$504.75 million. That is what the Associated Press reported on June 10, 2026 as the value of Patrick Mahomes’ reworked Kansas City Chiefs contract, now running through 2033. It averages $63.1 million a year, and incentives and escalators could take it to $522.25 million. Over The Cap counts it at $64 million a year, the highest average in the NFL.
His net worth is a smaller number than that contract, for the simple reason that most of the contract has not been paid. Celebrity Net Worth estimates it at $160 million, on a page last updated August 31, 2026. Here is what is documented.
The contracts
Mahomes has signed two record-setting deals with the Chiefs.
- July 2020: a 10-year extension. The AP reported it at $450 million; Forbes describes it as “worth up to $503 million” including incentives.
- June 2026: the rework through 2033, at $504.75 million by AP’s count. Chairman Clark Hunt called him “a generational talent and an elite human being.”
The guarantee is unusually small. Over The Cap lists $95.55 million guaranteed, 21.3% of the $448 million it counts as the contract’s value. That is the lowest share among the 14 quarterbacks paid $40 million or more a year; the typical share is about half, as our quarterback contract rankings show. In practice it means most of the money depends on Kansas City keeping him on the roster, which for Mahomes has never been in doubt.
What he has earned so far
Over The Cap’s career earnings table puts Mahomes at $231.9 million, all of it from the Chiefs. That is 16th in NFL history and eighth among active players. Matthew Stafford leads all players at $408.0 million. Mahomes is behind several quarterbacks with fewer titles but longer careers or earlier big deals, including Kirk Cousins ($331.5 million), Dak Prescott ($295.4 million) and Jared Goff ($259.6 million). Adjusted for the salary cap’s growth, Over The Cap puts Mahomes at $308.6 million. Our NFL career earnings leaders page has the full list.
What he earns in 2026
Forbes’ 2026 list of the highest-paid NFL players, dated September 13, 2026 on his Forbes profile, puts his earnings at $86.8 million, salary and endorsements combined. Forbes notes that he has far more endorsement deals than most NFL players can count on, but does not publish the split in the profile.
Beyond football
Forbes lists minority stakes in four teams:
| Team | League |
|---|---|
| Kansas City Royals | MLB |
| Sporting Kansas City | MLS |
| Kansas City Current | NWSL |
| Alpine F1 Team | Formula 1 |
The sizes of those stakes have not been disclosed, so we do not value them. Mahomes is part of a broader pattern of athletes buying into teams while still playing, covered in our list of athletes who own sports teams.
What $160 million means
A $160 million estimate against $231.9 million of career earnings is consistent with what a paycheck becomes after federal and state income tax, agents’ fees and living costs. Celebrity Net Worth’s figure is one outlet’s estimate; no public filing confirms it. What is not an estimate is the contract schedule: the AP’s reported $504.75 million runs through 2033.
The bottom line
Mahomes’ fortune is still mostly in the future. He has earned $231.9 million, he is paid more per year than anyone in the sport, and he owns pieces of four teams. With only 21.3% of his contract guaranteed, the rest of that fortune depends on the simplest thing in football: staying on the roster until 2033.
More from Absolute Baller:
- Highest-Paid NFL Players 2026: Top 25 Contracts
- NFL Quarterback Contracts 2026: Every QB Deal Ranked
- NFL Career Earnings Leaders: Stafford Tops Brady
- Travis Kelce’s $12M Deal Is His Smallest Paycheck Now
- Athletes Who Own Sports Teams: The 2026 List
Frequently Asked
What is Patrick Mahomes' net worth in 2026?
Celebrity Net Worth estimates it at $160 million, on a page last updated August 31, 2026. That is an estimate, not a disclosed figure. It sits below his $231.9 million in career NFL earnings because those earnings are gross, before taxes, agents' fees and spending.
How much is Patrick Mahomes' new contract?
The Chiefs reworked his contract in June 2026 to run through the 2033 season. The Associated Press reported it on June 10, 2026 at $504.75 million, an average of $63.1 million a year, with incentives and escalators that could take it to $522.25 million. Over The Cap counts it at $64 million a year, with $95.55 million guaranteed.
How much does Patrick Mahomes make a year?
Forbes' 2026 list of the highest-paid NFL players estimates his earnings at $86.8 million, salary and endorsements combined. His contract's average annual value is $64 million in Over The Cap's database, the highest in the NFL.
How much has Patrick Mahomes earned in his NFL career?
$231.9 million on NFL contracts, according to Over The Cap's career earnings table on October 28, 2026. That ranks 16th in NFL history and eighth among active players. Adjusted for salary-cap growth, Over The Cap puts it at $308.6 million.
What teams does Patrick Mahomes own part of?
Forbes lists minority stakes in MLB's Kansas City Royals, MLS's Sporting Kansas City, the NWSL's Kansas City Current, and the Alpine Formula 1 team.