Patrick Mahomes Net Worth 2024: NFL Contract and Endorsements

As we know Patrick Mahomes is an American football player, he is the superstar quarterback for the Kansas City Chiefs. From his record-breaking contract with the Kansas City Chiefs to lucrative endorsement deals, Mahomes has solidified his position not just as a sports icon but also as a smart entrepreneur. In this blog, we wrote about Patrick Mahomes net worth and also explored the factors contributing to his financial empire.  

How Much Is Patrick Mahomes Net Worth in 2024

According to Celebrity Net Worth and Sportskeeda Patrick Mahomes net worth in 2024 is estimated to range from $70 million to $90 million. His net worth comes from signing a historic half-billion-dollar contract with Kansa City and endorsement deals with big brands.

Patrick Mahomes Net Worth Growth From 2020 to 2024

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What Is Patrick Mahomes Salary

Patrick’s contract was restructured in 2023. For 2024, his total cash earnings will be $59.35 million. The average salary over the entire contract is $45 million per year as he signed a 10-year deal with Kansas City from July 2020 to 2030 that is worth $450 million overall.

Pattrick Mahomes Sources Of Income 

Pattrick NFL Contract

On July 6, 2020, Patrick Mahomes signed a record-breaking 10-year contract extension with the Kansas City Chiefs. His deal worth is over $450 million, making him one of the highest-paid athletes in the world. This massive salary provides a strong foundation for his net worth and ensures financial security for years to come.

Endorsement Deals Add Millions

Patrick Mahomes’ charisma and star power translate to serious influence off the field. Major brands Oakley, Hy-Vee, Essentia Water, DirecTV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds have all secured endorsement deals with him. Mahomes even made history as the first Kansas City Chief to grace the cover of Madden NFL 20. Two years later, he joined forces with the legendary Tom Brady for a co-starring role on the cover of Madden NFL 22, solidifying his place as an NFL superstar.

 Real Esate Investement 

Patrick Mahomes has been making a name for himself not just on the football field, but also in the world of real estate. Here’s a breakdown of his impressive portfolio:

• Multi-million dollar properties: Mahomes owns four properties totaling around $8 million.
• Savvy investments: His portfolio includes a range of properties, including:

1. Condo in Kansas City (his first purchase)
2. Large house with acreage outside Kansas City
3. New custom-built home on land he purchased in Belton, Missouri
4. Luxurious mansion in Westlake, Texas

There are even reports that he’s listed his Kansas City condo for sale, possibly indicating a continued shift in his real estate focus.

Conclusion 

At a young age, Patrick Mahomes has already achieved remarkable financial success. With his exceptional talent securing him a long and lucrative NFL career, and his marketability attracting major brands, his net worth is sure to climb even higher in the years to come. Die-hard Chiefs fans cheer him on. Admirers respect his athleticism and business savvy. One thing is certain: Patrick Mahomes dominates on and off the field.

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FAQs

How big is Patrick Mahomes salary?

Patrick Mahomes’ salary is estimated to be around $40 million annually. This figure comes from his massive contract with the Kansas City Chiefs.

How much money did Mahomes get for winning the Super Bowl?

Patrick Mahomes received $164,000 for winning the Super Bowl, just like all his teammates on the winning team.

What does Patrick Mahomes’ mother do for a living?

Patrick Mahomes’ mother, Randi Martin, is currently an event planner at the Hollytree Country Club in Tyler, Texas.