George Foreman Net Worth

George Foreman Net Worth : $300 Million

Profile

Retired American Professional Boxer, Entrepreneur and Author

Nationality

American

Source of Wealth

Boxing, Entrepreneur

Years of Experience

44 Years

Date of Birth

January 10, 1949

Education

A high school dropout

Marital Status

Married

Children

12

George Foreman’s Income & Total Net Worth

George Foreman has an estimated net worth of $300 million. He has been two-time World Heavyweight Champion, and Olympic gold medalist. He earned $138 million for selling naming rights to grill manufacturer, Salton. He promoted ‘The George Foreman Grill’, a fat-reducing grill machine, which had a sale record of 100 million in 15 years. For every sale of grill machine, he received 40% of the profits that added to his net worth.

Business Investments

George runs his company, named ‘George Foreman Enterprises’. This company focuses on marketing and selling of various products, related to vitamins, food supplements, wellness and nutrition. He sold his rights to grill manufacturer, Salton. George Foreman Grill sold more than 80 million grills around the world. He has mentioned that he possesses 35% investments in stocks and about 35% investments in various bonds. He has also invested in real estate, as this sector is his first choice, when it comes to investment.

Besides this, he launched various brands, like KFC, Doritos, and Meineke. He has also introduced his own line of personal care products, eco-friendly cleaning products, a health shake, a restaurant franchise, and a shoe, prescribed for diabetics.

Properties: Private Fortune

George Foreman owns a 40-acre estate in Texas. He and his family live lavishly in this beautiful mansion. He also possesses a ranch in Texas.

George Foreman’s Career

At the age of 15, George joined the Job Corps and then, moved to Pleasanton, California to get trained in boxing. He won a gold medal at 1968 Mexico City Olympic Games. He became a professional boxer in 1969 with a three-round knockout in New York. He won 7 more fights by knockout, in 1971. He also served as the commentator of the boxing fights that were telecasted on the HBO channel.

Amateur Accomplishments

  • In 1967, he won his first fight by a first-round knockout in the ‘Parks Diamond Belt Tournament’.
  • In 1967, he won the ‘San Francisco Examiner’s Golden Gloves Tournament’.
  • He won the “National AAU Heavyweight Title” in Toledo.
  • He had a 16-4 amateur boxing record going into the Olympics.

Professional Boxing Records

In his entire career, George won 76 fights (8 decisions, 68 knock-outs) and lost 5 fights (4 decisions, 1 knockout). He is an Olympic gold medallist and two-time heavyweight Boxing Champion.

Awards

George Foreman received the following awards:

  • The Ring Progress of the Year (1970)
  • The Ring Fighter of the Year (1973 and 1976)
  • The Ring Comeback of the Year (1994)
  • Title of “Fourth Greatest Heavyweight of All-Time” (1998)
  • Title of “Ninth Greatest Punchers of All-Time” (2003)