Net Worth Ranker
What Is Patrick Lavon Mahomes II Net Worth?
Patrick Lavon Mahomes II, a prominent figure in American professional football, has amassed a considerable fortune through his athletic prowess and strategic financial decisions. As of today, Patrick Mahomes’ net worth is estimated to be $90 million. This substantial wealth is primarily composed of his lucrative NFL contracts, strategic endorsement deals, and investments in various ventures, reflecting his status as one of the highest-paid athletes globally.
Patrick Mahomes’ Financial Success: Salary, Contracts, and Endorsements
Mahomes’ financial ascent is significantly anchored in his professional football career. His current salary stands at $40 million annually, a testament to his exceptional talent and indispensable role within the Kansas City Chiefs. A pivotal moment in his financial journey occurred on July 6, 2020, when he inked a monumental 10-year contract extension with the Chiefs. While initial reports suggested a value “over $400 million,” further details revealed the deal’s potential to reach an astounding $503 million, inclusive of various incentives and mechanisms. This landmark agreement solidified Mahomes’ position as the first half-billion-dollar athlete in sports history.
The contract’s intricacies include $477 million in “guaranteed mechanisms,” with $140 million fully guaranteed against injury. This structure provides Mahomes with substantial financial security while also incentivizing peak performance throughout the contract’s duration.
Prior to this groundbreaking extension, Mahomes signed a four-year deal with the Chiefs upon entering the NFL in 2017. This initial contract, valued at $16.2 million, was fully guaranteed and included a $10 million signing bonus. Although modest compared to his current earnings, this initial agreement laid the foundation for his subsequent financial success.
Beyond his NFL earnings, Mahomes has cultivated a diverse portfolio of endorsement deals with prominent brands. These partnerships significantly augment his income and enhance his public profile. Some of his notable endorsements include collaborations with Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. These endorsements span various sectors, from sports apparel and equipment to insurance and retail, reflecting Mahomes’ broad appeal and marketability.
Mahomes’ influence extends to the realm of video games, as he was selected as the cover athlete for Madden NFL 20, marking the first time a Chiefs player had received this honor. Subsequently, he shared the cover of Madden NFL 22 with Tom Brady, further solidifying his status as a prominent figure in popular culture.
Early Life and Career Foundation
Born on September 17, 1995, in Tyler, Texas, Patrick Lavon Mahomes II exhibited exceptional athletic talent from an early age. As a student at Whitehouse High School, he excelled in football, baseball, and basketball. In his senior year on the football team, he threw for 4,619 yards and 50 touchdown passes, showcasing his prodigious talent. In baseball, he threw a no-hitter with 16 strikeouts. Mahomes believes pitching and playing basketball helped him improve as a quarterback over the years.
Rated as the 12th-best dual-threat quarterback in his class, Mahomes received offers from Texas Tech, Rice, and Houston. Despite being selected by the Detroit Tigers in the 37th round of the 2014 MLB Draft, he opted to pursue football at Texas Tech, demonstrating his commitment to the gridiron.
During his college career at Texas Tech, Mahomes garnered numerous accolades, including being named Second-team All-Big 12 in 2016. He set NCAA records for single-game passing yards (734) and single-game total offense yards (819) in a game against Oklahoma. In his junior year, he led all NCAA Division I FBS players with 5,052 passing yards and 53 total touchdowns. His outstanding performance earned him the Sammy Baugh Trophy in 2016.
NFL Career Milestones and Achievements
Mahomes’ NFL career commenced in 2017 when the Kansas City Chiefs selected him with the 10th overall pick in the first round of the NFL Draft. After serving as a backup to Alex Smith during his rookie season, he was named the starting quarterback in 2018. Mahomes swiftly established himself as a dominant force, setting NFL records for most touchdown passes thrown through the first three career games and becoming the youngest quarterback to throw for six touchdowns in a game.
In 2018, Mahomes became only the second player in NFL history, joining Peyton Manning, to throw for 50 touchdowns and 5,000 yards in a single season. He was named the NFL Offensive Player of the Year and NFL MVP, solidifying his status as one of the league’s premier players.
In January 2020, Mahomes led the Chiefs to their first Super Bowl appearance in 50 years. The Chiefs defeated the San Francisco 49ers 31-20, and Mahomes was named the Super Bowl MVP, becoming the second black quarterback and youngest overall to win the award. Mahomes has led the team to 3 Super Bowl wins. These achievements have further amplified his earning potential through increased endorsement opportunities and performance-based bonuses.
In 2022, Patrick Mahomes set the NFL record for the most total yards by a quarterback in a season with 5,608 and broke his own Chiefs’ franchise record for passing yards in a season with 5,250. These records solidified his reputation as one of the most talented and successful quarterbacks in the league, further boosting his brand and marketability.
Kansas City Royals Ownership Stake
Beyond his football endeavors, Mahomes has diversified his investments by acquiring an ownership stake in the Kansas City Royals baseball team. The exact size of his stake remains undisclosed, but this strategic investment demonstrates his commitment to the Kansas City community and his acumen for business ventures. Given that the team was purchased for $1 billion a year prior, even a small percentage represents a significant financial commitment and potential for future returns.
Real Estate Investments
Mahomes’ real estate portfolio reflects his growing wealth and investment strategy. In 2019, he purchased a home in Kansas City for $1.9 million, later listing it for sale at just under $3 million. The property sold quickly, demonstrating the value of his real estate holdings. In early 2020, Mahomes acquired a home in Dallas for $3.4 million, further expanding his real estate footprint. In 2021, Patrick paid $400,000 for an undeveloped lot in the exclusive Kansas City gated community of Loch Lloyd. These investments provide both personal residences and potential avenues for long-term financial appreciation.
Construction on his “dream home” finished in 2023, complete with a massive mansion, giant pool, private pond, a par three golf hole, and half a football field with his personal logo and name printed in the endzone. While the precise cost of this custom-built estate is not publicly available, it undoubtedly represents a substantial investment and a significant addition to his overall net worth.
Philanthropic Endeavors
Mahomes established the “15 and the Mahomies Foundation” in 2019, demonstrating his commitment to giving back to the community. While the foundation’s specific financial contributions are not publicly detailed, its mission to improve the lives of children reflects Mahomes’ dedication to using his wealth and influence for positive social impact. Such philanthropic endeavors not only benefit society but also enhance his public image and brand reputation, indirectly contributing to his long-term financial success.
