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George Foreman Net Worth (2022)
Lifestyle | Bio | Facts [UPDATED]

George Foreman Net Worth Fl


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What is George Foreman Net Worth?

George Foreman Net Worth, Biography & Lifestyle: George Edward Foreman is formerly an American professional boxer who was also an Olympic gold medalist. He’s now an ordained Christian minister, author, and entrepreneur with a net worth of $340 million.

We’re here to know how George Foreman net worth came to be – plus the details of his personal life, including:

  • The milestones and highlights of his amazing professional career;
  • His troubled childhood before he joined the Job Corps;
  • How his opponent ‘knocked the devil out of [him]’ which led to a near-death experience and his spiritual awakening;
  • How much the George Foreman Grill sold before the grill manufacturer Salton acquired it;
  • His massive – and expensive – car collection; and
  • And much more!

After all the interesting details of George Foreman net worth and bio, there’s still our Fun Facts Section – with many surprises for you in there. So make sure you don’t miss out!

You can watch an informative documentary of his career through this link.

Now, let’s get ready to rumble…

Who Is George Foreman?

George Foreman Net Worth

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George Foreman Net Worth: $340 million
Date of Birth: 10-01-1949
Spouse/ Relationship Status: Mary Joan Martelly (m. 1985-present)
Andrea Skeete (m. 1982-1985)
Sharon Goodson (m. 1981-1982)
Cynthia Lewis (m. 1977-1979)
Adrienne Calhoun (m. 1971-1974
Place Of Birth/ Nationality: Marshall, Texas, USA/ American
Source of Wealth: Films, TV Series
Zodiac Sign: Capricorn
Children: George Foreman Jr.
George Foreman III
George Foreman IV
George Foreman V
George Foreman VI
Natalie Foreman-Wynn
Leola Foreman
Michi Foreman
Georgetta Foreman
Freeda Foreman
Isabella Brenda Lilja Foreman
Courtney Isaac Foreman

Known throughout his boxing career as Big George,’ the former American professional boxer was dubbed the eighth greatest heavyweight in history. You’ll see his name on the World Boxing Hall of Fame and the International Boxing Hall of Fame.

And it’s all well-deserved!

After all, Foreman was the world heavyweight champion – twice! After taking the title from Joe Frazier in 1973, he lost it to Muhammad Ali in 1974. It took him a retirement, a comeback, and 20 years before he snatched the title again from Michael Moorer.

He was then 45, making him the oldest world heavyweight champion of all time!

But before any of that, he was an Olympic gold medalist in the 1968 Mexico City Olympic Games.

The whole of his professional career, he fought 81 fights and won 76 of them.

In other words, he only had five losses in his lifetime!

Add to that…

The Ring named him the ninth greatest puncher and included him in the 25 greatest fighters of the past 80 years.

Foreman worked as HBO’s boxing coverage ringside analyst from 1992 to 2004.

But it wasn’t always a knockout for Foreman.

In the years leading up to his first retirement, the former world heavyweight champion experienced two devastating losses.

The first was against Muhammad Ali when he was relieved of his title in 1974. It was the famous Rumble in the Jungle. Foreman, later on, said that the experience drove him into hatred – a wrong motivation for fighting.

He did all he could to get the title back.

Until…

… according to Foreman – Jimmy Young knocked the devil out of him.

That was the boxer’s exact choice of words because, after that fateful loss to Young in 1977, Foreman had a near-death experience.

He was back in his dressing room…

Everyone in the room was watching as Foreman walked around. He told them, “I’m fixing to….”

Then there was nothing.

“I was in this deep, dark junkyard of nothing,” Foreman would later recount to the National Public Radio. “There wasn’t any hope.”

Until a hand reached out to him and yanked him back to consciousness. He jumped out of the table that his trainers laid him on, screaming, “Jesus Christ has come alive in me! I got to save the world!”

To which his trainers responded with, “No, you need clothes on!”

From that point forward…

The world-renowned boxer became an ordained minister. He also founded a youth and community center in Houston under his name.

He retired in 1977 only to continue fighting ten years later. Another ten years of success inside the ring, and he finally gave it up.

Foreman is still rich and famous today. But as a successful entrepreneur and author rather than a boxer.

We still have the highlights of his boxing career for you, so make sure you get to that part!

(Collectors won’t miss the chance to get this Rumble in the Jungle VHS copy right here.)

What is George Foreman’s age?

Today, the former world heavyweight champion is 73 years old and was born in Marshall, Texas, USA.

What is George Foreman’s Height?

The successful entrepreneur is 6 feet and 3 inches or 1.91 meters tall – the same as Muhammad Ali!

Other Quick Facts:

  • Eye Color – Dark brown
  • Favorite Food – : Salmon steaks
  • Smoking/ Drinking – No to both
  • Tattoos – None
  • IMDb Profile LinkGeorge Foreman

How Much Is George Foreman Worth?

George Foreman net worth is estimated at $340 million!

George Foreman Net Worth Year By Year

YearEarnings $
2017$290 million
2018$300 million
2019$300 million
2020$315 million
2021$340 million

George Foreman Books & Movies

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“When We Were Kings “

A documentary movie about big boxing names, including Foreman.

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“Foreman”

A documentary focused on George Foreman’s life and career.

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“George Foreman’s Walk and Box”

Exercise guide videos

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“George Foreman’s Walk It Off with George 2-Pack”

Exercise guide videos

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“No Way but to Fight: George Foreman and the Business of Boxing”

George Foreman’s biography told by Terry and Jan Todd

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“God In My Corner: A Spiritual Memoir”

George Foreman’s story of change and spiritual encounters

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“By George: The Autobiography of George Foreman”

George Foreman’s life and career written by the boxing champ himself.

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“George Foreman’s Indoor Grilling Made Easy”

Over 100 simple, healthy grill recipes

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“The George Foreman Lean Mean Fat Reducing Grilling Machine Cookbook”

Healthy, fat-reducing grill recipes

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“George Foreman Grill Cookbook: 101 Irresistible Indoor Grill Recipes for Busy People”

101 quick and easy grill recipes

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“George Foreman Electric Grill Cookbook For Beginners”

200 easy recipes for grilling newbies

George Foreman the Businessman

After dominating the boxing ring, Foreman the Businessman has successfully taken on the entrepreneurial world.

George Foreman net worth is impressive thanks to his investments – especially the George Foreman Grill.

In its time…

… he auctioned 100 million grill units before selling its naming right to grill manufacturer Salton for $138 million. The product was named the best dieting grill in the country.

Aside from that, he also ventured into personal care products and a restaurant franchise.

His UFood, KFC, Meineke, Doritos, and other big company endorsements are added to his wealth.

If you want to see how an Olympic gold medalist grills, get ‘The George Foreman Lean Mean Fat Reducing Grilling Machine Cookbook’ here!

The Young George Edward Foreman

Young George Foreman

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The American former professional boxer was born George Edward Foreman on January 10th, 1949. He was born in Marshall, Texas but grew up in Houston.

His biological father was Leroy Moorehead. But George’s stepfather, J. D. Foreman gave him his surname.

When he was 15…

George started to become the ‘troubled youth’ that he described himself to be. He dropped out of school and went on the streets on a mugging business.

Heard that right – the former boxer was also a former mugger.

Luckily, he changed his ways when he turned 16. He then asked his mother to sign him up for the Job Corps, to which she conceded. There, he earned his GED and carpentry and bricklaying training.

Then he moved to Pleasanton, California.

At first, he was into football. His favorite player was Jim Brown. But later on, he decided to become a boxer.

His supervisor at work helped him to begin his training.

George Foreman Family & Relationships

George Foreman Wife – Mary Joan Martelly

George Foreman Wife

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Mary Joan Martelly is George’s fifth wife. They married in 1985 and are still together up to now. She’s the mother of five of George’s children.

George Foreman Kids

George Foreman Kids

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The 1968 Olympic gold medalist has five sons named George Jr., George III, George IV, George V, and George VI. His daughters are Natalie, Leola, Michi, Georgetta, and Freeda. Then he adopted Isabella and Courtney.

All in all, George Edward Foreman has 12 kids!

Where are they now?

George III and Freeda followed in their dad’s boxing footsteps – until the latter died in an apparent suicide. George Jr. became a successful entrepreneur like his father, while George IV manages some family businesses.

George V once had a run-in with the law for allegedly assaulting his wife. And as for George VI – he’s a Muhammad Ali fan, according to his father.

George Foreman Parents – Nancy Foreman and J. D. Foreman

George Foreman Parents

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Nancy, Foreman’s mother, married J. D. Foreman and raised her children – including George – with him.

We have a lot more about Foreman’s life laid out for you! There’s his house, his car, and of course, his occasional feud against the law.

But before that…

Let’s take a look at the highlights of Foreman’s eventful boxing career.

George Foreman Boxing Career

  • Foreman was inducted into the International Boxing Hall of Fame (2003)
  • Foreman retired at the age of 48 (1997)
  • Foreman lost to Shannon Briggs (1997)
  • Foreman defended his title against Axel Schulz (1995)
  • Foreman won the World Heavyweight Championship title for the second time from Michael Moorer (1994)
  • Foreman lost Evander Holyfield after a promising run (1991)
  • Foreman had 24 consecutive wins from his comeback up to his match versus Holyfield (1987-1990)
  • Foreman retired for the first time at age 28 (1977)
  • Foreman lost to Jimmy Young by decision (1977)
  • Foreman tried to regain his title with five consecutive wins by KO and TKO (1976)
  • Foreman lost his title to Muhammad Ali in what people refer to as the Rumble in the Jungle(1974)
  • Foreman successfully defended his title against Ken Norton (1974)
  • Foreman won the World Heavyweight Championship title for the first time from Joe Frazier (1973)
  • Foreman was undefeated at the beginning of his career (1969-1974)
  • Foreman’s first professional boxing match was against Don Waldhelm (1969)
  • Foreman became an Olympic gold medalist (1968)

George Foreman Legal Issue

The World Boxing Hall of Fame honoree had faced controversies and allegations surrounding wins, losses, and even his Olympic gold medal.

But…

He gladly took all those punches, for they didn’t cost him as much money as his legal issue in 2006.

GreatMeals USA Inc. filed a $50 million lawsuit against Foreman, Greenberg Traurig LLP law firm, and their partner John C. Kirkland.

Allegedly… 

The former boxing commentator and television spokesperson breached his contract with GreatMeals. He was supposed to do promotions – but he didn’t!

GreatMeals had already spent around $38 million for licensing deals, catalogs, etc. They said that Foreman listened to the wrong advice and backed out.

The fans for sure took jabs at the boxer after that.

How George Foreman Spends His Money

George Foreman net worth is distributed to his money in the bank, impressive Texas mansion, and car collection. But he also gives a huge bulk of his bucks to charity.

True to his ordained Baptist minister behavior!

George Foreman House 

George Foreman House

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Foreman currently lives in his Huffman, Texas mansion.

In 2019, his household got a bit of a scare when the back of his garage caught fire. According to the fire department’s investigation, it started from an overheated golf cart.

George Foreman Cars

George Foreman Cars

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Luckily…

Foreman’s family wasn’t harmed during the 2019 garage fire.

And his massive classic car collection was fine too!

This car enthusiast has a Ford GT, Ferrari F40 and 360, Rolls-Royce, Lamborghini Diablo, and a whole lot more!

George Foreman Philanthropy

If Foreman isn’t going around giving away university scholarships to disadvantaged students… Or campaigning for Habitat For Humanity…

He spends his money on the programs and charity initiatives of his foundation, the George Foreman Youth Center.

Fun Facts About George Foreman

  • Foreman’s smiling face has never been seen before his near-death experience.
  • He owns a butcher shop that two of his kids manage.
  • George underestimated Ali because ‘he was such a good-looking guy.’
  • While his children are big steak eaters, George’s favorite is fish – particularly salmon.
  • One of the people who inspired him to venture into entrepreneurship was Mary Kay – yes, the girl behind the makeup!

5 Financial Freedom Lessons From George Foreman

  1. ‘Learn to sell, and you’ll never starve,’ as Foreman recalls Mary Kay saying.
  2. There’s no harm in taking a break.
  3. It’s never too late to turn away from a troubled past – even if it includes mugging.
  4. The higher the risk, the higher the return!
  5. Plan for a passive income source upon retirement – Foreman proves it pays a lot!

Top 3 Quotes From George Foreman

  • “I named all my sons George Edward Foreman so they would always have something in common. I say to them, ‘If one of us goes up, then we all go up together. And if one goes down, we all go down together!’”
  • “My kids’ idea of a hard life is to live in a house with only one phone.”
  • “That’s my gift. I let that negativity roll off me like water off a duck’s back. If it’s not positive, I didn’t hear it. If you can overcome that, fights are easy.”

Frequently Asked Questions (FAQs)

When And Where Did Big George Win His Gold Medal?

George won his gold medal during the 1968 Olympic Games in Mexico City.

What Are George Foreman’s Businesses Aside From The Grill?

Foreman has a restaurant franchise, a car muffler manufacturing company, a butcher shop, etc.

Did Foreman Go To College?

No, Foreman dropped out of high school, joined the Job Corps, and went straight to boxing.

Conclusion: George Foreman Net Worth and Biography

George Foreman’s life and career story have inspired us to take as many chances as the world’s punches.

The best part about it was how he went from mugging on the streets to collecting a bunch of vintage cars.

And his spiritual awakening story is straight out of a movie scene!

If you enjoy how these athletes throw punches, you’ll love Evander Holyfield’s Bounce Mojo Bio and Mike Tyson Bounce Mojo net worth.

And if you want to know more about Big George, get his autobiography RIGHT HERE!

Or Why not watch the movie Foreman you’ll love it.

Don’t forget to put that Bounce in your Mojo today!

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