George Edward Foreman was an Olympic Gold Medallist at the 1968 Mexico Olympics and professional boxer who was born in Marshall, Texas on January 10, 1949. He has been able to carve a fortune for himself thanks to his popularity both inside and outside of the boxing ring. “Big George” as he is often referred to, fought 81 professional matches and won 76 of them, incredibly though, 68 of his victories were through Knock out.
He was raised by his stepfather J.D. Foreman, but was the son of Leroy Moorehead. Despite having an unideal childhood, George went on to win an Olympic Gold medal in Mexico City in the year 1968. Since then, he went on to beat the likes of Joe Frazier in the seventies, almost became bankrupt in the later part of ‘80s and then staged a comeback to the ring that made him all that he is today.
Since retiring from the ring, he has been a commentator, an entrepreneur and a tremendously successful investor. His Foreman Grill has been selling like hotcakes and is the major source of his income while cameo and guest appearances on television, films and advertisements further help him earn more.
George is, in true sense of the word a professional, comprehensively envisaging milestones and reaching them, it is this knack for success that makes him a gold medalist, two time heavy-weight champion and a multi-millionaire who is a recognized figure around the country. He may have lost his title to Muhammad Ali, but restored his pride with a record victory at the age of 45 when he regained his title, being the oldest man at the time to hold it.
Foreman’s net worth reaches the $250 million mark but it is not boxing that contributed most of it, instead it was his George Foreman Grill endorsement that has earned him well more than $200 million, besides his film, television and advertisement increase that figure to an incredible level and make him a behemoth money making machine, which adds further to his legend and legacy that continues to grow.