{"id":31292,"date":"2023-07-04T12:31:18","date_gmt":"2023-07-04T16:31:18","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/hot-dog-champ-joey-chestnut-has-made-millions-as-the-worlds-greatest-eater\/"},"modified":"2023-07-04T12:31:20","modified_gmt":"2023-07-04T16:31:20","slug":"hot-dog-champ-joey-chestnut-has-made-millions-as-the-worlds-greatest-eater","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=31292","title":{"rendered":"Hot-dog champ Joey Chestnut has made millions as \u2018the world\u2019s greatest eater\u2019"},"content":{"rendered":"
\n

Competitive eating champ Joey Chestnut hasn\u2019t only been putting away hot dogs for almost two decades \u2014 he\u2019s also put a few million dollars under his belt, including more than $500,000 last year alone.\u00a0<\/p>\n

In fact, Chestnut, 39, who\u2019s favored to win the Nathan\u2019s Hot Dog Eating Contest on Coney Island for the 16th time this Fourth of July, told USA Today that his net worth now exceeds $4 million, largely thanks to his piles of prize money, his paid appearances and his endorsement deals \u2014 with Pepsi being a recent \u201cgame changer,\u201d he said. <\/p>\n

\n

\u201cYou have to see yourself as a business when you\u2019re working for yourself,\u201d Chestnut told USA Today. \u201cBut I never knew how far it would go.\u201d<\/p>\n

Indeed, Chestnut has come a long way from when he made his Nathan\u2019s Hot Dog Eating Contest debut in 2005. The then-unknown made a splash that year by coming in third place (behind world champion gurgitator Takeru Kobayashi of Japan and Sonya Thomas of the U.S.) after chowing down 32 hot dogs and buns in 12 minutes.\u00a0<\/p>\n

Since 2005, Chestnut has eaten 1,152 hot dogs and buns in the annual July 4 event. He\u2019s won it 15 times over the past 16 years, including seven consecutive wins, ESPN reports. And the 76 hot dogs and buns eaten in 2021 remains the Nathan\u2019s Famous event record. What\u2019s more, Chestnut holds 10 of the highest hot-dog-eating totals in the gut-busting event. His official bio also notes that he also holds world records for eating everything from apple pies to Twinkies.\u00a0<\/p>\n

Where does the money come from? Chestnut started out working in construction while dabbling in competitive eating. But he was able to leave his job at a construction management company in 2010 to focus on competitive eating. He told USA Today that he took the leap of faith when the Procter & Gamble
\n PG,
\n +0.50%<\/bg-quote>
\n brand Pepto Bismol tapped him for four eating contests in 2010 at $10,000 per event. After that payday, he said that he got his mother\u2019s blessing to quit the construction gig to become \u201cthe world\u2019s greatest eater,\u201d as he describes himself.\u00a0<\/p>\n

Chestnut stepped up his game by signing with Everest Talent Management a year ago, which helped him land promotional deals with Dude Wipes, Raising Cane\u2019s Chicken Fingers, Wonderful Pistachios and\u00a0Pepsi
\n PEP,
\n +0.21%<\/bg-quote>.<\/span>
\n \u00a0Chestnut said last year \u2014 featuring that game-changing Pepsi pact \u2014 was the first time his income surpassed $500,000.\u00a0He also told the publication that he bought stock in a company later acquired by Tesla
\n TSLA,
\n +6.90%<\/bg-quote>,<\/span>
\n which has also helped grow his fortune.<\/p>\n

And if he wins the Nathan\u2019s Famous Hot Dog Eating Contest on Wednesday \u2014 with the men\u2019s event slated for 12:30 p.m. local time \u2014 he\u2019ll bag another $10,000. But Chestnut admits that he\u2019s still discovering his value, which is why signing up with a talent agency was key to his career.<\/p>\n

\u201cI\u2019m really good at eating, [but] I don\u2019t know my worth,\u201d he told USA Today. \u201cI\u2019m not good at negotiating contracts or making sure the contracts don\u2019t conflict with each other. So it was really important.\u201d<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Competitive eating champ Joey Chestnut hasn\u2019t only been putting away hot dogs for almost two decades \u2014 he\u2019s also put a few million dollars under his belt, including more than $500,000 last year alone.\u00a0 In fact, Chestnut, 39, who\u2019s favored to win the Nathan\u2019s Hot Dog Eating Contest on Coney Island for the 16th time […]<\/p>\n","protected":false},"author":1,"featured_media":31293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-31292","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nHot-dog champ Joey Chestnut has made millions as \u2018the world\u2019s greatest eater\u2019 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Competitive eating champ Joey Chestnut hasn\u2019t only been putting away hot dogs for almost 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