George Foreman has made more money by selling his grills than for his successful boxing career. 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.