The staggering amount of money Michael Buffer is said to earn per fight

Legendary boxing announcer Michael Buffer can often be seen with a very noticeable grin on his face as he stands inside the ring – and for good reason.

Buffer's signature catchphrase "Let's get ready to rumble" has earned him worldwide fame. In fact, after coining the iconic line in 1984, he later acquired a federal trademark for it.

In fact, his net worth is a reported $400 million after revenue from licensing deals.

“For quite a while I was a model and then aged 38 I started as a ring announcer - but at the beginning if you said I was horrible at that as well, it would have been a compliment.

“I was pretty dreadful on my first night as an announcer as back in those days the scorecards were written in a very strange way so that didn’t help and some of the fighter’s names were unpronounceable."

They also claim that the veteran has been paid $1 million on a handful of 'extremely' rare occasions.

The American announcer was diagnosed with throat cancer in 2008 but surgery was successful and he continued to work his magic in the ring.

"I'm eight years recovered now. I was actually ready to retire at that point but I was very lucky to have surgery and the right doctors. I didn't have to have chemotherapy or radiation and 30 days after surgery I was back to work."