Joey Chestnut Net Worth: Was He Able to Set Eating Record in 2022?

In the realm of competitive eating, Joey Chestnut is one of the most well-known eaters. His Groundhog Day is the Nathan’s Hot Dog Eating Contest, which takes place on July 4. Chestnut never disappoints on the day of competition eating.

In 2005, as a student at San Jose State University, Chestnut took his initial steps into the realm of competitive eating. In that year, he achieved his first major success by devouring six and a half pounds of fried asparagus in 11 and a half minutes. Chestnut competed in his first Nathan’s Hot Dog Eating Contest that year, eating 32 hot dogs to qualify for the finals.

A rising star on the competitive eating scene, Chestnut was able to leave his full-time construction management job in 2011 and devote himself completely to training for eating contests. He won his fifth consecutive Mustard Belt in the Nathan’s Hot Dog Eating Contest that year.

There is no doubt in my mind that he is the greatest competitive eater of all time. In 2021, he broke a new record for the most hot dogs eaten in 10 minutes, going from 75 in 10 minutes in 2020 to 76 in 2021. In 2022, was Chestnut be able to outdo himself?

How He Entered This Field?

Joey began competing in eating events in 2005, according to the media site. He was a student at San Jose State University at the time. Even though he graduated from college in 2012, he had been on the road competing in eating competitions for most of his time.

When he defeated world-renowned asparagus eater Rich LeFevre in a competition, he became a new man. Joey devoured six and a half pounds of deep-fried asparagus in only 11.5 minutes at the event. His fame was cemented as a result of the contest.

The contest winner receives $10,000. Joey and Michelle Lesco were the winners from the previous year. Other rank holders are also given a small sum of money to thank them for their hard work. The second-place winner receives a $5,000 award. There’s a $2,500 prize for third, $1,500 for fourth and $1,000 for fifth.

Hie Endorsements and Business Ventures

Joey Chestnut has received endorsements from a wide range of businesses, the majority of which are, unsurprisingly, food-related businesses. Chestnut has posted endorsements of Hooters, Hostess, Coney Island IPA, and even Pepto Bismol on his many social media platforms.

In 2018, Chestnut established his first business, which focuses on producing a variety of sauces. The pricing for the items sold at Joey Chestnut Eats ranges from $7.50 to $8 for mustards such as Chestnut’s Firecracker Mustard, Boardwalk Coney Sauce, and Deli-Style Mustard.

Joey Chestnut’s Net Worth

It is said that competitive eaters can earn anywhere from $250,000 to $500,000. Joey’s estimated net worth is $2.5 million, according to Celebrity Net Worth. He is compensated with a yearly salary of $500,000.

In spite of this, Chestnut’s earnings as a professional eater in eating events over the course of 17 years appear to be much more modest. The most well-known eating competition in the United States awards rewards ranging from $1,000 to $10,000.

It is also possible for competitors to gain money from brand sponsorships of restaurants and other food businesses.

Hooters, Hostess, Coney Island IPA, and Pepto-Bismol have all been named as sponsors of Joey Chestnut by the Huddle Up portal. Chestnut has also dabbled in the world of retail. The pro-eater has a variety of sauces, dips, and mustards for sale on his website.

The price of a six-pack of these condiments ranges from $7.50 to $44. He also has a YouTube channel with more than 254,000 members, which is intended to bring in a monthly salary.

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Was He Able to Set Eating Record in 2022?

Chestnut was not successful in setting a new world record at the event that took place in 2022; nonetheless, he was still able to put up an impressive exhibition.

He was able to eat 63 hot dogs and buns while on his way to winning the 15th title of his career. The victory, on the other hand, did not come without a struggle.

Approximately five minutes into the ten-minute competition, demonstrators were able to get the champion’s attention, as reported by Fox News. It was alleged that Chestnut grabbed a man by the neck, helped drag him to the ground, and then returned to his post.

How He Earns Money From Competition?

The New York Post stated in 2019 that the United States has approximately 3,500 competitive eating events each year. If you’re looking to make a significant amount of money, you’ll need to compete and win consistently over the course of an entire year.

Between the start of his career and 2019, he competed and won enough to earn $600,000. His 13 Nathan titles alone have brought him $130,000 in prize money. ‘

No one since Kobayashi has come close to matching Chestnut’s prowess or celebrity in competitive eating. As a result, Chestnut is able to earn more money than his coworkers.