George Foreman Net Worth, Early Life, and Career

Boxing is counted as one of the top games by popularity. People love to watch the crucial moments of a boxing match. Because of this demand, athletes have made their career in Boxing. George Foreman is one of those. He became an influential personality in the history of boxing. Today, we will discover George Foreman net worth and the facts behind it.

Who is George Foreman?

George Foreman is an American former professional boxer. He is well known by his in-ring nickname, Big George. He is a two-time world heavyweight champion. He also won a gold medal in Men’s amateur boxing at the 1968 Olympic Games. Besides boxing, George is an entrepreneur, author, and actor.

Short Bio of George Foreman

George Foreman Net Worth

George Foreman’s net worth in 2023 is estimated to be $300 million. Being a highly skilled boxer is the main reason behind this massive net worth. He also established a million-dollar business of his own. Besides these, George is an author. He published a lot of best-selling books. Also, his films and television appearances significantly impacted his financial status.

Early Life

George Foreman was born in Marshall, Texas. He has six siblings. His father, Leroy Moorehead, divorced his mother when he was a child.  Later, his mother married J. D. Foreman. George stated in his biography that he was a troubled youth. After quitting school, he started mugging others.

At 16, George joined Job Corps, a free education and vocational training. He earned a GED degree and trained to become a  bricklayer and carpenter. Then, George moved to Pleasanton, California. There, he began his boxing training with the help of a supervisor.

Sources Behind George Foreman Net Worth

Professional Boxing

On Jun 23, 1969, George made his professional boxing debut at the age of 20. He completed his debut match against the famous boxer Donald Walheim at Madison Square Garden. George won the match through a technical knockout. In the same year, he fought and won against many decorated fighters, such as Fred Askew, Chuck Wepner, Johnny Carroll, and Leo Peterson.

With these success records, people became fans of his fight. Soon, he gained massive fame and became a matter of discussion. Many boxing managers offered to sign with them. For this purpose, he signed million-dollar contracts with several boxing managers. They managed very highly demanding matches for George.

George won the world heavyweight championship at National Stadium, Jamaica, on Jan 22, 1973. He won this title against Joe Frazier through a technical knockout. George made a 38-0 score in this match. In the following year, he lost his world title against Muhammad Ali.

Later, on Nov 5, 1994, George again won the world championship title. He won this title against Michael Moorer with a score of 73–4.

Nov 22, 1997, George lost his world title against Shannon Briggs at Etess Arena, New Jersey. After this match, George made his final retirement at 48.

George Completed a total of 81 fights in his entire professional boxing career, where he won 68 matches By knockout and 8 matches By decision. He got a massive amount of prize money from his every winning match. Also, he earned a lot from his million-dollar contract signings with boxing managers. His primary source of wealth came from these earnings.

Exhibition Boxing

Besides professional boxing, George also completed several matches in the Exhibition fights. He met his first Exhibition fights against Alonzo Johnson at  Maple Leaf Gardens, Toronto, Canada. He won this match through a technical knockout.

In the same year, George won two more matches against Jerry Judge and Terry Daniels. He completed a total of five fights in Exhibition bouts, where he won three fights, and two ended with no score. He was paid a good amount for completing these matches, which increased his net worth widely.

Olympic Games

In the 1968 Olympic Games, George participated in Men’s amateur boxing. Representing the United States, George completed his first fight against Polish fighter Lucjan Trela. George won with the score of 4-1. He won the quarterfinals and semifinals against Romanian fighter Ion Alexe and  Italian fighter Giorgio Bambini.

In the finals, George faced Soviet Union’s boxer Jonas Čepulis and won an RSC. He received $1 million as the gold medal winner of the 1968 Mexico City Olympic Games.

Television

George made his television debut in The Six Million Dollar Man (1975). He played a minor role in this science-fiction television sitcom. On November 5, 1993, he starred in ABC networks’s popular television series George. He continued this series until 1994 and completed a total of 9 episodes.

George also made several guest appairence in popular television shows and series, like Home Improvement, Fast N’ Loud, etc. In 2003, he voiced a famous television cartoon series, King of the Hill.

George participated in the 8th season of The Masked Singer as “Venus Fly Trap.” He was eliminated after a few episodes.

He was paid a good amount for his every appearance on those television shows and series. These earnings eventually added to his net worth.

George Foreman Grill

In 1994, George founded a Grilling Machine company named George Foreman Grill. It produces a portable, double-sided electrical heated grill. Because of the unique features and George’s marketing, this machine gained a vast number of customers worldwide.

As of 2009, George has sold over 100 million units of this grilling machine. It is currently selling at $49.99 on Amazon. Undoubtedly, George generated a lot of profit from this business venture, which became another main source of his net worth.

Books

George published his first book, George Foreman’s Knock, in 1996. This book became very popular. Later, in 2000, George published his second book, George Foreman’s Big Book Of Grilling Barbecue And Rotisserie. It also became viral and ranked on the New York Times bestselling chart.

Because of this success and positive reviews, George published many other books, such as Great Grilling Recipes!, Healthy Ways to Feed Family and Friends, Let George Do It!, A Spiritual Memoir, and so on.

All of his books became popular and sold thousands of copies worldwide. His recent books are still selling online. As an author, George gets a portion of the profit from those book sales, which increases his net worth.

Awards

In 1995, George Foreman won the ESPY Awards in the category of Best Boxer. Since then, he hasn’t received any nominations or won any awards.

Personal Life

George Foreman married George Foreman in 1971 and got divorced in 1974. Later, George married Cynthia Lewis from 1977 to 1979, Sharon Goodson from 1981 to 1982, and Andrea Skeete from 1982 to 1985.

Currently he has been married to Mary Joan since 1985. George has a total of five sons and seven daughters from his five wives. Among his sons, George Edward Foreman became a professional boxer.

FAQs

What is the net worth of George Foreman in 2023?

George Foreman’s net worth in 2023 is estimated to be 300 million U.S. dollars.

How much did George Foreman get paid to fight Muhammad Ali?

George Foreman was paid 5 million U.S. dollars for the fight against Muhammad Ali.

How old was George Foreman when he fought Muhammad Ali?

George Foreman fought Muhammad Ali when he was 25 years.

Is George Foreman still married to his wife?

Yes, George Foreman has been married to his wife, Mary Joan Martelly, since 1985.

Final Thought

George Foreman net worth is a result of his fighting skills. In the boxing ring or business, everywhere, he applied unique techniques to achieve quick success.