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When someone presented a fat-reducing countertop grill to two-time world heavyweight champion and Olympic gold medalist George Foreman in the 1990s, he wasn't impressed.
"I didn't want to use it," he admitted to Graham Bensinger (1) in his 2013In Depthinterview.
"But my wife insisted." Little did he know that this modest grill would lead to one of the largest payouts of his career.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 —6 ways to build wealth like a landlord without actually being one JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA.Learn more with a free guidefrom Priority Gold The tax breaks in Trump's 'big beautiful bill' expire after 2028 — and experts say most people won't act in time.What to do before the window closes "I never expected it to be so successful," he told Bensinger.
"I got a check once for $1,500 and I said 'what!?' [I] couldn't believe it.
And then all of a sudden the checks just start rolling in.
This thing sold over 100 million [units]." At its peak, Foreman estimated he was receiving $5 million a month in royalty checks.
However, because of the way the deal was structured, his largest payout was still ahead of him.
Here's how a simple tactic led to a nine-figure windfall for the heavyweight champion.
Unlike his previous endorsement deals, Foreman told Bensigner the George Foreman deal didn't involve any upfront payments.
Instead, it was structured as a joint venture, with the athlete receiving a "lion's share" in exchange for promoting the product.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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