What is the Net Worth of Patrick Mahomes?
Patrick Mahomes II is an American football quarterback who is considered one of the top players in the NFL. At just 27 years old, he already has an impressive resume – winning MVP in 2018, Super Bowl LIV MVP in 2020, and appearing in four Pro Bowls. With his success on the field, Mahomes has amassed a sizable net worth at a young age. Here is an in-depth look at how Mahomes has built his wealth and what his current net worth is.
What is Patrick Mahomes’ Salary?
One of the biggest contributors to Mahomes’ wealth is his NFL salary. Here is a breakdown of his earnings from his salary:
- 2017 – 2020: $16.4 million over 4 years on his rookie contract as the 10th overall pick.
- 2020: 10-year contract extension with the Kansas City Chiefs worth up to $503 million. $140 million of this was guaranteed at signing.
- 2021: $27.4 million salary
- 2022: $29.4 million salary
- 2023: $31.4 million salary
Over the first 7 years of his career, Mahomes will have earned around $235 million in salary alone from the Chiefs. And he is locked in as their quarterback until 2032, likely earning over $500 million in his career once all is said and done.
Highest Paid NFL Contracts
| Player | Team | Total Contract Value | Guaranteed Money |
|---|---|---|---|
| Patrick Mahomes | Kansas City Chiefs | $503 million | $140 million |
| Josh Allen | Buffalo Bills | $258 million | $150 million |
| Dak Prescott | Dallas Cowboys | $160 million | $95 million |
| Deshaun Watson | Cleveland Browns | $230 million | $230 million |
| Russell Wilson | Denver Broncos | $245 million | $165 million |
What are Patrick Mahomes’ Endorsements?
In addition to his big NFL paychecks, Mahomes also earns millions from endorsements and partnerships. Some of his biggest and most lucrative deals include:
- Adidas – He signed a multi-year shoe deal with Adidas in 2019. Industry experts estimate this deal is worth around $10 million per year.
- Oakley – Sunglasses deal worth around $3 million per year.
- BioSteel – Signed deal to be an ambassador for sports drink company in 2020. Deal worth $5 million.
- State Farm – Appears in commercials alongside Packers QB Aaron Rodgers.
- EA Sports – Cover athlete for Madden NFL 22 video game.
- Head & Shoulders – Multi-year partnership as brand ambassador.
- Hyperice – Athlete ambassador and equity partner.
- Helzberg Diamonds – Jewelry ambassador ahead of Super Bowl LIV.
Mahomes’ charisma and electrifying play on the field make him an extremely marketable athlete. His array of endorsements and partnerships likely earn him an additional $10 – $20 million per year.
Patrick Mahomes’ Notable Endorsement Partners
| Company | Industry | Est. Annual Earnings |
|---|---|---|
| Adidas | Shoes & Apparel | $10 million |
| Oakley | Sunglasses | $3 million |
| BioSteel | Sports Drink | $5 million |
| State Farm | Insurance | undisclosed |
| EA Sports | Video Games | undisclosed |
| Head & Shoulders | Shampoo | undisclosed |
| Hyperice | Recovery Tech | undisclosed |
| Helzberg Diamonds | Jewelry | undisclosed |
What is Patrick Mahomes’ Net Worth?
Combining his NFL salary and endorsements, here is how Patrick Mahomes’ net worth stacks up:
- Total NFL Salary Earnings (through 2022 season): $235 million
- Estimated Endorsements & Partnerships (annual): $15 million
- Estimated Total Net Worth: $100 – $120 million
At just 27 years old, Mahomes is already one of the wealthiest and highest-paid athletes in the world. And his net worth is poised to grow substantially in the coming years as he continues piling up lucrative contracts and endorsements.
With a decade left on his Chiefs contract, numerous sponsorship deals, and massive earning potential as the face of the NFL, Mahomes could amass a net worth north of $500 million at the end of his playing career. His wealth will likely grow through investments and business ventures long after he retires as well. In terms of athletes under 30, only NBA star LeBron James is believed to have a higher net worth than Mahomes at the moment.
How Does Mahomes Spend His Money?
With all of those millions piling up in his bank account, Mahomes certainly splurges on some lavish purchases with his fortune. Some of his biggest expenditures include:
- Kansas City Home – Mahomes and his wife Brittany paid $1.925 million cash for a 7-bedroom, 7.5-bathroom mansion.
- Cars – He has been spotted driving luxury cars like a Ferrari 812 Superfast, Mercedes G-Wagon, and Lamborghini Urus.
- Jewelry – Mahomes gave Brittany a $150,000 engagement ring. He also has an expensive jewelry collection including Rolex and Audemars Piguet watches.
- Investments – He has equity in various startups like Hyperice and has invested in pro sports franchises like the Kansas City Royals.
But the star quarterback also makes philanthropic gestures and wisely invests chunks of his fortune. He established the 15 and the Mahomies Foundation to support underserved youth and has partnered with organizations like Convoy of Hope. He lives comfortably but does not splurge wildly or lead an overly lavish lifestyle.
Contract Comparisons
To put Mahomes’ massive contract into perspective, here is how it compares to the top contracts in other major sports:
Largest Active Contracts in American Pro Sports
| Player | Sport | Contract Length | Total Value |
|---|---|---|---|
| Patrick Mahomes | NFL | 10 years | $503 million |
| Mike Trout | MLB | 12 years | $426.5 million |
| Canelo Alvarez | Boxing | 5 years | $365 million |
| John Wall | NBA | 4 years | $171 million |
| Auston Matthews | NHL | 5 years | $58.2 million |
Mahomes has the biggest contract in American pro sports history. His deal reflects his incredible on-field talents and ability to dominate games in his mid 20s. It significantly outpaces the largest contracts in other leagues like MLB, boxing, NBA, and NHL.
Career Accomplishments
In addition to his wealth, Mahomes has piled up a long list of accomplishments over his short NFL career:
- 2018 NFL MVP (age 23)
- Super Bowl LIV Champion & MVP (age 24)
- 4x Pro Bowl selection
- First-team All-Pro in 2018
- 2018 NFL passing touchdowns leader (50)
- Fastest player in NFL history to reach 10,000 passing yards (34 games)
- Most passes without an interception to start a season (277)
- Best touchdown to interception ratio in NFL history (4.77)
- Only QB in NFL history with 4,000+ passing yards in 3 of first 4 seasons
- Highest career quarterback rating through first 5 seasons (108.7)
Mahomes already has a resume that rivals all-time greats and he is just getting started. He has a legitimate chance to break nearly every major passing record in league history.
Conclusion
At only 27 years old, Patrick Mahomes has already achieved a net worth between $100-$120 million. His NFL contracts and endorsements provide him with tens of millions in annual earnings. Given his age and elite status, Mahomes is poised to be the next famous athlete billionaire. Despite his fortune, Mahomes has remained humble and eager to give back to causes he cares about. His wealth will likely grow exponentially in the coming years as he solidifies his place as one of the greatest quarterbacks ever. But for now, the half billion dollar man will remain focused on chasing Super Bowls for Kansas City.
Frequently Asked Questions
Here are some common questions that provide more details about Patrick Mahomes’ net worth and earnings.
How much did Mahomes make for winning the Super Bowl?
Mahomes earned an additional $124,000 in bonus money for winning the Super Bowl MVP award. Chiefs players also likely received approximately $150,000 each for winning the Super Bowl.
What endorsements does Mahomes have?
Some of Mahomes’ biggest endorsements are with Adidas, Oakley, Head & Shoulders, Hyperice, State Farm, and BioSteel. He likely earns over $15 million annually from endorsements.
Does Mahomes own any Kansas City sports teams?
Yes, Mahomes owns a minority stake in the Kansas City Royals MLB franchise that he purchased in 2020. He also has ownership equity in Sporting Kansas City of MLS.
Does Mahomes have his own brand?
Yes, Mahomes launched his own lifestyle brand called 2PM in 2021. The brand sells apparel and merchandise featuring his personal logo.
What charity work does Mahomes do?
He formed the 15 and the Mahomies Foundation which supports underserved youth through sports and education programs. He partners with Convoy of Hope and other charities as well.
