HomeNet WorthPatrick Mahomes Net Worth 2024, Annual Income, Contract, Houses, Cars, Charities and...

Patrick Mahomes Net Worth 2024, Annual Income, Contract, Houses, Cars, Charities and More

The major 10-year extension contract worth $503 million made him the first professional athlete to earn a deal entering the half-a-billion league.

Patrick was born on the 17th of September 1995 and is 27 years old. He was born in Tyler, Texas. Patrick was born in the family of Pat Mahomes, who was an MLB pitcher, and Randi Mahomes. He attended his college Whitehouse High School where he used to play football and basketball for his team in the school.Within just few years, Patrick Mahomes has left an impact as strong as his game in the NFL. Mahomes joined the Kansas City Chiefs in 2017. As the quarterback, he started by shattering major and many touchdown records. And then within just a couple of years, Mahomes led the Chiefs in the Super Bowl LIV after 50 years. The highs achieved led to Mahomes bagging some lucrative financial deals. Let’s take a look at Patrick Mahomes Net Worth 2024, Annual Income, Contract, Houses, Cars, and Charities and more.

Patrick Mahomes Net Worth

Patrick Mahomes has an estimated net worth of $45 million as of 2024. The worth mainly comes from his contract with the Chiefs. The major 10-year extension contract worth $503 million made him the first professional athlete to earn a deal entering the half-a-billion league. The deal, if goes on till the mentioned duration, will earn Mahomes $503 million in total. Moreover, he has over $7 million coming in from his endorsements. Also Read: Aaron Rodgers Net Worth 2024, Salary, Endorsements, Cars, House, Properties, and Charities

Patrick Mahomes Annual Income and Contract

Patrick Mahomes is making around $4 million as an annual salary in 2024 through his latest deal with the Chiefs. Moreover, he picked a roster bonus worth $27,400,000 and a workout bonus of $550,000 in the latest season.

His rookie contract with the Chiefs in 2017 was worth $16.2 million, with the full some being guaranteed. Moreover, he also received a $10 million signing bonus. Midway through the deal, Mahomes led his team to the Superbowl LIV in what was the team’s entrance into the tournament after over 50 years.

The feat made Mahomes a strong contender for reaping the highest-paid contract as the time comes. And when the time came in 2020, the Chiefs offered a ten-year extension deal to him worth $503 million, proving the speculations true. The contract made him the first athlete to bag half a billion deal ever. Also read: Trae Young Net Worth 2024, Salary, Endorsements, Cars, Houses, Assets, Charities, and more

Patrick Mahomes Net Worth Growth 

Net Worth in 2024$45 Million
Net Worth in 2022$41 Million
Net Worth in 2021$37 Million
Net Worth in 2020$33 Million
Net Worth in 2019$30 Million
Net Worth in 2018$28 Million

Patrick Mahomes Endorsements

Patrick Mahomes attracted major brands to invest in him following his stunning performance in the NFL. He endorses Hunt’s, Oakley’s, and Essentia Water. Additionally, he’s also got deals running with Hy-Vee, State Farm, Direct Tv, Head & Shoulders, and Adidas. Mahomes, reportedly, makes $7 million annually through these endorsements.

Patrick Mahomes Properties

Patrick Mahomes owns a three-bedroom house in Kansas City. Located in an upscale community, the house is 3,759 square-foot, offering a spacious backyard. The house’s cost is estimated to be $1.9 million.

Patrick Mahomes Cars

Patrick Mahomes apparently drives a Ferrari 812 Superfast. The NFL prodigy apparently bought it for $338,00 after bagging the latest Chiefs deal. Moreover, he has others like Rolce-Royce Cullinan, a Genesis G70, and Lamborghini Urus in his prized collection. Also Read: Jonathan Taylor Net Worth 2024, Salary, Contracts, Endorsements, and more

Patrick Mahomes Charities

Mahomes has a foundation called 15 and the Mahomies that aims at helping underprivileged children. Moreover, he has actively landed his voice for the Black Lives Matter movement, even advocating for it in the league.

FAQs about Patrick Mahomes

Q. Is Patrick Mahomes the richest quarterback?

A. Coming into the off-season, the Kansas City Chiefs’ Patrick Mahomes had the highest average salary at $45 million per year.

Q. Why is Patrick Mahomes paid so much?

A. At 26, Mahomes is already one of the best quarterbacks in the NFL — which is why the Chiefs chose to reward him in 2020 with a record-setting extension: a 10-year, $450 million contract that officially kicks in starting with the upcoming season and lasts through the 2031 campaign.

Q. What is Patrick Mahomes net worth as of today?

A. $45 million as of 2024.

Q. Why is Patrick Mahomes so famous?

A. He was awarded his second career Super Bowl MVP for his efforts.

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Ayushi Singh
Ayushi Singhhttp://thesportslite.com
Ayushi is a Journalism and Mass Communication undergraduate. An avid sports enthusiast, with an inclination towards Cricket. Likes to be well informed, as she likes to be well read. Will be found indulging in a book if not in India's 2011 WC win highlights.
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