Hot dogs, buns, and Victory! Joey Chestnut is a Hot dog champion who is a millionaire. He marks the world record for eating 76 hot dogs in Nathan’s Hot Dog Contest. The champ’s net worth has reached millions by participating in the eating contest. What is a hot dog contest? How has the competition made him a millionaire? Here is everything you wanted to know.
One of the most exhilarating events in the culinary world is “The hot dog eating contest.” This contest is held every year during America’s Independence Day.
The most notable annual Nathan’s “Famous International Hot Dog Eating Contest” was held at Coney Island in New York City. It is a competitive eating contest where contestants eat more hot dogs with buns. They should eat it in a specific period.
The contest has a unique format where participants will have to consume Hot Dogs as much as possible in the given time frame. It would be set to 10 minutes, and the hog buns and the condiments and buns will be served. The accompanied dips like mustard, ketchup, and sauce are available for contestants.
The contest was held every year then and has many astounding records, which are legendary. This year, the renowned competition is Nathan’s International Hot Dog Eating Contest which is held yearly at Coney Island.
Eventually, the contest has become one of the Independence Day traditions to the public. As we can expect, the winner is none other than the person who won the title fifteen times, Joey Chestnut.
Joey Chestnut, 39, who has been ace for the culinary eating contests since 2015, hasn’t lost a single competition. Chestnut debuted in the contest in 2005, and till now, the winner has become a millionaire through the eating contest.
He had earned millions by the contests so far. According to the reports that in 2022, Joey won five hundred thousand dollars from a hot dog contest, making his net worth more than “four million dollars.”
How did Joey Chestnut become a millionaire through the Hot dog eating contest?
Joey won the 92nd Annual Nathan’s Hot Dog Eating Contest for the first time on 04 July 2007 in Brooklyn. Joey has defeated Takeru’s “Tsunami” Kobayashi, a six-time maestro, by eating sixty-six hot dogs and a bun in a time scale of 12 minutes.
Joey beat Kobayashi by eating sixty-eight hot dogs and buns, which marked a world record. Interestingly, this gala of gluttony made him a multimillionaire over the years, along with winning titles. Now let’s dig up some information about how did the eating maestro become a millionaire by participating in a food-eating contest.
According to the reports, Joey has said that “when you see for yourself, it will be necessary to be seen as a business. But he was never known how far will it go”, he added. His income was earned through participating in many eateries contests, endorsements, and paid collaborations with brands.
The hot dog contest winner set a world record in various culinary contests. Maybe other competitors take it part-time because they cannot earn up to manage their living from it. Since 2007 he dominated the hot dog eating contest.
In 2010, after consecutively winning the third title of Nathan’s Contest, Joey made up his mind to quit his job at a management company in California and become a full-time eater.
Pepto-Bismol approached Joey to collaborate for the first time. It offered him forty-thousand dollars to compete in four variety eating contests. In 2014, he also purchased a house for a whopping $618,000.
At that time, his annual revenue was around two-hundred thousand dollars. He also endorsed various partnerships like raising cane’s chicken fingers, Wonderful Pistachios, DUDE wipes, and PepsiCo. Meanwhile, in 2022, his income reached more than five hundred thousand dollars.
Overall, Joey’s total net worth is estimated to be over four million dollars because of their investment in a company that Tesla acquired. Yet he emphasizes that making money is not his main objective. Joey thrives on the thrill of competition.
Yesterday on 4th July 2023, Joey Chestnut titled in this iconic culinary eating tradition Nathan’s mustard belt for the 16th time by consuming 62 hot dogs and buns in ten minutes in this iconic culinary eating tradition at Coney Island. We can also see that the contest feast has brought fortune for Joey and also fed his bank balance.
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