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George Foreman Net Worth - Big George Wealth As The World Boxing Champion

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One of the most famous people in the world is George Foreman. Today, he is famous for his commercials, like a lot of other famous people, but he first became famous as a great boxer. If you want to know George Foreman net worth, you are in the right place.

George Foreman was the Olympic boxing champion, but most of you probably don't know that. George Foreman is well-known because he was one of the three best boxers from the 1960s to the 1970s. Muhammad Ali was the first star among them.

Quick Facts About George Foreman

NameGeorge Foreman
BirthdayJanuary 10, 1949
ProfessionRetired boxer
Net worth$300 million

Who Is George Foreman?

COPYRIGHT_PNW: Published on https://purenetworth.com/george-foreman-net-worth/ by - on 2023-01-16T05:50:55.151Z

George Foreman wearing a brown suit and polka dots tie
George Foreman wearing a brown suit and polka dots tie

George Foreman is an American boxer who used to fight professionally from 1969 to 1977. He has won the world heavyweight title twice and won a gold medal at the Olympics. Outside of sports, he is a minister, an author, and a business owner.

Different people of different ages have different ideas about who George Foreman is. Some people will remember the young 24-year-old Texan who knocked out Smokin' Joe Frazier in 1973 with a TKO. The same boxer who lost to Muhammad Ali for the first time in the Rumble in the Jungle in 1974.

When We Were Kings, which won an Oscar, was about a battle called "The Rumble," which took place in Zaire in the past. If you are younger, you probably know George Foreman as that happy guy on TV who sells Meineke mufflers and the George Foreman Lean Mean Fat Reducing Grilling Machine.

George Edward Foreman was born in Marshall, Texas, on January 10, 1949. His mother married J.D. Foreman after he was born, so he grew up with both of them. He got in trouble with the law a lot as a child and was kicked out of school when he was 15. He was often in street fights and fights between gangs.

George Foreman Boxing Career

Top 10 George Foreman Best Knockouts HD

Foreman went on to win a gold medal in the heavyweight boxing competition at the Olympics in Mexico City in 1968. During this time, there were civil rights and Vietnam-related riots in the US. No one knew for sure if the African-American community would support US policy or not.

The next year, Foreman decided to become a professional boxer, so he went through serious and tough training. Even though Foreman won a lot of fights, some people said that he only won because he fought against old fighters.

In 1977, Foreman's life took a different turn. Even though he beat Pedro Agosto in Florida, Jimmy Young beat him in Puerto Rico.

After staying out of the ring for 10 years, Foreman surprised everyone by coming back in 1987, when he was 40 years old. Even though he wasn't in shape, he knocked Steve Zouski out in the fourth round of their fight in Sacramento, California.

In 1988, he won 9 fights. In one of those fights, he knocked out the Cruiserweight Champion, Dwight Muhammad Qawi.

George Foreman Net Worth

George Foreman's Lifestyle 2022

George Foreman is an American boxer who used to fight and is now retired. He is also a very successful businessman who is worth $300 million. George Foreman is an amazing example of how hard work and success can pay off.

He has won two World Heavyweight Boxing Championships, won an Olympic Gold Medal, made millions of dollars as an entrepreneur, and become a Christian minister after being born again.

George Foreman has a lot of money, but you might be surprised to learn that not much of it comes from boxing. In fact, at the peak of his boxing career in the 1980s, Foreman was only worth $5 million, even though he had been a professional boxer since 1969 and had won 76 out of 81 fights.

Foreman is a very rich man now, thanks to a very popular grill that bears his name.

George Foreman Grill

When Foreman came out of retirement in the 1990s, he said that his success was due to a healthier way of life and better food. In 1994, Salton, Inc. asked him to be their spokesperson for their fat-reducing grill. Foreman agreed, and by 2009, more than 100 million Grills had been sold.

Foreman has never said how much money he has made from the endorsement, but we know that Salton paid him $138 million in 1999 for the right to use his name.

Before that, he was getting paid 40 percent of the profits from each grill sold, which at its peak was about $4.5 million a month. He is thought to have made over $200 million from grilling, which is a lot more than he made as a boxer.

Other Pursuits Of George Foreman

Foreman works with the Panther Racing Indy Car team as a partner. He has written five books, and he still shows up on TV (as a guest on The 700 Club or as a judge on American Inventor) and in movies now and then (cameo in Night at the Museum: Battle of the Smithsonian).

Car Collection Of George Foreman

George Foreman owns a lot of property, but he and his wife have chosen to live on a 40-acre estate in Texas. Foreman's collection of cars includes both old and new models, and he has a strange way of feeling about them, especially his tiny 1977 VW Beetle Convertible that fits in the palm of his hand.

Here are just a few of his cars, since he said he has lost track of how many he has:

  • 1977 VW Beetle Convertible
  • 2000 VW Beetle Turbo
  • Ford Mustang Saleen
  • Mercedes G-Wagon
  • 2000 Ferrari 360
  • 1950 GMC Pickup
  • Mercedes SLK 320
  • Chevrolet Silverado Z71
  • Ferrari 458
  • 1991 Acura NSX
  • 1992 Corvette ZR1
  • 2008 Corvette Victory Edition

Interesting Facts About George Foreman

  • In 2016, George Foreman became a star on reality TV. He worked with William Shatner, Henry Winkler, and Terry Bradshaw on a series called "Better Late Than Never," which was about a trip around the world. The idea behind the show was that the hosts would make a bucket list that would help them learn about different cultures as they traveled.
  • Jimmy Young beat Foreman in March 1977, when he was trying to get another shot at the title against Muhammad Ali. Foreman collapses in his locker room after being tired and thirsty from the conditions in the boxing ring. He says that Jesus Christ came to see him. Almost right away, he stopped boxing and became a Baptist minister in the Houston area.
  • Foreman became the oldest professional boxer to win a world title when he was 45 years old. He was the only one to do that until Bernard Hopkins won a championship when he was 46 years old.
  • George is the name of Foreman's five sons (George Jr., George III, George IV, George V, and George VI).
  • After his second retirement from boxing, Foreman became HBO's main boxing analyst. TV critics gave him high marks for his expert commentary.
  • Before George Foreman agreed to put his name on the fat-burning grill that made him millions of dollars, he didn't agree to put his name on it. Salton Inc. gave Hulk Hogan the same deal. Before trying to set up a meeting with the company, the pro wrestler turned down the first offer. Big George had already signed the deal, so it was too late.

People Also Ask

Is George Foreman The Greatest Boxer Of All Time?

The International Boxing Research Organization ranks Foreman as the eighth-best heavyweight of all time. In 2002, The Ring said that he was one of the 25 best fighters of the last 80 years. He was ranked as the ninth-best puncher of all time by The Ring.

What Was George Foreman's Net Worth As A Boxer?

Mayweather isn't the only former Olympian on the list of the wealthiest boxers in history. George Foreman is next on the list, with a $300 million net worth.

Did George Foreman Invent The Grill?

The George Foreman grill's story begins in 1994. George Foreman did not come up with these machines, despite what some people may think.

Conclusion

George Foreman used to be the World Heavyweight Champion. He grew up fighting on the streets and living in poverty, but he trained himself to become a boxer who is known all over the world.

The Ring magazine has said that he is one of the 25 best fighters of the last 80 years. The magazine also said that he was the ninth-best boxer of the last 100 years. As of 2023, George Foreman has a net worth of about $300 million.

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