Net worth of George Foreman; The boxing legend who fought Muhammad Ali in the ‘Rumble in the Jungle’

George Foreman, the two-time world heavyweight boxing champion and Olympic gold medalist, has passed away. He was 76. According to a verified social media account dedicated to Foreman, the boxing legend died on March 21, 2025.
The Instagram post read: “Our hearts are broken. With profound sorrow, we announce the passing of our beloved George Edward Foreman Sr. who peacefully departed on March 21, 2025 surrounded by loved ones. A devout preacher, a devoted husband, a loving father, and a proud grand and great grandfather, he lived a life marked by unwavering faith, humility, and purpose.
A humanitarian, an Olympian, and two time heavyweight champion of the world, He was deeply respected — a force for good, a man of discipline, conviction, and a protector of his legacy, fighting tirelessly to preserve his good name— for his family.
We are grateful for the outpouring of love and prayers, and kindly ask for privacy as we honor the extraordinary life of a man we were blessed to call our own.”

Forman, whose legendary rivalry with Muhammad Ali culminated in the famous ‘Rumble in the Jungle’ title bout, had amassed an astonishing net worth of $300 million before he passed away.
Let’s take a look at his assets and fortune.

Back in 2023, IMDB noted that George Foreman had a net worth of over $300 million. While Foreman's boxing career was legendary, it was his business acumen that truly cemented his financial legacy. Among all his ventures, it was the famous George Foreman Grill that kept the boxer relevant even after retirement.

George Foreman Grill:
After struggling with financial setbacks in the late 1980s, Foreman embraced endorsements, capitalizing on his larger-than-life persona. His most lucrative venture came in the form of the George Foreman Grill.
The grill, which was introduced in the mid-1990s, became a massive success. Initially hesitant, Foreman ultimately agreed to lend his name to the product, and it paid off immensely. The grill sold over 100 million units worldwide, earning him an estimated $138 million in profits. In 1999, he struck a final deal, selling his stake in the brand for $137.5 million in cash and stock.

Beyond the George Foreman Grill:
Foreman didn't stop at kitchen appliances. After the wild popularity and success of George Foreman Grill, he expanded into fitness equipment, clothing lines, and even became a TV personality.
Moreover, he dedicated time to philanthropy, helping at-risk youth through the George Foreman Youth and Community Center.

George Edward Foreman was an American professional boxer, entrepreneur, minister, and author. In boxing, he competed between 1967 and 1997 and was nicknamed "Big George". He was a two-time world heavyweight champion and an Olympic gold medalist. As an entrepreneur, he was known for the George Foreman Grill.

After a troubled childhood, Foreman took up amateur boxing and first made a name for himself in the boxing world, securing a gold medal at the 1968 Olympics before turning professional. His most iconic moment came in 1973 when he knocked out Joe Frazier to become the world heavyweight champion. He defended the belt twice before suffering his first professional loss to Muhammad Ali in the ‘Rumble in the Jungle’ in 1974. Unable to secure another title opportunity, Foreman retired after a loss to Jimmy Young in 1977.