History
Foster began marketing and selling products at an early age. Nicknamed "Kid Tycoon", the "Milkshake Tycoon" and "The boy with the Midas Touch", Foster was already promoting themed nights at a Gold Coast discothèque two years before he was legally allowed in the club, and became a boxing promoter at 17.
When he was aged 20 he was fined by a court in Australia for attempting to make a fraudulent insurance claim when a boxing match that he was promoting fell through. The following year he was declared bankrupt in Australia after trying to market a product aimed at people who wanted to quit smoking.
In 1983, Foster became a television producer and filmed a documentary with Muhammad Ali while living with Ali at his home near Wilshire Boulevard.
Read more about this topic: Peter Foster
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