The George Foreman Grill Empire George Foreman, the legendary two-time heavyweight boxing champion, has a net worth estimated at over $300 million as of 2025, making him one of the wealthiest boxers in the world. While his boxing career earned him millions, his true financial knockout came from a business venture that had nothing to do with fighting: the George Foreman Grill.
In 1994, Foreman was approached to endorse a new indoor grill that could cook food from both sides and drain fat away. Instead of taking a standard endorsement deal of a few hundred thousand dollars, he made a bold move and negotiated for 45% of the profits. This decision turned out to be one of the most lucrative in sports marketing history. The “George Foreman Lean Mean Fat-Reducing Grilling Machine” went on to sell over 100 million units worldwide. At its peak, Foreman was earning up to $8 million a month in royalties. He later sold the rights to the grill for a staggering $137.5 million, a sum far greater than all his boxing career earnings combined. His financial story is a powerful example of an athlete using his name and influence to build a business empire.
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