Patrick Mahomes has one of the richest contracts in NFL history — here’s how the Chiefs QB spends his money

January 29, 2023 Stan

Patrick Mahomes celebrates a touchdown against the Pittsburgh Steelers.

AP Photo/Reed Hoffmann

Patrick Mahomes signed the biggest deal in NFL history in 2020.
As one of the biggest stars in the league, Mahomes makes tons of money both on and off the field.
Mahomes has since invested in several sports teams, as well as innovative sports technology and even restaurants.

Patrick Mahomes was drafted out of Texas Tech with the 10th overall pick by the Kansas City Chiefs at the 2017 NFL Draft.

Patrick Mahomes attends the 2017 NFL scouting combine.

AP Photo/Gregory Payan

After spending his rookie year backing up veteran Alex Smith, Mahomes took over the starting job in Kansas City in his second season — and was an immediate sensation.

Patrick Mahomes and Alex Smith celebrate a win over the Miami Dolphins.

AP Photo/Reed Hoffmann

He was named MVP of the 2018 season before his team to a Super Bowl victory the very next year.

Patrick Mahomes celebrates after winning Super Bowl LIV.

AP Photo/David J. Phillip

In 2020, Kansas City committed to Mahomes with the biggest contract in NFL history.

A 10-year, $450 million extension ensured that Mahomes would stay in Kansas City for some time.

Patrick Mahomes gets set to throw a pass against the Cincinnati Bengals.

AP Photo/Eric Gay

With an average annual value of $45 million, Mahomes has plenty of money to spend.

Patrick Mahomes celebrates a touchdown against the Jacksonville Jaguars.

AP Photo/Perry Knotts

In addition to the money he makes on the field, Mahomes also has several impressive endorsement deals with high-profile brands.

According to Forbes, Mahomes made $20 million in sponsorship deals in 2021, second only to Tom Brady among NFL athletes.

Patrick Mahomes speaks with Tom Brady after Super Bowl LV.

AP Photo/Charlie Riedel

Source: Forbes

Mahomes has featured regularly in commercials for State Farm insurance.

He has also lined up across from Troy Polamalu while promoting Head and Shoulders.

Mahomes has a deal with Bose, promoting their headphones, both in television commercials and on Instagram.

His hydration is sponsored by Essentia water.

Mahomes also has a big partnership with Adidas.

The Adidas deal includes his own line of shoes.

Mahomes is also an ambassador for Oakley sunglasses, always seemingly pictured in a dramatic pair of shades.

With all of his earnings both on and off the field, Mahomes has developed quite the investment portfolio.

Patrick Mahomes smiles during warmups before a game against the Los Angeles Chargers.

AP Photo/Ed Zurga

Mahomes bought a slice of MLB’s Kansas City Royals, furthering his commitment to his adopted city.

His wife, Brittany Matthews, also bought a share of the city’s women’s soccer team, the Kansas City Current.

Patrick Mahomes and Brittany Matthews attend a red carpet.

Omar Vega/Invision/AP

In January of 2023, Mahomes joined his wife as a part-owner of the Kansas City Current.

Mahomes also has a stake in Kansas City’s MLS team, Sporting KC.

Patrick Mahomes and Brittany Matthews take in a Sporting KC match.

Jamie Squire/Getty Images

Outside of sports, Mahomes has also invested in the restaurant industry.

A native Texan, Mahomes worked with a franchise group to help bring Whataburger to the greater Kansas City area.

Mahomes’ preferred meal is “the #1 with cheese, ketchup, and pickles only with a large fry and a large coke,” though he mixes his order up.

Source: 610 Sports Radio

He also invested in Whoop, a wearable tech company that includes Kevin Durant, Rory McIlroy, and Justin Thomas as fellow investors.

But Mahomes doesn’t put all of his money to work, as he knows how to have a good time as well.

Mahomes enjoyed some fun in the sun at Formula 1’s Miami GP earlier this summer.

He’s also an avid golfer, having teed it up alongside the likes of fellow sports superstar Stephen Curry.

Mahomes was even featured in one iteration of “The Match,” teaming up with Josh Allen to face off against Aaron Rodgers and Tom Brady to raise money for charity.