Kansas City Chiefs quarterback Patrick Mahomes is getting into Formula 1.
Earlier this month, Mahomes joined a group of investors backing F1 team Alpine, including fellow Chiefs player Travis Kelce, and champion golfer Rory McIlroy. The group is led by private investment firm Otro Capital, which announced a 200 million euro (about $211 million) investment in Alpine F1 in June 2023, along with other investors including actor Ryan Reynolds and Rob McElhenney.
This isn’t Mahomes’ first venture into sports teams—the two-time Super Bowl MVP is invested in a Major League Baseball team and a soccer team among other investments. Mahomes has a net worth of $70 million, according to Celebrity Net Worth, thanks to earning millions on and off the field.
Key Takeaways
- Patrick Mahomes joined a group of investors backing Formula 1 team Alpine, along with fellow Chiefs player Travis Kelce, and champion golfer Rory McIlroy.
- Mahomes has a net worth of $70 million, according to Celebrity Net Worth.
- He earned $29.45 million for the 2022 NFL season, according to Spotrac.
- Mahomes is invested in the MLB team Kansas City Royals, and women’s soccer team Kansas City Current, as well as a few sports wellness companies, among others.
Mahomes’ NFL Salary
A two-time National Football League MVP, Mahomes earns millions from his career as a star quarterback of the Kansas City Chiefs. In 2020, Mahomes signed a 10-year, $450 million contract extension with the Chiefs through 2031.
In September 2023, Mahomes’ contract with the Chiefs was restructured, and the new contract will pay Mahomes a guaranteed $210.6 million between 2023 and 2026, the most a player has been paid in a four-year span, according to the NFL.
Mahomes earned $29.45 million for the 2022 NFL season, according to Spotrac. With the restructured contract, the 28-year-old quarterback is expected to make $56.85 million for the 2023 season, according to AP News.
Mahomes’ Investments and Businesses
Outside of the NFL, Mahomes has a series of sports investments, brands, and businesses that make him millions.
Mahomes has made an estimated $20 million from endorsements in 2022. Mahomes has had endorsement deals with Adidas, State Farm, Oakley, Nestlé, and DirectTV, among others.
Mahomes has a 1% stake in Major League Baseball team Kansas City Royals. The team is valued at $1.2 billion, according to Sportico. Mahomes is also invested in the Kansas City Current, a professional women’s soccer team.
Besides sports teams, Mahomes is invested in sports recovery and wellness companies, too.
Mahomes has a stake in Whoop, a wearable fitness tracker that was valued at $3.6 billion as of 2021. The quarterback is also invested in Hyperice, a company that makes massage guns and hot and cold therapy devices for sports recovery. Hyperice had a valuation of $700 million as of 2020 and got $100 million in capital from an investment firm in July 2023.
Mahomes is also invested in KMO Burgers, an expansion venture by Texas fast-food chain, Whataburger. A Texas native, Mahomes helped open the first Whataburger location in Kansas City in 2022.
This content was originally published here.
