Patrick Mahomes Net Worth, Salary, & Contract
The Kansas City Chiefs quarterback has wowed fans with his arm strength, accuracy, and ability to make plays under pressure. But Mahomes is more than just a football star; he’s also a savvy entrepreneur.
Patrick Mahomes Net Worth is estimated around $90 million.
- Career Earnings: $136,254,472
- Contract: $450,000,000/ 10-yrs, $10,000,000 signing bonus, $141,481,905 guaranteed
- Teams: Kansas City Chiefs (2017-Present)
- Endorsements: $25 Million
- Agent: Chris Cabott
- Sponsors: Adidas, Airshare, CommunityAmerica Credit Union, DraftKings, Epic Games, Hugo Boss, Hy-Vee, Hyperice, Molson Coors, Nestlé, Oakley, Procter & Gamble, State Farm Mutual Auto Insurance, Subway, T-Mobile, Walmart, Walt Disney, Whoop
About Patrick Mahomes
Patrick Mahomes has rapidly ascended to the pinnacle of professional football as the star quarterback for the Kansas City Chiefs. His exceptional arm talent, improvisation skills, and leadership have transformed the Chiefs into a perennial championship contender. Mahomes’ impact extends beyond his on-field heroics; he’s become a cultural icon and a role model for aspiring athletes.
Off the field, Mahomes has demonstrated a keen business sense. He’s diversified his interests across various sectors, including sports team ownership with stakes in the Kansas City Royals (MLB) and Kansas City Current (NWSL). His involvement in esports through co-ownership of the Kansas City Pioneers showcases his understanding of emerging markets. These ventures, coupled with his community involvement, highlight Mahomes’ commitment to Kansas City and his vision for long-term success beyond football.
Patrick Mahomes Net Worth
Patrick Mahomes’ estimated net worth of $90 million is a testament to his financial acumen and marketability. The cornerstone of his wealth is his groundbreaking 10-year, $450 million contract with the Kansas City Chiefs, which includes a $10 million signing bonus and over $141 million in guaranteed money. This deal, coupled with his career earnings of $136,254,472 to date, forms the foundation of his financial portfolio.
READ MORE: KANSAS CITY CHIEFS FRANCHISE VALUE
What Business Does Patrick Mahomes’ Own?
Mahomes first ventured into the world of real estate before branching into high level endorsements and sports ownership. In 2020, he purchased a stake in a luxury apartment complex in his hometown of Kansas City. The investment not only serves as a smart financial move but also reflects Mahomes’ commitment to his community and desire to contribute to its growth and development.
One of Mahomes’ more modern investments is his foray into the realm of cryptocurrency. In 2021, Mahomes announced that he had invested in Bitcoin, joining a growing list of athletes and celebrities who have embraced digital currency. Mahomes’ decision to invest in Bitcoin highlights his forward-thinking approach to finance and his willingness to explore new and innovative opportunities.
Patrick Mahomes business ventures extend beyond traditional industries, with the quarterback also dipping his toes into the world of esports. In 2022, Mahomes became a co-owner of the Kansas City Pioneers, an esports organization competing in various gaming titles.
Sports Ownership
Mahomes is also actively involved in sports team ownership. Alongside fellow Chiefs player Travis Kelce and champion golfer Rory McIlroy, he joined a group of investors backing the Formula 1 team Alpine. Moreover, Mahomes is invested in the MLB team Kansas City Royals and the women’s soccer team Kansas City Current.
Recently, Patrick also joined an ownership group for a professional pickleball team set to form in Miami, Florida.
Patrick Mahomes Endorsements
In addition to his individual ventures, Mahomes has sought out partnerships with established brands to further expand his business empire. From endorsements with companies like Adidas and State Farm to collaborations with startups like BioSteel Sports Nutrition, Mahomes has strategically aligned himself with brands that share his values and vision for success.
One of Mahomes’ most notable business endorsements is his partnership with Oakley. In 2019, Mahomes signed a multi-year deal with the eyewear brand, becoming the first NFL player to represent the company. The collaboration has been a win-win, with Mahomes lending his star power to Oakley’s marketing campaigns while also benefiting from the exposure and financial rewards that come with such a partnership.
List of Patrick Mahomes Endorsements
- Hunt’s Ketchup
- Head and Shoulders
- Oakley
- State Farm
- Direct Tv
- Adidas
- Madden NFL 20 & 22 ( First Chiefs Cover Athlete )
- BioSteel Sports Drinks
Mahomes would go on to launch his signature shoe the Mahomes 1 Impact FLX with Adidas and gain equity with BioSteel Drinks.
Does Patrick Mahomes Own Any Restaurants?
In 2021, Mahomes invested in a series of Whataburger restaurants that would expand the franchise into Missouri and Kansas. Restaurant group Noble 33, announced in April of 2024, a partnership with Travis Kelce and Mahomes to launch a “modern steakhouse” named 1587 Prime.
Mahomes’ Lucrative Future
As Mahomes continues to excel on the football field, his off-the-field ventures show no signs of slowing down. With a keen eye for opportunity, a commitment to excellence, and a willingness to take risks, Mahomes is not just a football player but a shrewd businessman poised for continued success in the years to come. Whether he’s endorsing products, investing in startups, or exploring new industries, one thing is clear: Patrick Mahomes is not just building a legacy on the gridiron; he’s also building an empire in the business world.
