Patrick Mahomes is an American professional football quarterback who currently plays for the Kansas City Chiefs in the NFL.
Mahomes is the son of former MLB pitcher, Pat Mahomes who played for 10 years in the MLB for teams such as the New York Mets, Boston Red Sox, Texas Rangers, and the Pittsburgh Pirates.
Growing up he was an athletic kid, playing baseball but later chose to focus o football in high school.
After playing college football at Texas Tech University, Mahomes got drafted by the Kansas City Chiefs in the 2017 NFL Draft.
In just his second year in the NFL, he won NFL MVP Award, and Offensive Player of the Year award and made his first Pro Bowl appearance.
The following season in 2019-2020, he led the Chiefs to win the Super Bowl LIV and was named Super Bowl MVP.
Due to his massive talent and skills n the field, Patrick Mahomes renewed his contract with the Chiefs organization in 2020 for a record $503 million, making it the largest contract for an NFL player.
Below, we will take a look at Patrick Mahomes’ net worth, as well as his salary, contract, and how he invests his money.
We will also take a look at how he spends his fortune and the ways in which he gives back to his community.
Patrick Mahomes Net worth in 2023
As of 2022, Patrick Mahomes has a net worth that is estimated to be $40 million. He is the third highest-paid NFL quarterback, earning a yearly salary of $45 million.
Patrick has made his fortune from playing professional football in the NFL as well as from lucrative endorsement deals with many brands.
Mahomes has also invested some of his money into businesses that he believes in and that have the potential to turn into big paydays in the future.
Below, let’s explore Patrick Mahomes salary, contract, and career earnings.
Patrick Mahomes Contract and Salary
It is well known that quarterbacks are the highest-paid position in the NFL. Mahomes is young, talented, and has a bright future ahead of him.
He has already won the Super Bowl trophy for his team, and will likely win more in the future. For this, he gets well paid for his services.
Upon getting drafted into the NFL, Mahomes signed his first pro contract with the Chiefs for 4 years worth $16 million. Under this contract, Mahomes was earning an average salary of $4 million per year.
In 2020, after winning the Super Bowl trophy, Patrick Mahomes extended his contract with the Chiefs. This time, he signed a massive $503 million contract that will run up to 2032.
Currently, Patrick Mahomes salary is $45 million per year. This makes him one of the highest NFL players.
Below is a table of Patrick Mahomes contract with the Kansas City Chiefs.
| Team | Contract | Duration |
| Kansas City Chiefs | $16 million | 2017 -2021 |
| Kansas City Chiefs | $503 million | 2021 -2032 |
Endorsements
Being a famous NFL quarterback with a likable personality comes with a lot of endorsement deals. Patrick Mahomes makes over $22 million a year just from endorsement deals.
Some of the brands that Mahomes promotes are; Adidas, Nestlé, Oakley, Whoop, Panini, Bose, GEHA, Directv, Hy-Vee, Airshare, BioSteel, State Farm, Electronic Arts, Procter & Gamble, and Molson Coors Brewing.
Mahomes is also a sponsored athlete by Adidas, which brings a huge paycheck every year.
Businesses Ventures
Patrick Mahomes has also been growing his sources of income by investing in many businesses in the sports industry. Some of his investments include;
Sports Teams
Patrick Mahomes owns a stake in the Kansas City Royals baseball team.
He also owns a stake in Sporting Kansas City, a soccer team in Major League Soccer. Mahomes is one of few athletes who own a piece of a sports team while still being an active athlete.
Hyperice
Patrick Mahomes is an investor and brand ambassador for sports recovery product maker, Hyperice.
He invested in the company along with other big sports stars such as Naomi Osaka, Chris Paul, Trae Young, and JJ Watt.
So far, the company’s revenues have grown to over $200 million a year after getting into partnerships with many sports leagues like the NBA, NFL, MLB, and UFC.
Whoop
Mahomes has also invested in the fitness tech company, Whoop. Other star athletes who’ve invested in the company include Kevin Durant, Eli Manning, and Rory McIlroy.
When he invested in the company in 2020, it was valued at $1.2 billion. By 2021, the company’s valuation rose to $3.6 billion in valuation.
Apart from owning a piece of the brand, he also earns a nice fee for being the brand ambassador.
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How Does Patrick Mahomes Spend His Money?
Patrick Mahomes House
Patrick Mahomes and his wife Brittany Matthews live in a private upscale community in Kansas City.
They live in a beautiful $1.9 million home that sits on a large green lot with plenty of backyard space for his dogs to play.
With his half-billion-dollar contract, he can certainly afford to buy the best properties available.
Mahomes also has a fleet of cars among which is a Ferrari 812 Superfast.
Philanthropy
Patrick Mahomes takes time to give back to his community and inspire the next generation of athletes.
He started his own charity foundation called the ‘15 and Mahomies’ foundation which helps children and raises awareness on racial issues.
He raised over $600,000 at the inaugural 15 and Mahomies foundation gala and gave the money to 15 deserving charities.
Some of the funds also went to provide 15 scholarships to children of US Navy SEALs.
Final Words
Patrick Mahomes is at the top of his career now and definitely deserves a good paycheck.
He led the Chiefs to bring the Super Bowl trophy to Kansas City after a 50-year drought.
The Kansas City Chiefs then rewarded him with $503 million dollars for ten years. This contract alone gives pushes Patrick Mahomes net worth to half a billion dollars.
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