George Foreman Net Worth 2020, Biography, Early Life, and Career.
George Foreman Net Worth 2020 – George Edward Foreman is the former World Heavyweight Champion who started his life from street fights and poverty but trained himself to be a world-renowned boxer.
He is known for his epic fights with ace boxers like Muhammad Ali, Joe Frazier, Ken Norton, etc.
George Edward Foreman was born on the 10th day of January 1949 in Marshall City of Texas in the United States.
He was raised by his stepfather J.D Foreman whom his mother married after her divorce with his biological father.
While he was growing up, George experienced a rough childhood and even dropped out of high school when he was fifteen years old.
He later relocated to Pleasanton, California where he eventually started training as a boxer.
During 1981-83, Foreman got married and divorced thrice. It is also known that one of his wives fled to Barbados with their kids but he found them and got them back.
He has 12 children and 2 daughters. He has adopted two girls, Isabella Brandie Lilia, and Courtney Isaac, in the years 2009 and 2012 respectively. He lives with his wife Mary Joan.
By the age of twenty, George had honed his boxing skills and was ready to kick off his amateur career. Representing team US, George qualified for the Olympic Games held in Mexico City in 1968.
During the competition, George clinched his first gold medal after defeating Russia’s Jonas Cepulis. He also won his first amateur bout during the Parks Diamond Belt Tournament in 1967.
In the same year, he won the Las Vegas Golden Gloves after beating Thomas Cook in the tournament.
The following year, he won a series of championships including the San Francisco and AAU Heavyweight titles. Amazingly, the outstanding boxer finished his amateur career with a record of 22 – 4.
Turning pro in 1969, George Freeman became one of the most feared figures in the ring. He brutalized all his opponents at every game and was able to maintain an undefeated record of 37 – 0 in 37 bouts.
He triumphed over the then heavyweight champion Joe Frazier in 1973 to win his first heavyweight championship title.
Two years later, he surrendered to Muhammad Ali in the Rumble in a Jungle bout; thus earning his first career loss. In pursuit of his second title, the boxer also lost to Jimmy Young in 1977.
After his loss to Jimmy, George suffered a near-death situation in the dressing room; he had heat stroke and exhaustion.
After praying to God for healing, he became a Christian and further took a temporary hiatus from boxing so he could pursue a career as an ordained minister of God.
Later on, he founded a non-denominational ministry called George Foreman Youth and Community Centre situated in Houston.
Ten years after he left the game of boxing, George Foreman decided to return in 1987. Upon his return, the boxer triumphed over many top opponents including Dwight Muhammad Qawi, and Steve Zouski, among others.
He took a shot at the heavyweight title against Evander Holyfield but was eventually defeated by the Evander in 1991. He won the title later in 1994 after defeating his 20-years younger opponent Michael Moorer.
Foreman lost the title in 1996 after he was narrowly beaten by Shannon Briggs. He finally bowed out of the game after his loss to Briggs.
Throughout his career, George Foreman won 76 out of his 81 professional bouts.
While George Foreman returned from his temporary retirement, the boxing champion collaborated with Spectrum brands in manufacturing a fat-reducing grill called George Foreman Grill.
The business partnership began in 1994 and as of 2009, it has sold over a hundred million units.
The boxing champion was reportedly paid $138 million for the rights to use his name by the company. He also earns 40 percent of the profits from each grill sold.
Asides from the grill, George is also associated with other top brands including InventHelp, among others.
George Foreman is a retired American boxer and highly successful entrepreneur who has a net worth of $300 million.