Who Is Patrick Mahomes? His Chiefs Deal, Team Stakes and Net Worth Facts

Patrick Mahomes is the Chiefs quarterback on a 10-year deal signed in 2020 and a minority owner of four sports teams. There is no outlet net worth estimate for him; Forbes tracks his yearly earnings, and his contract terms are well documented.

Patrick Mahomes is the Kansas City Chiefs quarterback with three Super Bowl titles, a 10-year contract signed in 2020 and minority stakes in four sports franchises. Anyone checking Patrick Mahomes net worth should know that no estimate exists from Forbes, Bloomberg or the big news organizations as of October 2026. Forbes estimates what he earns each year instead, and the contract itself has been reported in detail by the NFL’s own news site.

Where it stands: In September 2026, Forbes estimated his earnings at $86.8M on its annual ranking of the NFL’s top-paid players. Earlier in the year, the Chiefs restructured his deal to free up salary cap room, NFL.com reported.

Snapshot Patrick Mahomes
Position Quarterback, Kansas City Chiefs
Honors Two NFL MVPs; three Super Bowl MVPs
Contract 10 years from July 2020
Team stakes Royals, Sporting KC, KC Current, Alpine F1
Forbes 2026 earnings $86.8M
Net worth estimate None from Forbes, Bloomberg or major outlets

Who is Patrick Mahomes?

Mahomes became one of the NFL’s premier players early in his career. He was named league MVP in 2018, his second pro season, and won it again for the 2022 season, according to a 2024 PR Newswire release announcing one of his business ventures. He was MVP of the Chiefs’ Super Bowl wins in 2020 and 2023.

His February 2024 win was his third title and third Super Bowl MVP award, Forbes noted, and the Chiefs returned to the Super Bowl in 2025 but lost. The following season went worse: NFL.com wrote in February 2026 that Kansas City had just missed the playoffs for the first time since 2014, and that Mahomes was rehabbing from a season-ending knee injury.

How much is Mahomes’ Chiefs contract really worth?

The answer depends on whose number you use. NFL.com describes the July 2020 extension as a 10-year, $450 million contract. Forbes says the same deal is worth up to $503 million. Neither outlet itemizes the gap, but “up to” totals generally include money that is not guaranteed.

Kansas City has repeatedly adjusted the deal. “The past few seasons, the Chiefs have moved money up to keep the star signal-caller in line with his high-profile peers,” NFL.com wrote. The 2026 move was driven by the team’s cap position: the Chiefs had been more than $50 million over the projected cap before it and were still roughly $11 million over afterward, according to NFL.com.

A contract extension adds years to a deal a player is already under. Mahomes’ deal runs a decade, and NFL.com noted it was built to give the Chiefs flexibility, with restructures that push money into future years “always part of the plan.”

The February 2026 restructure

The latest rework came in February 2026. NFL.com, citing NFL Network’s Tom Pelissero, reported that the Chiefs took $44.05 million of his scheduled 2026 base pay, plus a $10.4M roster bonus, and turned both into one fully guaranteed roster bonus. The effects, as reported:

  • His 2026 salary cap charge fell from $78.214 million to $34.65 million.
  • The team gained $43.56 million in cap room.
  • His 2027 cap hit rose to $85.25 million.

Pro Football Talk put the combined amount at $54.45 million and called it a signing-bonus conversion. A restructure like this does not change how much he is paid overall; it changes when the money counts against the team’s salary cap, the league-wide limit on payroll.

Patrick Mahomes net worth: earnings vs. wealth

Forbes publishes his income, not his wealth. Its 2026 highest-paid list “reflects both playing contracts and endorsements,” Forbes said, and put him at $86.8M. That figure is one year’s estimated income. Net worth, by contrast, is everything someone owns minus what they owe, and would include the value of his team stakes, which have not been disclosed.

For a comparable figure on a fellow athlete, our LeBron James profile shows what a dated outlet estimate looks like when one exists.

Which sports teams does Patrick Mahomes own?

Mahomes holds minority stakes in four franchises, according to Forbes:

  • MLB’s Kansas City Royals;
  • MLS’s Sporting Kansas City;
  • the NWSL’s Kansas City Current;
  • the Alpine Formula 1 team.

A minority stake means he owns less than half and does not control the team. Neither the size of his holdings nor what he paid has been made public in the sources we reviewed, so we cannot attach a dollar value to them. Valuing a team, or a team’s growth, would not tell you what his slice is worth.

Endorsements and business ventures

Off the field, Forbes says his winning has built a stable of endorsements well beyond what most NFL players earn. Its sponsor list for him runs from sportswear and eyewear (Adidas, Oakley) to telecom and tech (T-Mobile, Meta, Beats by Dre), plus Hublot watches, Molson Coors, State Farm and CommunityAmerica Credit Union. Individual deal values have not been disclosed.

He has also gone into hospitality. In March 2024, the restaurant group Noble 33 announced 1587 Prime, a Kansas City steakhouse developed in partnership with Mahomes and Chiefs tight end Travis Kelce and named for their jersey numbers, to be housed in the Loews Hotel Kansas City. The release did not disclose ownership terms. More on his teammate’s deals is in our Travis Kelce profile.

What changes next for Mahomes’ money?

The restructure moved cost into later years. NFL.com reported that his 2027 cap hit now stands at $85.25 million, and it suggested the team is moving closer to a complete redo of the contract.

Frequently Asked Questions

What is Patrick Mahomes’ net worth?

Forbes, Bloomberg and other major outlets had not published a Patrick Mahomes net worth estimate as of October 2026. Forbes estimates his annual earnings instead, at $86.8M in its 2026 NFL pay ranking.

How much is Patrick Mahomes’ contract worth?

He signed a 10-year extension with the Chiefs in July 2020. NFL.com describes it as a $450 million deal, while Forbes says it is worth up to $503 million. Neither outlet breaks down the difference.

What teams does Patrick Mahomes own part of?

Forbes lists minority stakes in the Kansas City Royals, Sporting Kansas City, the Kansas City Current and the Alpine Formula 1 team. The size of each stake has not been disclosed.

Why did the Chiefs restructure Mahomes contract in 2026?

To create salary cap room. NFL.com reported that converting salary and a roster bonus into a guaranteed bonus cut his 2026 cap number from $78.214 million to $34.65 million, while raising later cap hits.

Who sponsors Patrick Mahomes?

Forbes names nine sponsors, among them State Farm, Adidas, T-Mobile, Oakley, Hublot and Molson Coors. Deal values are not public.

Sources

Net worth figures are estimates published by the outlets named, on the dates shown. They are not disclosed by the people profiled, they move with markets and private valuations, and different publications reach different numbers. Net Worth Rankings is not affiliated with anyone profiled here.