KC Chiefs Star QB Patrick Mahomes Could Become NFL’s First Billionaire Through These Major Investments and Contracts
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Tom Brady’s massive FOX deal has fueled speculation that he will be the first NFL player to earn a billion. However, it looks like he might have some competition in the making. Kansas City’s prodigal son, Patrick Mahomes, might be on the fast track to sitting on a billion dollars net worth.
Patrick Mahomes is arriving off a fantastic start to the season, aside from losing the AFC title to the Bengals. Around close friends and family, the Chiefs quarterback got married in Maui, Hawaii. Mahomes returns to the Arrowhead after his romantic getaway to prepare to plead his point for the Lombardi Trophy.
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Patrick Mahomes’ top sports-related investments
Patrick Mahomes has an investor mode, and he spends his own net worth and a 10-year contract to work right away, making many heavy investments to boost his net worth. It includes sporting ventures, food chains, and minority stakes in a sporting franchise.
One of them is Hyperice, an athletic product line that concentrates on developing healing products for a variety of muscle groups, such as massagers and stretching devices. Mahomes isn’t just one of Hyperice’s brand advocates but is one of the company’s top investors.
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1. Whoop
In 2020, Mahomes invested in Whoop when it was valued at $1.2 billion.
Today it’s 3x that at $3.6 billion (and rising).
He also gets a nice marketing fee for being a @whoop brand ambassador.
— Andrew Petcash (@AndrewPetcash) April 18, 2022
A whole other athletic firm that is speedily rising in price is Whoop. Mahomes made significant investments in the firm in 2020 and has already gone up in value in less than two years. They’ve added suitability with other popular fitness trackers like Apple Health and Peloton.
3. Sporting Kansas City
Mahomes also bought a stake in Sporting KC.
MLS Franchise Valuations are on the rise:
2018: $240 M
2019: $313 M
2020: $540 M @SportingKC (currently valued at $557M) has a lot more upside.— Andrew Petcash (@AndrewPetcash) April 18, 2022
Patrick Mahomes purchased a portion of the Kansas City Royals in MLB. He put down a ten-million-dollar deposit on his initial equity stake. It’s an enormous investment, but the franchise’s worth has increased significantly. Moreover, his history in baseball is also notable.
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Mahomes also bought a stake in Sporting Kansas City, a Major League Soccer team. He has established his roots in Kansas City, owning a piece of the Royals and Sporting Kansas City while still playing quarterback for the Chiefs. Brittany Matthews, his wife, is a part-owner of the NWSL’s Kansas City women’s soccer team.
Mahomes draw his favorite fast-food chain from Texas to Kansas
Mahomes, a Texas native, is also a member of a new company investor group that has teamed up with the restaurant to bring it all to Kansas and Missouri, specifically the Kansas City area.
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Congratulations to Patrick Mahomes II for assisting in bringing Whataburger to Kansas City! Exciting times ahead for the Missouri and Kansas area with the addition of 30 restaurants over the next 7 years! #Whataburger #KansasCity pic.twitter.com/03QLaoTG5H
— Leigh Steinberg (@leighsteinberg) August 10, 2021
Whataburger is a fast-food chain based in Texas, specializing in burgers, fries, and various other traditional fast food. Mahomes is bolstering his groundwork in Kansas City, his second home, by introducing 30 Whataburger venues to the area throughout the next seven years.
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It remains to be seen who will reach the one billion mark first: Brady or Mahomes. Who do you think will get to it first?
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Edited by:
Deepika Bhaduri