George Foreman knocked out a $300 million net worth. The former heavyweight champ built his fortune through boxing success and smart business moves.
Foreman's journey to financial success started in the ring. He grabbed gold at the 1968 Olympics and then crushed Joe Frazier in 1973 to become the world heavyweight champion. Though he lost his title to Muhammad Ali in the famous "Rumble in the Jungle" in 1974, Foreman wasn't done. He made an incredible comeback at 45, beating Michael Moorer to reclaim the heavyweight crown in 1994.
But Foreman's real money-making punch came outside the ring. In the mid-1990s, he put his name on a little kitchen appliance that would change everything - the George Foreman Grill. The grill became a massive hit, selling over 100 million units worldwide. Foreman's cut? A whopping $138 million in profits.
In 1999, Foreman landed an even bigger payday. He sold his stake in the grill brand for $137.5 million in cash and stock. Talk about a knockout deal!
Foreman didn't stop there. He branched out into fitness equipment, clothing lines, and even became a TV personality. His larger-than-life persona made him a natural for endorsements, helping him bounce back from financial troubles in the late 1980s.
The champ's also got a big heart. He set up the George Foreman Youth and Community Center to help at-risk kids, showing he's a champion outside the ring too.
Foreman's story is all about reinvention and grabbing opportunities. He went from boxer to businessman, and now he's even got a movie about his life called "Big George Foreman" where he's the executive producer.
From gold medals to grills, George Foreman proved he could roll with the punches and come out on top. His journey from the ring to the boardroom shows that with the right moves, you can be a champion in more ways than one.
