patrick mahomes business, investments (Via X)
Patrick Mahomes just renegotiated his Chiefs contract into an eight-year, $504.75 million deal that could top $522 million with incentives– the richest average annual salary in NFL history. His off-field earnings stood at $25 million in 2024, more than double the next-highest NFL player. He owns stakes in an F1 team, a wearable fitness company now valued at $10 billion, multiple professional sports franchises, and a coffee brand. At 30, the billionaire conversation around Mahomes is no longer hypothetical. The Royals were acquired in 2019 for $1 billion. In March 2024, the club opened CPKC Stadium, an 11,500-seat venue that became the first purpose-built stadium for any women’s professional sports team in the world.
But the more interesting story isn’t the contract. Patrick Mahomes has built ownership positions in the Kansas City Royals (MLB), Sporting KC (MLS), Kansas City Current (NWSL), and the Alpine F1 Team and he did it early. MLB valuations have climbed sharply since. His stake in Sporting KC and the Kansas City Current rounds out a Kansas City portfolio that isn’t accidental — it’s deliberate city-building by a guy who clearly sees himself as part of this city’s infrastructure long after football. The Current investment, in particular, deserves more credit than it gets. Ryan Reynolds and Rob McElhenney, also the owners of Wrexham AFC, had joined Alpine’s investor group in June before this round. The F1 boom driven by the *Drive to Survive* documentary effect has made team stakes genuinely attractive, not just cosmetically appealing. Mahomes isn’t chasing a trend — he got in when the North American F1 audience was still finding its feet.