Patrick Mahomes, widely regarded as one of the most talented and successful quarterbacks in NFL history, has already amassed a net worth of $90 million by 2024. With a stellar career, record-breaking contracts, and numerous endorsement deals, Mahomes has cemented his place as a sports icon. Here’s a closer look at his journey, achievements, and financial milestones.
Early Life and Athletic Beginnings
Patrick Lavon Mahomes II was born on September 17, 1995, in Tyler, Texas. He is the son of former MLB pitcher Pat Mahomes and Randi Martin. Growing up, Mahomes excelled in multiple sports, including football, baseball, and basketball. At Whitehouse High School, he showcased his versatility, throwing for 4,619 yards and 50 touchdowns in his senior football season while also excelling on the basketball court and pitching a no-hitter in baseball.
Although he was drafted by the Detroit Tigers in the 37th round of the 2014 MLB Draft, Mahomes chose to focus on football. He attended Texas Tech University, where he became a standout quarterback. In 2016, he led the NCAA in passing yards with 5,052 and set single-game records for total offense (819 yards) and passing yards (734). These achievements earned him the Sammy Baugh Trophy and propelled him into the NFL spotlight.
NFL Career: From Rookie to Superstar
Patrick Mahomes was selected by the Kansas City Chiefs as the 10th overall pick in the 2017 NFL Draft. After spending his rookie year as a backup to Alex Smith, he became the starting quarterback in 2018. Mahomes immediately made an impact, throwing for over 5,000 yards and 50 touchdowns in his first season as a starter. He became the NFL MVP, Offensive Player of the Year, and a First-Team All-Pro, solidifying his status as a generational talent.
In 2020, Mahomes led the Chiefs to their first Super Bowl victory in 50 years, earning the Super Bowl MVP title. He repeated his success in 2023, leading the Chiefs to another Super Bowl win. Along the way, he set numerous records, including the NFL’s all-time total yardage record in 2022 with 5,608 yards.
The Historic $500 Million Contract
In July 2020, Patrick Mahomes signed a 10-year contract extension with the Chiefs worth up to $503 million, making him the first half-billion-dollar athlete in sports history. The deal included $477 million in “guaranteed mechanisms” and $140 million fully guaranteed against injury. His average annual salary of $40 million catapulted him to the top of the NFL’s earnings chart.
For context, this contract dwarfed the career earnings of many NFL legends. When it was signed, Drew Brees held the record for career earnings at $245 million. Mahomes’ deal not only reset the market but also underscored his unparalleled value to the Chiefs.
Endorsements and Business Ventures
Patrick Mahomes’ off-field earnings are equally impressive. He has endorsement deals with major brands such as State Farm, Adidas, Oakley, Head & Shoulders, DirecTV, Hy-Vee, Helzberg Diamonds, and Essentia Water. Mahomes’ love for ketchup even landed him a deal with Hunt’s. He also became the first Chiefs player to grace the cover of Madden NFL 20 and later shared the Madden NFL 22 cover with Tom Brady.
In 2020, Mahomes acquired a minority ownership stake in the Kansas City Royals MLB team, becoming one of the youngest team owners in sports history. This move demonstrated his long-term commitment to Kansas City and his vision for expanding his financial portfolio.
Personal Life and Philanthropy
Patrick Mahomes married his high school sweetheart, Brittany Matthews, on March 12, 2022. The couple has two children, a daughter and a son. Brittany, a former soccer player, is now a fitness entrepreneur and co-owner of the Kansas City Current, a professional women’s soccer team.
In 2019, Mahomes founded the “15 and the Mahomies Foundation,” which aims to improve the lives of children through health, wellness, and education initiatives. His philanthropic efforts reflect his dedication to giving back to the community that has supported his rise to fame.
Real Estate Investments
Patrick Mahomes’ real estate ventures highlight his financial savvy. In 2019, he purchased a home in Kansas City for $1.9 million, which he later sold in 2020 for nearly $3 million. That same year, he invested $3.4 million in a luxurious Dallas property. In 2021, he acquired a $400,000 lot in the gated Kansas City community of Loch Lloyd, where he built his dream mansion. Completed in 2023, the property features a massive pool, a private pond, a par-three golf hole, and a half-sized football field complete with his personal logo.
Net Worth and Future Earnings
As of 2024, Patrick Mahomes’ net worth is estimated at $90 million, thanks to his record-breaking NFL contracts, endorsement deals, and investments. With his $503 million contract running through 2031 and a growing list of sponsorships, his financial future is secure. Mahomes’ ability to leverage his athletic success into long-term wealth makes him a standout among his peers.
Legacy and Impact
At just 28 years old, Patrick Mahomes has already achieved more than many players dream of in a lifetime. His combination of talent, leadership, and business acumen has redefined what it means to be a modern athlete. Whether on the field leading the Chiefs to victory or off the field building a legacy of philanthropy and investment, Mahomes continues to set new standards.
Patrick Mahomes isn’t just a superstar quarterback; he’s a cultural icon whose influence extends far beyond football. With his net worth expected to climb in the coming years, Mahomes’ legacy as one of the greatest athletes of his generation is firmly established.