Patrick Mahomes Net Worth: Who is the Richest NFL Player?

Patrick Mahomes is one of the most successful quarterbacks in recent years. This blog post on Patrick Mahomes net worth will answer all the questions you have, from where he got started, how he makes so much money, and more!

Patrick Mahomes net worth in 2022 is estimated to be an impressive US$40 million. Given his financial and career successes, I thought it would be worthwhile to write a post on the net worth of this famous NFL player. I will detail how he got started, how he can make so much money, where he is now, and what lessons we can learn from his path to wealth!

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Patrick Mahomes net worth: Basic stats

Here is a summary of Patrick Mahomes’s basic stats:

  • Full Name: Patrick Lavon Mahomes II
  • Birthday: September 17, 1995
  • Wife: Brittany Matthews
  • Daughter: one. She was born on February 20, 2021.
  • Famous for: football. He was selected 10th overall by the Kansas City Chiefs in the 2017 NFL Draft. He was elevated to starting quarterback on January 30, 2018.
  • Source of wealth: his career as an American football quarterback and endorsements

Patrick Mahomes net worth: Early life and personal life

Patrick Lavon Mahomes II was born on September 17, 1995, in Tyler, Texas, to Pat Mahomes, then an MLB pitcher, and Randi Mahomes. He attended Whitehouse High School in Whitehouse, Texas. In high school, he played football, baseball, and basketball. He was named the Maxpreps Male Athlete of the Year for 2013–2014.

Patrick Mahomes net worth: Career and path to riches

College football career

He committed to Texas Tech University. Mahomes was also a top prospect for the 2014 Major League Baseball draft, but was not expected to be selected high due to his commitment to Texas Tech. He was selected by the Detroit Tigers in the 37th round of the 2014 MLB Draft, but did not sign a contract.

Mahomes entered his freshman season as a backup to Davis Webb. He began his sophomore season at Texas Tech as the starting quarterback. During the first two years of university, Mahomes also split time with the Texas Tech baseball team, where he was a relief pitcher.

Before the start of the 2016 season, Mahomes announced that he was leaving baseball to focus on football.

In 2016, Mahomes set NCAA records for single-game yards passing with 734 and single-game yards total offense with 819 in the same game against Oklahoma. For his performance in his junior season, he was awarded the Sammy Baugh Trophy, given annually to the nation’s top college passer, joining head coach Kliff Kingsbury, Graham Harrell, and B. J. Symons as other Red Raiders to have won the award. He was named an Academic All-America second team by the College Sports Information Directors of America.

Mahomes announced on January 3, 2017, that he would forgo his last year of college eligibility and enter the NFL Draft.

Professional career in the National Football League (NFL)

Mahomes’ NFL career began in 2017, when the Kansas City Chiefs selected Mahomes in the first round (10th overall) in the 2017 NFL Draft.

On July 20, 2017, the Chiefs signed Mahomes to a guaranteed four-year, $16.42 million rookie deal that included a $10 million signing bonus ($10.08 million to be exact).

On January 30, 2018, the Chiefs announced they had agreed to trade Smith to the Washington Redskins, elevating Mahomes as starting quarterback. His strong performance for the 2018 season earned multiple awards. For example, he was named to the 2019 Pro Bowl, the First Team All-Pro, the 2019 Best NFL Player ESPY Award, and the Kansas City Club 101 Awards AFC Offensive Player of the Year. He was also named the NFL MVP, the first-ever winner for the Chiefs.

In 2019, Mahomes led his team to their first Super Bowl (Super Bowl LIV) appearance since Super Bowl IV in 1970. With just over 7 minutes to play, Mahomes asked his coaching staff to call the play Jet Chip Wasp, and successfully completed a deep pass to Tyreek Hill for 44 yards. This shifted momentum towards the Chiefs, who in the remaining minutes of the game went on a 21–0 run, defeating the San Francisco 49ers and securing their first Super Bowl victory in 50 years. Mahomes was named Super Bowl MVP. He was the youngest quarterback and third-youngest player in NFL history to earn the award.

On July 6, 2020, Mahomes signed a ten-year extension worth $477 million with another $26 million in potential bonuses for a total of $503 million. The contract extends through the 2031 season. The contract was at the time the largest contract in American professional sports history. Mahomes was the first professional athlete to have a contract worth half a billion dollars. The same year, he led the Chiefs to their second consecutive Super Bowl appearance, even though the Chiefs ultimately lost to the Tampa Bay Buccaneers in Super Bowl LV.

On September 1, 2020, Mahomes proposed to Brittany Matthews, his high school sweetheart, in a suite in Arrowhead Stadium, the day Mahomes received his Super Bowl ring.

Patrick Mahomes net worth: His source of wealth

Patrick Mahomes is an accomplished American professional football player. Below are his main sources of earnings.

His salary as a professional quarterback

Patrick Mahomes is among the highest-paid NFL players. Throughout his career as a quarterback, Mahomes has earned about $47 million so far.

Here is a breakdown of his earnings by year, salary and bonus. Patrick Mahomes’ salary (including bonuses) is $20+ million annually in recent yeras.

YearSalaryBonusTotal Earning
2017 465,000 10,086,026 10,551,026
2018 555,000 656,635 1,211,635
2019 645,000 1,313,270  1,958,270
2020 825,000 10,101,636 10,926,636
2021 990,000 21,816,905 22,806,905
Total 3,480,000 43,974,472 47,454,472
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His bonuses include signing bonus, roster bonus, workout bonus, restructure bonus, and incentives.

Endorsement deals

As a popular and accomplished athlete, Patrick Mahomes also has a second and lucrative stream of income: endorsements.

His first contract came from Hunt’s upon revealing his love for ketchup. In addition, he signed endorsement deals with Oakley, Essentia Water, Hy-Vee, State Farm, DirectTV, Adidas, and Head & Shoulders. He also signed an endorsement contract with Helzberg Diamonds who released a line of necklaces featuring his logo.

On August 16, 2021, he announced he would be releasing his own signature shoe as part of his endorsement deal with Adidas. The shoe was called the Mahomes 1 Impact FLX and was released on August 23, 2021.

Other investments

In 2020, Mahomes joined the Kansas City Royals ownership group as a minority stakeholder.

In 2021, he joined Sporting Club, the ownership group of the Major League Soccer franchise Sporting Kansas City. The same year, Mahomes became an investor in a group to expand the Whataburger fast food restaurant franchise to Missouri and Kansas.

Patrick Mahomes net worth: Lessons learned from his path to wealth

Although we may not necessarily be able to replicate Patrick Mahomes’ talent, we can still learn a lot from him. Here are a few key lessons we can learn from Patrick Mahomes’ path to wealth:

Don’t be afraid to try different things

From the start, it has been obvious that Patrick Mahomes is a talented football player; however, he was also a successful baseball player before fully committing to football in his junior year.

As a matter of fact, Mahomes believes that training pitching and playing basketball improved his quarterback skills.

You never know how the dots are going to be connected in your life. I encourage you to try different things and enjoy different experiences.

Be committed

Of course, having raw talent is just one step of the process. Without commitment and regular training day in and day out, Patrick Mahomes wouldn’t have been as successful as he was. His hard work day in and day out has paid off.

Always have a plan

Patrick Mahomes is one of the highest-paid NFL players and has earned a significant amount from endorsements as well. But most of it will come to an end when he retires as an American football player. That’s why it helps to diversify his income streams, such as investing in the restaurant business or becoming a minority stakeholder in various organizations.

Always have a plan for the future, no matter how shiny your presence is.

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Favourite quotes from Patrick Mahomes

Here are some of my favourite quotes from Patrick Mahomes. I find them particularly inspiring.

The best thing about it is you’re showing kids that no matter where you grow up, what race you are, that you can achieve your dream.

Patrick Mahomes

I just try to be the best Patrick Mahomes I can be.

Patrick Mahomes

Summary: Patrick Mahomes net worth and lessons learned

Patrick Mahomes’ net worth is an impressive $40 million. He amassed his riches primarily through his successful career as an American football quarterback as he has a lucrative deal through the Kensas City Chiefs contract, but he also has earned significant amounts through endorsement deals.

I hope you have all learned a thing or two from his story. Although we may not necessarily become the next NFL MVP, these principles are applicable for us all:

  • Don’t be afraid to try different things
  • Be committed
  • Always have a plan

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