Patrick Mahomes is one of the biggest names in football right now. He is the quarterback for the Kansas City Chiefs and has won many games and awards. But how much money does he make? Let’s take a look at Patrick Mahomes’ net worth, his football contract, and how he invests his money smartly!
How Much is Patrick Mahomes’ Net Worth in 2024?
In 2024, Patrick Mahomes’ net worth is estimated to be around $250 million! That’s a lot of money! Most of it comes from his amazing football career, but he also earns money from other places.
- Football Earnings: Patrick makes most of his money from playing football. He is considered one of the best players in the NFL, and because of that, he gets paid very well.
- Brand Deals: Patrick also makes money by working with big companies. He has been the face of many famous brands, like Adidas, Oakley, and State Farm. These companies pay him a lot to promote their products.
- Investments: Patrick is smart with his money. Instead of spending it all, he puts some of it into businesses. One example is his investment in Whataburger, a popular fast-food chain. He also owns part of a Kansas City Royals baseball team!
Patrick Mahomes’ Big Contract
Patrick Mahomes signed one of the biggest football contracts in history! In 2020, he signed a 10-year contract with the Kansas City Chiefs worth $503 million. That means he’ll be earning a lot of money every year until 2031.
- How Much Does He Earn Each Year? Patrick’s contract pays him an average of $45 million per year. That’s just from playing football! But when you add his brand deals and investments, he makes even more.
- Bonuses: On top of his base salary, Mahomes can earn bonuses if he plays well. For example, if the Chiefs win games or if Patrick throws a lot of touchdowns, he can earn extra millions!
What Investments Does Patrick Mahomes Have?
Patrick Mahomes is not just a great football player; he’s also a smart businessman. He invests his money in places that help him make even more. Here are a few things he’s invested in:
- Whataburger Franchise: Patrick helped bring Whataburger, a famous burger restaurant, to Kansas City. He owns part of the business, so whenever people buy burgers there, Patrick earns money.
- Kansas City Royals: Patrick Mahomes owns a small part of the Kansas City Royals, a Major League Baseball team. He’s the first NFL player to become a part-owner of a baseball team.
- Tech Investments: Patrick is also putting his money into technology companies. These companies work on cool new gadgets and apps that could become huge in the future.
How Does Patrick Mahomes Spend His Money?
Even though Patrick earns a lot, he is smart about how he spends it. He has bought some nice things, like:
- A Luxury House: Patrick lives in a beautiful mansion in Kansas City. The house has a gym, a pool, and even a shoe closet for his collection of sneakers!
- Cars: Patrick loves cars, and he owns a few cool ones, including a Ferrari.
- Charity Work: Patrick also gives back to the community. He started a charity called the 15 and the Mahomies Foundation, which helps children and families in need. He donates a lot of his money to make the world a better place.
Conclusion
Patrick Mahomes is not just a talented football player; he’s also a smart businessman. With a net worth of around $250 million in 2024, a huge football contract, and smart investments, Patrick is setting himself up for a great future. Whether on the field or off, Patrick Mahomes continues to win!