As of 2023, Patrick Mahomes’ net worth stands at $70 million. The quarterback for the Kansas City Chiefs achieved significant milestones in the 2022–23 season, securing his second MVP, second Super Bowl victory, and a second Super Bowl MVP award. In a relatively short period of about five years, Mahomes has already established himself as a prospective Hall of Famer and one of the greatest quarterbacks in history. Widely recognized as the best quarterback in the current league, Mahomes continues to make an impact, as evidenced by his team’s consistent presence in the playoffs, marked by five consecutive AFC Championship game appearances. As the 2024 NFL playoffs commence, Mahomes’ net worth for this year remains of interest.
Thanks to information publicly available, we know that Patrick Mahomes’ net worth in 2023 is roughly $70 million, per Celebrity Net Worth. Obviously still relatively young in his career, this number should grow exponentially year over year as he racks up successes and even more accolades.
Since he took over as the starter, Kansas City has made it to the AFC Championship Game every single year (five times) and has made the Super Bowl three times, with a 2-1 record to his name after a Super Bowl 57 win over the Philadelphia Eagles. We’re talking dynasty territory for this Chiefs team, and Mahomes has a chance to further his legacy in these playoffs. The Chiefs’ offense this year has been worst than it ever has been during Mahomes’ career, so it would be pretty special if he could again carry the team to postseason success.
Patrick Mahomes’ career is marked by remarkable achievements, with the quarterback earning two NFL MVP titles and winning a Super Bowl. Born in Tyler, Texas, in 1995, Mahomes hails from an athletic background, as his father, Patrick Mahomes Sr., had a successful career in professional baseball. Despite excelling in baseball himself and even being drafted in 2014, Mahomes opted for football and attended Texas Tech to play as a quarterback.
While not initially a highly sought-after recruit, Mahomes quickly rose to prominence at Texas Tech, showcasing his skills over three college seasons. In the 2017 NFL Draft, the Kansas City Chiefs selected him at No. 10 after a trade with the Buffalo Bills, a decision that has proven highly successful for the franchise.
Mahomes’ initial contract in the NFL was a rookie deal worth $16.42 million over four years, with the Chiefs exercising the option for a fifth year. In 2020, he signed a groundbreaking 10-year contract extension worth $450 million. However, in September 2023, Mahomes and the Chiefs agreed to restructure the deal, resulting in a new contract valued at $210.6 million for the years 2023–2026, with an annual average of $52.65 million. Notably, this revised contract now concludes after 2026.
In 2023, before the contract restructure, Mahomes ranked 24th on Forbes’ list of highest-paid athletes with total earnings close to $60 million. With the revamped extension and potential new endorsements, Mahomes is expected to climb higher on this list in the coming years, though he still faces competition from top athletes like Lionel Messi and LeBron James.
Patrick Mahomes continues to be a dominant force in the NFL, and his marketability remains high. With ongoing success and potential future Super Bowl appearances, his brand is likely to strengthen even further.
In terms of endorsements, Mahomes has established himself as a sought-after figure, securing lucrative deals with renowned brands such as Adidas, Oakley, State Farm, EA Sports, Hunts, Head and Shoulders, and Proctor & Gamble. He has also aligned with local entities like Community America Credit Union and Airshare, a private jet company. Mahomes’ exclusivity in endorsement deals places him among a select group of athletes who can capitalize significantly on their brand during their careers.
Notably, Mahomes made history by becoming the first NFL player to sign a deal with Oakley, serving as the face of the brand’s Prizm optics line and the “See it in Prizm” campaign. His success on the field, including winning the Super Bowl, has substantially increased his endorsement income, with estimates suggesting he could bring in as much as $7 million a year.
Beyond endorsements, Mahomes has diversified his income streams. He played a prominent role as the brand ambassador for NFL All Day, Dapper’s NFL NFT platform. Moreover, he has invested in the sports ownership realm, being part of the ownership group for both men’s and women’s professional soccer teams in Kansas City, as well as MLB’s Royals. This diversification showcases Mahomes’ business acumen and his involvement in various aspects of the sports industry.
In October 2023, Mahomes and teammate Travis Kelce, also known as Mr. Swift, announced their collaboration as part of the ownership group for the Alpine F1 Racing Team. Pro golfer Rory McIlroy is also part of this ownership group.
Patrick Mahomes has already left a significant impact on the NFL, and his future looks promising both on the field and in terms of potential earnings. Alongside his achievements, Mahomes is building a family with his wife Brittany and their two children. Considering his success, which includes winning another MVP, Super Bowl, and Super Bowl MVP, it’s clear that Mahomes is thriving in various aspects of life.
Given this information, were you surprised by Patrick Mahomes’ net worth in 2024?
FAQ
Here are some frequently asked questions about Patrick Mahomes:
– What is Patrick Mahomes’ net worth?
Mahomes’ net worth in 2023 is estimated to be $70 million, according to Celebrity Net Worth and other reputable sites.
– Who was drafted before Patrick Mahomes?
Mahomes was the 10th overall pick in 2017. Of the nine players selected ahead of him, only one was a quarterback. The Bears, who have struggled to find their franchise QB since Jim McMahon retired, selected QB Mitchell Trubisky, who is now a backup for the Pittsburgh Steelers.
– How many Super Bowls has Patrick Mahomes been to?
Patrick Mahomes has been to two Super Bowls, winning both with the Kansas City Chiefs in the 2019-2020 and 2020-2021 seasons.
