Being in the spotlight means getting the chance to earn a ton of money in various ways. Many stars like to cash in on endorsements with large brands. Whether you're a major athlete, one of the world's biggest rappers, or a Hollywood star with a record of success, brands want to work with big names.
Joey Chestnut is a legendary competitive eater, and the man has made his share of money by chowing down at a pace that kills.
Chestnut has also made plenty of money with sponsorships, and we have some key details about the brands he's worked with below!
Joey Chestnut Is A Powerhouse Professional Eater
Recently, the best competitive eaters on the planet all took center stage in Coney Island to compete in the Nathan's Hot Dog Eating Contest. Once again, Joey Chestnut dominated his competition, something that fans have grown familiar with.
Chestnut has been a powerhouse in the competitive eating game for years, and there is no one coming close to matching what he's doing. Essentially, he's the Wayne Gretzky of competitive eating, and everyone else is simply trying to keep up.
Chestnut gained notoriety with hit hot dog eating, but the man also holds a ton of world records.
"Joey holds the records for eating hard boiled eggs (141 in eight minutes), bratwurst (70 in 10 minutes), Matzoh balls (78 in eight minutes), hot dogs (69 in 10 minutes at the 2013 Nathan's contest), steak (4.5 pounds plus sides in under nine minutes), pork ribs (13.76 pounds in 12 minutes) and asparagus (12.8 pounds in 10 minutes). On July 4, 2016 Joey ate 70 hot dogs. A year later he ate 72. A year later he ate a world-record 74. At the 2019 Nathan's contest he secured a 12th title with 71 dogs eaten," Celebrity Net Worth writes.
Thanks to all the success that he's achieved, Joey Chestnut has been able to earn himself a fortune.
Joey Chestnut Is Currently Worth $2.5 Million
According to Celebrity Net Worth, Joey Chestnut is currently worth a solid $2.5 million. As you can imagine, a fair amount of this money has come from winning the biggest eating competitions on the planet.
"With about 3,500 competitive eating contests every year in the United States, and the average purse ranging from $1,000 to $8,500, the only way to make any real money is to compete and win all year long — which is exactly what Chestnut has done. From 2005 to 2021, Joey Chestnut has competed in hundreds of contests and won more than $600,000 in prize money," Huddle Up writes.
It's a good thing Chestnut stays busy, because the payouts for these competitions usually isn't too great. Sure, first place at the Nathan's Hot Dog Eating Contest is $10,000 in total, but that's just a single event, and that money only stretches so far.
While he has done well by making money with his competition wins, there is another way that Joey Chestnut has been able to earn money.
Endorsement Deals Can Go Up To $500,000 Extra Per Year For Chestnut
Thanks to his notoriety and fame, Joey Chestnut has been able to work with some major brands. These partnerships have been huge in boosting the competitive eater's net worth through the years.
Huddle Up notes that "more importantly, Chestnut has parlayed his increase in popularity into multiple endorsement deals. According to Celebrity Net Worth, Chestnut makes between $250,000 and $500,000 per year from winning competitions and endorsement deals with Hooters, Hostess, Coney Island IPA, and, of course, Pepto Bismol."
That is an impressive amount of money to be earning altogether, and it shows that Chestnut knows how to cash in on opportunities.
While this is already solid for the eater, he's also had some other irons in the fire.
"Chestnut also owns his own line of condiments for hot dogs, brats, sausages, wings, sandwiches, and more, but it’s unclear if he currently turns a profit on that business venture," Huddle Up reports.
The competitive eater has also earned money on social media, including his YouTube channel, which has over 250,000 subscribers.
It is pretty amazing to see what he has been able to accomplish during his dominant winning streak on the national stage. There are plenty of competitive eaters that make a ton of money, including YouTube legends like Matt Stonie and Adam "Beard" Moran, but it's still great that Chestnut has predominantly made his coin outside the cyber sphere.
We still have to wait roughly another year before Joey Chestnut looks to extend his unbelievable winning streak. It's likely that the star can continue to increase his net worth during that time.
