Patrick Mahomes is a name that is known to many football fans around the world. As a star quarterback for the Kansas City Chiefs, he has led his team to numerous victories and accolades. However, what many people may not know is that Mahomes’ success on the field has also translated into an impressive net worth.
According to recent reports, Patrick Mahomes’ net worth is estimated to be around $70 million, with a salary of $40 million. This is largely due to his impressive performance on the field, as well as his numerous endorsements and sponsorships. In fact, Mahomes is currently one of the highest-paid players in the NFL, and his net worth is only expected to grow in the coming years.
Despite his success, Mahomes remains humble and focused on his career. He is known for his hard work and dedication, both on and off the field, and is considered by many to be one of the most talented quarterbacks in the league. As his net worth continues to climb, it is clear that Mahomes’ star will only continue to rise in the world of football and beyond.
Early Life
Patrick Mahomes was born on September 17, 1995, in Tyler, Texas. His father, Pat Mahomes, was a former Major League Baseball pitcher. Growing up, Mahomes was exposed to sports from a young age and developed a passion for football.
Mahomes attended Whitehouse High School, where he played football, baseball, and basketball. He was a standout athlete in all three sports and was highly recruited by colleges across the country.
In 2014, Mahomes enrolled at Texas Tech University, where he played football for the Red Raiders. He quickly established himself as one of the top quarterbacks in the country, setting several school records and earning numerous accolades.
Throughout his college career, Mahomes continued to refine his skills and develop his unique playing style. His ability to make quick decisions, throw accurately on the run, and improvise in pressure situations set him apart from other quarterbacks.
In 2017, Mahomes announced that he would forego his senior year of college and enter the NFL draft. He was selected by the Kansas City Chiefs with the 10th overall pick, marking the beginning of his professional career.
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Career Achievements
Patrick Mahomes has had an impressive career in the NFL since he was drafted by the Kansas City Chiefs in 2017. Here are some of his notable career achievements:
- Super Bowl LIV MVP: In 2020, Mahomes led the Chiefs to victory in Super Bowl LIV and was named the game’s Most Valuable Player.
- NFL MVP: In his second season in the league, Mahomes was named the NFL’s Most Valuable Player after throwing for 5,097 yards and 50 touchdowns.
- First-Team All-Pro: Mahomes has been named a First-Team All-Pro twice in his career, in 2018 and 2020.
- Pro Bowl Selection: Mahomes has been selected to the Pro Bowl every year since 2018.
- NFL Offensive Player of the Year: Mahomes won the NFL Offensive Player of the Year award in 2018 after his breakout season.
- Fastest player to reach 10,000 career passing yards: Mahomes reached the 10,000 career passing yards milestone in just 34 games, faster than any other player in NFL history.
- Numerous NFL records: Mahomes has set numerous NFL records throughout his career, including most touchdown passes in a player’s first three seasons (114) and most consecutive games with at least 300 passing yards (8).
Mahomes’ impressive career achievements have helped him become one of the highest-paid players in the NFL and have contributed to his estimated net worth of $40 million.
Net Worth
Patrick Mahomes has a net worth of approximately $70 million, according to Celebrity Net Worth. His salary alone is estimated to be around $40 million, making him one of the highest-paid players in the NFL.
Mahomes’ massive net worth is largely due to his record-breaking contract with the Kansas City Chiefs. In 2020, he signed a 10-year, $503 million contract extension with the team, which is the largest contract in sports history. The deal includes $477 million in guaranteed mechanisms, and a $140 million injury guarantee.
In addition to his salary, Mahomes also earns a significant amount of money through endorsements. He has deals with brands such as Adidas, Oakley, and State Farm, among others. In 2020, he signed a 10-year extension with Adidas, which is reportedly worth up to $100 million.
Mahomes has also made several smart investments throughout his career. He is a part-owner of the Kansas City Royals and has invested in various tech startups. In 2020, he became a part-owner of the Kansas City-based sports media company, The Players’ Tribune.
Overall, Patrick Mahomes’ net worth is a testament to his success both on and off the field. With a massive contract, lucrative endorsement deals, and smart investments, he has secured his financial future for years to come.
Sources of Income
Patrick Mahomes is one of the highest-paid athletes in the world and his net worth is estimated to be around $40 million as of 2023. His income comes from various sources, including his NFL salary and endorsement deals.
NFL Salary
Mahomes signed a 10-year contract with the Kansas City Chiefs in 2020, worth $503 million, making it the largest contract in NFL history. The contract includes a $10 million signing bonus and $141.4 million in guaranteed money. Mahomes’ average annual salary is $45 million, which includes a base salary of $990,000 and a roster bonus of $21.7 million.
Endorsement Deals
Mahomes has several endorsement deals with various brands, including Adidas, Oakley, State Farm, and Head & Shoulders. His endorsement earnings are estimated to be around $20 million per year. Mahomes has also invested in sports technology and restaurants, which have contributed to his net worth.
In addition to his endorsement deals, Mahomes has also appeared in several commercials and advertisements, including a Super Bowl commercial for Head & Shoulders. He has also been featured on the cover of several magazines, including Sports Illustrated and GQ.
Overall, Mahomes’ income comes from his NFL salary and endorsement deals, as well as his investments in various businesses. His net worth is expected to continue to grow in the coming years as he continues to excel in his career and expand his business ventures.
Real Estate Investments
Patrick Mahomes is not only a talented quarterback but also a savvy real estate investor. According to the latest reports, he has invested more than $8 million in various properties.
His real estate portfolio includes four different properties, two of which are homes in Missouri, one is a vacant plot in the state, and the fourth is a luxury apartment in Kansas City. The combined value of these properties is estimated to be around $8 million.
Mahomes is known for his love of real estate, and he has been actively investing in properties since he signed his first contract with the Kansas City Chiefs. In addition to his personal investments, he has also partnered with his fiancée Brittany Matthews to invest in various real estate projects.
One of Mahomes’ most notable real estate investments is his luxury apartment in Kansas City, which he purchased for $1.925 million in 2019. The apartment is located in the trendy Country Club Plaza area and boasts three bedrooms, three bathrooms, and a private balcony with stunning views of the city.
Apart from his residential properties, Mahomes has also invested in commercial real estate. He is a co-owner of a new sports performance facility called “APEC” in Overland Park, Kansas. The facility offers training programs for athletes of all ages and has become a popular destination for professional athletes in the Kansas City area.
Overall, Mahomes’ real estate investments have been a smart move for the young quarterback. His properties have seen significant appreciation in value, and his investments in commercial real estate have allowed him to diversify his portfolio and generate additional income.
Charitable Works
Patrick Mahomes is not only a successful athlete but also a philanthropist who has made significant contributions to various charitable organizations. In 2019, he formed the 15 and the Mahomies Foundation, which aims to improve the lives of children through various programs and initiatives. The foundation focuses on education, health, and wellness, and it has already made a significant impact in the Kansas City community.
One of the foundation’s programs is called “15 for 15,” which provides scholarships to high school students who have overcome significant adversity in their lives. The program awards $15,000 to each recipient, and it has already helped many students achieve their dreams of attending college.
In addition to his foundation, Mahomes has also been involved in various other charitable activities. He has participated in the NFL’s “My Cause, My Cleats” campaign, which allows players to wear custom-designed cleats that represent a cause they support. Mahomes has used this opportunity to raise awareness for his foundation and the work it does.
Mahomes has also been involved in the “Huddle for 100” campaign, which encourages NFL players, staff, and fans to volunteer 100 minutes of their time to charitable causes. Mahomes has volunteered at local schools and hospitals, and he has also participated in various charity events.
Overall, Patrick Mahomes is not only a talented athlete but also a dedicated philanthropist who is committed to making a positive impact in his community. Through his foundation and various charitable activities, he has already made a significant difference in the lives of many people, and he will undoubtedly continue to do so in the future.
Future Financial Prospects
Patrick Mahomes’ net worth is expected to continue to grow in the future. The young quarterback has already signed a massive contract extension with the Kansas City Chiefs, which is worth up to $503 million over ten years. This makes Mahomes one of the highest-paid players in the NFL and sets him up for a very comfortable financial future.
In addition to his NFL salary, Mahomes has also secured a number of lucrative endorsement deals. He has partnerships with companies such as Adidas, Oakley, and State Farm, and has appeared in national advertising campaigns for these brands. These deals are likely to continue to bring in significant income for Mahomes in the years to come.
Mahomes’ financial prospects are also boosted by the fact that he is still very young. At just 26 years old, he has many years of playing ahead of him, and could potentially sign additional contract extensions in the future. If he continues to perform at a high level, he could become one of the highest-paid players in NFL history.
Of course, there are always risks involved in professional sports. Mahomes has already suffered a number of injuries during his career, including a concussion in the 2020 playoffs. If he were to suffer a serious injury that prevented him from playing, his future earnings potential could be impacted. However, Mahomes has shown himself to be a resilient player, and has bounced back from injuries in the past.
Overall, it seems likely that Patrick Mahomes will continue to be one of the most financially successful players in the NFL for many years to come. With a combination of a massive contract, lucrative endorsement deals, and youth on his side, he is well-positioned to continue building his net worth in the future.