What is George Foreman Net Worth?
George Foreman Net Worth is US$ 300 Million as of January 2023.
| Net Worth | US$ 300 Million |
| Born: | January 10, 1949 (74 Years) |
| Birth Name | George Edward Foreman |
| Gender | Male |
| Height | 6’4″ |
| Horoscope | Pisces |
| Country of Origin | Marshall, Texas, The US |
| Source of Wealth | Professional Boxer |
| Marital Status | Married |
| Spouse | Mary Joan Martelly (m. 1985), Andrea Skeete (1982 – 1985), Sharon Goodson (1981 – 1982), Cynthia Lewis (1977 – 1979), Adrienne Calhoun (1971 – 1974) |
| Children | Freeda (Daughter), George Foreman V (Son), Natalia (Daughter), Georgetta (Daughter), Leola, Courtney Isaac, Michi (Daughter), Leola (Daughter), George Jr. (Son), George Foreman III (Son), George Foreman IV (Son), and George Foreman V (Son) |
| Famous For | World Heavyweight Champion 2 times |
Biography
George Foreman net worth is estimated to be approx US$ 300 Million as of January 2023.
Different generations have different meanings for George Foreman’s name. Many people will remember the young Texan, aged 24, who defeated undefeated Smokin’ Joe Frazier by delivering a TKO in 1973. who was the same fighter who lost to Muhammad Ali in 1974’s Rumble in The Jungle? The Rumble in Zaire was a significant battle and was the subject of the Oscar-winning documentary When We Were Kings. If you’re younger, George Foreman is most well-known as the jolly guy who sells Meineke mufflers or the George Foreman Mean Fat Reducing Grilling Machine.
Time Line
1994
George received World Heavyweight championships in WBA and IBF. Also, he became a spokesperson for “George Foreman Grills.”
1986
George goes back to pro-boxing to fund his youth center.
1977
George became a Christian and got retired from his professional career.
1973
George won the world heavyweight championship.
1969
George begins his professional career.
1968
George won a gold medal in Mexico Olympics.
Early Life
George Foreman was born in Marshall, Texas, on January 10, 1949. Six siblings raised him in Houston. J.D. Foreman was his father, but Leroy Moorehead was his biological father. In his autobiography, George explains that he was troubled as a youngster. At fifteen, he dropped out of school and became a criminal. He wanted to change his life, so he convinced his mother to enroll him in Job Corps. He was determined to get his GED through Job Corps. He trained to be a bricklayer and carpenter. After moving to Pleasanton, California, he began training for boxing.
Career
Foreman’s boxing career began with a boom when he won a gold award at the 1968 Mexico City Olympic Games for the boxing/heavyweight category. Jonas Cepulis was a veteran of 12 years who defeated Foreman. He is 10 years older than Foreman. After his win, Foreman carried a US flag around the ring and bowed to the troop. Foreman said winning the gold medal was the proudest thing about his career.
In 1969, Foreman became a professional fighter and won 13 fights and 11 knockouts. Foreman won 12 of his fights in 1970. After a year, he earned seven more knockout bouts. His winning streak continued until 1974, when he confronted more formidable opponents like Muhammad Ali and Ken Norton. The match was called “The Rumble in the Jungle.” Ali conquered Foreman, becoming the opening boxer to knock him out. After a shocking defeat to Jimmy Young, Foreman could not win another victory and retired from boxing in 1977.
Foreman was enjoying the wealth he earned from his historical matches. In 1987, almost all the $5 million fortune he made from boxing had been lost to insufficient savings and a wasteful routine. George was plainly on the brink of total insolvency. In a recent conference, George said that he was “that scary” because he heard about people becoming homeless. He was only a fraction away from becoming homeless. After becoming a commentator on boxing for HBO, Foreman began boxing again and made an inspiring comeback.
Being 48 years old, George Foreman was officially declared to have retired. His closing record was 76 wins (68 knockouts) and five losses. Foreman was inaugurated into the International Boxing Hall of Fame (World Boxing Hall of Fame) and the International Boxing Hall of Fame. He is ranked eighth in the history of heavyweight boxing.
George Foreman Net Worth Growth
George Foreman net worth was US$ 235 million in 2017, which is increasing to US$ 300 million in 2023.
| Net Worth in 2023 | US$ 300 Million |
| Net Worth in 2022 | US$ 320 Million |
| Net Worth in 2021 | US$ 300 Million |
| Net Worth in 2020 | US$ 280 Million |
| Net Worth in 2019 | US$ 265 Million |
| Net Worth in 2018 | US$ 250 Million |
| Net Worth in 2017 | US$ 235 Million |
Highlights
Here are some of the best highlights of George Foreman’s career:
- Associated Press Male Athlete of the Year (1994)
- Best Boxer ESPY Award (1995).
Frequently Asked Questions
Foreman suffered a surprising loss to underdog Muhammad Ali and was forced to relinquish his championship title.
George Foreman earned an estimated salary of $20 Million per Year.
Foreman retired from boxing again with a final career record of 76 wins (68 by knockout) and 5 losses.
Summary
George Foreman is an American former professional boxer who competed from 1969 to 1997. He is a two-time world heavyweight champion and an Olympic gold medalist. Foreman is an ordained minister, author, and entrepreneur. He also promotes the George Foreman Grill, which has sold over 100 million units. Foreman has been inducted into the International Boxing Hall of Fame and the World Boxing Hall of Fame.
What do you think about George Foreman’s net worth? Leave a comment below.
Yogesh is an author, tech blogger, and digital marketing expert who has been writing for Market.us since 4.5 years. He is a computer engineer by profession.