George Foreman is a legendary heavyweight champion. He died at the age of 76. His family announced his passing on March 21, 2025. Also, they shared their sorrow on Instagram. They revealed that George died peacefully. He was surrounded by loved ones. George was not only a boxing champion but also a successful entrepreneur. The champion was best known for the George Foreman Grill. Continue reading to learn more about George Foreman’s net worth.
George Foreman’s Boxing Career
George became famous for his incredible skills in the boxing ring. He made history by knocking out the then-undefeated Smokin’ Joe Frazier. This was in a second-round victory. Also, this fight helped him win the heavyweight title. Foreman successfully defended his title twice. This was before losing to Muhammad Ali in the famous “Rumble in the Jungle”.
Foreman made a surprising comeback at the age of 46. This was after he had retired from boxing. He defeated Michael Moorer. Thus, he became the oldest heavyweight champion in history. Moreover, his boxing record stands at a remarkable 76 wins and 5 losses. It carried 68 of those wins by knockout. This impressive record solidified his legacy in the sport.
Transition to Business
Foreman earned millions during his boxing career. However, his fortune grew significantly from his grill endorsements. Reports indicate that he earned around $5 million during his time as a professional boxer. Nevertheless, his biggest financial success came from the George Foreman Grill.
This grill became a popular household item. This was after its introduction in 1994. It promoted a way to cook food with less fat. This appealed to many health-conscious consumers. Also, over 100 million units of the Grill have sold worldwide. This is in its first 25 years.
Financial Success and Net Worth
George Foreman made headlines when he reportedly received $138 million in 1999. This was for his rights to use his name on his grill. This amount translates to over $268 million today due to inflation. Moreover, his earnings did not stop there. He also received around 40% of the profits from each grill sold. This earned him about $4.5 million each month.
George Foreman’s net worth was estimated at $300 million. This was by the time of his passing. This wealth came largely from his boxing career. Also, it came from his grilling business. His financial achievements kept him in the public eye. This was long after he had stepped away from boxing.
Remembering George Foreman
Foreman’s family wrote a heartfelt statement about their beloved father. They described him as a devoted preacher and a loving husband and father. He was married to Mary Joan Martelly in 1985. She was his fifth wife. Together, they celebrated 40 years of marriage.
He was also a father to 12 children. Interestingly, he named all his five sons George Edward Foreman. He distinguished them with their nicknames. His daughters include Natalia, Leola, Freeda, Michi, Georgetta, Isabella, and Courtney.
His family shared their grief with the public. They expressed gratitude for the love and prayers received during this difficult time. Also, they asked for privacy as they honored the life of a remarkable man.
