Patrick Mahomes Net Worth | Patrick Mahomes is a feat to witness. As quarterback for the Kansas City Chiefs, he’s made waves since his start in 2017.
He has stunned us all with his performances. This has earned him big-money contracts and endorsements.
But what is he worth? Many wonder about his net worth as we move towards 2024. His rise to fame has been swift and bright.
He isn’t just an NFL Champion and MVP. He’s also one of the top-earning athletes in the world, and he’s under 30!
He’s best known for his spiral throws that leave fans cheering. But his big earnings are also a focal point.
Everyone remembers his dramatic on-field performances. But it’s his financial growth that’s fast becoming a headline.
So, how much is Mahomes worth now? Are you ready? We’re about to uncover the huge wealth this NFL star has amassed by 2023. Prepare to be surprised.
|Name||Patrick Lavon Mahomes II|
|Net Worth||$70 million|
|Height||6 feet 3 inches (1.91 meters)|
|Profession||Professional Football Player (NFL)|
|Annual Salary||$40 million|
|Income from Endorsements||$20 million|
|Date of Birth||September 17, 1995|
|Relationship Status||Engaged to Brittany Matthews|
|Teams Played For||Kansas City Chiefs|
Patrick Mahomes’s NFL Journey
Patrick Mahomes’s entry into the NFL started with a bang. Chosen by the Kansas City Chiefs as their 10th pick in the 2017 draft, he began his pro football journey.
At first, he was a backup quarterback. But not for long. His talent was simply too big to stay off the field.
Sure enough, in his second season, Mahomes exploded onto the NFL scene. His arm was like a cannon, breaking records left and right.
By the end of the 2018 season, he had clinched the NFL’s MVP award. Patrick Mahomes was no longer just another player; he was now the face of the Kansas City Chiefs.
The Biggest Contract In NFL History
One unforgettable event in 2020 was when Patrick Mahomes signed his new contract.
It was a big deal, not just for him, but for the entire NFL. Mahomes and the Kansas City Chiefs made a 10-year deal.
It was a contract that was worth up to $503 million–the largest contract in NFL history.
Not only was the total money big, but it came with $477 million in guarantees. This shows just how much the Chiefs value Mahomes.
It shook the NFL world. People took note. It showed that the Chiefs were not afraid to bet on Mahomes’s future.
They believe he will continue to shine on the field. They see him as their key player for the next 10 years.
Endorsements And Business Ventures
On top of NFL earnings, Mahomes is making business moves too. He has stacked his endorsement portfolio with big names.
These brands are well known, like Adidas for sneakers, Oakley for shades, State Farm for insurance, and DirecTV for entertainment.
Each of these endorsements does two things. Firstly, they reward Mahomes financially for endorsing the products.
Reports estimate this adds around $30 million a year to his earnings. Secondly, they increase his visibility and status.
But Mahomes also invests his money. In 2020, he bought a piece of the Kansas City Royals, a Major League Baseball team.
Now, Mahomes is not just part of the city’s football team, but their baseball team too.
It shows that Mahomes is a smart businessman, not just a star player on the NFL field.
Patrick Mahomes’s Net Worth
When considering all of Mahomes’s money sources, his current net worth is quite impressive.
A large chunk of his earnings comes from his record-breaking NFL contract. But don’t forget the additional revenue stream from his endorsements.
Lastly, remember his investment in baseball. Add these all together, and as of writing, the estimation is around $70 million net worth.
But, keep in mind that his long-term NFL contract is in place. New endorsements crop up regularly, and more potential business ventures are on the horizon.
This means his wealth is still growing. In a few years, that $70 million could look small.
Look out for Mahomes; he might just become one of the wealthiest NFL players.
Comparisons With Other NFL Stars
When you compare Mahomes’s financial status to other top NFL players, it’s clear he’s in a league of his own.
Take Tom Brady, one of the New England Patriots and now leading the Tampa Bay Buccaneers.
His net worth is around $4.2 billion. Then there’s Aaron Rodgers and Russell Wilson.
They’re estimated to be worth $200 million and $165 million. While these veterans have larger net worths, Mahomes is snapping at their heels.
Given his young age and his history-making contract, it’s only a matter of time before he surpasses their wealth.
Mahomes certainly has the skill, the following, and the financial backing to become one of the wealthiest players in the NFL.
|NFL Player||Net Worth in 2023-2024 (Estimated)|
|Patrick Mahomes||$70 million|
|Tom Brady||$300 million|
|Aaron Rodgers||$200 million|
|Russell Wilson||$165 million|
|Drew Brees||$160 million|
|Eli Manning||$150 million|
|Ben Roethlisberger||$100 million|
|Peyton Manning||$250 million|
|John Elway||$145 million|
|Brett Favre||$100 million|
Understanding Patrick Mahomes’s Wealth: FAQs On His Net Worth
What is Patrick Mahomes’s net worth ?
Patrick Mahomes’s estimated net worth is around $70 million. This figure combines his NFL income, endorsements, and earnings from his business ventures.
How much is Patrick Mahomes’s NFL contract worth?
Patrick Mahomes signed a record-breaking contract with the Kansas City Chiefs in July 2020. It is a ten-year deal worth up to $503 million, the largest in NFL history.
What is included in Patrick Mahomes’s contract with the Kansas City Chiefs?
Mahomes’s contract with the Chiefs is a 10-year deal that can gross up to $503 million. It includes $477 million in guarantee mechanisms and the ability for Mahomes to have outs if guarantee mechanisms aren’t exercised.
How much does Patrick Mahomes make in endorsements?
Patrick Mahomes earns approximately an extra $7 million each year from his endorsements from companies such as Adidas, Oakley, DirecTV, and State Farm.
What companies endorse Patrick Mahomes?
Patrick Mahomes has endorsements with major companies, including Adidas, Oakley, DirecTV, and State Farm.
What business ventures does Patrick Mahomes have?
Besides endorsements, Patrick Mahomes is a part-owner of Major League Baseball team the Kansas City Royals.
Who is the richest player in the NFL?
Mahomes’ contract makes him one of the highest-paid athletes in professional sports, but various sources may list other NFL players with greater net worths due to longer careers, endorsements, or other business ventures.
How does Patrick Mahomes’s net worth compare to other NFL quarterbacks?
Mahomes’s net worth is significant, even compared to other top-tier quarterbacks.
While Tom Brady and Aaron Rodgers might have higher net worths, Mahomes is quickly catching up thanks to his record NFL contract and endorsement deals.
How old was Patrick Mahomes when he signed his record contract with the Chiefs?
Mahomes was 24 years old when he signed his record-breaking contract with the Chiefs in July 2020.
Does Mahomes own any other businesses?
Mahomes is also involved in the ownership of the Kansas City Royals, a Major League Baseball team. His business ventures extend beyond the football field.
Does Patrick Mahomes’s contract include any bonuses?
Patrick Mahomes’s contract with the Chiefs includes the potential for additional bonuses linked to aspects such as performance and injury guarantees.
How much could Patrick Mahomes’s net worth grow in the future?
Given his long-term NFL contract, his expanding portfolio of endorsement deals, and other potential business ventures, Patrick Mahomes’s net worth is projected to grow substantially in the future.
There’s no question about it, Patrick Mahomes has become an NFL superstar. Not just because of his actions on the field, but also due to his financial success.
He’s grown into a formidable figure in the world of sports finance. With a net worth of $70 million, it’s clear that he’s just as successful off the field as on.
What makes this impressive is Mahomes’ age. Though still relatively young, his accomplishments in the realm of finance are significant.
His earnings don’t just come from his game play. They are a mix of endorsement deals, investments, and smart money moves. Every decision propels his net worth higher.
But what’s next for Mahomes? His career trajectory suggests even more success in the future.
If the trend holds, there’ll be no plateau. His financial gains are set to expand even further, making him an even bigger name in the sporting wealth arena.
In short, watching Patrick Mahomes is witnessing a game-changer in action. As he succeeds, the NFL succeeds, and the sports industry as a whole grows stronger.
His impact is not just about money, but about inspiration for upcoming athletes who look up to him. Indeed, in the realm of sport and finance, Patrick Mahomes rules the game.