Patrick Mahomes Is Trying to ‘Build a Business Empire’

Athletes are not just happy being rich and famous from playing sports. Modern day athletes want it all, and they’re looking to make Billions, not millions. Enter Patrick Mahomes, who already has amassed great wealth. Mahomes already signed a record-setting 10-year $503 million contract in 2020, he also purchased a minority stake in the Kansas City Royals. But now he’s looking to expand beyond his NFL contract, and has his sights set on building a business empire.

Mahomes spoke about his business aspirations:

“I am trying to build an empire off the field in every way,” Mahomes, 25, told Yahoo Finance Presents. “I watch a lot of the great athletes that came before me and they found ways to build their empire and to build themselves up off the field, so I am trying to do that as much as possible.”

“The biggest thing is to do the stuff you love and you have a passion for because if you do that, you usually figure out a way to make it work. That has been big to me, not to just invest in everything but to invest in stuff that you truly believe in,” Mahomes said.

As for adding stocks to his portfolio of investments, Mahomes lets his financial advisors handle that.

“I do a little bit [of dabbling in stocks], but I usually have a financial advisor that kind of steers me in the right direction that way. I’m pretty conservative I would say so myself, but as I have learned more and more I try to do a little bit more,” added Mahomes.

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"As far as athletes go, you look at Michael Jordan… Lebron James… Alex Rodriguez… Mark Cuban," @Chiefs quarterback @PatrickMahomes says. "You try to take away from what they've done successfully, what they've done that hasn't worked out, and make it your own." pic.twitter.com/mkEf4zW809

— Yahoo Finance (@YahooFinance) April 1, 2021

You need money to make money, and Mahomes has plenty of that at his disposal.

Props to him trying to expand, but he must not forget what butters his bread. If he doesn’t keep winning or getting to Super Bowls, no one will care.

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