120 Famous Celebrities And Their Net Worth
Sunday, Aug 16, 2020, 1:53 pm
By:
Tony Williams
Most celebrities make a lot of money. They make millions of dollars every year.… Read More (+)
#109 George Foreman Net Worth ($250 Million)
George Foreman is a former American professional boxer. He won 2 world heavyweight boxing championships and an Olympic gold medal. George Foreman is one of the most famous boxing personalities of all time. With a net worth of $250 million, he is the second richest boxer in the world, comes second only to Floyd Mayweather, Jr.
George Foreman didn't make all his money from professional boxing, though! He signed a contract with Salton, Inc (currently Russell Hobbs, Inc), a company that makes indoor electric grills, allowing them to use him as a brand ambassador for their grills. George Foreman would receive 40% of the profit from the sale of each grill. In 1999, Russell Hobbs, Inc paid $138 million to George Foreman to buy his name totally, ending the previous 40-precent-stake contract.
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