|Net Worth:||$300 Million|
|Date of Birth:||January 10, 1949 (74 years old)|
|Height:||6 ft 3 in (1.92 m)|
|Profession:||Professional Boxer, Entrepreneur, Actor, Minister, Author|
|Nationality:||United States of America|
What is George Foreman’s net worth?
George Foreman is a former American boxer and highly prosperous businessman who has a net worth of $300 million. Even though George Foreman makes a good living, you might be shocked to learn that only a small amount of his fortune comes from boxing.
Foreman, who turned professional in 1969 and amassed an incredible career total of 76 victories out of 81 fights, had a relatively low net worth of $5 million by the 1980s.
George Foreman was born in Marshall, Texas on January 10, 1949. Growing up in Houston, he had six siblings. Although J.D. Foreman reared him, Leroy Moorehead was actually his father. In his autobiography, George expressed awareness of his trying upbringing.
He quit going to school when he was fifteen years old and began robbing people. He convinced his mother to enroll him in Job Corps after a year because he wanted to better his life.
He signed up for Job Corps, where he is also learning carpentry and bricklaying skills, in addition to pursuing his GED. Following his relocation, he began his boxing training in Pleasanton, California.
Career As A Boxer
Foreman began his fighting career with a bang by winning a gold medal in the heavyweight boxing division in the 1968 Olympic Games in Mexico City. When he fell to Foreman, Jonas Cepulis was a veteran who was 12 years Foreman’s senior and 29 years old.
Foreman walked around the ring with a US flag after winning and bowing to the crowd. The accomplishment of his entire career, he has stated, is winning the gold medal.
In his first year as a professional, Foreman won 13 fights, 11 of which were knockouts. Foreman won every one of his 12 fights in 1970, and he added seven more knockout victories the following year.
Up until 1974, when he encountered harder competition like Ken Norton and Muhammad Ali, he maintained an amazing winning run. He went to Zaire for his match versus Ali, which was billed as The Rumble in the Jungle.
Foreman was knocked out for the first time by Ali, who defeated him. After a crushing defeat against Jimmy Young in 1977, Foreman gave up trying to earn another victory and retired.
By this time, Foreman was wealthy from the proceeds of his illustrious matches. Sadly, by 1987, almost all of that $5 million wealth from boxing had been lost due to poor investments and an excessively lavish lifestyle.
In a subsequent interview, George was cited as saying, “I was only fractions from becoming homeless. You hear about people becoming homeless, so you know it was bad. George was in danger of becoming bankrupt completely.
Then, after beginning his career as a boxing analyst for HBO, Foreman returned to the ring and staged an incredible comeback that lasted until the late 1990s.
George Foreman retired permanently in 1997 at the age of 48. In the end, he had a 76 win (68 knockouts) to 5 defeat record. Both the World and International Boxing Halls of Fame accepted Foreman as a member. His ranking as the eighth-greatest heavyweight in history is impressive.
Since 1985, Mary Joan, George’s wife, and he had been wed. Across all of his partnerships, he has fathered 12 kids in total.
Prior to Andrea Skeete, he was married to Adrienna Calhoun from 1971 to 1974, Cynthia Lewis from 1977 to 1979, Sharon Goodson from 1981 to 1982, and Andrea Skeete from 1982 to 1985. George Edward Foreman is the name of all five of his boys, while George is the middle name of all three of his daughters (except for one daughter named Georgetta).
All of Foreman’s offspring are required to earn college degrees, yet some of them have nonetheless entered the ring with degrees in hand. George III has recently won his first professional boxing match, carrying on his father’s boxing tradition.
G. Foreman Grill
In the 1990s, after coming out of retirement, Foreman claimed that his success was due to a healthier way of life and diet. He was contacted in 1994 by Salton, Inc., which was seeking a spokesperson for its fat-reducing grill. As a result of Foreman’s cooperation, the Grill sold over 100 million units by 2009.
Although Foreman hasn’t disclosed his earnings from the sponsorship, we do know that Salton paid him $138 million in 1999 for the right to use his name.
Prior to then, he received a payment of 40% of the sales proceeds from each grill, which, at its peak, brought in almost $4.5 million a month. He is thought to have made well over $200 million from the grill, significantly more than he did as a boxer.
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