Patrick Mahomes Net Worth (Money & Salary)

Patrick Mahomes’ net worth and salary – What is it?

Patrick Mahomes, the American professional football player possesses a net worth of $90 million and earns an annual salary of $40 million. Hailing as the quarterback for Texas Tech, Mahomes entered the NFL Draft in 2017 as the 10th overall pick by the Kansas City Chiefs. He stands among the top-paid athletes globally. Notably, in 2020, Mahomes led the Chiefs to their first Super Bowl victory since 1969, repeating the feat in 2023.

Early Life

Born on September 17, 1995, in Tyler, Texas, Patrick Lavon Mahomes II is the son of MLB pitcher Pat Mahomes and Randi Martin. Across his high school days at Whitehouse High School, where he excelled at football, baseball, and basketball, Mahomes showcased his talent. His achievements included impressive passing and rushing stats in football, along with pitching a no-hitter in baseball. Rated as the 12th-best dual-threat quarterback in his class, Mahomes eventually chose football over baseball, declining an MLB draft selection by the Detroit Tigers.

Continuing his sports journey, Mahomes attended Texas Tech for college, where he made a mark, setting records for passing and total offense. Notably, in 2016, Mahomes secured the Sammy Baugh Trophy.

NFL Career

Drafted by the Kansas City Chiefs in the 2017 NFL Draft, Mahomes eventually rose as the team’s starting quarterback in 2018. His NFL journey witnessed breaking records and earning accolades, like NFL Offensive Player of the Year and NFL MVP. Notably, Mahomes played a pivotal role in the Chiefs’ Super Bowl victories in 2020 and 2023.

Furthermore, setting records for total yards in a season, Mahomes continued to enhance his stature in the league, culminating in multiple AFC Championship appearances and several personal milestones.

Salary and Contracts

Initially securing a rookie deal with the Chiefs in 2017 worth $16.2 million, Mahomes paved the way for a groundbreaking contract extension. His subsequent extension in 2020 catapulted him into the league’s top earners, with a deal reportedly crossing $500 million, establishing him as the first half-billion dollar athlete in sports history.

$500 Million Contract

Signing a 10-year extension with the Chiefs in 2020, initially reported at over $400 million, Mahomes’ deal eventually soared to a potential $503 million, backed by substantial guarantees and milestones.

Kansas City Royals

In August 2020, fresh off his Super Bowl victory, this momentous contract signing solidified Mahomes’ financial legacy as he continued to shine in the NFL.

An ownership stake in the Kansas City Royals baseball team was acquired by Patrick Mahomes in a deal. The size of the stake he purchased remains unknown. However, considering the team’s $1 billion purchase a year earlier, an ownership stake of 1% would have approximately cost him $10 million. This marked a significant investment for Mahomes, who had earned just $13 million on the field up to that point in his career.

Endorsements

Patrick Mahomes has already secured numerous endorsement deals in his brief NFL career. One notable partnership is with Hunt’s, following his public endorsement of ketchup. His sponsors also include Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. Additionally, he graced the cover of Madden NFL 20 as the featured athlete, becoming the first Chiefs player in the history of the video game. Two years later, he shared the cover of Madden NFL 22 with Tom Brady.

Personal Life

Patrick Mahomes tied the knot with his high school sweetheart, Brittany Matthews, on March 12, 2022. The couple shares two children, a girl and a boy. Mahomes proposed to Brittany on September 1, 2020, at Arrowhead Stadium, coinciding with the day he received his Super Bowl ring.

Initiated in 2019, Mahomes founded the “15 and the Mahomies Foundation,” aiming to enhance the lives of children.

Former Major League pitcher LaTroy Hawkins, his father’s ex-teammate with the Minnesota Twins, holds the role of godfather to Patrick Mahomes.

Real Estate

In 2019, a property in Kansas City was acquired by Patrick for $1.9 million. Subsequently, he listed this residence for sale at just under $3 million in June 2019, which quickly found a buyer. In early 2020, a home in Dallas was purchased by Patrick for $3.4 million. Moreover, in 2021, an undeveloped lot in the prestigious Kansas City gated community of Loch Lloyd was procured for $400,000. Construction on his dream home was completed in 2023, featuring a grand mansion, expansive pool, private pond, a par three golf hole, and half a football field with his personal logo and name adorning the endzone.