Connect with us

Basketball

Patrick Mahomes Net Worth: How Rich Is The Chiefs QB?

Published

on

We all know that athletes in the NFL can earn quite a lot of money, and Patrick Mahomes is definitely one of them. The Chiefs quarterback has quite an impressive career at a young age winning two Super Bowls, in which, he was the MVP of the match in both games.

Nowadays, he is constantly making headlines with his impressive performance, investing strategies, and deals.

Did you know that Patrick Mahomes first-ever NFL game was against the Denver Broncos? He holds an incredible record of beating the Colorado team, which was broken a few weeks ago when the Broncos finally defeated the Chiefs. You can explore more of the Chiefs vs Broncos history here. 

Patrick has been with the Kansas City Chiefs for 6 years, and we all wonder how much can an athlete earn in such a short period.

The answer? – A lot!

Considering that he is thinking about investing in Formula 1, obviously, he has earned a lot of money.

Let’s learn more about Patrick Mahomes’s net worth, and find out how much he actually earned playing football, and how he spends his money.

Patrick Mahomes Net Worth

According to Celebrity Net Worth, Patrick Mahomes is worth around $70 million, which is quite impressive considering that he was born in 1995.  Even though he is still in the early stages of his career, this figure should increase dramatically each year as he gains more recognition and triumphs.

At the conclusion of the 2022 season, Kansas City Chiefs quarterback Patrick Mahomes earned a second MVP award, a second Super Bowl, and a second MVP honor. Mahomes has become one of the greatest quarterbacks of all time and a potential Hall of Famer in less than five years. However, as the 2023 NFL season gets underway, we’re examining Patrick Mahomes’ 2023 net worth in this particular piece.

With a 2-1 record following a Super Bowl 57 victory against the Philadelphia Eagles, he has led Kansas City to five consecutive AFC Championship Game appearances and three trips to the Super Bowl since taking over as the starter. For this Chiefs club, we’re talking about dynasty territory.

Patrick Mahomes Salary

Mahomes has moved to the top of the NFL’s highest-paid players list once more thanks to the new four-year deal that will pay him $210.6 million. In fact, the two-time Super Bowl champion is just behind Joe Burrow, who still tops the list, with an annual compensation of $52.65 million.

Patrick Mahomes Endorsements

Following his season as MVP, Mahomes started to get offers from several sponsors. He made an estimated $20 million from sponsorship deals in 2022. Among the businesses with which Mahomes has endorsement deals are Adidas, DirectTV, Oakley, State Farm, and Nestlé.

You May Also Like  Cavinder Twins Net Worth: How Rich are the Sisters Actually?

Mahomes is on the cover of Madden NFL 22 alongside Tom Brady. Furthermore, Patrick Mahomes is the first NFL player to be signed to a contract with Oakley and acts as the company’s “Prizm Optics” line’s brand ambassador. In addition to his official salary, his current projected annual income is $7 million. As a result, Patrick Mahomes’ endorsement revenue has increased significantly, enabling him to live a lavish and contented life.

How Does Patrick Mahomes Spend His Money?

Quite luxuriously, to be honest. Mahomes has an 812 Superfast Ferrari. His house is approximately 3,759 square feet in size. Mahomes’ residence is in a gated, affluent neighborhood right in the middle of Kansas City. The 1953-built mid-century home is situated on a sizable green lot with lots of room for the dogs to run about in the backyard. With three bedrooms, the projected cost is around $1.9 million.

Mahomes makes millions of dollars via a variety of sports-related investments, companies, and ventures outside of the NFL.

Mahomes also has shares in the professional women’s soccer team Kansas City Current.

Owning a portion of Whoop, a wearable fitness tracker estimated at about $3.6 billion as of 2021, is Mahomes. The quarterback also owns stock in Hyperice, a manufacturer of hot and cold therapeutic equipment and massagers for athletes’ rehabilitation. 

Earlier this month, Mahomes became one of the investors supporting F1 team Alpine, along with professional golfer Rory McIlroy and fellow Chiefs player Travis Kelce. 

Leading the consortium is the private investment firm Otro Capital, which in June 2023 announced an investment of 200 million euros, or around $211 million, in Alpine F1. Other investors in the venture include Rob McElhenney and actor Ryan Reynolds.

Final Words

It seems like Patrick Mahomes is living the dream life. At a young age, he managed to get all the success an athlete can get in the NFL, which obviously, earned him a lot of money.

Additionally, Mahomes is playing really smart with his money. He is not going to play in the NFL for a long time, and there is always the risk of injury. Therefore, investing the money he earns is the right way to go.

We expect a lot of great things from Patrick Mahomes, considering still has a lot of time in the NFL. He might not be at the same level as Tom Brady with over $300 million, but he is definitely climbing the ladder.

 

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Rappers

Trending