Is George Foreman a billionaire? What is George Foremans current net worth?

May 2024 · 2 minute read

George Edward Foreman, who was born in Marshall, Texas, on January 10, 1949, rose to prominence in the heavyweight boxing division by taking home a gold medal in the 1968 Summer Olympics in Mexico City.

Is George Foreman a billionaire?

George Foreman, who made $200 million from the sales of the George Foreman Grill, went on to rule the corporate world after an outstanding career in sports. Foreman has never disclosed the exact amount of money he received for supporting the grill. Saltron Inc. gave him an incredible $138 million in 1999 in exchange for the right to use his name.

Before then, Foreman supposedly made about forty percent of the earnings from every unit he sold, which at the height of sales put his monthly income at almost $4.5 million. Experts estimate that he most likely made $200 million or more from the endorsement, an amount that is far higher than what he made as the world’s heavyweight champion two times.

What is George Foreman’s current net worth?

George Foreman’s estimated net worth as of 2023 is $300 million, a significant amount of money considering his extremely low-income background. The Ring magazine has ranked him as one of the top 25 fighters of the last 80 years. He was also listed as the ninth-greatest puncher of the century by the magazine.

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