Patrick Mahomes Net Worth 2024: Age, Height, Wife, Children, NFL, Family, Biography

Patrick Mahomes Salary- $46 Million

What is Patrick Mahomes Net Worth and Salary?

Patrick Mahomes, an American professional football quarterback, has established himself as one of the top athletes in the world. As of 2024, his net worth is estimated at $90 million, with an impressive annual salary of $40 million. After an outstanding college career at Texas Tech, Mahomes was drafted by the Kansas City Chiefs as the 10th overall pick in the first round of the 2017 NFL Draft.

Since then, he has not only become a superstar in the NFL but also one of the highest-paid athletes globally. Mahomes led the Kansas City Chiefs to a historic Super Bowl victory in 2020, their first since 1969, and added another Super Bowl win to his resume in 2023.

Patrick Mahomes Fact and About

Category	Details
Net Worth (2024)	$90 million
Annual Salary	$40 million
NFL Draft	2017, 10th overall pick by Kansas City Chiefs
Major Achievements	Super Bowl Champion (2020, 2023), Super Bowl MVP (2020)
Historic Contract	10-year, $450 million contract with Kansas City Chiefs, potentially up to $503 million
Endorsements	Hunt’s, Oakley, Hy-Vee, Essentia Water, State Farm, Adidas, and more
Real Estate Investments	Homes in Kansas City ($1.9M), Dallas ($3.4M), and a custom mansion in Loch Lloyd
Ownership	Kansas City Royals (Ownership Stake)
Foundation	“15 and the Mahomies Foundation”
Personal Life	Married to Brittany Matthews; two children

Patrick Mahomes Early Life

Patrick Lavon Mahomes II was born on September 17, 1995, in Tyler, Texas, to former MLB pitcher Pat Mahomes and Randi Martin. Mahomes grew up excelling in multiple sports at Whitehouse High School, including football, baseball, and basketball. As a senior, he showcased his talent on the football field by throwing for 4,619 yards and 50 touchdowns, while also rushing for 948 yards and 15 touchdowns.

His prowess extended to baseball, where he threw a no-hitter with 16 strikeouts in one game. Mahomes credits his experience in baseball and basketball with helping him develop as a quarterback. Despite being drafted by the Detroit Tigers in the 37th round of the 2014 MLB Draft, Mahomes chose to focus on football and went on to play for Texas Tech.

During his college career at Texas Tech, Mahomes set multiple records and earned several accolades. In a memorable game against Oklahoma, he set NCAA records for single-game passing yards (734) and total offense (819 yards). By his junior year, he led all NCAA Division I FBS players in passing yards (5,052) and total touchdowns (53). Mahomes’ exceptional performance earned him the Sammy Baugh Trophy in 2016.

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Patrick Mahomes NFL Career

Patrick Mahomes’ NFL journey began when the Kansas City Chiefs selected him with the 10th overall pick in the 2017 NFL Draft, after trading up from their original 27th spot. Mahomes spent his rookie season as a backup to Alex Smith before being named the starting quarterback in 2018. He quickly made his mark by setting multiple NFL records, including the most touchdown passes through the first three career games and the youngest quarterback to throw for six touchdowns in a single game.

Mahomes became the only quarterback in history to throw for 5,000 yards in a season at both the college and professional levels, joining Peyton Manning as one of the few players to achieve 50 touchdown passes and 5,000 passing yards in a single NFL season. His outstanding performance earned him the NFL Offensive Player of the Year and NFL MVP awards, as well as First Team All-Pro and Pro Bowl selections.

In January 2020, Mahomes led the Chiefs to victory in the AFC Championship, securing their spot in Super Bowl LIV, the team’s first Super Bowl appearance in 50 years. Mahomes was named Super Bowl MVP, making him the second Black quarterback and the youngest overall to win the award.

In 2021, Mahomes and the Chiefs returned to the Super Bowl but were defeated by Tom Brady and the Tampa Bay Buccaneers. Despite the loss, Mahomes continued to break records, setting the NFL record for the most total yards by a quarterback in a season (5,608) in 2022 and surpassing his own Chiefs’ franchise record for passing yards in a season (5,250). The Chiefs advanced to their third Super Bowl in four seasons after defeating the Cincinnati Bengals in the AFC Championship.

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Patrick Mahomes Salary and Contracts

When Mahomes entered the NFL in 2017, he signed a four-year contract with the Kansas City Chiefs worth $16.2 million, fully guaranteed, including a $10 million signing bonus. After proving himself as one of the league’s top talents, Mahomes was poised for a record-breaking contract extension. In July 2020, he signed a historic 10-year extension with the Chiefs worth $450 million, with the potential to reach $503 million if certain incentives are met. This contract made Mahomes the first half-billion-dollar athlete in sports history, with $477 million in “guaranteed mechanisms,” including $140 million fully guaranteed against injury.

Patrick Mahomes Kansas City Royals Ownership

In addition to his on-field success, Mahomes expanded his portfolio by acquiring an ownership stake in the Kansas City Royals baseball team in August 2020. Although the exact size of his stake remains undisclosed, it is estimated that a 1% stake would have cost him around $10 million, considering the team was purchased for $1 billion just a year earlier.

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Patrick Mahomes Endorsements

Patrick has secured numerous endorsement deals throughout his career, further boosting his income. Some of his notable endorsements include Hunt’s (after revealing his love for ketchup), Oakley, Hy-Vee, Essentia Water, Direct TV, State Farm, Adidas, Head & Shoulders, and Helzberg Diamonds. He also made history as the first Kansas City Chiefs player to be featured on the cover of the Madden NFL video game series, appearing on the cover of Madden NFL 20. Two years later, he shared the cover of Madden NFL 22 with Tom Brady.

Patrick Mahomes Personal Life

Patrick married his high school sweetheart, Brittany Matthews, on March 12, 2022. The couple has two children together, a daughter, and a son. Mahomes proposed to Brittany on September 1, 2020, at Arrowhead Stadium, the same day he received his Super Bowl ring. In 2019, Mahomes launched the “15 and the Mahomies Foundation,” a nonprofit organization dedicated to improving the lives of children.

Mahomes is also the godson of former Major League pitcher LaTroy Hawkins, who was a teammate of his father, Pat Mahomes, with the Minnesota Twins.

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Patrick Mahomes Real Estate

Patrick has made significant investments in real estate over the years. In 2019, he purchased a home in Kansas City for $1.9 million, which he later listed for just under $3 million in June 2019. The property sold quickly. In early 2020, Mahomes bought a home in Dallas for $3.4 million. In 2021, he purchased an undeveloped lot in the exclusive Loch Lloyd gated community in Kansas City for $400,000. By 2023, construction was completed on his dream home, which features a massive mansion, a giant pool, a private pond, a par-three golf hole, and a half-football field with his personal logo and name printed in the end zone.

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