Patrick Mahomes turns modest family fortune into huge business empire and heads towards becoming billionaire

One of the most marketable athletes in all of sports, Patrick Mason serves as the NFL’s spokesperson.

Since the day he started, the Kansas City Chiefs quarterback has been a sensation and is one of the most exciting football players.

In 2020, Mahomes agreed to a team-friendly 10-year contract that was valued at $450 million. However, in 2023, he restructured, and it is expected that he will do it once more in the upcoming years.

Compared to other quarterbacks in the NFL, his Chiefs contract is insignificant.

Lamar Jackson and Joe Burrow, for example, are making over $95 million this season, while Mahomes is making less than $60 million.

Forbes, however, claims that Mahomes is the NFL’s most marketable player, and he’s not even close.

NFL contract

Mahomes’ $450 million deal, which is his biggest source of income, is not set to expire until 2030.

As previously stated, Mahomes does not rank among the league’s highest-paid players.

In actuality, the average salary for ten quarterbacks is higher annually.

However, if he continues to be one of the league’s top players, Mahomes will probably rework his contract a few times before it expires.

In addition to becoming the league’s best-selling jerseys, “Mahomes 15” received over $3.5 million in jersey sales from the NFLPA last season.

Adidas deal

Adidas, the German apparel behemoth, endorses Mahomes, though it’s unclear how much of a deal he has.

Online estimates range from $5 million to $25 million.

An exclusive signature line of clothing and footwear bearing his name is part of his contract.

Sports teams

Particularly in Kansas City, Patrick Mahomes has made significant investments in sports clubs.

The son of former MLB great Pat, Mahomes is an avid baseball enthusiast and was infamously selected by the Detroit Tigers in the 37th round of the 2014 MLB Draft, but he never signed a contract.

Patrick Mahomes’ endorsements

Patrick Mahomes’ contract with the Kansas City Chiefs pays him more than $50 million annually.

However, the famous quarterback makes money off the field as well.

According to reports, Mahomes is worth $70 million.

And some of the brands he promotes are mostly responsible for that.

TheChiefsstar features in State Farm advertisements and serves as the face of Adidas in the US.

He also appears in Head and Shoulders and Subway advertisements.

Additionally, Mahomes became the spokesperson for the energy drink Prime, which is owned by KSI and Logan Paul.

In addition to numerous other professional sports franchises in the city, he owns 1% of the Kansas City Royals.

In addition, Mahomes owns a portion of the NWSL women’s soccer team Sporting Kansas City and the MLS team Sporting Kansas City.

The ownership group that was investing heavily in Formula One team Alpine included Mahomes and his star colleague Travis Kelce.

Soccer player Trent Alexander-Arnold, boxer Anthony Joshua, and golfer Rory McIlroy are among the other investors.

“I think everyone can see the appeal,” he remarked.

“I’ve been able to attend a few races lately, observe the surroundings, and then watch Drive to Survive on Netflix, which clearly shows how competitive it is.

“Any time you get an opportunity to get in on that, I mean I’m as competitive as anyone can get, so hopefully it can open up to some great opportunities and we are able to go to some of those races and have a little stake in the game.”

Other investments

Mahomes invests in smaller ventures as well.

In addition to investing in a number of health and wellness start-ups, he recently became the face of the caffeinated beverage Throne Sport Coffee.

Among them is Whoop, a wearable technology company that monitors exercise and health information.

Another investor was NBA star Kevin Durant.

In 2020, Mahomes also agreed to an equity contract with Hyperice, becoming both a brand ambassador and a co-owner.

LeBron James uses Normatec, a type of hyperbaric air chamber, and massagers from that brand to help him heal.

Commercials and endorsements

Mahomes has made numerous appearances in commercials and is a regular on television.

This applies to Essential Water, State Farm, and Subway.

He has numerous more endorsement agreements, including ones with companies like T-Mobile, Oakley, and Head & Shoulders, who pay him to promote their goods.

It is well known that Mahomes has a contract with Coors Light, his favorite beverage.

Additionally, he serves as a spokesperson for KSI’s Prime energy drink and Logan Paul.

Real estate portfolio

As previously reported by The U.S. Sun, Mahomes possessed a real estate portfolio valued at approximately $8 million.

This featured a large Texas estate that he purchased for $3.37 million and a little condo in Kansas City, where he spends his off-season days.

According to reports, the 7,800-square-foot home is now worth more than $6 million.

Family money

Pat Mahomes Sr., Mahomes’ father, was an MLB player who played for six different teams from 1992 to 2003, totaling over 300 games.

Despite not earning as much as his son, Mahomes Sr. made an estimated $2.6 million during his professional career.

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