Patrick Mahomes is the quarterback sensation of the Kansas City Chiefs. He is renowned for his exceptional skills on the field. But do you know what is Patrick Mahomes net worth?
According to Celebrity Networth, he has a net worth of $90 million as of 2024. He is getting an annual salary of $53.9 million. Mahomes owns several real estate properties and luxury cars.
Early Career
Patrick Mahomes’ journey to becoming one of the highest-paid athletes in the world began in 2017 when he was drafted by the Kansas City Chiefs.
Despite only playing one game in his rookie year, Mahomes quickly proved his worth when he ascended to the starting role in 2018.
His phenomenal performance led the Chiefs to unparalleled success, including three Super Bowl appearances and two victories in the last five years. Mahomes’ position at the top of his game has not gone unnoticed.
He has been selected to the Pro Bowl six times, won the NFL Offensive Player of the Year award, and has clinched the NFL Most Valuable Player title twice. Moreover, he is one of only four Black quarterbacks to have received the latter honor.
Unraveling Patrick Mahomes’ Net Worth
Mahomes’ net worth is an impressive amalgamation of his earnings from his professional contract, endorsement deals, and strategic investments. According to Celebrity Net Worth, his total net worth in 2024 is around $90 million. It ranks him among the wealthiest American athletes of the modern era.
Annual Salary and Contracts
Mahomes’ lucrative contract with the Kansas City Chiefs is the primary source of his wealth. In 2020, he inked a groundbreaking 10-year, $450 million deal, which remains the highest-paying contract in the history of American football.
The contract includes significant incentives, such as an additional $1.25 million for winning the Super Bowl, provided he participates in at least 50% of the game’s offensive snaps.
In addition to his base salary, Mahomes’ earnings also comprise signing bonuses, roster bonuses, workout bonuses, restructure bonuses, and contract incentives.
According to Forbes, Mahomes’ total annual earnings, including both his on-field and off-field income, amount to a staggering $59.3 million.
Luxury Assets and Lavish Lifestyle
Mahomes’ wealth is evident in his collection of luxury properties and cars. His real estate portfolio, valued at a whopping $8 million, includes several homes in Missouri and Texas. Each of these homes is adorned with luxurious amenities like pools, hot tubs, rose gardens, and screened porches.
Mahomes also has a penchant for luxury cars. His garage houses some of the most exotic car models, including the Ferrari 812 Superfast, the F8 Tributo, the Rolls-Royce Cullinan, and the Lamborghini Urus.
Endorsement Deals
Besides his contract and luxury assets, endorsement deals contribute significantly to Mahomes’ net worth. Following his MVP season in 2018, he began to attract the attention of multinational brands.
Mahomes currently has sponsorship deals with several well-known brands, including Essentia Water, Hy-Vee, State Farm, DirectTV, Adidas, and Head & Shoulders. He is also the face of Oakley’s ‘Prizm Optics’ campaign and has recently become a brand ambassador for Prime.
These endorsement deals collectively add $7 million to Mahomes’ annual income.
Philanthropic Work
Mahomes isn’t just about accumulating wealth. He committed himself to giving back to society. In 2019, he established the ’15 and the Mahomies’ foundation, which supports initiatives focusing on health, wellness, and other charitable causes.
He has contributed significantly to various charities through his foundation. It demonstrates that he is not just a top-tier athlete but also a socially responsible role model.
People Also Ask
Who is the highest-paid NFL player?
Patrick Mahomes is among the highest-paid NFL players, with a contract worth $450 million and annual earnings of around $59.3 million.
How much money did Mahomes get for winning the Super Bowl?
Mahomes received a bonus of $1.25 million for winning the Super Bowl, provided he participated in at least 50% of the game’s offensive snaps.
How much money does Patrick Mahomes actually make?
Patrick Mahomes’ annual earnings, including his salary, bonuses, and endorsement deals, amount to approximately $59.3 million.
What car does Patrick Mahomes drive?
Mahomes owns several luxury cars, including models from Ferrari, Rolls-Royce, and Lamborghini.
What businesses does Patrick Mahomes own?
Mahomes owns a minority stake in the Kansas City Royals baseball team and is part of the ownership group of the Alpine Formula 1 Team.