George Foreman Net Worth 2024: Early Life, Career, and Achievements

Net Worth$320 Million
Age74 Years
Salary$20 Million +
Monthly Income$2 Million +
Date of BirthJanuary 10, 1949
Height1.91 m. (6’ 3”)
Weight118 kg or 260 lbs
ProfessionFormer Boxer
NationalityAmerican

Introduction

George Foreman Net Worth 2024: George Edward Foreman was born on January 10, 1949, in Marshall, Texas. He used to be a really important boxer, known for being the heavyweight champion of the world and winning in the Olympics. He also became a Christian minister.

In a big surprise, he lost his championship title to Muhammad Ali in 1974. But amazingly, he managed to become the champion again 20 years later. In 2003, he got into the International Boxing Hall of Fame because of his accomplishments. After he stopped boxing, he did well in business.

George Foreman Net Worth 2024

George Foreman’s net worth is estimated to be $320 million.

Early Life

George Edward Foreman grew up in the Fifth Ward in Houston, Texas. He had six brothers and sisters. When he was 15 years old, he left school and became a bit of a bully. But when he turned 16, he changed his mind and asked his mom to sign him up for the Job Corps after seeing an ad on TV.

In the Job Corps, Foreman got his GED (like a diploma) and learned how to be a carpenter and a mason. He moved to the town of Pleasanton in California, with the help of his supervisor. There, he started to train. Even though he liked football and really looked up to a player named Jim Brown, he decided to give up football and focus on boxing instead.

Career

George Foreman started his boxing career in 1968 as an amateur boxer. He did really well and won a gold medal at the Olympics in the heavyweight category.

The next year, he turned into a professional boxer and did something amazing: he knocked out Joe Frazier, who was undefeated at the time, in just the second round to become the world heavyweight champion in 1973.

He defended his champion title two times, but then he had his first loss as a professional boxer against Muhammad Ali in a famous fight known as the Rumble in the Jungle in 1974.

After that, Foreman couldn’t get another chance to fight for a championship, so he retired after losing to Jimmy Young in 1977.

Then, something big happened in his life. He had a strong religious experience and became a Christian minister. Ten years later, he decided to come back to boxing. In 1994, when he was 45 years old, he did something incredible again by knocking out Michael Moorer, who was much younger, and becoming the champion in three major boxing organizations.

Foreman gave up one of the championship belts because he didn’t want to fight a mandatory match. He defended his title only once more before giving it up too. But he made history by being the oldest heavyweight champion at 46 years and 169 days old.

He held onto the championship until he lost to Shannon Briggs in 1997 when he was 48 years and 10 months old. That was his last fight, and he finished his career with 76 wins (68 by knockout) and 5 losses.

There were talks of him coming back to fight Larry Holmes in 1999, but he decided not to. He also planned to come back on his 56th birthday in 2005, but his wife disagreed with the idea and it didn’t happen.

George Foreman’s Net Worth Growth

2023$320 Million
2022$300 Million
2021$280 Million
2020$265 Million
2019$250 Million
2018$235 Million

George Foreman Brand Endorsements

Nowadays, you might notice Foreman appearing in American TV ads where he promotes electric grills that are named after him, “George Foreman’s Lean Mean Fat Reducing Grilling Machine.” These grills are known for making food healthier by reducing fat.

By 2009, they had sold more than 100 million grills under his brand. The company that created these grills paid Foreman around $138 million in 1999 so they could use his name for their grills. Before that, he used to get about 40% of the profits for each grill that was sold.

He has represented many big companies like

  • McDonald’s
  • Nike
  • Doritos
  • KFC
  • Meineke

George Foreman Car Collection

George Foreman has gathered a big and amazing collection of cars. Some of the standout cars in his collection include:

  • 2005 Ford GT
  • 1997 Lamborghini Diablo VT
  • 1987 Ferrari Testarossa
  • Ferrari 360 Spider
  • 1991 Acura NSX
  • 1993 Dodge Viper RT/10 Roadster
  • 1988 Callaway Corvette C4 Convertible
  • 1974 Rolls-Royce Silver Shadow
  • 1977 Volkswagen Beetle Convertible
  • 1950 GMC Series 100 Pick-Up Truck

George Foreman Professional Boxing Record

In his professional boxing career, George Foreman won 76 fights, lost 5, and didn’t have any draws. He achieved 68 of his wins by knockout, making his knockout percentage around 83.95%.

81 Fights76 Wins5 Losses
By Knockout681
By Decision84

George Foreman Filmography

TitleYearRole
The Six Million Dollar Man1975Marcus Grayson
Home Improvement1992Himself
George1993George Foster
King of the Hill2003Himself (voice role)
Fast N’ Loud2013Himself
The Masked Singer2022Venus Fly Trap

George Foreman’s Social Media Accounts

InstagramClick here
FacebookClick here
TwitterClick here

Summary

Foreman is really accomplished in boxing – he won the world heavyweight championship two times and also got a gold medal in the Olympics.

Experts who study boxing history place Foreman as the best heavyweight boxer ever.

Apart from his boxing career, he’s also done well as a businessperson. He’s famous for promoting the George Foreman Grill, and more than 100 million of these grills have been sold all around the world.

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