Ken Cheng amassed more than a third of the public vote to win the prestigious competition with a gag about the new Sterling pound coin.
He won with the throwaway line:
"I'm not a fan of the new pound coin, but then again, I hate all change."
…and here's the man himself Mr Ken Cheng (@supermarkliu) with his winning joke. #JokeOfTheFringe pic.twitter.com/f16UaJbEaZ
— Dave (@davechannel) 22 August 2017
Cheng told BBC Radio 4's Today program he was surprised the joke won the award because it had been a "groaner."
"Audiences tends to groan at it a lot," he said.
"I'm generally going after laughs, but I'll take the groan."
The comedian revealed he came up with the joke when the government announced plans for the new 12-sided one pound coin in 2014.
Asked to pick what joke he thought was the funniest besides his own, he said, Scottish comedian and writer, Frankie Boyle's. Cheng studied maths at Cambridge for a year before dropping out to play online poker professionally. His big break in showbiz came when he reached the final of the 2015 BBC Radio New Comedy Award.
On winning the prize, Cheng said: "I am very proud to have won.
"As a tribute, I will name my firstborn son after this award and call him 'Joke of the Fringe.' "
The award, which was voted on by 2,000 people, lists jokes anonymously to avoid any bias towards well-known comedians.
Steve North, general manager of commercial satellite television channel Dave, that sponsors the award, said: "From Trump and veganism to the new pound coin, this year's news agenda has certainly also provided some great inspiration for comedians to get grips with.
"It's fantastic to see that, even after ten years of the Joke of the Fringe award, there is no shortage of brilliant one-liners delivered at the Festival to get us all laughing."
Masai Graham won last year's award with the gag: "My dad suggested I register for a donor card. He's a man after my own heart."
The Top 15 Funniest Jokes From the Fringe
- "I'm not a fan of the new pound coin, but then again, I hate all change" — Ken Cheng
- "Trump's nothing like Hitler. There's no way he could write a book." — Frankie Boyle
- "I've given up asking rhetorical questions. What's the point?" — Alexei Sayle
- "I'm looking for the girl next door type. I'm just gonna keep moving house till I find her." — Lew Fitz
- "I like to imagine the guy who invented the umbrella was going to call it the 'brella'. But he hesitated." — Andy Field
- "Combine Harvesters. And you'll have a really big restaurant." — Mark Simmons
- "I'm rubbish with names. It's not my fault, it's a condition. There's a name for it…" — Jimeoin
- "I have two boys, 5 and 6. We're no good at naming things in our house." — Ed Byrne
- "I wasn't particularly close to my dad before he died… which was lucky, because he trod on a land mine." — Olaf Falafel
- "Whenever someone says, 'I don't believe in coincidences.' I say, 'Oh my God, me neither!' " — Alasdair Beckett-King
- "A friend tricked me into going to Wimbledon by telling me it was a men's singles event." — Angela Barnes
- "As a vegan, I think people who sell meat are disgusting; but apparently people who sell fruit and veg are grocer." — Adele Cliff
- "For me dying is a lot like going camping. I don't want to do it." — Phil Wang
- "I wonder how many chameleons snuck onto the Ark." — Adam Hess
- "I went to a Pretenders gig. It was a tribute act." — Tim Vine
