Patrick Mahomes Net Worth 2024

Patrick Mahomes is an American football quarterback who plays in the National Football League (NFL) for the Kansas City Chiefs. As of 2024, Patrick Mahomes' net worth is close to around USD 90 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. Mahomes was named the Super Bowl MVP for a second time in the Chiefs' 38-35 win over the Eagles in Super Bowl 2023, and a third time when Kansas City beat San Francisco 25-22 in Las Vegas in Super Bowl 2024.

How much is Patrick Mahomes Net Worth in 2024?

According to Celebrity Net Worth, Patrick Mahomes' net worth is approximately valued at $90 million, as of August 2024. This includes his Kansas City Chiefs contract from which he was earning only $555,000 a year as a rookie. After signing a 10-year deal with the Chiefs he then became the world’s first professional athlete to sign a deal worth half a billion dollars. The deal was earning him $45 million annually.

However, the Chiefs recently restructured his contract, and now, as per the new four-year deal, Mahomes is set to earn $210.6 million. His endorsement earnings are estimated to be over $7 million.

Patrick Mahomes Net Worth Growth

What is Patrick Mahomes's salary?

The new four-year deal which is set to pay Mahomes $210.6 million means that he has once again risen close to the top of the NFL in terms of highest-paid players. In fact, with a $52.65 million per year salary, the two-time Super Bowl winner is just behind Joe Burrow who remains at the top of the list.

Patrick Mahomes Contract

Patrick Mahomes' current contract with the Chiefs is a huge 4-year deal worth $210.6 million. This is the highest contract for an NFL player in four years. The deal could rise to $218.1 million with escalators by the end of 2026. Post-2026, the Chiefs and Mahomes are set to revisit the contract.

Earlier in July 2020, Mahomes had signed a huge 10-year, $450 million contract which was at the time one of the biggest contracts in sports. However, with the rising market for NFL quarterbacks, Mahomes had slipped down quite a bit so the Chiefs have restructured his deal for the moment.

Patrick Mahomes Career

Patrick Mahomes' career has already eclipsed many of the past great players in just his seventh year and sixth as a starter. He is already a 2-time Super Bowl Champion, 2-time Super Bowl MVP, 2-time NFL MVP, NFL Offensive Player of the Year, 6-time Pro Bowler, and much more. He has led the Kansas City Chiefs franchise from the front and has had the team in the postseason each year to date. In the 2023 season, he has led the Chiefs to the AFC Championship Game on 6 consecutive occasions.

Patrick Mahomes Endorsements

Mahomes started receiving multiple endorsement deals following his MVP season. Hunts was his first endorsement deal. Following this, he signed endorsement deals with Oakley, Essentia Water, Hy-Vee, State Farm, DirectTV, Adidas, and Head & Shoulders. He was also the first Chiefs player to be on the cover of Madden NFL 20.

Mahomes is also featured on the cover of Madden NFL 22 along with Tom Brady. Patrick Mahomes is also the first NFL player to sign a deal with Oakley, and he is the face of the ‘Prizm Optics’ line campaign for the company. As of now, he is estimated to earn approximately $7 million per year in addition to his official income. Thus, Patrick Mahomes' net worth with endorsements is bringing him tons of cash to lead a luxurious and happy lifestyle.

Patrick Mahomes Investments

Mahomes joined the Kansas City Royals ownership group on July 28, 2020, as a minority stakeholder. He has also joined with the likes of Kevin Durant, Eli Manning, and Rory McIlroy to invest in a tech unicorn called Whoop.

Patrick Mahomes Other Sources of Income

His other sources of investments include endorsements and investments. Apart from that there is no other stream of income that we are aware of.

Patrick Mahomes House and Car

Mahomes drives a Ferrari 812 Superfast. His home measures around 3,759 square feet. Located in the heart of Kansas City, Mahomes’ home is in a private upscale community. It was built in 1953, the mid-century house sits on a large green lot with plenty of backyard space for the dogs to play. It consists of three bedrooms and is estimated to be around $1.9 million.

Patrick Mahomes Charity Work

Mahomes’ charity called the '15 and the Mahomies Foundation' is dedicated to improving the lives of children. He along with former teammate Tyrann Mathieu and several other NFL players have raised their voices to condemn police brutality and violence against black people in the United States and for the league to admit it was wrong to silence Colin Kaepernick and Eric Reid for their protests during the playing of the National Anthem.

Mahomes and Tyrann Mathieu started a voter registration project in Kansas City which encouraged Kansas City residents to register to vote in the 2020 Presidential Election. He also encouraged his Chiefs teammates and worked with them to urge other players to vote. He also joined the LeBron James' Rock the Vote initiative to encourage people to register and vote.

Patrick Mahomes Awards and Achievements

The two-time Super Bowl Champion has performed exceptionally well from the moment he has stepped foot in the NFL. In just 6 seasons he led the franchise to two Super Bowl wins but that is not all. He has already amassed a great deal of awards and achievements and this list is sure to continue growing.

Also Read: Patrick Mahomes’ contract breakdown

Also Read: What does Jackson Mahomes do?

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