$503M Man Patrick Mahomes Joins the Club of Michael Jordan After Riding the Crypto Slump With a Massive Endorsement Deal With This Company

The Chiefs quarterback Patrick Mahomes is one of the athletes to have investments in various business ventures. Even though he can reap enough money from the league, the quarterback is busy amassing his post-retirement wealth.

Recently, the Texas product has vowed to extend its support to the crypto world by signing a deal with an NFL company. And guess what? The youngster has joined the league of sports legends like Michael Jordan and Tom Brady to have been involved in this business.

Mahomes is backing the NFT firm Dapper Labs Inc, which has collaborations with several famous entities across the sports fraternity. However, this move comes amid the ongoing crisis in the crypto world that plummeted its value in the market. Already there have been concerns over the safety, security, and credibility of these centralized currencies and these business platforms have been lacking support from the people, which led to a slump in its overall market.

But this move will ensure the fans engage more and make up for the void due to fewer celebrity backings. The 26-year-old will be the 2022 season’s face of Dapper’s “NFL ALL DAY,” alongside NBA stars like Michael Jordan and Kevin Durant supporting the company.

Also Read: Patrick Mahomes Once Revealed How Being a Father Brought Him Closer to the NBA Juggernaut LeBron James

“I’m excited for fans to own their favorite Moments from the players and teams that they love, being able to connect directly with players — bridging that gap through ALL DAY is awesome,” Mahomes said in a press release, per reports. However, the details regarding the contract and deal have not been disclosed yet. In the coming days, it is expected to go public.

What are the other investments of Patrick Mahomes?

Patrick Mahomes is one of the few quarterbacks to have inked a ten-year-long contract with the Chiefs in recent years. This deal ensures him as much as $503 million in this tenure, making him one of the highest-paid young signal-callers in the league. But the guy is a true businessman. He chose to invest and compound his wealth.

Although he has found no companies, his investments are mostly in established firms. He is the man behind establishing Whataburger in Kansas City. This brand originated from Texas. However, the quarterback brought the outlet to his new home. Mahomes has also invested in a fitness and health wearable company called Whoop.

Startups like Buzzer, which is a streaming app, receive support from him. The signal-caller contributed to the pool of $20 million initial investment for the company. While Mahomes is already rocking on the football field, it will be interesting to see how viable these investments turn out in the future.

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