Roger Federer's net worth dips below $1 billion after On Holding shares tumble
Swiss tennis icon Roger Federer fell to $952.4 million as On Holding's stock dropped about 19%, temporarily ending his billionaire status.
Roger Federer’s net worth has fallen to $952.4 million after the share price of On Holding, the Swiss one outlet-shoe company where he owns a 2.5% stake, declined by about 19%. The loss of at least $52 million removed him from the billionaire list for the moment. Federer’s fortune is largely built on endorsement contracts and investment holdings, with his stake in On and a partnership with Uniqlo having previously propelled him into billionaire territory.
On Holding reported second-quarter net sales of 850.4 million Swiss francs, a 13% increase year over year, though the figure missed the forecast of 878.4 million francs. Despite the miss, market observers do not see any immediate threats to the company’s outlook, implying that Federer’s billionaire status could be restored in the near future.
Why it matters
The shift shows how fluctuations in a single investment can affect the net worth of high-profile athletes.
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