What Is Patrick Mahomes’ Net Worth?

Mandatory Credit: Photo by Charlie Riedel/AP/Shutterstock (11677888bw)Kansas City Chiefs quarterback Patrick Mahomes watches from the sideline during the first half of an NFL football game against the Los Angeles Chargers, in Kansas CityChargers Chiefs Football, Kansas City, United States - 03 Jan 2021.
Charlie Riedel/AP/Shutterstock / Charlie Riedel/AP/Shutterstock

NFL Football player Patrick Mahomes of the Kansas City Chiefs might surpass the New York Giants’ Eli Manning as the highest-paid player in the NFL once the 25-year-old starting quarterback gets a few years into his 10-year, $500 million-plus contract with the Chiefs. Despite his $40 million salary from his NFL team, Patrick Mahomes’ net worth at the moment is a cool $40 million.

Where does he make his money, and how is he spending it so quickly?

  • Net worth: $40 million
  • Date of birth: Sept. 17, 1995
  • Primary source of wealth: Quarterback for the Kansas City Chiefs
  • Career highlights: Quarterback for the Kansas City Chiefs, Super Bowl winner, Sports Illustrated’s Sportsperson of the Year honoree in 2020

Discover: Travis Kelce Lost Big Without a Financial Advisor — Why You Need One Too

On the Heels of the NFL’s Highest-Paid Player

In his last year with the NFL, New York Giants quarterback Eli Manning achieved the title of highest-paid player in the NFL, with career earnings totaling $252 million. But the next generation is set to surpass his record. If Mahomes makes it the full 10 years with the Chiefs, he will earn a total of $503 million, making him the first half-billion-dollar athlete in sports history, according to Celebrity Net Worth.

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Splurging on His Fiancee

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.”

He didn’t leave money sitting in his bank account long, however. A few days after the CBS Sports interview, USA Today reported that he splurged on a Ferrari 812 Superfast — a $338,000-plus ride. More recently, he purchased an SUV for his fiancee Brittany Matthews, who’s pregnant with their daughter. TMZ speculates from a video posted by the young mom to be that the vehicle could be a $200,000-plus Lamborghini.

Watch Your Spending: 13 NFL Players Who Lost Millions

Investing In the Future

However, not all of Mahomes’ purchases have been for luxury. The same day he bought his Ferrari, Mahomes purchased a stake in the Kansas City Royals baseball team, a Major League Baseball club valued at $1 billion, making him the youngest team owner in the history of the sport.

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Last updated: Sept. 8, 2021

About the Author

These articles are written by the in-house GOBankingRates team.

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