George Foreman Net Worth. George Edward Foreman (born January 10, 1949) is an American former professional boxer, entrepreneur, minister and author. In boxing, he competed between 1967 and 1997 and was nicknamed “Big George“. He is a two-time world heavyweight champion and an Olympic gold medalist. As an entrepreneur, he is known for the George Foreman Grill.
After a troubled childhood, Foreman took up amateur boxing and won a gold medal in the heavyweight division at the 1968 Summer Olympics. Having turned professional the next year, he won the world heavyweight title with a stunning second-round knockout of then-undefeated Joe Frazier in 1973. He defended the belt twice before suffering his first professional loss to Muhammad Ali in the iconic Rumble in the Jungle in 1974. Unable to secure another title opportunity, Foreman retired after a loss to Jimmy Young in 1977.
Following what he referred to as a religious epiphany, Foreman became an ordained Christian minister. Ten years later he announced a comeback, and in 1994 at age 45 won the unified WBA, IBF, and lineal heavyweight championship titles by knocking out 26-year-old Michael Moorer. He dropped the WBA belt rather than face his mandatory title defense soon after, and following a single successful title defense against Axel Schulz, Foreman relinquished his IBF title as well on June 28, 1995. At 46 years and 169 days old, he was the oldest world heavyweight champion in history.[6] Foreman is the oldest to ever win the world heavyweight boxing championship of major honors, and the second-oldest in any weight class after Bernard Hopkins (at light heavyweight). He retired in 1997 at the age of 48, with a final record of 76 wins (68 knockouts) and 5 losses.
Foreman has been inducted into the World Boxing Hall of Fame and International Boxing Hall of Fame. The International Boxing Research Organization rates Foreman as the eighth-greatest heavyweight of all time. In 2002, he was named one of the 25 greatest fighters of the past 80 years by The Ring. The Ring ranked him as the ninth-greatest puncher of all time. He was a ringside analyst for HBO‘s boxing coverage for 12 years until 2004. Outside boxing, he is a successful entrepreneur and known for his promotion of the George Foreman Grill, which has sold more than 100 million units worldwide. In 1999, he sold the commercial rights to the grill for $138 million.
What is George Foreman’s net worth?
Net Worth: $300 Million
Date of Birth: Jan 10, 1949 (74 years old)
Place of Birth: Marshall
Gender: Male
Height: 6 ft 3 in (1.92 m)
Profession: Professional Boxer, Entrepreneur, Actor, Minister, Author
Nationality: United States of America
George Foreman is a retired American boxer and highly successful entrepreneur who has a net worth of $300 million. A two-time World Heavyweight Boxing Champion, Olympic Gold Medalist, multimillionaire entrepreneur and born-again Christian minister, George Foreman represents an amazing story of success and perseverance.
George Foreman has the net worth of a champ but you’d be surprised to learn how little of his fortune actually comes from boxing. In fact after turning professional in 1969 and stacking up an impressive career of 76 wins out of 81 fights, by the 1980s Foreman had a relatively small net worth of $5 million at the peak of his boxing career. Fortunately, thanks to a very popular grill that bears his name, Foreman is a very wealthy man today. More details on this grill and George’s royalties appear later in the article.
Early Life
The name George Foreman means different things to different generations. Some folks will recall the young 24-year old Texan who delivered a TKO to the undefeated Smokin’ Joe Frazier in 1973. The same fighter whose first defeat was to Muhammad Ali in the 1974 Rumble in the Jungle. The Rumble was a historic battle that took place in Zaire and became the subject of the Oscar-winning documentary When We Were Kings. If you are younger, George Foreman is probably better known as that jolly guy on TV who sells Meineke mufflers and the George Foreman Lean Mean Fat Reducing Grilling Machine.
