What is the Boxing Legend George Foreman Net Worth in 2024?

George Foreman is a well-known American businessman and former professional boxer recognized for significantly impacting sports and business. Foreman was born on January 10, 1949, in Marshall, Texas. He is well known as a heavyweight boxer who won two World Heavyweight Championships and is famous as an ambassador for the George Foreman Grill.

His history is one of redemption; he came from a difficult childhood and rose to become a successful athlete and executive. Foreman won the gold medal at the Olympics in 1968, which helped him gain popularity. He won the world heavyweight title in 1973, becoming a two-time champion.

After retiring from fighting, he performed extremely well in business and established the George Foreman Grill. He is an iconic figure inside and outside the ring due to his outstanding career and other achievements.  Learn about George Foreman's net worth in 2024, career, height, weight, biography, personal life, and Income below.

George Foreman net worth in 2024

His net worth in 2024 is expected to reach about $300 million. His primary sources of riches are the George Foreman Grill, his advertising partnerships, and his long-standing successful boxing career. He became highly wealthy in large part because of the grill, which became popular worldwide.

Foreman was one of the richest athletes of his time, and his investments and business interests have increased his fortune. He won his second title at 45 and has been the oldest world heavyweight champion ever since. He is the second-richest boxer in the United States after Floyd Mayweather, with a net worth of millions of dollars.

House

He currently lives in Texas, and the house is around 12,000 square feet. It has streams, a basketball court, and a tennis court.

Cars

He believes his C4 Callaway Corvette convertible is one of his most precious possessions. He keeps some unusual automobiles in his shed, including a Saleen Mustang, a Lamborghini Diablo, a Ferrari Testarossa, and a first-generation Dodge Viper.

Early Life and Education

He was born in Marshal, Texas on January 10, 1949.  He was among seven children of Leroy Moorehead and Nancy Foreman. He is a name that many prominent individuals use. It may mean different things to different generations. People born in the 1970s claim that he ended Smokin' Joe Frazier's spotless record in 1973. Foreman defeated Frazier via technical knockout at the age of 24. Frazier had never lost before. In the 1974 fight Rumble in the Jungle, Muhammad Ali defeated him for the first time.

He was one of the teenagers who caused trouble. At the age of fifteen, he dropped out of school and joined a gang. After a year on the streets, he decided to take a different path. His mother enrolled him in the Job Corps, where he learned to be a carpenter and lay brick.

Career

Boxing Career

Foreman had a successful fighting career spanning 81 contests, earning him an Olympic gold medal and the title of world heavyweight champion twice. Despite his boxing career, he only makes a tiny amount of money. In the 1980s, when Foreman was at the peak of his boxing career, he was worth $5 million.

George Foreman Fight Record

The George Foreman Grill

Foreman profits significantly from the George Foreman Grill. In 1994, Foreman became a representative for Salton, Inc.'s fat-burning grill and rose to fame and fortune. Foreman had sold over 100 million devices in 2009. According to reports, the advertising agreement earned Foreman over $200 million. In 1999, he received $138 million for the rights to use his name.

Business Ventures

Aside from the George Foreman Grill, he earned a lot of money by working as a brand representative for well-known firms and selling cleaning, clothing, and personal care products. He assists at-risk youth at the George Foreman Kids and Community Center. He is also a well-known philanthropist, television personality, and author of a popular book.

Awards and Achievements

George Beyond Boxing

When he retired in his late forties, it marked the end of a legendary boxing career. He aimed to start a new business. He became well known in the 1990s after creating the George Foreman Grill, which generated millions in sales.

He cared about more than just money. Muhammad Ali, the boxing champion, was interested in several humanitarian projects, particularly those that helped keep children safe from situations similar to his.

Filmography

Read About: Marvin Hagler Net Worth 2024, Career and Records

Personal Life

He married Mary Joan in 1985, but he has been with various women and has been married four times. From 1971 until 1974, he married Adrienna Calhoun. He married Cynthia Lewis between 1977 and 1979. He married Sharon Goodson Between 1981 and 1982. From 1982 until 1985, he was married to Andrea Skeete. Five of his twelve offspring are boys, and two are girls.

George Foreman Family Tree

Foreman has a large family, including 12 children. His sons are all named George: George Jr., George III, George IV, George V, and George VI. He also has seven daughters.

Biography

FAQs

Q. What is George Foreman's boxing record?

He has an impressive professional boxing record of 76 wins (68 by knockout) and 5 losses.

Q. What happened in the Muhammad Ali vs. George Foreman fight?

The fight, known as the "Rumble in the Jungle", occurred on October 30, 1974, in Zaire. Muhammad Ali defeated him in the eighth round by knockout, using his famous "rope-a-dope" strategy to tire Foreman out.

Q. Did George Foreman die after the Ali fight?

No, he did not die after the fight with Muhammad Ali.

Q. What are George Foreman's height and weight?

His height is 6 feet 4 inches (193 cm), and his weight is between 220 and 260 pounds (100 to 118 kg).