How much money did George Foreman make from boxing?

How much money did he make? George Foreman from boxing?

The amount that "Big George" earned not only from fighting in the ring

For some people, the name George Foreman is associated with one of the best and most dominant boxers of the last century. He went on to impressive success, knocking out the undefeated until his 1973 fight with Joe Frazier to become the undisputed heavyweight champion. Foreman has 81 matches in the professional ring, of which he won 76 and lost only five of the meetings. In addition to the success against Frazier, there are 67 other victories by knockout. In general, "Big George" is a true legend in sports.

The curious thing about him is that he retired from the sport after a defeat by Jimmy Young, one of the first of his career and at a time when he was only 28 years old. In 1987, however, he returned to the ring and in 1994 he managed to knock out world champion Michael Moorer and, at the age of 45, once again climb to the top of the heavyweight division. In June 1995, he became the oldest world heavyweight champion at 46 years and 169 days. The legendary athlete is also an Olympic champion from the Games in Mexico City in 1968. But how much money has he managed to earn from boxing? We will learn the answer together in the following lines.

In his matches from 1969 to 1977, "Big George" managed to accumulate a fortune of approximately 5 million US dollars. Nothing impressive for a man who also faced Muhammad Ali and held the world titles for quite some time. Today, that sum amounts to about 20 million. However, after a series of bad decisions, bad investments and an overly extravagant lifestyle, Foreman went bankrupt and decided to return to the ring in 1987.

Although at a serious age, he does not stop impressing and reaches serious meetings that return him not only among the best in the sport, but also bring him good income, but still far from the huge sums that we are used to receiving from boxers nowadays. In fact, it is believed that only 30 million of his current fortune is due to boxing matches.

At the same time that he is not only having fun in the ring for the second time, but also winning his matches, George makes a very important decision suggested by his manager. Together with the famous wrestler Hulk Hogan, they can choose one of three products to be named after them. Hogan settles on a meatball maker and Foreman bets on a grill. This kitchen tool pays big dividends for the boxer, while it is a total failure for the Hulk.

The "George Foreman Grill" is a worldwide success with over 100 million units sold. From each of them, "Big George" gets 40% of the profit. In 1999, the grill company decided to pay the boxer 138 million to buy the full rights because it would be more profitable for them. From this deal, George receives nearly 250 million.

But what does it all mean? What is Foreman's true condition? It is believed that he currently has $300 million. In a special interview, George shared that he had months in which he won 8 million. Imagine that amount against the background of the five million achieved in his first professional stint in the ring. Strange or not, the name, the face and an unusual grill carry a far greater sum of George Foreman's fortune than his boxing matches, which make him a highly successful sportsman.

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