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George Foreman Net Worth

Emmy Wallin

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George Foreman's Net Worth

Net Worth:$300 Million
Age:70
Born:January 10, 1949
Country of Origin:United States of America
Source of Wealth:Professional Boxer
Last Updated:2020

Introduction 

George Foreman is an American former professional boxer who competed from 1969 to 1977. He is a two-time world heavyweight champion and an Olympic gold medalist. Outside the sport he is an ordained minister, author, and entrepreneur.

As of 2020, George Foreman’s net worth is estimated to be $300 million. 

 

Early Life 

George Edward Foreman was born on the 10th of January, 1949 in Marshall, Texas. He was raised by his mother and his stepfather J.D. Foreman, whom his mother married after he was born. 

As a youth he got into trouble with the law many times and got dropped out of the school at the age of 15. He was often involved in street fights and gang clashes.

 

Career 

In 1968, Foreman went on to win a gold medal in Olympics’ Heavyweight Boxing Championship in Mexico City. It was during this time that there were riots in US over civil rights and Vietnam. African-American community was still under speculation whether to support US policy or not. 

The following year, Foreman decided to take up boxing professionally and went through serious and rigorous boxing training sessions. 

 Despite all his wins people criticized Foreman and said that he only won these matches because he fought against the has-beens.

In 1977, the course of Foreman’s life changed. Although, he won the match against Pedro Agosto in Florida, he lost to Jimmy Young in Puerto Rico. 

After 10 years of keeping himself away from the boxing ring, in 1987 Foreman declared his comeback at the age of 40, surprising everyone. Despite being out of shape, he knocked out Steve Zouski in the 4th round of the match in Sacramento, California.

In 1988, he won 9 fights, notably knocking out the Cruiserweight Champion Dwight Muhammad Qawi in one of these fights.

As of 2020, George Foreman’s net worth is roughly $300 million. 

 

Highlights 

Here are some of the best highlights of George Foreman’s career:

  • Associated Press Male Athlete of the Year (1994) 
  • Best Boxer ESPY Award (1995) 

 

Favorite Quotes from George Foreman 

“The world is full of people who want to play it safe, people who have tremendous potential but never use it. Somewhere deep inside them, they know that they could do more in life, be more, and have more — if only they were willing to take a few risks.” – George Foreman

“So many of us have loved ones and people we really care about, and the only time we show affection is when they are gone. I have preached at funerals, and you see loved ones who didnt even say hello to dear ones when they were alive. Give them hugs, kisses while they are alive and need it.” – George Foreman

“In boxing, I had a lot of fear. Fear was good. But, for the first time, in the bout with Muhammad Ali, I didnt have any fear. I thought, This is easy. This is what Ive been waiting for. No fear at all. No nervousness. And I lost.” – George Foreman

“Its very important that people know that I really enjoy everything that has happened to me. And I tell my kids… youre not going to be the tallest, fastest, prettiest, the best track runner, but you can be the nicest human being that someone has ever met in their life. And I just want to leave that legacy that being nice is a true treasure.” – George Foreman

“Heroes have a rough time because they stand up when they ought not to, they speak when they ought not to; they always have to go that extra mile.” – George Foreman

 

3 Business Lessons from George Foreman 

Now that you know all about George Foreman’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him: 

 

1. Learn How to Sell

If you want to be a successful entrepreneur you need to develop the ability to sell. Selling is not just convincing customers to buy your products or services. Selling is getting employees, media, investors, suppliers, and everyone else who is involved in your business to believe in what you’re doing.

After Foreman came back to boxing and, at 44 years of age became the oldest person ever to become champion, he started getting calls to endorse companies and become their spokesman.

 

2. Get People to Like You

During his early boxing career, people hated George Foreman inside and outside of the ring. He stormed into the ring with rage and didn’t have much finesse to his game.

Foreman was in it for the money at the start and he didn’t care what other people thought of him.

He even showed up to one fight against Muhammad Ali with an angry German Shepherd by his side to try to intimidate his opponent. But in order for him to be an effective salesperson he had to change his persona and get people to like him.

 

3. Keep Trying Until it Works

Foreman isn’t afraid of failing in business. He’s done everything from specialty shoes made for diabetics to a health-food restaurant chain to a reality television series.

He’s willing to try almost anything if he thinks it might be a good opportunity and it’s something he believes in. As long as the business is something he can feel proud of and won’t damage his integrity, Foreman is willing to stretch his brand to almost anything. You never know until you try!

 

Summary 

George Foreman is the former World Heavy weight Champion who started his life from street fights and poverty but trained himself to be a world renowned boxer.

He has been rated as one of the 25 greatest fighters of the past 80 years by The Ring magazine. The magazine also ranked him as the 9th greatest puncher of the century. 

As of 2020, George Foreman’s net worth is roughly $300 million. 

What do you think about George Foreman’s net worth? Leave a comment below. 

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

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