Foreman’s $100 Million Grill Deal: Inspiring Quotes & Business Genius

Boxing legend George Foreman passed away recently at the age of 76. A sad day for sports fans, for sure.

Foreman wasn’t just a boxer. He was a force. 81 fights. 76 wins. An Olympic gold medal. Two-time heavyweight champion. And, of course, the “Rumble in the Jungle” against Muhammad Ali. A true icon.

But Foreman’s story doesn’t end in the ring. Not even close.

After retiring, he became a minister. A broadcaster. And, surprisingly, the face of a kitchen gadget. The George Foreman Grill.

The Grill Deal: More Than Just a Spokesperson

Those grills? They’re still around. Electric. Portable. Perfect for indoor cooking.

Foreman wasn’t just slapping his name on them. He was making serious money. Reports say he was getting 40% of the profits early on. That’s about $4. 5 million a month. Seriously.

Then, in 1999, Salton Inc. paid a whopping $137. 5 million for the right to use his name. Talk about a knockout deal.

Foreman’s Wisdom: More Than Just Punches

Foreman’s image evolved over the years. From intimidating boxer to lovable, relatable guy. He had a way with words, too. Here are some gems:

On Connecting With People

“That’s bigger than anything, any endorsement, I don’t care who you are. They want to touch you; they want to know you. Then they buy you. ”

Simple, right? People buy into *you* as much as the product.

On Being Smart With Money

“You know that story about how you have four pockets in your pants, and you better save what’s in one pocket so you can live? I saved one pocket. I’ve got money for steak and potatoes. But the other three pockets I just blew. ”

We’ve all been there. Spending money without thinking. Foreman’s message? Save a little.

On Achieving Your Dreams

“Anything you desire, you can make happen. It’s like the song, ‘When you wish upon a star your dreams come true. ‘ Well, look at me tonight. ”

He became the oldest heavyweight champion *ever*. Proof that age is just a number.

Foreman’s Business Advice: Straight From the Champ

From his book, *Knockout Entrepreneur*, here are a few more lessons:

• Turn negatives into positives. Always.
• Don’t be afraid to take risks. Huge risks.
• You can choose who you want to be. Seriously.
• America loves a comeback story. Use that.
• Don’t let fear stop you from trying.
• Surround yourself with people who will tell you the truth.
• Don’t follow the crowd. Lead it.

Foreman’s life was full of lessons. In the ring and out. He’ll be missed.