![]() But with the hopes of further leveraging his celebrity, Chestnut signed with Everest Talent Management a year ago. He declined to provide specific figures for his paid appearances. And ate 17½ pounds of cherry pie last year during an appearance at a Goldman Sachs' small business summit in Washington, D.C. He also devoured a half-dozen Coney Island hot dogs in 60 seconds during a paid appearance at a Detroit Pistons game. This year, that included a burrito-eating contest in Milwaukee, where he scarfed 14½ burritos in 10 minutes and pocketed the first-place payout of $5,000. “I was able to show them that I guess I actually am stable." 17 pounds of cherry pie with Goldman SachsĬhestnut, who lives in the Indianapolis area with his fiancée, said he travels about 150 days a year for contests and appearances. “They’re like, ‘Oh, how long have you been doing it, though?’ " Chestnut said. Proof it was financially viable came in 2014, when at the age of 30, Chestnut, then living in San Jose, California, bought his first house – for $618,000, according to property records.ĭuring the process of obtaining a loan, Chestnut said there was an awkward moment of explaining he generated his income as a competitive eater – and was making more than $200,000 a year. With the blessing of his mother, he became a full-time competitive eater. But as a matter of practice, he said, the company doesn't disclose payment terms with any promotional partners.Īfter collecting on the four promotional contests, Chestnut said he made a decision. In a 2010 press release, Pepto-Bismol announced the promotion: The company would host four eating contests over five weeks during which teams of challengers would compete against Chestnut at food festivals in Portland, Oregon, Austin, Texas, San Francisco and Orchard Park, New York.ĭamon Jones, chief communications officer at Procter & Gamble - the parent company of Pepto-Bismol - on Saturday said he didn't have immediate access to the financial information. “So I ran it by my boss and he was like, ‘Oh, why don’t you just take the month off?’ " said Chestnut, who did just that. The company wanted him to promote and participate in four competitive eating contests and would pay him $10,000 for each event, according to Chestnut, who said the problem was he'd have to miss several days of work. Yet he still was working full-time for the construction management company and competing in food contests on weekends. So I had to convince my mom that I still had a plan for all that stuff." A major Pepto-Bismol momentīy 2010, Chestnut had won the Nathan’s Hot Dog Eating Contest three times. You’ve got health care and retirement, all that stuff. Last week, days before the hot dog eating contest he has dominated since 2007, Chestnut reflected on his decision in 2010 to leave his job with a construction management company in Northern California and become a full-time competitive eater. No other competitor has eaten more than 64½.Īlmost all other competitive eaters do it part-time because they can't earn enough from it to make a living - much less the millions of dollars Chestnut said he has amassed. Most of his income is generated by contest earnings, paid appearances and endorsement deals, according to Chestnut, who has eaten as many as 76 hot dogs and buns during Nathan’s 10-minute contest. “You have to see yourself as a business when you’re working for yourself," said Chestnut, 39, who last year formed Joey Chestnut LLC and is represented by Everest Talent Management. Last year, Chestnut told USA TODAY Sports he earned more than $500,000 and his net worth exceeds $4 million. ![]() ![]() Joey Chestnut, expected to win the annual Nathan’s Hot Dog Eating Contest on the Fourth of July for the 16th time, has cashed in on his prowess as a competitive eater. ![]()
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