Patrick Mahomes has enjoyed unparalleled success since the Kansas City Chiefs selected him in the first round of the 2017 NFL Draft. The 27-year-old has set a litany of league records thus far, including all-time marks for passing yards per game and passer rating.
Mahomes has been even better in the postseason. He’s piloted the Chiefs to at least the AFC Championship game in five straight seasons. He’s got two Super Bowl wins and accompanying game MVP honors on his mantle.
With all that success, what does Mahomes’ net worth look like in 2023? After signing a massive contract extension back in 2020, his net worth and salary ballooned. Let’s take a closer look at how his numbers currently look.
What Is Patrick Mahomes’ Net Worth?
Mahomes’ efforts have already entrenched him as one of the best ever. He’s helped teammate Travis Kelce have one of the best-ever careers at the tight end position. He’s also helped Andy Reid go from one of the best coaches to never win a Super Bowl to one of the best coaches, period.
And he’s regularly maximized the output of underwhelming secondary options like Mecole Hardman, Byron Pringle, and Jerick McKinnon.
For his efforts, you best believe that Mahomes is well compensated.
Mahomes inked a 10-year, $450 million deal with Kansas City. At the time, it was a record-setting contract, but Mahomes has become a bargain in short order. However, in 2023, he restructured the deal to receive $210.6 million over the next four years.
According to Spotrac, Mahomes was the eighth-highest-paid QB in the NFL in terms of average annual earnings. Some of the more questionable names ahead of him include Russell Wilson, Kyler Murray, and Deshaun Watson. But the restructure made him one of the highest paid on a per-year basis.
As of right now, Mahomes will earn more than everyone (except Joe Burrow) over the next four years, and all indications are that the two sides plan to come to a new contract agreement after the 2026 season.
Mahomes spoke to the media about how the contract restructuring came to be.
“It’s just constant communication,” he began. “Between me, my people, the front office, Clark Hunt, [and] coach Reid to find the right spot where I can get paid, keep the quarterback market going — and at the same time, keep a lot of great dudes around me and keep cap space for other guys to get signed as well.
“That’ll be something I do throughout my entire career: To make money for myself and my family, but to keep a lot of great players around me as well.”
Mahomes has proven immensely marketable, something he’s capitalized on through advertising campaigns with the likes of State Farm Insurance and Head & Shoulders, among others.
Those television spots no doubt helped to increase Mahomes’ liquidity. It brings us back to the question: What is the star QB’s net worth?
Multiple resources provided comparable figures, but the most recent (and often cited) was from Celebrity Net Worth, which reported Mahomes to be worth approximately $70 million as of July.
That number will continue to grow, and likely at an exponential rate. Mahomes should comfortably play another decade in the league. Another decade and a half certainly isn’t out of the question either. Tom Brady played till he was 45. Mahomes is 27.
In five short years, Mahomes has joined that great triumvirate of quarterbacks in several categories. Statistical excellence and consistent victory are probably chief among them.
Mahomes is as smart and motivated as he is cerebral. He’ll continue to position himself in a manner most advantageous to his pocketbook.
Don’t be surprised if the next time we revisit this subject Mahomes’ net worth has broken nine figures.
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