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.
FAQs
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.
What is Patrick Mahomes' overall net worth? ›
Patrick Mahomes's net worth is estimated around $70 million.
According to Investopedia, Mahomes has a strong portfolio in addition to his high-paying sports gig. And since the Kansas City Chiefs just won the 2024 Super Bowl, that's another $164,000 for Mahomes as WCNC reports.
How much money does Patrick Mahomes have in his bank account? ›
As of 2024, Patrick Mahomes' net worth is close to around USD 80 million. He's one of the highest-paid and marketable players in the NFL. He led the Chiefs to their first Super Bowl appearance in 50 years (Super Bowl LIV) where they defeated the San Francisco 49ers for their first Super Bowl victory since 1970.
Why is Patrick Mahomes so rich? ›
In addition to the money he makes on the field, Mahomes also has several impressive endorsem*nt deals with high-profile brands. Forbes reported Mahomes made $20 million in sponsorship deals in 2023, second only to Tom Brady among NFL athletes. Forbes also placed him at No.
How much is Patrick Mahomes contract worth per year? ›
Patrick Mahomes Salary
Patrick Mahomes will earn $45.75 million from his contract with the Chiefs in 2024. After a March 2024 restructure, $27 million in salary was converted into signing bonus. His base salary is $8.6 million.
How much is Patrick Mahomes' wife worth? ›
With an estimated net worth of $10 million at the age of 28, Brittany's financial success reflects her individual achievements and prowess.
Is Patrick Mahomes a billionaire? ›
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.
What bank does Mahomes own? ›
The NFL quarterback is now the second-largest shareholder in American State Bank (ASB), a Texas-based financial institution, according to a press release. Full-circle moment: The partnership, which marks his first-ever with a bank, also happens to be the home of his first-ever bank account opened at the age of 16.
Who is Patrick Mahomes' half sister? ›
How much does Patrick Mahomes get paid for commercials? ›
Mr. Mahomes makes roughly $20 million from his endorsem*nt deals, according to Forbes, on top of the more than $50 million paid to him annually by the Chiefs. Mr. Kelce takes in a reported $5 million from his deals, in addition to the roughly $14 million per year he is paid to play football.
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.
What is Patrick Mahomes' weekly paycheck? ›
What are Top 10 Highest Paying Cities for Patrick Mahomes Jobs
| City | Annual Salary | Weekly Pay |
|---|
| Costa Mesa, CA | $78,012 | $1,500 |
| Long Beach, CA | $77,499 | $1,490 |
| Roseville, CA | $76,818 | $1,477 |
| New York City, NY | $76,767 | $1,476 |
6 more rowsPatrick 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.
How much is Patrick Mahomes' bonus for winning the Super Bowl? ›
As pointed out by CBSSports.com's Joel Corry, a former NFL agent, Patrick Mahomes earned an extra $1.25 million for getting to the Super Bowl combined with the fact that his offensive playing time was more than 50% during the regular season.
How much money is Patrick Mahomes' house worth? ›
$400,000 acres of land
Within a year, he built a massive home on the property and then added a pool in 2022. Mahomes went all out with this property, building a 50-yard football field in the yard, a private pond, and a par-three golf hole. The mansion is estimated to be worth over $1 million.
Who gets paid more than Mahomes? ›
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| QB | Team | APY |
|---|
| Joe Burrow | Bengals | $55M |
| Patrick Mahomes | Chiefs | $52.65M |
| Justin Herbert | Chargers | $52.5M |
| Lamar Jackson | Ravens | $52M |
6 more rowsSep 18, 2023
NFL's highest-paid quarterbacks
| Rank | Player | AAV |
|---|
| 1 | Joe Burrow | $55 million |
| 2 | Jared Goff | $53 million |
| 3 | Patrick Mahomes | $52.65 million |
| 4 | Justin Herbert | $52.5 million |
6 more rowsMay 13, 2024
Former National Football League (NFL) player and executive Jerry Richardson was the richest NFL player of all time as of January 2023, with a net worth of around two billion U.S. dollars.
What is Patrick Mahomes Junior's net worth? ›
Patrick Mahomes is an American professional football player with a net worth of $90 million and a salary of $40 million. He played quarterback for Texas Tech before being drafted as the 10th pick in the first round of the 2017 NFL Draft by the Kansas City Chiefs.
How much does Patrick Mahomes make from endorsem*nts each year? ›
Mahomes explained that was the idea when he agreed to the contract, that he will ultimately be judged by how many championships he wins and not by how much money he is paid. Mahomes supplements his Chiefs salary with endorsem*nts that bring him $20 million annually, according to Forbes.
