George Foreman made more money than his trauma more than boxing

• George Foreman, who died at the age of 76, was the world heavy boxing champion and the Olympic gold medal.
• Outside the circuit, Foreman has become a familiar name for a different reason: a grill bearing the same name.
• He once said that he had achieved “more than 200 million dollars” of grills, exceeding his professional profits in boxing.

George Foreman, whose death was announced at the age of 76, was first and above all the world heavyweight champion and the Olympic gold medal that won many titles over his long boxing career.

But outside the ring, Foreman has become associated with the kitchen device that changes the game.

George Foreman Grill first presented for the first time in more than 30 years, officially for George Foreman Lean Mean Mean Aducting Cling Machine-a cultural phenomenon thanks to its innovative design, which quickly provided a barbecue that does not smoke into the interior of consumers who realize health in the nineties.

The impressive fitness and the close personality made him the ideal stadium man to sell grills – and sell them.

Significance has become a synonym for boxing star as well as healthy eating

Foreman signed a support deal with SALUTON Inc. (Later known as Russell Hobbs, INC., it was now combined with Special Brands) for an amount that was not revealed in 1994. This is it In the same year, he regained the world title for heavyweight at the age of 45.

The following year, he began to appear in Infomercials to promote the product in which Foreman declared enthusiastically: “It is very good, put my name on it!”

The New York Times reported in 2002 when the grill described that the grill is “the elegant home system on the upper eastern side and certainly the modern element.”

George Foreman’s global popularity has led to sales of 100 million units in 15 years since its launch, according to Foreman’s book for 2009, “The Glossary”. Several George Foreman’s grills are included in the list of the best sellers in Amazon to this day.

“There is no doubt that the grill was more successful,” Foreman told Motley Cole newspaper, adding that “people know me more now,” as a result of its association with the device.

Foreman achieved a fortune in his second career as a supporter of the product

Foreman fluctuated a very profitable deal with Salton Inc. During the first few years of sales. Salton CEO Leonard Dreiman said Bloomberg In 2004, Foreman was paid to about 40 % of the grills profits, which led to a monthly salary of $ 4.5 million at the height of his success.

Foreman received a greater payment in 1999 when he bought Salon rights to use his name on the product forever 127 million dollars in cash and 10 million dollars in stocks. Foreman got about 75 % of the payment, which was organized as long -term capital gains to reduce the tax commitment to the sellers.

Two years after he retired from boxing, Foreman put financially for the rest of his life.

Speaking to Aarp in 2014, Foreman said that he had achieved “more than 200 million dollars” of grills and was getting up to $ 8 million per month.

It is not clear how much boxing he made, but he was the largest payment of his career Fees worth $ 5 million for “Rumble in the Jungle” against Muhammad Ali in 1974.

George Foreman barbecue almost never happened

Before Salton approached Foreman, the grill support deal was presented to Hulk Hojan.

The world would have got Hulk Hogan Grill because the WWE star picked up the phone when an actor from Salon called him in 1994.

Hogan also summoned a episode of “late at night with Conan Operation” in 2008, who said he had received an audio mail that shows that there are possible support deals that he was looking to put: a mixer and a grill.

Foreman did not miss his call and chose the grill, which means that when Hogan called again, he offered the mixer.

He said: “George got the lean barbecue, and I got a mixer that when she put a dual AA batteries, she would be erased and then stopped.”