George Foreman Net Worth: Is He The Inventor of ‘The Grill’?

George Foreman, born January 10, 1949, in Marshall, Texas, was a boxer and businessman. He had a difficult life, dropping out of school at the age of 15 and becoming a well-known street mugger. He made a decision to improve his life when he was 16, enrolling in the Jobs Corps and training as a bricklayer and carpenter.

He looked up to Jim Brown and wanted to play football, but when he realized he wouldn’t get a chance, he opted to try boxing instead. He is now regarded as one of the best knockout boxers of all time, having won 68 of his 76 fights by KO.

Early Years of George Foreman

To different generations, the name George Foreman symbolizes different things. Some may recall the 24-year-old Texan who knocked out the unbeaten Smokin’ Joe Frazier in 1973. The same fighter that suffered his first defeat at the hands of Muhammad Ali in the 1974 Rumble in the Jungle.

The Rumble was a historic conflict in Zaire that became the subject of the Academy Award-winning documentary When We Were Kings. If you’re younger, you’re probably more familiar with George Foreman as the jolly guy on TV who offers Meineke mufflers and the George Foreman Lean Mean Fat Reducing Grilling Machine.

george foreman net worth

On January 10, 1949, George Foreman was born in Marshall, Texas. He was raised in Houston with six siblings. J.D. Foreman reared him, although his real father was Leroy Moorehead. George described himself as a difficult adolescent in his book.

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At the age of fifteen, he dropped out of school and became a mugger. A year later, he decided to make a change in his life and persuaded his mother to enroll him in Job Corps. He intended to get his GED through Job Corps and work as a carpenter and bricklayer. After relocating to Pleasanton, California, he began boxing training.

Career of George Foreman

In 1968, Foreman won the Olympic Heavyweight Boxing Championship in Mexico City, winning a gold medal. During this time, there were civil rights and Vietnam-related riots in the United States. The African-American community was still uncertain as to whether or not it would accept US policy.

The following year, Foreman made the decision to pursue boxing professionally and engaged in intense boxing training. People attacked Foreman despite all of his victories, stating that he only won because he fought against has-beens.

In 1977, Foreman’s life trajectory shifted. Although he defeated Pedro Agosto in Florida, he was defeated by Jimmy Young in Puerto Rico.

george foreman net worth


After a decade-long absence from the boxing ring, Foreman announced his return in 1987, at the age of 40, to everyone’s surprise. In Sacramento, California, he knocked out Steve Zouski in the fourth round despite being out of condition. In 1988, he won nine fights, including one in which he knocked out Cruiserweight Champion Dwight Muhammad Qawi.

What is the Net Worth of George Foreman?

According to Celebrity Net Worth, George Foreman is a retired American boxer and incredibly successful entrepreneur with a $300 million net worth. George Foreman, a two-time World Heavyweight Boxing Champion, Olympic Gold Medalist, multimillionaire entrepreneur, and born-again Christian missionary, exemplifies a remarkable success story.

George Foreman’s net worth is worthy of a champion, but you’d be shocked by how little of it comes from boxing. After going professional in 1969 and amassing an amazing record of 76 victories out of 81 bouts, Foreman had a relatively modest net worth of $5 million at the height of his boxing career in the 1980s.

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Fortunately, Foreman is now a very wealthy guy thanks to the grill that bears his name. This grill and George’s royalties are discussed in greater depth later in the story.

Is George Foreman The Inventor of ‘The Grill’?

George Foreman was not the inventor of the grill, contrary to what some people may believe. Michael Boehm of Batavia, Illinois, invented the grill, according to an article headlined “The Inventor of the George Foreman Grill Sets the Record Straight” published by Entrepreneur.

george foreman net worth


Born in Marshall, Texas on January 10, 1949, George Foreman was a boxer and businessman. His life was terrible since he dropped out of school at age 15 and became a renowned street mugger. George Foreman, according to Celebrity Net Worth, is a retired American boxer and immensely successful entrepreneur with a $300 million net worth.

Frequently Asked Questions

How Much Did George Foreman Earn With His Grill?

Prior to then, he was paid approximately 40 percent of the profits on each grill sold, earning him $4.5 million a month in royalties at its peak. It is estimated that he has earned a total of over $200 million from the endorsement, which is considerably more than he made as a boxer.

What Makes a George Foreman Grill So Special?

Two grill plates are attached to a floating hinge on these grills. This allows the grill to cook all sides of the meal simultaneously, saving cooking time. George Foreman grills are distinguished by their floating hinge.

What is George Foreman’s Age?

Born on January 10, 1949, George Foreman is currently 73 years old.

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