George Foreman net worth is one of the most impressive in sports history. While many people know him as a world-famous boxer, his wealth didn’t come just from the ring. Over the years, George Foreman became a smart businessman, a popular TV personality, and the face of a best-selling kitchen grill. His story is about more than boxing—it’s about turning fame into fortune and failure into success. In this article, we’ll explore his life, from his early struggles to his rise as a champion and millionaire entrepreneur.
Who is George Foreman?
George Foreman is a famous American boxer, businessman, and TV personality. He became world-famous after winning a gold medal at the 1968 Olympics and later becoming a two-time heavyweight boxing champion.
Even after retiring from the sport, he didn’t stop working. Instead, he built a strong business career, most known for the popular George Foreman Grill. Today, George Foreman net worth reflects both his success in boxing and his smart business decisions.
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| Full Name | George Edward Foreman |
|---|---|
| Date of Birth | January 10, 1949 |
| Place of Birth | Marshall, Texas, USA |
| Nationality | American |
| Height | 6 feet 3 inches (191 cm) |
| Weight | 260 lbs (118 kg) |
| Occupation | Boxer, Entrepreneur, TV Personality |
| Boxing Titles | 2-Time Heavyweight Champion |
| Olympic Medal | Gold Medal – 1968, Mexico City |
| Spouse | Mary Joan Martelly (m. 1985–present) |
| Children | 12 (5 sons, 7 daughters) |
| Net Worth (2025) | $300 million |
| Famous Brand | George Foreman Grill |
Early Life
George Edward Foreman was born on January 10, 1949, in Marshall, Texas. He grew up in Houston in a poor neighborhood. Life was tough. He got into trouble and dropped out of school at the age of 15.
Things changed when he joined the Job Corps, a program that helped young people learn work skills. It was there that he discovered boxing. One of his mentors noticed his talent and encouraged him to train seriously.
Education
Foreman did not attend a regular high school or college at first. However, through the Job Corps, he earned his GED (General Education Diploma). This gave him a second chance at education and discipline.
More importantly, he studied boxing seriously. He trained hard every day and learned the basics of the sport. Even though he didn’t go to college, he became highly educated in the world of athletics and business through life experience.
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Relationship
George Foreman has been married five times. His current and longest marriage is with Mary Joan Martelly, whom he married in 1985. Together, they have five children.
Despite his early relationship struggles, Mary Joan helped him stay focused and grounded. Their bond has remained strong for decades.
He often credits her support for many of his successes in both his personal and professional life.
George Foreman Net Worth and Career
George Foreman’s career started with a bang. In 1968, he won an Olympic gold medal in boxing. By 1973, he became the Heavyweight Champion of the World after defeating Joe Frazier.
His fame grew fast. But in 1974, he lost the title to Muhammad Ali in the famous “Rumble in the Jungle” fight. In 1977, he shocked fans by retiring from boxing to become a Christian minister.
Years later, in an amazing comeback, he returned to boxing in the late 1980s. In 1994, at age 45, he became the oldest fighter to win the heavyweight title, proving anything is possible.
Yet, the biggest surprise came outside the ring. In the late 1990s, George became the face of the George Foreman Grill. The grill became a household name, and millions of units were sold. This changed everything about George Foreman net worth.
Today, his career includes:
- Boxing champion
- Olympic gold medalist
- Minister
- Business mogul
- TV personality
- Motivational speaker
He went from punches to profits in an inspiring way.
Family
George Foreman has 12 children — five sons and seven daughters. All of his sons are named George (George Jr., George III, George IV, etc.). He says this helps them stay connected and proud of their roots.
Some of his children have entered sports, TV, and business, following in their father’s footsteps. George is a proud and devoted father who believes in strong family values.
He’s also a grandfather and enjoys spending time with his extended family.
George Foreman Net Worth
George Foreman net worth is estimated to be around $300 million as of 2025.
Let’s break down where this money comes from:
| Source | Estimated Earnings |
|---|---|
| Boxing Career | $80 million (approx.) |
| George Foreman Grill Deal | $200 million+ |
| Endorsements & TV | $10 million+ |
| Book Sales & Speaking | $5 million+ |
Most of his fortune comes from the George Foreman Grill. In the late 1990s, he signed a deal with Salton Inc., the company behind the grill. It’s reported that Foreman earned over $137 million just from selling the rights to his name.
That deal made him richer than most athletes—even though it had nothing to do with sports. His smart choices and trusted image helped him become a powerful brand.
The story of George Foreman net worth is not just about money—it’s about transformation and thinking ahead.
Social Links
George Foreman stays active on social media. He shares motivation, faith, and fun memories from his past.
He uses these platforms to inspire fans and promote his business ideas. His posts often reflect his belief in hard work, faith, and family.
Physical Appearance
George Foreman is a big and strong man, both in his youth and even now. He stands 6 feet 3 inches tall (191 cm) and weighs around 260 pounds (118 kg).
During his boxing days, he was known for his:
- Powerful build
- Broad shoulders
- Fast punches
- Intimidating presence
Even in his 70s, George looks fit and healthy. He speaks often about staying active and eating right, especially after years of promoting the grill, which encourages healthier cooking.
Frequently Asked Questions
How did George Foreman make most of his money?
While George Foreman earned millions from boxing, most of his wealth came from the George Foreman Grill. He earned over $200 million from this business deal, which greatly increased George Foreman net worth.
Is George Foreman still rich after retiring from boxing?
Yes, even after retiring from boxing, George Foreman net worth remains high—around $300 million. His success as an entrepreneur, author, and TV personality keeps his income steady.
What is the value of the George Foreman Grill deal?
George Foreman reportedly earned $137 million in a single payout for selling the rights to use his name. This deal played a major role in boosting George Foreman net worth beyond his sports earnings.
Conclusion
George Foreman’s journey is truly incredible. He went from a troubled youth to an Olympic champion, from a boxing icon to a minister, and finally to a multi-millionaire entrepreneur.
Today, George Foreman net worth tells the story of success built on resilience, second chances, and smart choices.
