Kansas City Chiefs star quarterback Patrick Mahones was voted by fellow NFL players as the best player in the league, topping the annual NFL Top 100 in 2023 for a second time.
After having a sensational campaign last season, wherein he won his second Super Bowl, Super Bowl MVP, and NFL MVP, many are asking: How much is Patrick Mahomes' net worth in 2023?
Patrick Mahomes Net Worth 2023
The 27-year-old Mahomes is worth $70 million in 2023, according to Celebrity Net Worth.
The 2018 NFL Offensive Player of the Year was the 24th highest-paid athlete in the world this year, earning $59.3 million.
More than half of the figure came from the Chiefs in the form of salary, bonuses, and other incentives at $39.3 million, while $20 million was from various endorsements, according to Forbes.
The two-time First Team All-Pro's net worth more than doubled from its figure last year, which was $30 million, as reported by Explore Net Worth.
Patrick Mahomes Record Contract
In July 2020, the Chiefs signed Mahomes to a record-breaking ten-year contract extension worth up to $503 million, with $477 million guarantee mechanisms.
Kansas City's decision to lock their franchise quarterback for the long term came six months after he led the team to their first Super Bowl win in 50 years.
The deal, which took effect in 2022, is set to keep Mahomes in Kansas City until the end of the 2031 NFL season.
However, Mahomes needs to achieve several incentives to receive the full half-billion dollar amount.
The pact remains the largest contract in American sports history three years after it was signed, as well as the third largest sports contract overall, just next to Lionel Messi's contract extension with FC Barcelona in 2017 and Cristiano Ronaldo's agreement with Saudi Arabian club Al-Nassr in 2023.
The five-time Pro Bowl selection is set to make $46,793,381 in the upcoming 2023 NFL campaign in terms of salary, bonuses, and other incentives, per Boardroom.
Read more: Chiefs General Manager Brett Veach Gives Crucial Update on DT Chris Jones Contract Talks
Patrick Mahomes Endorsements
As per Forbes, Mahomes has endorsement deals with the following brands: Adidas, Airshare, BioSteel, CommunityAmerica Credit Union, Directv, Hy-Vee, Molson Coors, Nestlé, Oakley, Panini, Procter & Gamble, State Farm Mutual Auto Insurance, Subway and Whoop.
The former Texas Tech quarterback was featured on the cover of Madden NFL 22 alongside then-Tampa Bay Buccaneers quarterback Tom Brady after the two faced off in the Super Bowl LV months prior.
The video game was the 2021 edition of the highly popular sports video game series based on the league.
Patrick Mahomes MLB Investment
Less than a month after he signed his record-breaking contract extension with the Chiefs, Mahomes already made a smart investment by purchasing a stake in the city's Major League Baseball team, the Kansas City Royals.
Mahomes' stake on the baseball team was announced at the end of July 2020.
Reports say that the two-time Super Bowl MVP purchased a 1 percent stake in the team, which is worth $12 million dollars, based on Forbes' latest estimate of the total value of the Royals, which is $1.2 billion.
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