Kansas City Chiefs quarterback Patrick Mahomes has built substantial wealth, with Celebrity Net Worth estimating his fortune at $90 million as of April 2024. But according to entrepreneur Joe Pompliano, Mahomes’ business potential is just beginning.
In a recent YouTube video, Pompliano discussed Mahomes’ path toward potentially becoming a billionaire, citing his ability to elevate any brand or organization he’s part of.
One major venture in the works is his bid to bring a WNBA franchise to Kansas City. Pompliano highlighted that Mahomes’ ambition, winning track record, and business insight put him in a category similar to other athlete-turned-billionaires such as Michael Jordan and Magic Johnson.
“[He’s] always smart about his money,” Pompliano said.
“Mahomes has taken [his] earnings [and acquired] equity stakes in other businesses. If Mahomes can successfully bring a WNBA team to Kansas City, the fanbase that loves him already will somehow love him even more. Mahomes could find himself as one of only a handful of athletes who become billionaires through professional sports.”
Willing to bring the WNBA to Kansas City
The WNBA’s growing popularity has increased interest in league expansion and Mahomes is positioning himself to bring the league to his hometown.
He’s made it clear that he and his partners are ready to meet the significant financial investment required, estimated at over $50 million.
His previous investments have already shown results, as his part-ownership in the Kansas City Royals and the Kansas City Current has brought substantial increases in fan attendance for both teams.
“We want to get basketball to Kansas City in general,” Mahomes said.
“It’s kind of a no-brainer to try to get a WNBA team in Kansas City, to this fanbase. [If] you talk about University of Kansas basketball, the Chiefs or whatever it is, the city of Kansas City is gonna come out and they’re gonna fill the stadium.”