Patrick Mahomes’s Foundation Looks Out for the Next Generation of ‘Mahomies’
Even if he hadn’t led the Kansas City Chiefs to Super Bowl LIV in 2020, Patrick Mahomes's philanthropy would make him an MVP. In 2019, the star quarterback announced he had formed a charitable foundation, 15 and the Mahomies, to support kids in “any shape or any way in order to get them the resources that they need to have an amazing life.”
“It is a foundation that is designed all around kids. Kids from the underserved communities that don’t get the same opportunities that I had whenever I was young, kids that are in the hospital that have chronic illnesses or have suffered major injuries, those are the kids [who] train harder than me by a hundred times—every single day,” he added at the time, according to a press release.
Thanks to his new contract with the Chiefs, his salary, and his endorsement deals, Mahomes has the net worth to do a lot of good. Here are more details about the reigning champ’s finances.
What's Patrick Mahomes’s net worth?
In Feb. 2020, following the Chiefs’ Super Bowl LIV victory, Mahomes was worth an estimated $10 million. Currently, the athlete is worth an estimated $30 million.
What's Patrick Mahomes’s contract value and salary?
The Kansas City Chiefs announced in July 2020 that it had extended Mahomes’s contract through the 2031 season. According to ESPN sources, the decade-long contract is worth $450 million–$503 million.
“With his dynamic play and infectious personality, [Mahomes] is one of the most recognized and beloved figures to put on the Chiefs uniform,” Chiefs chairman Clark Hunt said. “He’s an extraordinary leader and a credit to the Kansas City community, and I’m delighted that he will be a member of the Chiefs for many years to come.”
What are Patrick Mahomes’s endorsement deals?
By the time Mahomes led the Chiefs to Super Bowl LIV—their first Super Bowl appearance in half a century—he had landed endorsement deals with Adidas, Oakley, Head & Shoulders, State Farm, Bose, DirecTV, Essentia Water, and Electronic Arts, according to Forbes.
And in Aug. 2020, the quarterback made his first post-Super Bowl endorsement deal, a multiyear agreement with BioSteel Sports Nutrition, Forbes reports. “I’m invested in the future success of BioSteel,” he said at the time. “It is something that is authentic to me and something that I believe in because they are doing it the healthy way.”
What are Patrick Mahomes’s investments?
In July 2020, Mahomes became a part-owner of the Kansas City Royals, the Midwestern city’s MLB team. “I’m honored to become a part owner of the Kansas City Royals,” the athlete said in a press release. “I love this city and the people of this great town. This opportunity allows me to deepen my roots in this community, which is something I’m excited to do.”
That October, fitness tracking company Whoop announced a $100 million Series E financing round with Mahomes as an investor, according to CNBC. Other athletes also invested in the company, including Arizona Cardinals wide receiver Larry Fitzgerald, champion golfers Rory McIlroy and Justin Thomas, and Brooklyn Nets forward Kevin Durant (through his ThirtyFive Ventures company). After that funding round, the company—which makes wearable fitness trackers—was valued at $1.2 billion.
What are Patrick Mahomes’s charity and philanthropy efforts?
Mahomes’s 15 and the Mahomies foundation “is dedicated to improving the lives of children” and “supports initiatives that focus on health, wellness, communities in need of resources and other charitable causes,” according to its website.
15 and the Mahomies’ signature program, 15 for 15, supports children through 15 initiatives related to school, science, athletics, after-school programs, and other areas, the foundation explains.
What's Patrick Mahomes’s house like?
In Jan. 2018, Mahomes bought a condo in Kansas City, and in Feb. 2019, he bought a 3,759-square-foot home near a country club in the area, reported Kansas City Business Journal. The contemporary ranch-style home, built in 1953, features three bedrooms, three bathrooms, a chef’s kitchen, a master suite, a swimming pool, and a hot tub. Sounds perfect for a hardworking quarterback seeking a little R&R!