Patrick Mahome Net Worth 2024 – Exploring His Rise to Stardom

Patrick Mahomes, the Kansas City Chiefs’ star quarterback, isn’t just known for his jaw-dropping throws and game-winning drives. 

He’s also become a force to be reckoned with in the world of finance, amassing an impressive net worth that reflects his talent, marketability, and savvy business acumen. This explains why NFL fans are curious to unfold more information about Patrick Mahomes and his financial standing.

Curious to know more details about Patrick Mahomes’ net worth? We have detailed all the information in this guide.

Early Life

Patrick Mahomes was born in Tyler, Texas to Pat Mahomes and Randi Martin on September 17, 1995. His father was a renowned MLB pitcher, so Patrick’s exposure to sports started early on in his life.

Being born into a stable and loving family, Patrick prioritized his hobbies and academics from an early age. He attended Whitehouse High School and played in their basketball and football teams. Not only did he do well, but he excelled in them too.

While many people initially thought that his love for sports would end with high school, that didn’t happen at all. Patrick continued playing football when he enrolled in Texas Tech college and went on to become one of the best on the team as well. He shattered numerous school records, and his electrifying playstyle garnered national attention.

Career

In 2017, he entered the NFL Draft, where the Kansas City Chiefs selected him with the 10th overall pick. This marked the beginning of a partnership that would change both Mahomes’ life and the fortunes of the Chiefs franchise.

Mahomes’ impact on the Chiefs was immediate. In his second season, he took over the starting quarterback position and led the team to a Super Bowl appearance, securing his first Super Bowl MVP title in the process. 

Since then, he has remained at the helm, consistently guiding the Chiefs to AFC Championship games and securing another Super Bowl victory in 2023. His exceptional on-field performance, coupled with his infectious personality and charisma, has propelled him to superstar status, making him one of the most recognizable and marketable athletes in the world.

Personal Life

Beyond the world of finance, Mahomes is also known for his down-to-earth personality and dedication to giving back. He met his fiancée, Brittany Matthews, in college, and they have a daughter. The couple is actively involved in various philanthropic initiatives, focusing on improving children’s lives through their foundation, “15 and the Mahomes Foundation.”

Net Worth

According to credible sources, Patrick Mahomes has an estimated net worth of around $70 million, the majority of which comes from his NFL career. His rookie deal was already substantial, but in 2020, he signed a record-breaking 10-year extension with the Chiefs worth a staggering $503 million. This deal guaranteed him the highest average annual salary for any athlete in professional sports history.

Besides that, Mahomes is also associated with leading brands, and the endorsements also land him a significant amount of money, which adds to his net worth. He has secured high-profile endorsement deals with major brands like Adidas, State Farm, Oakley, and Hunt’s Ketchup, bringing in an estimated $7 million annually.

FAQs

When did Patrick Mahomes enter the NFL?

Patrick Mahomes entered the NFL in 2017 when the Kansas City Chiefs selected him with the 10th overall pick.

What are some of Patrick Mahomes’s achievements with the Chiefs?

Patrick Mahomes has consistently led the Chiefs to AFC Championship games and secured another Super Bowl victory in 2023.

What is Patrick Mahomes’s estimated net worth?

Patrick Mahomes’s estimated net worth is a whopping $70 million. According to various online sources, he earns around $7 million annually from endorsements. Plus, he signed a record-breaking 10-year extension with the Chiefs worth $503 million in 2020.