Roger Federer's Net Worth Dips Below $1 Billion as On Holding Shares Fall

What Happened

Tennis icon Roger Federer is no longer a billionaire, according to estimates. His net worth dropped below the $1 billion threshold as shares of On Holding, the Swiss athletic shoe company where he has an equity stake, experienced a significant decline.

This share price slump occurred after On Holding announced it had missed its second-quarter sales expectations. The company reported net sales of approximately 850.4 million francs for the quarter, which represented a 13% increase but fell short of projections of around 878.4 million francs.

Key Facts

• Roger Federer's net worth decreased to an estimated $952.4 million.
• The share price of On Holding fell approximately 19% on Tuesday.
• Federer owns an estimated 2.5% stake in On Holding.
• On Holding reported second-quarter net sales of 850.4 million francs.
• Federer's wealth initially surpassed $1 billion due to his stake in On Holding.
• The company reported a net income of 105 million francs for the quarter, an improvement from the same period last year.
• Federer joined On as a co-owner in 2019.
• Federer retired from professional tennis in 2022.
• He earned approximately $131 million in prize money during his career.
• Federer has endorsement deals with companies such as Uniqlo.
• Federer is scheduled to be honored at the 2026 International Tennis Hall of Fame induction ceremony on August 29.

Background

Federer's association with On Holding began in 2019, with the company describing him as a "close partner to our founders." His stake in the Swiss athletic shoe company was a significant factor in his rise to billionaire status. Previously, Federer concluded his 24-year professional tennis career in 2022, having won 20 Grand Slam titles and accumulating over $131 million in prize money. His continued wealth is also supported by endorsement agreements with brands like Uniqlo.