Jabir Herbert Muhammad Group, until Ali's retirement in 1981. Muhammad negotiated the first multimillion-dollar earnings for any athlete, starting with the $2.5M Ali earned for the Frazier vs Ali “Fight of the Century” in March, 1971 and including the $5.5M purse Ali achieved for the Foreman vs Ali “Rumble in the Jungle” in Zaire in 1974. Muhammad was considered one of the most powerful figures in boxing in the 1960s and 1970s, achieving the International Boxing Hall of Fame's 1974 "Manager of the Year" award. He continued to manage Ali's career for another ten years after his retirement from boxing. Muhammad then went
George Foreman vs. Ken Norton winning the bout by first-round knockout. For his second defense, Foreman was matched up against Ken Norton for a March 1974 bout held in Caracas, the capital and largest city in Venezuela. Norton was coming off two successive fights against Muhammad Ali in 1973, winning the first fight in March by split decision (famously breaking Ali's jaw in the process), and then narrowly losing the second by another split decision in September. Norton's impressive performances against Ali made him one of the top heavyweight contenders for Foreman's titles, but the future hall-of-famer was installed as a 3–1 underdog against the