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

Patrick Mahomes.
Patrick Mahomes.AP Photo/Reed Hoffmann
  • Patrick Mahomes signed the biggest deal in NFL history in 2020.

  • As one of the brightest stars in the league, Mahomes makes tons of money both on and off the field.

  • Mahomes has since invested in several sports teams, innovative sports technology, and restaurants.

Patrick Mahomes is arguably the best player in the NFL.

The superstar Kansas City Chiefs quarterback has won two Super Bowls, two MVP awards, and two Super Bowl MVPs in his career — all before turning 30.

He's making a not-so-small fortune as a result. Mahomes signed the biggest deal in NFL history in 2020, and he's since restructured the deal to earn even more money over a shorter span, per NFL.com.

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Mahomes and his family — wife Brittany, daughter Sterling Skye, and son Patrick "Bronze" Lavon III — live a life of luxury thanks to the quarterback's generational talents. Here's how he makes and spends his millions:

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

Patrick Mahomes attends the 2017 NFL scouting combine.
Patrick Mahomes attends the 2017 NFL scouting combine.AP Photo/Gregory Payan

Read more: The Chiefs took a big gamble by trading up for Patrick Mahomes, and now it looks like a steal

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.
Patrick Mahomes and Alex Smith celebrate a win over the Miami Dolphins.AP Photo/Reed Hoffmann

Read more: How Patrick Mahomes went from a high school baseball star to the face of the NFL

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

Patrick Mahomes celebrates after winning Super Bowl LIV.
Patrick Mahomes celebrates after winning Super Bowl LIV.AP Photo/David J. Phillip

Read more: Patrick Mahomes once again proved he is the king of NFL comebacks, erasing a 10-point 4th quarter deficit to win Super Bowl LIV

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

Patrick Mahomes.
Patrick Mahomes.Photo by Getty Images

Read more: Why Patrick Mahomes' record-breaking $503 million contract extension still looks like a bargain for Kansas City

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.
Patrick Mahomes gets set to throw a pass against the Cincinnati Bengals.AP Photo/Eric Gay

Read more: Patrick Mahomes is so good that he just signed the biggest deal in sports history and everyone thinks he could have gotten more

And he got to work right away, winning another Super Bowl — and Super Bowl MVP — at the end of the 2022 season.

Patrick Mahomes Super Bowl
Patrick Mahomes celebrates winning his second Super Bowl in three years.Kevin Sabitus/Getty Images

A few months after winning his second Super Bowl, he renegotiated the deal to get even more money in a shorter span.

Patrick Mahomes.
Patrick Mahomes.Gary A. Vasquez-USA TODAY Sports

Source: NFL.com

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

Patrick Mahomes celebrates a touchdown against the Jacksonville Jaguars.
Patrick Mahomes celebrates a touchdown against the Jacksonville Jaguars.AP Photo/Perry Knotts

Read more: Meet the Hunt dynasty, owners of the Kansas City chiefs, and one of the richest families in America

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

Patrick Mahomes wears Adidas apparel.
Patrick Mahomes wears Adidas apparel.Mark Brown/Getty Images

According to Forbes, Mahomes made $20 million in sponsorship deals in 2023, second only to Tom Brady among NFL athletes.

Patrick Mahomes speaks with Tom Brady after Super Bowl LV.
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.

 

Essentia water sponsors his hydration.

 

And he has a big partnership with Adidas.

 

The Adidas deal includes his own line of shoes.

 

Mahomes is also an ambassador for Oakley sunglasses, often 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 during warmups before a game against the Los Angeles Chargers.
Patrick Mahomes 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.

Patrick Mahomes with the Kansas City Royals.
Patrick Mahomes with the Kansas City Royals.Denny Medley-USA TODAY Sports

Read more: Patrick Mahomes spent some of his $503 million Chiefs mega deal buying a stake in the Kansas City Royals, becoming the youngest owner in MLB history

His wife, Brittany Matthews, also bought a share of the city's National Women's Soccer League team, the Kansas City Current.

Patrick Mahomes and Brittany Matthews attend a red carpet.
Patrick Mahomes and Brittany Matthews attend a red carpet.Omar Vega/Invision/AP

Read more: Patrick Mahomes — fiancé of KC NWSL team owner Brittany Matthewsrocks fiancée's jersey at the team's first home game

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.
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 Grand Prix.

 

He's also an avid golfer, having teed it up alongside fellow sports superstar Stephen Curry.

 

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

Patrick Mahomes celebrates a golf shot with Aaron Rodgers.
Patrick Mahomes celebrates a golf shot with Aaron Rodgers.Carmen Mandato/Getty Images for The Match

And he has his very own par-3 hole in the backyard of his sprawling Kansas City palace.

 

Patrick and Brittany tied the knot in March 2022.

 

And they had their first child together — Sterling Skye — the year prior.

Patrick Mahomes and his daughter, Sterling Skye.
Patrick Mahomes and his daughter, Sterling Skye.AP Photo/Brynn Anderson

The Mahomes family continues to grow, with Patrick and Brittany welcoming their second child, Patrick "Bronze" Lavon III, in November of 2022.

 

With plenty of time — and money — left on his deal with the Kansas City Chiefs, life for Patrick Mahomes is pretty good.

Patrick Mahomes.
Patrick Mahomes.AP Photo/Reed Hoffmann

Read the original article on Insider