Curious about Patrick Mahomes net worth? Discover how the NFL superstar earned his fortune through contracts, endorsements, and smart investments in this detailed breakdown.
Patrick Mahomes is not just one of the best quarterbacks in the NFL—he’s also one of the wealthiest. With record-breaking contracts, lucrative endorsements, and savvy business moves, Mahomes has built an impressive fortune at a young age. But just how much is Patrick Mahomes worth in 2024?
In this article, we’ll break down Patrick Mahomes’ net worth, his earnings from football, endorsement deals, investments, and what the future holds for this Kansas City Chiefs superstar.
Patrick Mahomes’ Net Worth in 2024
As of 2024, Patrick Mahomes’ net worth is estimated to be around $90 million. However, this figure is expected to grow rapidly due to his massive NFL contracts and off-field ventures.
Mahomes became the highest-paid athlete in NFL history when he signed a 10-year, $450 million extension with the Kansas City Chiefs in 2020. Combined with his endorsement deals and investments, his wealth is set to skyrocket in the coming years.
How Patrick Mahomes Made His Money
1. NFL Contracts & Salary
Patrick Mahomes’ primary source of wealth comes from his NFL career. Here’s a breakdown of his earnings:
- Rookie Contract (2017-2021): Signed a 4-year, $16.4 million deal after being drafted 10th overall by the Chiefs.
- First Extension (2020): A historic 10-year, $450 million contract, the richest in sports history at the time.
- Restructured Deal (2023): Adjusted to include more guaranteed money, ensuring long-term financial security.
Mahomes earns an average of $45 million per year from his NFL salary alone, with incentives pushing his earnings even higher.
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2. Endorsement Deals & Sponsorships
Beyond football, Mahomes is a marketing powerhouse. Some of his biggest endorsement deals include:
- Adidas – Multi-million dollar shoe and apparel deal.
- State Farm – Star of popular commercials alongside Aaron Rodgers (now with Jake from State Farm).
- Oakley – Exclusive eyewear partnership.
- Hyundai – Featured in Super Bowl commercials.
- Bose, DirectTV, and many more.
Experts estimate Mahomes earns $15-20 million annually from endorsements alone.
3. Business Ventures & Investments
Mahomes isn’t just spending his money—he’s growing it through smart investments:
- Kansas City Royals (MLB): Became a part-owner in 2020.
- Whataburger: Invested in the Texas-based fast-food chain.
- Hyperice: Equity stake in the recovery and wellness brand.
- Founder of “Mahomes Brands”: A company overseeing his business ventures.
His investment strategy focuses on sports, tech, and consumer brands, ensuring long-term wealth growth.
4. Real Estate Holdings
Like many wealthy athletes, Mahomes has invested in luxury real estate:
- Kansas City Mansion: A $2.9 million home with a pool, gym, and theater.
- Texas Properties: Owns multiple properties in his home state.
Comparing Mahomes’ Wealth to Other NFL Stars
While Mahomes is among the richest NFL players, how does he stack up against others?
| Player | Net Worth (2024) | Biggest Contract |
|---|---|---|
| Patrick Mahomes | $90M | $450M (10 years) |
| Tom Brady | $300M+ | $375M (Fox Sports deal) |
| Aaron Rodgers | $200M | $150M (Packers/Jets) |
| Russell Wilson | $165M | $245M (Broncos) |
Mahomes is on track to surpass many of these legends, especially with his long-term Chiefs contract.
How Mahomes Spends His Money
Luxury Purchases
- Private Jets: Often charters flights for family and team trips.
- Cars: Owns a Rolls-Royce, Ferrari, and customized SUVs.
- Super Bowl Rings: His championship rings are worth millions.
Philanthropy
- 15 and the Mahomies Foundation: Supports children’s charities and youth sports programs.
- Donations to Food Banks & Schools: Active in Kansas City community initiatives.
Future Earnings Potential
At just 28 years old, Mahomes has decades left to grow his wealth. Potential future income sources include:
- New Endorsements: As his fame grows, more brands will seek partnerships.
- Broadcasting Career: Could follow Tom Brady into TV after retirement.
- Expanding Business Empire: More investments in tech, sports, and startups.
Some predict Mahomes could become a billionaire by his 40s if his investments pay off.
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FAQs About Patrick Mahomes’ Net Worth
1. What is Patrick Mahomes’ salary per game?
With his 45M/yearaverage,Mahomesearns∗∗2.6 million per game** (including playoffs).
2. How much does Mahomes make from State Farm?
Estimates suggest $3-5 million annually from his State Farm ads.
3. Is Patrick Mahomes a billionaire?
Not yet, but he could reach billionaire status in the next decade with smart investments.
4. Who is richer: Mahomes or Tom Brady?
Currently, Brady has a higher net worth ($300M+), but Mahomes could catch up.
5. What’s Mahomes’ biggest source of income?
His NFL contract contributes the most, but endorsements are a close second.
Conclusion
Patrick Mahomes’ net worth reflects his dominance on and off the field. From a record-breaking NFL contract to high-profile endorsements and smart investments, he’s building a financial legacy that could rival the greatest athletes in history.
With multiple Super Bowl wins, MVP awards, and a thriving business portfolio, Mahomes is not just a football legend—he’s a financial powerhouse. As he continues to excel, his net worth will only climb higher, possibly making him the richest NFL player of all time.
Final Word: Patrick Mahomes is a perfect example of how talent, hard work, and smart financial decisions can lead to extraordinary wealth. Whether you’re a Chiefs fan, an NFL enthusiast, or just curious about athlete finances, his journey is one to watch!
Would you like any updates or additional details on Mahomes’ latest deals? Let us know in the comments!