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Patrick Mahomes has quickly risen to become one of the most prominent figures in the sports world. With an estimated net worth of $90 million and an annual salary of $40 million, Mahomes has established himself not only as one of the highest-paid athletes in the world but also as a force to be reckoned with on the football field. From his rise to fame in the NFL to his significant off-field ventures, Mahomes continues to build a legacy that extends beyond his athletic prowess.
Early Life and Athletic Foundation
Born on September 17, 1995, in Tyler, Texas, Patrick Lavon Mahomes II grew up surrounded by sports. His father, Pat Mahomes, was a Major League Baseball pitcher, providing Patrick with early exposure to the world of professional athletics. Patrick attended Whitehouse High School, where he was a star in multiple sports, including football, baseball, and basketball. As a senior quarterback, Mahomes threw for 4,619 yards and 50 touchdown passes, in addition to rushing for 948 yards and 15 touchdowns. His skills on the field were undeniable, and he was highly regarded as a dual-threat quarterback.
In addition to his success in football, Mahomes was an accomplished baseball player. He threw a no-hitter in baseball with 16 strikeouts, showcasing his versatility as an athlete. Despite receiving offers from multiple colleges to play both baseball and football, Mahomes ultimately chose to focus on football and committed to Texas Tech University.
College Career at Texas Tech
Mahomes’ college career at Texas Tech was nothing short of remarkable. In 2016, he set an NCAA record with 734 passing yards and 819 yards of total offense in a single game against Oklahoma, a performance that solidified his place among the elite quarterbacks. He finished his junior year with 5,052 passing yards and 53 total touchdowns, leading all NCAA Division I FBS players in both categories. Mahomes was named Second-team All-Big 12 in 2016 and received the prestigious Sammy Baugh Trophy that year. His time at Texas Tech showcased his immense talent and potential, ultimately propelling him to the NFL.
NFL Career and Rise to Stardom
In 2017, Patrick Mahomes was selected as the 10th overall pick in the NFL Draft by the Kansas City Chiefs. Mahomes spent his rookie season as the backup to veteran quarterback Alex Smith, but it didn’t take long for him to prove his worth. In 2018, Mahomes became the starting quarterback for the Chiefs and quickly set records for the most touchdown passes thrown in the first three games of a season, as well as the most touchdowns through the first two games. His performance in the 2018 season was historic, becoming the second player in NFL history, alongside Peyton Manning, to throw for 5,000 yards and 50 touchdowns in a single season.
Mahomes was named NFL MVP and First Team All-Pro in 2018, marking a breakout season that positioned him as one of the league’s brightest stars. His next big achievement came in 2020 when he led the Chiefs to their first Super Bowl win in 50 years, defeating the San Francisco 49ers 31-20 in Super Bowl LIV. Mahomes was named the Super Bowl MVP, becoming the youngest quarterback and only the second Black quarterback to win the prestigious award.
In 2023, Mahomes led the Chiefs to another Super Bowl victory, cementing his legacy as one of the greatest quarterbacks of his generation. His remarkable ability to perform under pressure and make spectacular plays has made him a fan favorite and a force to be reckoned with in the NFL.
Record-Breaking Contracts and Salary
Patrick Mahomes’ remarkable career has earned him substantial financial rewards. In 2017, he signed a four-year contract with the Kansas City Chiefs worth $16.2 million, including a $10 million signing bonus. However, after proving himself as a superstar, Mahomes’ next contract would shatter NFL records. In 2020, Mahomes signed a historic 10-year extension with the Chiefs worth $503 million, making him the first half-billion-dollar athlete in sports history. This contract included $477 million in “guaranteed mechanisms,” with $140 million fully guaranteed against injury. This deal secured Mahomes’ place among the wealthiest athletes in the world and set a new standard for contract negotiations in the NFL.
In addition to his NFL earnings, Mahomes has made significant income through endorsements, partnering with brands like Oakley, Adidas, State Farm, and Head & Shoulders. His endorsement deals have played a key role in his financial success, making him one of the most marketable athletes of his generation.
Ownership Stake in the Kansas City Royals
In addition to his impressive contract with the Chiefs, Mahomes made a strategic move in the business world by acquiring an ownership stake in the Kansas City Royals baseball team in August 2020. The Royals were purchased for $1 billion in 2019, and Mahomes’ stake in the team is estimated to be around 1%, which would have cost him approximately $10 million. This investment adds another layer to Mahomes’ growing portfolio of assets.
Real Estate and Personal Life
Mahomes has made several significant real estate investments throughout his career. In 2019, he purchased a home in Kansas City for $1.9 million, which he later sold for just under $3 million. In 2020, he bought a $3.4 million home in Dallas, Texas, and in 2021, he paid $400,000 for an undeveloped lot in the exclusive Kansas City community of Loch Lloyd. By 2023, construction was completed on his dream home, which features a massive mansion, a giant pool, a private pond, and even a par-three golf hole with his personal logo in the end zone.
Patrick Mahomes married his high school sweetheart, Brittany Matthews, in 2022. The couple has two children together, a daughter and a son. In addition to his family, Mahomes has dedicated time to philanthropic efforts, founding the “15 and the Mahomies Foundation” in 2019 to help improve the lives of children in need.