The name George Foreman conjures up various things in the minds of people of different ages. Many will remember the 24-year-old Texan who scored a technical knockout victory against Smokin’ Joe Frazier in 1973. It was the first defeat for the boxer who had previously lost to Muhammad Ali in the Rumble in the Jungle in 1974. After winning the gold medal in boxing at the Olympics, he became a professional.
He had never previously lost a bout until facing Muhammad Ali. It’s been said that he has some of the most brutal blows thrown in the boxing ring. “George Foreman,” an American who competed as a professional boxer for many years and was known as the finest in the world, has a net worth of $320 million.
George Foreman Biography
On January 5, 1949, he entered the world in Houston, Texas. Despite coming from a low-income background, he was able to take boxing lessons from a local instructor. Already an accomplished boxer at a young age, he was chosen for the Olympic team and went on to win the gold medal.
Originally from Houston, he is one of six siblings. George said in his autobiography that his childhood was traumatic. He dropped out of school when he was fifteen and began committing robberies shortly afterward. After a year, they convinced his mother to enroll him in Job Corps so they might change his future.
George Foreman Career
Foreman’s boxing career started when he won the heavyweight gold medal at the 1968 Olympic Games in Mexico City. Foreman was ten years older than the veteran he defeated, Jonas Cepulis, although Cepulis was just 29.
After his victory, Foreman circled the ring while holding an American flag and giving a thumbs up to the crowd. He considers earning the gold medal the pinnacle of his professional career. Foreman became professional in 1969 and quickly had a record of 13 wins, 11 through knockout.
Foreman won all 12 bouts in 1970 and added seven more knockout wins the following year. He continued his winning ways until 1974 when he met Ken Norton and Muhammad Ali, two more formidable opponents. After agreeing to fight Ali in what was dubbed “The Rumble in the Jungle,” he traveled to Zaire.
Foreman was down for the count after Ali delivered his first knockout blow. Foreman retired in 1977 after losing a decisive decision against Jimmy Young. Foreman had made quite a lot from his many fights by this point.
To make a long story short, by 1987, virtually all of that $5 million boxing fortune had been destroyed owing to bad investments and an extravagant lifestyle. It was terrible because you read about people being homeless, and they were only fractions, fractions from being homeless,” George said in a follow-up interview.
George Foreman Net Worth
George Foreman, a former American boxer and businessman, is worth an estimated $300 million. George Foreman is a remarkable example of success and determination as a two-time World Heavyweight Boxing Champion, Olympic Gold Medalist, multimillionaire businessman, and born-again Christian missionary.
You may be surprised to learn that just a tiny portion of George Foreman’s riches comes from his boxing career. Going pro in 1969, Foreman amassed an incredible 76 wins from 81 bouts, yet his net worth never surpassed $5 million, even at the height of his career in the 1980s.
Thankfully, Foreman is now independently wealthy thanks to the success of the chain bearing his name. More details concerning this grill and George’s royalties are provided later in the article. The estate that George and Mary Joan call home in Texas spans 40 acres.
George Foreman Relationship
George and Mary Joan have been married since 1985. He has produced twelve offspring via several relationships. His first wife was Adrienne Calhoun, with whom he was married from 1971 to 1974; his second, Cynthia Lewis, was his spouse from 1977 to 1979; his third, Sharon Goodson, was his spouse from 1981 to 1982; and his fourth, Andrea Skeete, was his spouse from 1982 to 1985.
The middle name George is shared by his daughters, whereas George Edward Foreman is the full name of his five sons. Foreman has insisted that all his children earn degrees, but a few have already made it to the professional ranks with diplomas.
With his recent first-round knockout in a professional bout, George III is continuing his father’s boxing tradition. In her brief career, the daughter Freeda went 4-1 with the gloves. Natalie, the mom, aspires to be a singer instead of a doctor or lawyer.