice and is also an Olympic gold Medallist. He is also called George Foreman Grill as an entrepreneur. He fought 81 fights in his career, winning 76 of them and losing 5.
George Foreman’s Net Worth
With a $300 million dollar net worth, George Foreman is a successful entrepreneur and retired professional boxer from the United States. He is a two-time World Heavyweight Boxing Champion, Olympic Gold Medallist, Christian minister, and successful entrepreneur. His life shows the definition of success and perseverance. You would be inspired if you saw how he became financially successful in his life. He had an overwhelming boxing career, owning 76 out of 81 fights. Before by the 1980s, he had a net worth of 5 million when he was at the peak of his career. Later, he retired and returned to the field when he went bankrupt. His comeback to the fighting field and his wise choice to join the grill business with his name gave him huge money. He is the richest boxer and is living a lavish lifestyle.
The George Foreman Grill, a cooking appliance business, made him more financially successful than his boxing career. The cooking appliance sold over 100 million units globally. This business gave him huge profits.
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George Foreman’s Net Worth Timeline
| George Foreman’s Net Worth 2023 | 440 million Dollar |
| George Foreman’s Net Worth 2015 | 390 million Dollar |
| George Foreman’s Net Worth 2000 | 100 million Dollar |
| George Foreman’s Net Worth 1990 | 42 million Dollar |
| George Foreman’s Net Worth 1970 | 9 million Dollar |
| George Foreman’s Net Worth 1960 | 15,000 Dollar |
George Foreman Early life
George Foreman has a jovial image in today’s time, but this has not always been the case. His early life was much different. He was born in Marshall, TX. His mother married D. Foreman when he was a child. His father’s name was Leroy Moorehead. In his autobiography, he says his teenage life was very hard. He left the school and became a mugger at the age of 15. He grew up in Houston with his six siblings.
With the time of an affiliation with the Job Corps, he moved to Pleasanton, California. It helped him to change his life. In California, he discovered his boxing career.
Different generations think of George Foreman. Differently, some people recall 24 years of Foreman who delivered the 1973 TKO to undefeated JOE Frazier. The same combatant who lost to Muhammad Ali in the 1974 Rumble in the Jungle, his debut defeat. The Oscar-winning documentary When We Were Kings focused on The Rumble, a legendary conflict in Zaire. For younger people, George Foreman is likely better known as the cheerful man on Television who promotes Meineke mufflers and the George Foreman Lean Mean Fat Reducing Grilling Machine.
George Foreman Personal Life-Style
George Foreman married Mary Joan in 1985. He has been in various relationships and has had 12 children in total.
He married Adrienna Calhoun from 1971-1974, Cynthia Lewis from 1977-1979, Sharon Goodson from 1981 -1982, and Andrea Skeete from 1982 to 1986. All his daughters have a name with George as a middle name except the one with a middle name, Georgetta. All five sons are named George Edward Foreman.
He wished all his children to spend more time in education, but he kept a few from joining the boxing ring with a diploma. George III followed his father’s footsteps in boxing and recently won his first professional match.
In 2009, his one daughter, Freeda Foreman, passed away tragically. She was also a boxer.
George Foreman Boxing Career
In the 1968 Mexico City Olympics Games, George Foreman won a gold medal in boxing in the heavyweight division. He defeated 29-year-old veteran Jonas Cepulis. He was ten years older than him and was a senior. He carried the US Flag, walked around the ring, and bowed to the crowd. He said he was very proud of himself when he won the gold medal.
He turned pro in 1966. In that year, he won 13 fights, and 11 were total knockouts. In 1970, he won 12 bouts; in the later years, he won 7 fights by knockout. He continued to win the streak until the tough opponents Ken Norton and Muhammad Ali in 1974. He travelled to Zaire to fight with Ali, and the match went like the Rumble in the Jungle. Ali was the first boxer to knock him down. Then he retired in 1977 as he didn’t get any victory and was devastated by the loss to Jimmy Young.
He lived his lavish life with the money he earned from his boxing career, but by 1987, his money ended because of the bad investment and extravagant lifestyle. He went bankrupt by then.
He started boxing again to get on with life, which lasted till 1990. Later, he became a commentator for HBO. He officially retired in 1997 when he was 48 years old. In his finals, he won 76 by 68 knockouts and only lost five times. He was also inducted into the World Boxing Hall of Fame and the International Boxing Hall of Fame. His career as a boxer has been ranked the 8th most significant heavyweight in history.
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Other Pursuits
George Foreman came in partnership with the Panther Racing IndyCar team. He also wrote ten books and made appearances on Television as a guest on The 700 Club, The Masked Singer and as Judge on The American Inventor. He also did a cameo in Night at the Museum: Battle of Smithsonian Movie.
Books
George Foreman has written many books, including his autobiography “By George: The Autobiography of George Foreman”. He wrote down his life experience and story in his book. He earned a lot from his books, and it added 10% to George Foreman’s Net Worth.
Real Estate
George Foreman is a wise investor, and he owns many luxurious mansions. George Foreman owns properties across New York, Pennsylvania, California, and many more. He has ten luxury villas in California and 21 apartments in New York City. George and Mary own a 300-acre estate called Foreman Ranch in Texas. It is situated in the Houston area.
His natural state accounts for 25% of George Foreman’s Net Worth. As a rental income, he earns around 1.3 million Dollars every month from his apartments and house.
Endorsement by George Foreman
He was a popular face in boxing and created history in it. He was very famous and got many endorsement opportunities. He endorsed popular brands like KFC, Doritos, and Meineke, which gave him huge amounts of money. Later, he launched his personal product business, which included cleaning solutions and clothing brands, and became very successful in the market.
Comeback
Big George Foreman shows that he came out of retirement in 1987 due to bankruptcy. It was shocking when he returned to his boxing career when he was 38. George Foreman won the heavyweight championship in 1994 and became the oldest boxer to win the world title. So, it was a very good decision for his career. When he was doing great in the boxing field, he decided to expand his horizons and started a business. In the early 1990s, Salton, Inc. asked the fighter to be the face and name of their new grill. After he consented, the rest is history.
With time, George got all success in his work, and his cooking appliances became popular worldwide. From this business, he earned more money than his boxing career. It has sold over 100 million units all over the world. Eventually, he sold the right to use his name for 138 million Dollars. He got a massive profit from Big George Foreman.
Conclusion
As we see in the journey of George Foreman, he never lost hope, so even after bankruptcy, he joined the fighting field again. He built a net worth of 300 million Dollars with business ventures and a boxing career and got financial stability. He showed a fighting spirit and lived a successful life. We can learn from failure but can’t define what we will be like in the future; we must keep going. After boxing out of competition in the late 1970s, Foreman changed careers and became a Christian preacher. He faced financial difficulties in his 40s but triumphantly returned to the boxing ring to get over them. Foreman defied expectations at the incredible age of 46 to win a championship match in the mid-1990s, silencing his detractors who had initially viewed him with distrust and mockery. As the oldest heavyweight champion in history, he cemented his place in history.