Roger Federer, the Swiss tennis legend, saw his net worth drop significantly in a single day, pushing him out of the exclusive group of athletes with fortunes exceeding $1 billion. According to Forbes calculations, his wealth fell to $952.4 million on August 11, marking his temporary exit from the elite club he had officially joined in 2025. This decline occurred due to a sharp drop in the stock price of On Holding, the sports apparel company for which he is a shareholder. The shares plummeted 19 percent during trading on the New York Stock Exchange, directly impacting his financial standing. The market reaction was triggered by the release of On Holding’s second-quarter 2026 earnings report. While the company recorded revenue of 850.3 million Swiss francs, a 13 percent increase compared to the same period in 2025, the figure fell short of analysts' expectations set by FactSet, which projected 878.4 million francs. As a result, the company's share price dropped to $31.41, reaching its lowest level in over a year. Despite this setback, On Holding showed signs of improvement, reporting a net profit of 105 million francs for the quarter, up from a loss of 40.9 million francs in the same period in 2025. Direct-to-consumer sales also rose by 26 percent, attributed to deliberate efforts to control wholesale sales and maintain a premium brand image. Federer’s financial journey began in 2019 when he became more than just a brand ambassador for On Holding, he played a central role in shaping the business. His 3 percent stake in the company contributed significantly to his rise into the billionaire ranks, helping push his net worth past $1.1 billion in recent years. Beyond his earnings from tennis, which include over $130 million in prize money across his 24-year professional career, his investments have become a major component of his wealth. His involvement in developing the THE ROGER line of footwear has further enhanced both his income and influence within the brand. His partnership with On Holding has been instrumental in expanding his financial portfolio beyond traditional tennis earnings. While he has earned substantial sums from tournaments and endorsements throughout his career, including partnerships with Rolex and Mercedes-Benz, his current assets are largely driven by his equity in the sportswear giant. The recent dip in On Holding's value, however, highlights the volatility of such investments, even for high-profile figures like Federer. Although the decline in his net worth temporarily removed him from the $1 billion club, it does not signal a long-term shift in his financial status. On Holding has revised its annual revenue forecasts, now projecting total revenues between 3,470 and 3,560 million Swiss francs for 2026. This suggests that the company remains optimistic about its future performance, and by extension, Federer’s financial position. His continued association with the brand means that any recovery in On Holding’s stock could quickly restore his fortune to previous levels. Federer, who retired from competitive tennis in 2022, has built much of his wealth through strategic investments and brand collaborations. With a storied career featuring 103 titles, 310 weeks as world number one, and 20 Grand Slam victories, his legacy extends far beyond the court. Yet, his financial success is increasingly tied to ventures outside of tennis, making his recent fluctuations in wealth reflective of broader trends in the investment landscape. As he prepares to participate in a showcase at the US Open, the situation underscores how closely his personal finances remain intertwined with the performance of the companies he has invested in.
★
Keep the news honest.
ObjectiveNews is reader-funded and ad-free — we show you the bias instead of hiding it. Support independent journalism for €4/month.
Become a Supporter
AR
