Muhammad Ali Creates Health Food Line
Confectionary company Mars is teaming with 65 year old Ali to market a new line of reduced calorie snacks and drinks branded GOAT to help combat obesity in America. GOAT is an acronym for Ali's own title, 'Greatest Of All Time.'
Muhammad became concerned with obese children after his son Sadi struggled with weight issues as a youngster.
The obesity rates for people aged six to 19 in the U.S. have more than tripled since 1980.
He says, "It is time to pass on the values, beliefs and principles that made me a champ to the next generation of champions.
"I believe that better nutrition and respect for the mind and body will give everyone today the opportunity to rise above and be the best they can be."
Ali plans to introduce reduced-calorie foods and beverages for young adults, evoking his status as a three-time heavyweight boxing champion and American icon.
Lonnie Ali, told the New York Times that Ali was concerned about obesity in youngsters. "What Muhammad is working on is his legacy. How are people going to remember him? Muhammad says we should all be in a race to do good," she said.
Jack W. Plunkett, chief executive of Plunkett Research, a market research firm in Houston, told the New York Times nutritionally enhanced foods were increasingly good sellers. He also noted that Mars Inc., a multibillion-dollar company that is developing GOAT products with Mr. Ali and Peter Arnell, chairman of the Arnell Group, would be involved only if it believed the foods would be major sellers, earning $50 million to $100 million a year.
Mr.Plunkett speculated that Ali could easily earn $1.5 million a year from this venture. George Foreman has earned more than $137 million for promoting the George Foreman grill.
Muhammad Ali recently sold 80% of the rights to his name and image for $50 million.
Let's Inspire Success, Ownership, and Financial Independence!
As the world faces unprecedented challenges, one thing remains clear: the power to shape our own destiny lies within our hands. At BlackEntrepreneurProfiles.com, we are committed to fostering a brighter future for individuals of African descent worldwide through entrepreneurship and financial empowerment.
Together, let's pave the path to success! Your contribution matters. Donate today and be a catalyst for change.
Latest News & Articles
-
Elon Musk is Richer Than Most African and Caribbean Economies
Created by BlackEntrepreneurProfiles.comWhat happens when you compare the owner of SpaceX to the GDP of South Africa, Jamaica, or St. Vincent? The results are shocking. Discover the massive…
-
Elon Musk Cancels Partnership for Don Lemon's X Show
Created by BlackEntrepreneurProfiles.comElon Musk has ended X's planned partnership with former CNN anchor Don Lemon. This decision comes shortly after Lemon conducted an interview with the…
-
South Africa Opens Its Doors to Remote Workers With New Digital Nomad Visa
Created by BlackEntrepreneurProfiles.comSouth Africa is joining the growing trend of nations recognizing the potential of remote work and is taking steps to attract digital nomads. A newly…
Recently Added Black Entrepreneurs & Executives
-
Kevin Hart
Created by BlackEntrepreneurProfiles.comKevin Hart, widely recognized as a Hollywood A-lister and comedic powerhouse, has established himself as both a successful entrepreneur and a shrewd…
-
Peter Akwaboah
Created by BlackEntrepreneurProfiles.comPeter Akwaboah is a finance industry professional with nearly three decades of experience. He was recently appointed Chief Operating Officer by Fannie…
-
Bolaji Agbede
Created by BlackEntrepreneurProfiles.comBolaji Olaitan Agbede is Acting CEO of Access Holdings Plc following the passing of founding Group Chief Executive Officer, Herbert Wigwe. She is a…
FTC: Black Entrepreneur & Executive Profiles is reader supported, we may earn income on affiliate links. You support us by using our links to buy products, it will cost you nothing extra.
We also a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.