George Foreman Career and Net Worth
Who is the richest boxer of all time?, George Foreman Career and Net Worth
George Foreman is a retired American boxer as well as a shrewd entrepreneur. He has about $300 million in net worth as at January 2023. George in a very enviable company. He is a two-time World Heavyweight Boxing Champion, and an Olympic Gold Medalist. He is an epitome of perseverance and tenacity.
George Foreman Early Life
George Foreman was born on January 10, 1949 in Marshall, Texas. He was brought up in Houston with six siblings. His biological father was Leroy Moorehead but he was raised by J.D. Foreman. George recounts a very difficult and troubled youth. He dropped out of school and took to attacking and robbing people at the age of 15.
George wanted to salvage what was left of his young life when he begged his mother to sign him up for Job Corps a year later. He wanted to use the job corps to get his GED. He trained as a carpenter and bricklayer. He had his first boxing exposure when he relocated to Pleasanton, California to train for boxing.
George Foreman Career
Foreman announced his presence in the ring triumphantly winning a gold medal in the 1968 Mexico City Olympic Games in the heavyweight division. He shockingly beat Jonas Cepulis, a veteran who was more than 10 years older than him with 12 years experience.
He recounts the joy he had upon winning the gold medal saying the gold medal was the achievement he was most prod of in his entire career. He made the transition into a pro in 1969 winning 13 fights that calendar year with 11 of them being total knockouts.
He did a clean sweep in 1970 winning all 12 of his bouts. His winning streak continued until he began facing much tougher opposition in Ken Norton and Muhammad Ali in 1974. His fight with Muhammad Ali was dubbed “Rumble in the Jungle”, Foreman made a trip to Zaire prior to the bout. Ali became the first boxer to knock Foreman down.
After a couple of unsuccessful attempts at victory, Foreman retired in 1977 following a very humiliating and humbling loss to Jimmy Young. At this time, Foreman had a lot of cash he amassed during his very successful time in the ring. He lost almost all of his savings almost $5 million to bad investments and profligate spending. Who is the richest boxer of all time? The richest boxer of all time remains Floyd Mayweather Junior.
Foreman was almost down to bankruptcy. He was compelled to make a return into the ring. He staged a very impressive comeback after which he became a boxing commentator for HBO
George Foreman Personal Life
Foreman has been married to his wife Mary Joan since 1985. George has a total of 12 children from his numerous relationships.