Recently, Patrick Mahomes, the quarterback for the Kansas City Chiefs, has taken an interesting step into the Formula 1 world. This noteworthy endeavor became public when Mahomes became one of the select few investors supporting the Formula 1 team, Alpine. Notably, this group also includes renowned champion golfer Rory McIlroy and fellow Kansas City Chiefs player Travis Kelce.
The private investment firm Otro Capital is the driving force behind this consortium. In June 2023, the company revealed a significant commitment of 200 million euros, or roughly $211 million, in Alpine F1. Other well-known individuals who have supported this investment project include the multifaceted Rob McElhenney and the renowned actor Ryan Reynolds.
Two-time Super Bowl MVP Patrick Mahomes is no stranger to the world of sports investing. In addition to his remarkable achievements on the football field, Mahomes has invested in a variety of sports teams to diversify his holdings. Notably, among other wise financial decisions, he has shown his dedication to the world of soccer and is a stakeholder in a Major League Baseball team.
Celebrity Net Worth attests that Mahomes has accumulated a sizeable net worth of an astounding $70 million. This affluence is a result of his high income, which goes beyond his accomplishments on the field to include profitable off-field opportunities.
Mahomes' NFL Salary
Celebrated as the National Football League MVP twice, Patrick Mahomes makes a substantial living from his stellar career as the quarterback for the Kansas City Chiefs. His NFL career has brought him nothing but extraordinary financial success.
Mahomes signed a historic 10-year, $450 million contract extension with the Chiefs in 2020, marking a turning point in the franchise's history. The deal runs through 2031. His enormous value to the league was highlighted by this historic agreement.
Notably, Mahomes' contract experienced a major restructuring in September 2023. Mahomes will get $210.6 million guaranteed under the terms of the new contract for the 2023–2026 period. According to the NFL, this remarkable amount establishes a new benchmark for the largest payout to a player over a four-year period.
According to Spotrac, Mahomes demanded a salary of $29.45 million for the 2022 NFL season. According to AP News, the 28-year-old quarterback will make an estimated $56.85 million in 2023 thanks to the recent contract restructuring. This solidifies his place among the highest-paid and most remarkable players in the league.
Mahomes's Ventures and Enterprises
The breadth of Patrick Mahomes' business ventures and investments beyond his NFL career is truly remarkable. In addition to expanding his financial horizons, these endeavors have solidified his reputation as a cunning businessman in the sports industry and beyond. He made an estimated $20 million in 2022 from lucrative endorsement deals, demonstrating his value as a spokesperson for brands.
Several well-known companies have approached Mahomes for endorsements, including DirectTV, Adidas, State Farm, Oakley, and Nestlé. These alliances have greatly increased his income in addition to being mutually beneficial.
Mahomes owns 1% of the Kansas City Royals, a team in Major League Baseball. Sportico estimates the team's worth at $1.2 billion. Mahomes also owns shares in the professional women's soccer team Kansas City Current.
Key Takeaways
- Patrick Mahomes recently made an investment in the Formula 1 team Alpine with fellow Kansas City Chiefs player Travis Kelce and champion golfer Rory McIlroy.
- According to Spotrac, Mahomes, who has an estimated net worth of $70 million based on Celebrity Net Worth, made $29.45 million in the 2022 NFL season.
Read Also:- ETFs Highly Exposed to the ‘Magnificent 7’ Have Been Pummeled Amid a Tech Selloff
