What Is Patrick Mahomes’ Net Worth?

Mandatory Credit: Photo by Jeff Lewis/AP/Shutterstock (13710048im)Kansas City Chiefs quarterback Patrick Mahomes (15) walks off the field after defeating the Las Vegas Raiders 31-13 in an NFL football game, in Las Vegas, NVChiefs Raiders Football, Las Vegas, United States - 07 Jan 2023.
Jeff Lewis/AP/Shutterstock / Jeff Lewis/AP/Shutterstock

Patrick Mahomes of the Kansas City Chiefs signed the richest deal in NFL history when he inked his 10-year, $500 million-plus contract with the Chiefs, which took effect in 2022. The 2018 NFL Most Valuable Player, Mahomes has a ways to go before he reaches Tom Brady’s career earnings of $333 million – as well as his seven Super Bowl titles. Mahomes has one and counting. Keep reading to learn more about this rising football star.

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NFL Career

Mahomes, now 27, was a first-round selection by the Chiefs in the 2017 NFL Draft. Seeing something special in the Texas Tech product, Kansas City traded three draft picks to move from No. 27 to No. 10 just so they could select Mahomes. The move has paid off for both as Mahomes led the Chiefs to a seventh consecutive AFC West championship in 2022, and Celebrity Net Worth estimates Mahomes’ net worth at $40 million.

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Endorsements and Investments

Mahomes landed at No. 24 on Forbes’ 2022 list of richest athletes, calculating his earnings at $49.1 million. Of that, $29.1 million came from football, the rest from endorsements. He has sponsorship deals with a variety of companies, listed by Forbes as Adidas, Airshare, BioSteel, Bose, CommunityAmerica Credit Union, DIRECTV, Electronic Arts, GEHA, Hy-Vee, Molson Coors Brewing, Nestlé, Oakley, Panini, Procter & Gamble, State Farm and Whoop.

Among his investments, Mahomes has bought into Kansas City’s other pro sports franchise: the Kansas City Royals of Major League Baseball, Sporting KC of Major League Soccer and KC Current of the National Women’s Soccer League. His stake in the Royals made him the youngest team owner in the history of the sport.

Splurging on Vehicles

Shortly after signing the half-billion-dollar contract, Mahomes told CBS Sports, “I haven’t bought anything… I feel exactly the same… I’m going to be the same person I was before I got the contract and before I got to the NFL.”

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Well, he did buy at least a couple of things. A few days after the CBS Sports interview, USA Today reported that he splurged on a Ferrari 812 Superfast — a $338,000-plus ride. Later, he purchased an SUV – speculated by TMZ to be a $200,000-plus Lamborghini — for his fiancée, Brittany Matthews. Now married, the Mahomes have one daughter and are expecting a son in early 2023.

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About the Author

Jami Farkas holds a communications degree from California State University, Fullerton, and has worked as a reporter or editor at daily newspapers in all four corners of the United States. She brings to GOBankingRates experience as a sports editor, business editor, religion editor, digital editor — and more. With a passion for real estate, she passed the real estate licensing exam in her state and is still weighing whether to take the plunge into selling homes — or just writing about selling homes.
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