Patrick Mahomes has built the kind of fortune that makes a Ferrari look less like a splurge and more like a line item.
His financial adviser apparently still wishes he would stop buying them.
It’s not the only battle playing out around the quarterback’s money right now, either — one involves a courtroom, and it has nothing to do with cars. His financial adviser might have bigger things to worry about than his taste in Italian horsepower.
The Kansas City Chiefs quarterback recently admitted in a recent interview that the newest addition to his growing car collection — a Ferrari SF90 — came “against my financial adviser’s wishes.” Mahomes has a habit of keeping the expensive toys once they enter his garage.
“I’m pretty attached to all my cars. I don’t give any of them up,” Mahomes told Robb Report. “I didn’t buy a car until I signed my first big contract. I got a Ferrari 812 Superfast and won’t give that one away. That’s why my financial adviser is so mad at me.”
Mahomes is playing under a contract valued at more than $500 million, and cars aren’t the only place where the three-time Super Bowl champion has shown expensive taste.
Mahomes went all out for the men paid to keep defenders away from him, showering members of his offensive line last year with a Christmas haul that looked more like a luxury retailer’s inventory than a locker-room gift exchange.
The quarterback handed out Hublot Big Bang Unico Black Magic watches valued at roughly $24,000 apiece. He also reportedly supplied Full Swing KIT golf simulators costing about $4,000, $1,699 Aventon e-bikes, $1,500 Rimowa aluminum luggage, Meta AI glasses and Beats Studio Pro headphones.
“Christmas came early for the O-line! Shoutout to QB1 for the gifts,” the Chiefs wrote when sharing the haul.
For Mahomes, generosity and luxury spending are easier to absorb than for almost any other athlete. But even enormous sports fortunes come with risks, and some of his are becoming more visible.
According to USA Today, Mahomes and teammate Travis Kelce are fighting a trademark lawsuit involving their Kansas City steakhouse, 1587 Prime. Sneaker company 1587 Sneakers claims the restaurant infringes on its “1587” name and has accused the NFL stars of minimizing their roles in the venture.
Mahomes and Kelce asked a judge in July to dismiss the claims against them with prejudice. The sneaker company fired back, arguing the pair were the “moving forces” behind a brand built directly from their jersey numbers — Mahomes’ 15 and Kelce’s 87.
The stakes extend beyond an uncomfortable court fight. The plaintiff wants the restaurant to stop using the 1587 name, halt sales of merchandise bearing it and pay punitive damages. The case remains pending.
On top of this, his 2025 season ended after he suffered torn ligaments in his left knee, requiring surgery in December. The Chiefs subsequently missed the playoffs for the first time since Mahomes became their full-time starter, The Associated Press reports.
The good news is that his rehabilitation has reportedly moved ahead of schedule. Mahomes participated throughout the offseason program, arrived at training camp on time and was cleared to practice without restrictions. Still, coach Andy Reid has indicated he may keep his franchise quarterback out of the preseason rather than expose him unnecessarily.
