Joey Chestnuts Net Worth May Change After Being Banned From Nathan's Hot Dog Eating Contest

Highlights

• Joey Chestnut's net worth dipped from $4m to $3m after being banned from Nathan's Hot Dog Eating Contest.
• Chestnut's primary profits are through sponsors and no longer simply contest winnings, which will likely be affected by the ban.
• Chestnut can redeem himself in a Netflix are living match with Takeru Kobayashi and probably raise his net worth.

A Fourth of July custom for plenty of is the Nathan's Hot Dog Eating Contest. While it has been in the same location on Coney Island since 1972, it was once not until the 1990s that the contest in point of fact began commencing when contestants started shattering data. One of those contestants was once Joey Chestnut. But, with Joey being banned from the 2024 hot dog-eating contest, not best is his title up for grabs, however his net worth will likely change as smartly.

While Joey takes house a cash prize from the eating contest every year, the majority of Joey's fortune is from sponsors. While the income don't seem to be in the community of billions of dollars like it is for some athletes with lifetime endorsements or even in the community of Tiger Woods' massive endorsements, Joey earned a net worth that has reached impressive levels. With his absence at July's eating contest, Joey is shedding out on having those sponsors represented, and the cash that is going with it.

We will discover how Joey Chestnut's net worth may change after being banned from Nathan's Hot Dog Eating Contest. Then, when Joey will have the ability to take part in the eating contest shall be discussed, followed by way of how Joey can redeem himself on a Netflix live tournament in September 2024.

Joey Chestnut's Net Worth May Change After Being Banned From Nathan's Hot Dog Eating Contest

Joey Chestnut's net worth dipped from $4 million to $Three million after the announcement of being banned from Nathan's Hot Dog Eating Contest

Joey has been the winner of the Nathan's Hot Dog Eating Contest since 2007, with the exception of for 2015. With those wins, Joey has managed to attract extra spectators for the hot dog company's event than another competitor both in individual and on television every Independence Day.

In June 2024, it was once announced via Major League Eating, the company behind the contest, that Joey used to be ineligible to compete within the hot dog eating contest. This befell because Joey signed a sponsorship care for Impossible Foods. Because Impossible Foods also makes hot canines, the company is observed as a rival and as a result, MLE declared that Joey was not welcome.

"It would be like Michael Jordan saying to Nike, 'I'm going to represent Adidas, too."

Since the scoop was introduced in June 2024, Joey's self-reported net worth of $4 million has reduced to $3 million, in keeping with Celebrity Net Worth. Joey was the most likely winner of the contest this year. If this used to be the case, he would have received the money prize of $10,000. This would no longer be enough to lower Joey's net worth by means of a million. However, Joey used to be scheduled to obtain a price for even showing at the Nathan's Hot Dog Eating Contest. While this too used to be now not like one thing within the six-figure vary, the money from missed alternatives begins so as to add up.

Additionally, other sponsorship opportunities that weren't hot canines however associated merchandise might be misplaced out on as neatly. Some of the sponsorships that Joey makes thousands per year with come with:

• Pepto Bismol
• Coney Island IPA
• Hostess
• Hooters

With Joey not appearing on the contest, he might not be paid through these companies, which equates to further monetary loss.

Olivia Dunne's Endorsement And NIL Deals Have Blown Up Her Net Worth

While many faculty athletes earn a living from NIL deals, LSU gymnast Olivia Dunne has an excellent net worth and earns much more than her peers.

Likely, the place the change of source of revenue comes from signing a freelance with Impossible Foods. According to Celebrity Net Worth, the contract is for $1.2 million paid over four years. When damaged down, that is not up to the self-reported $500,000 that Joey made in keeping with 12 months. That lack of income along with now not being in a position to participate in the Nathan's Hot Dog Eating Competition until the contract expires may be where the estimated $1 million loss came from.

When Joey Chestnut Is Allowed To Participate In Nathan's Hot Dog Eating Contest Again

Joey Chestnut is banned from the Nathan's Hot Dog Eating Contest for four years, dropping minimally, $10,000 in line with 12 months

Joey isn't allowed to go back to take part in the Nathan's Hot Dog Eating Contest till his contract with Impossible Foods ends. As such, that is minimally a four-year damage from some of the famous food-eating competitions in the USA.

According to Joey, he by no means signed an exclusivity settlement with Nathan's or Major League Eating. Instead, in step with ESPN, Joey is claiming that the firms are "looking to change the rules from past years as it related to other partners [he] can work with."

MLE has categorically denied that any regulations had been modified in terms of Joey. Instead, MLE states that they and Nathan's have gone to "great lengths in recent months to accommodate Joey and his management team, agreeing to the appearance fee and allowing Joey to compete in a rival unbranded hot dog eating contest on Labor Day."

Additionally, MLE claims that they and Nathan's are operating "under the same basic hot dog exclusivity provisions" which were in position for nearly two decades. It is as an alternative Joey and his control group that has "prioritized a new partnership with a different hot dog brand over our long-time relationship."

With Joey missing this year and potentially the following a number of hot dog-eating contests, there will likely be a void that may need to be filled. That is since the information that Joey has hit yearly from 2007-2014 and 2016-2023 are unprecedented.

These Endorsement Deals Still Make Up A Huge Portion Of Michael Jordan's Net Worth

How a lot of Michael Jordan's net worth is credited to his endorsement deals?

As much as MLE and Nathan's wish to have Joey back on the degree to reclaim his identify in 4 years, it continues to be noticed if Joey will likely be after this type of long absence.

Joey Chestnut Will Have An Opportunity To Redeem Himself On Netflix's Live Stream

Joey Chestnut and Takeru Kobayaski will face off in a hot dog eating contest for an undisclosed salary

While enthusiasts will likely be lacking out on seeing if Joey can smash his hot dog-eating file from 2023, it does now not imply that Joey is disappearing from the aggressive eating scene. Instead, he and previous Nathan's Hot Dog Eating Contest rival, Takeru Kobayashi will face off on a Netflix livestream to peer who can eat essentially the most hot canines.

With Joey no longer taking part in the Fourth of July event this 12 months and the fact that Takeru has already began the trash talk, Netflix may just now not have picked a greater yr than to have this event occur.

Streaming live on September 2, this would be the first time that Joey and Takeru will probably be going through off since Joey beat Takeru in 2009 all through the infamous "eat-off" that occurred when the 2 tied the choice of hot canine eaten at the 10-minute mark.

Titled Chestnut vs. Kobayashi: Unfinished Beef, it has no longer been disclosed what both Joey or Takeru are being paid for this tournament. But with Joey's absence this 12 months and an hobby from enthusiasts wanting to peer how Takeru will fare after years away from the Nathan's contest, Netflix will without a doubt make their money back and then some. The streaming platform may now not have scripted a greater plot twist to draw viewers to the event.

Inside Brittany Mahomes Website-Crashing Endorsement Deal With Skims

Brittany Mahomes' partnership with SKIMS is including to a lot of backlash she faces on-line and in the NFL group.

Given the profession alternatives that Joey has gained lately, it is most probably that his dip in net worth is just a bump within the road. If he continues to keep himself relevant with merchandise consumers are all in favour of and assists in keeping his face in the information,

Joey's net worth has the potential to climb higher than it was once sooner than being banned from Nathan's Hot Dog Eating Contest.

ncG1vNJzZmivp6x7tbTErZ%2Bippeoe6S7zGihqJ2pYrCpsdKtpa6sXaOytXnWqKmtoF2jrrW0wKeqZqCfqXqlu8ZmnJqsmaO0bq%2FOp6ueq6Rir6K6jg%3D%3D