During his time in the ring, George Foreman “hated” boxing, but had to keep fighting for the paycheck. While he went from earning a few thousand dollars to earning millions with purses, his famous grill turned out to be a much better investment.
While the endorsement deal didn’t include any guaranteed money, Foreman was entitled to 45 percent of the product’s profits; before long, the grill was a hit, and the checks started rolling in. Foreman also earned at least $11 million for his grill-based TV appearances and took home an additional $137.5 million in cash and stock as part of a buy-out.
While $200 million has been the standard estimate for Foreman’s earnings, the boxer actually stated that they were much higher. “Much more,” he told AARP in 2014. “There were months I was being paid $8 million per month.”
Regardless of the exact number, that’s not a bad profit for the former heavyweight champ.