Net Worth: $250 Million
- Source of Wealth Boxing, Endorsement Products
- Birth Place Marshall, Texas, United States
- Height 6' 3½" (1.92 m)
- Marital Status Married (Mary Joan Martelly)
- Full Name George Edward Foreman
- Nationality American
- Date of Birth January 10, 1949
- Ethnicity African-American
- Weight 260 lbs (118 kg)
- Occupation Entrepreneur, Boxer (retired)
- Children 12 (George Jr., George III, George IV, George V, George VI, Natalia, Leola, Michi, Freeda, Georgetta, Isabella, Courtney)
About George Foreman
Retired American professional boxer George Edward Foreman, has an estimated net worth of $250 million. He is the former two-time World Heavyweight Champion, Olympic gold medalist, ordained Baptist minister, author and successful entrepreneur. This pervasive pitchman grew up poor in Marshall, Texas. A mentor, through Lyndon Johnson’s Job Corps program, encouraged the 15-year-old delinquent to box. Foreman would eventually win a gold medal at the 1968 Olympics. His big pay day came in 1999, when he bagged $138 million for selling naming rights to grill manufacturer Salton. He has since pitched brands like Doritos, KFC and Meineke, and has launched a line of environmentally safe cleaning products, a line of personal care products, a health shake, a prescription shoe for diabetics and a restaurant franchise.
According to the boxing legend, the Hulk missed out on the opportunity to endorse a new electric grill from manufacturers Russell Hobbs, after he allegedly missed the call from his agent. Thus fate gave George Foreman Lean Mean Fat Grlling Machine – a runaway success that turned a champion pugilist into a revered, super-rich business supremo.
Indeed, Foreman says the machine – and its numerous spin-offs – have made him even more money than his illustrious boxing career, which saw the former world heavyweight champion achieve a formidable 76 wins and 68 KOs from his 81 professional fights.
Boxing record: Total fights: 81, Wins: 76, Wins by KO: 68, Losses: 5, Draws: 0, No contests: 0
Earnings & Financial Data
The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of George Foreman's net worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.
- Earnings 1999
- Earnings 1990
- Earnings 1980
Sale of Asset 1999
The amount earned from the sale of his naming rights to the grill in 1999 plus the endorsements
Salary Oct. 1990
Foreman took home a guaranteed $12.5 million from his fight against Holyfield
By 1980s, Foreman's wealth was estimated to be around $5 million