Patrick Mahomes' Net Worth: From Texas Tech to Super Bowl MVP How He Made His Money

It's hard to believe that Patrick Mahomes was an unheralded college football player at Texas Tech University just a few years ago. His meteoric rise up to this point has certainly caught everyone's attention. But how did Mahomes achieve his success? Here, we will take an in-depth look into Patrick Mahomes' net worth and explore all the factors that have made him one of today's biggest superstars.

Plus, find out how we can mentor you to become a millionaire yourself, FREE.

What is Patrick Mahomes' Net Worth?

Patrick Mahomes is an example of a young, successful individual who has built his fortune through hard work and dedication. At just 27 years old, the quarterback for the Kansas City Chiefs NFL team has gathered a net worth of approximately $50 million.

Mahomes has also been selected to two Pro Bowls, won two AFC Championships, and was awarded the NFL MVP award in 2018. He is an incredibly talented athlete who continues to make history on and off the field.

Patrick also acquired a share in the Kansas City Royals baseball team to add to this impressive financial portfolio. This makes him history's youngest professional sports team owner, increasing his substantial fortune.

Who is Patrick Mahomes?

Patrick Mahomes is the quarterback for the National Football League's Kansas City Chiefs in American football (NFL). He was born on September 17, 1995. At just 27 years old, he has established himself as one of the most successful quarterbacks in NFL history.

Mahomes has also been selected to two Pro Bowls, won two AFC Championships, and was awarded the NFL MVP award in 2018. His success on the field earned him a 10-year, $450 million contract extension with the Chiefs in 2020. Off the field, he has over 5.6 million followers on Instagram and is known for his charitable work with organizations such as 15 and The Mahomies Foundation.

As a child, he initially played college football and baseball at Texas Tech University. He is now married to Brittany Matthews, with whom he has two children; Patrick Lavon Mahomes III and Sterling Skye. With a height of 6 ft 2 in (1.88 m), Patrick is considered one of the most talented quarterbacks in the NFL today.

Since joining the Chiefs, his career has flourished as he led them to win Super Bowl LIV, the first in 50 years. He was also named the NFL Offensive Player of the Year in 2018 and selected to the Pro Bowl four times (2017-2020).

Patrick Mahomes' impressive accomplishments have earned him recognition among the greatest quarterbacks in NFL history. He is also a great role model for children, inspiring them to pursue their dreams and succeed despite obstacles. 

How did Patrick Mahomes make his money?

Patrick Mahomes’ success on the football field has earned him a tremendous amount of money. But how did he make his money?

Endorsement Deals

Patrick Mahomes has landed several lucrative endorsement deals from some of the biggest brands worldwide. He is sponsored by Adidas, Bose, Electronic Arts, Oakley, and BioSteel. 

Mahomes also serves as a brand ambassador for Nike and State Farm Insurance. His endorsement deals have earned him millions of dollars and international recognition.

Investing

Mahomes has also been a sharp investor since entering the NFL, investing in several companies, including wearable-technology company Whoop in 2020. His investments have seen significant returns.

Other notable Whoop investors include pro athletes Kevin Durant, Eli Manning, and Larry Fitzgerald. Mahomes is also a part-owner of Kansas City's first Whataburger restaurant and the Kansas City-based Big Slick Celebrity Weekend fundraising event.

NFL Salary

Mahomes signed his first full contract with the Kansas City Chiefs in 2017, a $16.4 million deal over four years. In 2020, Mahomes signed a 10-year, $503 million contract extension with the Chiefs, including an NFL record $140 million signing bonus and a total of $477 million guaranteed money. This is the most lucrative sports contract, earning Mahomes significant income.

Other Earnings

Aside from his investments, endorsement deals, and NFL salary, Mahomes also earns money through public appearance fees and memorabilia sales. He has been featured in several commercials for various products, including for Microsoft's Surface Pro tablet and the video game Madden NFL 20. His status as one of the NFL's biggest stars has made him a sought-after figure for various endorsement opportunities.

Mahomes earns money through multiple streams, ranking among the world's highest-paid athletes. His investments, endorsements, and NFL contracts have earned him millions of dollars and established his name among the world's top athletes. His wealth will only grow as he continues to leverage his success and enter into more lucrative deals.

By combining smart investments, endorsement deals, and a hefty NFL salary, Patrick Mahomes has become one of the wealthiest players in the NFL. His savvy business decisions have made him an income powerhouse and will ensure that he will continue accumulating wealth for many years.

FAQ

How did Patrick Mahomes Make his Money?

Patrick Mahomes has earned his money through endorsement deals, investments, NFL salary, and public appearance fees. His lucrative contracts with the Kansas City Chiefs and various brands have made him one of the highest-paid athletes in the world.

What Was Patrick Mahomes' Rookie Deal?

The Kansas City Chiefs and Patrick Mahomes have agreed to a four-year, $16.4 million deal with a $10.1 million signing bonus. The contract is fully guaranteed and gives the Chiefs an option for a fifth year.

This makes Mahomes one of the highest-paid quarterbacks in history for a rookie deal with the Chiefs. Mahomes was ranked 10th in the 2017 NFL Draft and is expected to be a cornerstone of the franchise for years.

What Endorsements Does Patrick Mahomes Have?

Patrick Mahomes has a variety of lucrative endorsement deals. These include partnerships with Adidas, Bose, Electronic Arts, Oakley, and BioSteel. He also recently signed an agreement to become the face of Adobe Creative Cloud.

Such deals give Mahomes a platform to reach millions of fans while providing financial security and stability for his family.

What is Patrick Mahomes' Net Worth?

The net worth of 27-year-old NFL quarterback Patrick Mahomes is approximately $40 million. He has earned substantial wealth through endorsements, bonuses, and other football contracts. He also owns various businesses and investments, contributing to his net worth. 

What Bonuses Did Patrick Mahomes Receive?

Mahomes has recently received a base salary of $5,500,000, a roster bonus of $34,400,000, and a workout bonus of $550,000. These bonuses make him the highest-paid player in NFL history, with a total cap hit of $49,293,381 and a dead cap value of $94,880,143. 

What is Patrick Mahomes' Investment Portfolio?

Not only has Patrick Mahomes achieved success on the football field, but he's also made smart investments in his career. His portfolio includes various businesses, sports teams, and products.

One of his most well-known investments is in the fitness technology company Whoop, which provides users with real-time data to improve their workouts. Since joining as a strategic partner and investor in 2018, Mahomes has been involved in the company's growth.

In addition, Mahomes is an investor in Hyperice, a recovery technology company focusing on muscle health and performance. He has also invested in his hometown teams, the Kansas City Royals and Sporting Kansas City.

Mahomes invested in Whataburger, the popular Tex-Mex fast food chain, to round out his portfolio. In addition to being a strategic partner and investor, Mahomes has become the brand's official spokesperson.

Overall, Mahomes' investment portfolio is diverse and covers multiple industries. His investments reflect an understanding of the sports and business worlds, which should continue serving him well.

What Is Patrick Mahomes’ Real Estate Portfolio?

It's no secret that Patrick Mahomes has accumulated some impressive real estate over the years. The Kansas City Chiefs quarterback owns two Missouri homes, a Texas mansion, and a vacant plot of land - all with incredible value.

The first property is located in the city of his team, Kansas City, Missouri. He reportedly purchased a condo for $350,000 here. 

What Are Patrick Mahomes’ Sponsors?

Patrick has endorsement deals with some of the world's biggest brands, such as Adidas, Oakley, Airshare, Bio Steel, State Farm Insurance, and Direct TV.

How Has Patrick Mahomes’ Career Changed Since Becoming the Super Bowl MVP?

Mahomes' career has skyrocketed since he was named MVP of Super Bowl LIV. His name has become synonymous with athletes worldwide, with endorsement deals, investments, and public appearances.

What is Patrick Mahomes' Endorsement Income?

An estimated $20 million Patrick Mahomes earned in endorsements in 2022 was second only to Tom Brady. This figure includes lucrative deals with major brands.

Takeaway

Patrick Mahomes is a true inspiration. He is a hard worker who is always willing to put in the extra effort. He is also a team player who is always willing to help his teammates. Mahomes is a natural leader who is always able to motivate his team to victory. He is also a great role model for young athletes. 

If his story inspires you to become one of the best football players of your time, we wish you all the best! We probably can’t help you much, but we’ll cheer from the sidelines.

But if his net worth is what inspires you, now THAT is where we can help you!

In fact, we’re on a mission to make one million millionaires by 2028. We’d love YOU to be one of them.

That’s why we created this FREE course that will walk you through the process of becoming a millionaire, step by step. Get started building your net worth today… and maybe someday we’ll be writing an article about how you did it!