George Foreman Jr., the eldest son of legendary heavyweight boxing champion George Foreman, has invested in Brilliant Entertainment Inc., which provides major distribution and promotion for independent artists.
Under the new deal, George Jr. and George Foreman III will launch their own labels, with George Jr. focusing on classic R&B, while George III will concentrate on Hip-Hop releases.
"I believe that there is a solid opportunity in the record industry for both independent labels and emerging acts. Our investment and participation in Brilliant will allow us to exploit this opportunity and bring further value to our investment portfolio," George Jr. said.
In addition to the their foray into the music business via Brilliant Entertainment, George Jr. and George III are also vice president's of George Foreman Enterprises, which was founded by George Sr.
The pair also own an investment company, JR3, which invests in real estate, apparel, exercise equipment, sporting goods, financial services, open-wheel Racing and music.