Kansas City Chiefs quarterback Patrick Mahomes is getting into Formula 1.
Earlier this month, Mahomes joined a group of investors backing F1 team Alpine, including fellow Chiefs player Travis Kelce, and champion golfer Rory McIlroy. The group is led by private investment firm Otro Capital, which announced a 200 million euro (about $211 million) investment in Alpine F1 in June 2023, along with other investors including actor Ryan Reynolds and Rob McElhenney.
This isn't Mahomes' first venture into sports teams—the two-time Super Bowl MVP is invested in a Major League Baseball team and a soccer team among other investments. Mahomes has a net worth of $70 million, according to Celebrity Net Worth, thanks to earning millions on and off the field.
Key Takeaways
- Patrick Mahomes joined a group of investors backing Formula 1 team Alpine, along with fellow Chiefs player Travis Kelce, and champion golfer Rory McIlroy.
- Mahomes has a net worth of $70 million, according to Celebrity Net Worth.
- He earned $29.45 million for the 2022 NFL season, according to Spotrac.
- Mahomes is invested in the MLB team Kansas City Royals, and women's soccer team Kansas City Current, as well as a few sports wellness companies, among others.
Mahomes' NFL Salary
A two-time National Football League MVP, Mahomes earns millions from his career as a star quarterback of the Kansas City Chiefs. In 2020, Mahomes signed a 10-year, $450 million contract extension with the Chiefs through 2031.
In September 2023, Mahomes' contract with the Chiefs was restructured, and the new contract will pay Mahomes a guaranteed $210.6 million between 2023 and 2026, the most a player has been paid in a four-year span, according to the NFL.
Mahomes earned $29.45 million for the 2022 NFL season, according to Spotrac. With the restructured contract, the 28-year-old quarterback is expected to make $56.85 million for the 2023 season, according to AP News.
Mahomes' Investments and Businesses
Outside of the NFL, Mahomes has a series of sports investments, brands, and businesses that make him millions.
Mahomes has made an estimated $20 million from endorsem*nts in 2022. Mahomes has had endorsem*nt deals with Adidas, State Farm, Oakley, Nestlé, and DirectTV, among others.
Mahomes has a 1% stake in Major League Baseball team Kansas City Royals. The team is valued at $1.2 billion, according to Sportico. Mahomes is also invested in the Kansas City Current, a professional women's soccer team.
Besides sports teams, Mahomes is invested in sports recovery and wellness companies, too.
Mahomes has a stake in Whoop, a wearable fitness tracker that was valued at $3.6 billion as of 2021. The quarterback is also invested in Hyperice, a company that makes massage guns and hot and cold therapy devices for sports recovery. Hyperice had a valuation of $700 million as of 2020 and got $100 million in capital from an investment firm in July 2023.
Mahomes is also invested in KMO Burgers, an expansion venture by Texas fast-food chain, Whataburger. A Texas native, Mahomes helped open the first Whataburger location in Kansas City in 2022.
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FAQs
What is Patrick Mahomes' net worth? Patrick Mahomes has a net worth of $90 million, according to CelebrityNetWorth.com. Mahomes' net worth mostly stems from his NFL earnings, which as of the 2023 NFL season, the seventh of his professional career, have amounted to over $136 million.
How much does Patrick Mahomes make every year in endorsem*nts? ›
Quite the opposite, as according to a recent report, Mahomes not only made $45 million in salary last season, but he also another $20 million from his endorsem*nt deals with several brands, including Adidas, Coors Light, State Farm, and Subway, BOSS, T-Mobile & Walmart, amongst others.
What does Patrick Mahomes do with all his money? ›
As one of the brightest stars in the league, Mahomes makes tons of money both on and off the field. Mahomes has since invested in several sports teams, innovative sports technology, and restaurants.
How much will Patrick Mahomes make in 2024? ›
Mahomes will have a cap hit of just around $37 million in 2024, which is spread out across his base salary, restructure bonus, roster bonus, and workout bonus, per Spotrac. Over the following three seasons, that cap hit will become around $66 million, $68 million, and $64 million, respectively.
What car does Patrick Mahomes drive? ›
When it comes to speed and style, Patrick Mahomes doesn't just stop at touchdowns – he also reigns supreme on the road with his Ferrari 812 Superfast. As a professional athlete with a multi-million-dollar contract, Mahomes certainly has the means to indulge in his love for luxury cars.
How much is the Mahomes Super Bowl ring worth? ›
The $40,000 championship rings, which Patrick Mahomes, Travis Kelce and the rest of the Chiefs squad earned after defeating the San Francisco 49ers on Feb.
What percent of the royals does Mahomes own? ›
Mahomes has a 1% stake in Major League Baseball team Kansas City Royals. 6 The team is valued at $1.2 billion, according to Sportico. 7 Mahomes is also invested in the Kansas City Current, a professional women's soccer team. Besides sports teams, Mahomes is invested in sports recovery and wellness companies, too.
How rich is Brittany Mahomes? ›
Brittany Mahomes, a prominent figure in the NFL world, is often seen by her husband Patrick Mahomes' side, supporting him at Kansas City Chiefs games. But beyond her role as an NFL wife, Brittany has carved out her own path to success, amassing a reported net worth of $15 million as of 2024.
How much does Patrick Mahomes get paid for commercials? ›
How much does he get paid for one ad? While sports stars do not generally release their brand deals' value, according to Celebrity Talent Internet, it costs around $300,000 to $499,000 to hire Mahomes for one ad. And of course, Adidas isn't the only company that wants to piggyback on his popularity.
How much is Patrick Mahomes making a day? ›
One may ask just how much the 2018 MVP and reigning Super Bowl Champion signal caller is receiving. ESPN's social media team did the math, and determined that Mahomes will make $1.60 per second, $96 per minute, $5,472 per hour and $137,808 per day from now until the end of his contract.
Of course, the latter is in the second year of his rookie contract, and was taken last overall in the 2022 NFL Draft. Mahomes, meanwhile, is in the fourth season of a 10-year, $450 million contract — the single-largest contract in NFL history.
How much did Patrick Mahomes senior make? ›
Pat Mahomes Sr.'s career earnings
Pat Mahomes Sr. played for a number of MLB teams from 1992-2003. During his career, he is estimated to earn slightly less than $3 million.
Patrick Mahomes Net Worth: How Rich is Pat ...MoneyMadehttps://moneymade.io ›
Learn about the NFL superstar Patrick Mahomes net worth of $40 million. Here's how he invests his millions in real estate, private equity, and stocks.
As one of the biggest current stars in the NFL, Patrick Mahomes is a formidable force to be reckoned with on the field. The Kansas City Chiefs quarterback comes...
The Kansas City Chiefs quarterback, Patrick Mahomes, has become something of a household name thanks to his 2019 season with the team when he led them to their ...
Mahomes has a net worth of $70 million, according to Celebrity Net Worth. He earned $29.45 million for the 2022 NFL season, according to Spotrac. Mahomes is invested in the MLB team Kansas City Royals, and women's soccer team Kansas City Current, as well as a few sports wellness companies, among others.
How valuable is Patrick Mahomes? ›
What is Patrick Mahomes' net worth? Patrick Mahomes, the Kansas City Chiefs' star quarterback, has seen a meteoric rise not just on the field but also in his financial portfolio. As of 2024, his net worth is estimated to range from $40 million to $70 million.
Is Patrick Mahomes the richest athlete? ›
Highest paid athletes 2024: Cristiano Ronaldo untouchable, Patrick Mahomes overtaken by NFL rivals. No one can touch Cristiano Ronaldo when it comes to making money. Every year, Forbes releases a list of the professional athletes that are making the most money throughout the world.
