Michael Buffer is known for his famous "Let's get ready to rumble!" catchphrase, which he began using as a ring announcer in 1984. Buffer earns between $25,000 and $100,000 every time he utters those five famous words. On a handful of occasions, Buffer has even been paid over $1 million. He obtained a federal trademark for his catchphrase in 1992, and has consequently earned in excess of $400 million in royalties using that trademark. Buffer has used his famous catchphrase to introduce high-profile boxing and wrestling matches, as well as stock car races, World Series games, and the Stanley Cup finals.