“I am trying to do that as much as possible”: How Patrick Mahomes’ growing business empire is now turning his off-field dream into reality

Patrick Mahomes had already conquered much of the NFL world when he started thinking about life beyond football. In April 2021, the Kansas City Chiefs star openly said he wanted to build an empire away from the field.Now, that ambition has taken shape through sports ownership, production and investments in performance technology. Mahomes is no longer simply using his fame to promote brands. He is putting his money behind businesses and teams he believes can grow. How did Patrick Mahomes turn his off-field ambition into a growing business empire?Patrick Mahomes explained his plans during a Yahoo Finance Presents interview in 2021. He was just 25 at the time, but his business ambitions had already moved well beyond traditional endorsement deals. After signing his record-setting 10-year, $503 million Chiefs contract in 2020, Mahomes bought a minority stake in the Kansas City Royals and invested an undisclosed amount in Whoop, which was then valued at about $1.2 billion.“I am trying to build an empire off the field in every way,” Mahomes said during that interview. He then explained how athletes such as Michael Jordan and Alex Rodriguez influenced his thinking, adding, “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.”His actions since then have followed that idea. Mahomes joined the ownership group of the Kansas City Current in 2022 alongside his wife, Brittany Mahomes. The Current's official profile also identifies him as a co-owner of the Kansas City Royals and Sporting Kansas City, while listing him as the founder of 2PM Productions. His involvement with the Current also made him the first active NFL player to hold equity in an NWSL team.Then came Formula 1. In October 2023, Mahomes joined an investment group that took a stake in Alpine F1. He explained at the time that he had been watching the sport grow and wanted to take advantage of the opportunity. Mahomes also made it clear that his interest in sports ownership had not stopped there, saying he was always looking around for opportunities outside the NFL.That pattern says more about his strategy than any single investment. Mahomes has gradually moved from being the face of brands to becoming an owner and investor himself. His portfolio now touches baseball, women's soccer, MLS, Formula 1, entertainment and sports technology, giving him interests that extend far beyond his work as the Chiefs quarterback. Why does Patrick Mahomes’ investment strategy make his 2021 business dream look more real today?Whoop remains one of the clearest examples of the strategy working. Patrick Mahomes invested in the wearable technology company when it carried a valuation of roughly $1.2 billion. On March 31, 2026, Whoop announced a $575 million Series G funding round at a $10.1 billion valuation. That is a major jump from the company's valuation when Mahomes first invested. However, his investment amount and exact ownership stake remain private, so his personal return cannot be calculated from the valuation alone.The bigger story, though, is not just Whoop. Mahomes has repeatedly chosen businesses and sports properties that connect with his interests. His investment in Alpine gave him a place inside one of the world's fastest-growing sports properties, while his ownership positions in Kansas City teams keep him closely connected to the city where his NFL career took off. His role with 2PM Productions also shows that he is building something on the media side rather than relying entirely on football income.Mahomes has also been open about the fact that investing does not always work out. During the same 2021 Yahoo Finance interview, he admitted that some of his investments had not been successful. Instead of treating those setbacks as a reason to stop, he explained the lesson he took from them.“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,” Mahomes said. He added that he wanted to invest in things he “truly believe[d] in.”In 2021, Mahomes talked about following athletes who built lasting empires beyond their playing careers. And currently, he has ownership across multiple sports, a production company and early investments that have grown alongside major businesses. The exact value of his private portfolio remains unknown, but the direction is obvious. Mahomes did not just talk about building something beyond the Chiefs. He has spent the years since that interview putting the pieces together.Get the latest Sports News and Live updates. Download the TOI app.