Net Worth: $70 Million
What Is Patrick Mahomes Net Worth?
imagepressagency / Depositphotos.comPatrick Mahomes’ net worth is estimated to be $70 million. The two-time Super Bowl champion was picked as the 10th overall pick in the first round of the 2017 NFL Draft. He is credited with taking the Kansas City Chiefs to its first Super Bowl win since 1969.
With an estimated salary of $40 million per year, Mahomes is currently one of the highest-paid athletes in the world. At only 28 years old, he still has plenty of opportunities to build on his NFL success while increasing his fortune.
Let’s take a close look at how Patrick Mahomes’ net worth has been built since he entered the NFL just seven years ago.
How Much Has Patrick Mahomes Earned In NFL Salary?
Mahomes is currently in his seventh year in the NFL and to date, he’s earned $136.254 million. Mahomes earned just over $10.5 million during his rookie year thanks to his 10th overall pick position and after three years in the NFL his salary quickly surpassed that level of pay.
Mahomes’ first contract included his $10 million guaranteed signing bonus. His initial four-year deal with the Chiefs was worth a total of $16.2 million.
| YEAR | EARNINGS |
|---|---|
| 2017 | $10,551,026 |
| 2018 | $1,211,635 |
| 2019 | $1,958,270 |
| 2020 | $10,926,636 |
| 2021 | $22,806,905 |
| 2022 | $29,450,000 |
| 2023 | $59,350,000 |
| Total | $136,254,472 |
While Patrick Mahomes’ net worth is already impressive thanks to his previous NFL pay, he’s set to earn close to $500 million by the time his full contract with the Kansas City Chiefs expires.
In 2020 the QB1 signed a 10-year, $450 million deal with the Chiefs.
At just 28 years old, here’s what Mahomes will earn just from the remaining years of his NFL contract which will continue to run between 2024 through 2031.
| Year | Upcoming Salary |
|---|---|
| 2024 | $44,500,000 |
| 2025 | $50,000,000 |
| 2026 | $56,750,000 |
| 2027 | $52,900,000 |
| 2028 | $27,175,000 |
| 2029 | $34,975,000 |
| 2030 | $45,525,000 |
| 2031 | $48,375,000 |
| Total | $496,454,472 |
Patrick Mahomes Is A Brand Endorsement Juggernaut
As a young and charismatic two-time Super Bowl champ, it’s not surprising that brands are lining up to work with Patrick Mahomes. You can spot the young superstar in ad spots from Oakley, Direct TV< Star Farm, Adidas, Head & Shoulders, supermarket chain Hy-Vee, and Helzberg Diamonds.
In December 2023 it was revealed that Mahomes had signed on to be the main ambassador for Prime’s flagship product. According to Share Willow, the endorsement deal landed Mahomes a $10 million payday. The Logan Paul and KSI-founded company also announced a $100,000 donation to Mahomes’ charity 15 and the Mahomies Foundation, according to The Hollywood Reporter.
While most of his product endorsement deals have not been attached to publicly available payouts, it’s likely his superstar status is earning Mahomes millions per year from major brands. We know that in 2023 he took home at least $10 million from a single endorsement which showcases his ability to command seven-figure payments for attaching his name to a brand.
He’s A Minority Owner Of The Kanas City Royals
Yay_Images / Depositphotos.comPatrick Mahomes is the son of a former MLB player and in 2020 he became a minority owner in a major league team.
Mahomes reportedly paid $10 million for a 1% stake in the Kansas City Royals. The purchase made him the youngest owner of an MLB team at just 24 years old.
“I’m honored to become a part-owner of the Kansas City Royals. I love this city and the people of this great town,” Mahomes said in a statement. “This opportunity allows me to deepen my roots in this community, which is something I’m excited to do.”
Patrick Mahomes’ Net Worth Has Been Used In Other Investments Too
imagepressagency / Depositphotos.comIn 2021, Patrick Mahomes joined the ownership team for Sporting Kansas City. With a professional baseball team and an MLS club in his portfolio, he has shown his commitment to his community.
In 2022 it was revealed that Mahomes was investing $1 million to $3 million in a professional Pickle Ball team based out of Miami. Pickleball is one of the fastest-growing sports in the world.
Mahomes also invested in a bank! On October 27, 2022, it was revealed that Mahomes had become the second-largest stakeholder in American State Bank. The bank was founded in 1911.
Mahomes also opened his first Whataburger franchise in Kansas City in 2023. His love of the burger chain has led him to proclaim that he dreams of opening 30 locations over seven years. Franchise.com notes that the average cost per Whataburger location is $1.2 million. That could mean a total investment from Mahomes of $36 million.
Other investments include private jet provider AirShare, sports recovery company HyperIce, and fitness tracking company, Whoop, which is valued at $3 billion and also counts basketball superstar Kevin Durant among its group of investors.
With numerous investments, Patrick Mahomes’ net worth will likely increase in the years to come as some of his investments continue to mature. Be sure to check out fellow teammate Travis Kelce’s net worth which is also impressive but nowhere near what the star quarterback makes.
