
Getty Image / John E. Moore III
- Patrick Mahomes is one of the highest-paid athletes in the world and he’s on track to become the first billionaire NFL player
- Patrick makes a ton from his NFL salary but endorsements and shrewd investments are what will inevitably propel him to billionaire status
- Read more NFL stories here
Kansas City Chiefs quarterback Patrick Mahomes is one of the highest-paid athletes on the planet and he’s worth every penny.
He is on track to become the league’s first-ever billionaire player (all of the owners are billionaires) and his accumulation of wealth is driven by investments and endorsements as much as his handsome salary.Since becoming the Chiefs’ starter in 2018, Patrick Mahomes won an MVP, Super Bowl, Super Bowl MVP, went back to another Super Bowl, and an AFC Championship. He’s been delivering value on every cent of his 10-year, $503,000,000 contract from the Chiefs.
To date, Mahomes has earned $47,454,472 in contract money. Over the next 10 seasons, that number will climb to $491,454,472. How exactly does he get from there to being the first-ever billionaire NFL player? ‘Business of Sports’ reporter and Twitter user @AndrewPetcash breaks it down in an easily digestible thread.
Here’s How Patrick Mahomes Will Become The NFL’s First Billionaire Player
Patrick Mahomes will be the first NFL billionaire
$503M in NFL money and several 3x business moves.
THREAD: Mahomes’ 4 Best Investments pic.twitter.com/nFrxJPwgoa
— Andrew Petcash (@AndrewPetcash)
The Kansas City Chiefs pay Mahomes well.
He’s on a 10-year contract for a whopping $503,000,000.
It's the richest contract in sports history. pic.twitter.com/I5klKSvjuu
— Andrew Petcash (@AndrewPetcash)
Mahomes makes over $22M/year from endorsements.
They include:
• Adidas
• Nestlé
• Oakley
• Whoop
• Panini
• Bose
• GEHA
• Directv
• Hy-Vee
• Airshare
• BioSteel
• State Farm
• Electronic Arts
• Procter & Gamble
• Molson Coors Brewing pic.twitter.com/NxER49flTx— Andrew Petcash (@AndrewPetcash)
It’s pretty remarkable how many endorsements Mahomes has and how infrequently we hear him speak in TV commercials.
But these aren't even his most impressive sources of income.
Here are Patrick’s 4 best investments →
— Andrew Petcash (@AndrewPetcash)
Pro Sports Franchise Owner
4. The Kansas City Royals,
Mahomes bought a $10M stake in the KC Royals.
2005: $187 million
2010: $341 million
2015: $700 million
2020: $1.02 billionMahomes went from a MLB prospect to a MLB owner in only 6 years. pic.twitter.com/YHBv6eOAV7
— Andrew Petcash (@AndrewPetcash)
3. Sporting Kansas City
Mahomes also bought a stake in Sporting KC.
MLS Franchise Valuations are on the rise:
2018: $240 M
2019: $313 M
2020: $540 M @SportingKC (currently valued at $557M) has a lot more upside.— Andrew Petcash (@AndrewPetcash)
You might recognize Hyperice as the company behind the Hypervolt sports massager. I’ve got one and swear by it for recovery after long-distance runs.
2. Hyperice
Hyperice, a maker of performance recovery products, has 20X'ed its revenue from 10M to 200M in just 3 years.
It recently landed a deal with the NFL and is inching closer to a $1B valuation.
Mahomes is an investor and @Hyperice brand ambassador. pic.twitter.com/9tJj8CzK6f
— Andrew Petcash (@AndrewPetcash)
1. Whoop
In 2020, Mahomes invested in Whoop when it was valued at $1.2 billion.
Today it’s 3x that at $3.6 billion (and rising).
He also gets a nice marketing fee for being a @whoop brand ambassador.
— Andrew Petcash (@AndrewPetcash)
It’s worth noting that Patrick could make some bad investments in the future that change these numbers. In fact, it would be weird if he didn’t make some bad investments at some point in his career as nobody gets it right 100% of the time. That said, life’s been good to him so far.
What Doesn’t Patrick Mahomes Own At This Point?
What's Mahomes investing in now?
• 30 Whataburger's (@Whataburger)
• Airshare (@flyairshare)
• Buzzer (@buzzer)
• Biosteel (@BioSteelSports)
• Dapper Labs (@dapperlabs)He plans to bring an NBA team to Kansas City one day.
— Andrew Petcash (@AndrewPetcash)
Bonus) Patrick’s Philanthropy
1. Started the ‘15 and Mahomies’ foundation
2. Raised $600,000 at the inaugural 15 and Mahomies foundation gala, with $225,000 going to 15 deserving charities.
3. Provided 15 scholarships to children of US Navy SEALs. pic.twitter.com/azzCvFt0UL
— Andrew Petcash (@AndrewPetcash)
Mahomes' Mission:
"I want to do whatever I can to help the world out and try to make everybody feel equal and like they can go achieve their dreams.”
— Andrew Petcash (@AndrewPetcash)
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— Andrew Petcash (@AndrewPetcash)
If Patrick Mahomes could open a 31st Whataburger and do that in my hometown in Southwest Florida I’d be a happy camper. Or rather, if someone from Whataburger can drop me an email about opening up a franchise myself that’d be great. I’m sure I could come up with the franchise fee easily if it meant bringing Whataburger to Florida’s Southwest.
As it stands, the nearest locations to me are Jacksonville and Tallahassee. It’d be quicker for me to fly to the Dallas airport and crush a burger there. Patrick Mahomes clearly understands people like myself who use Hypervolt massagers and love Whataburger. I’m literally his target demographic for investing even if he doesn’t know it.
It’s unclear when Patty will become a billionaire but it is certainly in his future. I can’t help but wonder though, is the injury risk of playing in the NFL worth it if you are worth a billion dollars off the field?
The post Patrick Mahomes Is Poised To Be The NFL’s First Billionaire Player Thanks To These Savvy Investments appeared first on BroBible.