5 multi-million dollar investments made by Patrick Mahomes
Patrick Mahomes is off to the best start to a career by any quarterback in NFL history. In just four years as a starting quarterback for the Kansas City Chiefs, he has accumulated an impressive 58-16 overall record while winning an NFL MVP award, Super Bowl ring, Super Bowl MVP, and two AFC Conference Championships.
No doubt Patrick Mahomes is a special talent, and the Chiefs rewarded him with the largest contract in NFL history, including more than 500 million dollars across ten years. Mahomes immediately put his money to work, making several significant investments to increase his financial value. Here are five of his most important assets.
The Kansas City Chiefs pay Mahomes well.
He’s on a 10-year contract for a whopping $503,000,000.
It's the richest contract in sports history. https://t.co/I5klKSvjuu
5 Major financial investments made by Patrick Mahomes
#1 - Hyperice
Hyperice is an athletic brand that focuses on developing recovery products, such as various massagers and stretching devices for different muscle groups. They recently partnered with the NFL and have grown exponentially since then.
2. Hyperice
Hyperice, a maker of performance recovery products, has 20X'ed its revenue from 10M to 200M in just 3 years.
It recently landed a deal with the NFL and is inching closer to a $1B valuation.
Mahomes is an investor and @Hyperice brand ambassador. https://t.co/9tJj8CzK6f
Mahomes is not only one of the brand ambassadors for Hyperice, but he is also one of the company's major investors. He is paid for endorsements, commercials, and advertisements while also owning a stake in the fast-growing company.
#2 - Whoop
Whoop is another athletic company that is rapidly rising in value. Mahomes made a significant investment in the company in 2020, and less than two years later, they have already tripled in value. They have expanded their compatibility with other major athletic trackers such as Apple Health and Peloton.
NEW! Members can now connect their WHOOP account to Apple Health to automatically import activities and share key WHOOP metrics to Apple Health for one complete picture of their overall health.
Learn more: bit.ly/3NsTaQy #UnlockYourself https://t.co/GiPdZ3Olaw
Whoop tracks workouts and outputs, giving its users critical data to enhance their performance and optimize their routine. It's a relatively similar concept to Fit Bit and other performance trackers.