Roger Federer leaves the billionaires club: the fortune that the tennis legend lost in just 24 hours

Roger Federer has left the ranks of multi-millionaires, according to reports, after experiencing a sharp decline in his wealth over just 24 hours. The Swiss tennis legend's fortune reportedly dropped significantly due to a steep drop in the stock price of On Holding, the sports apparel company he owns shares in. This decline forced him out of the exclusive group of former athletes with multi-billion-dollar fortunes. The stock price of On Holding fell by 19 percent following the announcement that its second-quarter sales had fallen below expectations. According to Forbes, the company recorded net sales of approximately $1.04 billion, representing a 13 percent increase compared to previous years but falling short of the anticipated $1.08 billion. As a result, Federer’s net worth decreased from $1.1 billion to $952 million. Despite this setback, On Holding still managed to achieve a net profit of $129.4 million, surpassing the figures from the same period last year. Its gross profit margin reached 65.4 percent, up from 61.5 percent in the prior year. These results prompted the company to raise its projections for the full fiscal year, anticipating a gross profit margin of 65 percent. Federer became a shareholder in On Holding in 2019, becoming a co-owner and creative collaborator. His major project with the company was the launch of a shoe line called “The Roger.” Another key factor contributing to his entry into the multi-millionaire group was his partnership with Uniqlo, which included a $300 million contract spanning 10 years after ending his relationship with Nike. In 2025, Federer joined an elite group of athletes who have amassed more than $1 billion. Among them were Ion Tiriac, a former tennis player and Olympic ice hockey participant from Romania, who built a fortune through real estate, car dealerships, and financial services, reaching nearly $2.3 billion. Michael Jordan, whose current estimated net worth stands at $3.8 billion, joined the group in 2014. Other notable members include Magic Johnson with around $1.5 billion, Junior Bridgeman with $1.4 billion, LeBron James with $1.2 billion, and Tiger Woods with $1.3 billion. Federer initially entered the multi-millionaire category in 2025, thanks to his successful career and business ventures. However, the recent dip in On Holding’s stock value has led to a significant reduction in his net worth, pushing him below the threshold required to remain in the exclusive group. The situation highlights the volatility of investments tied to sports brands and the impact such fluctuations can have on individual net worth. While On Holding continues to perform well financially, the recent market downturn has affected its shareholders, including Federer. The decline in stock prices and subsequent loss in net worth have raised questions about the stability of investments in sports-related enterprises. Experts suggest that while companies like On Holding show promise, their performance can be unpredictable, especially in response to changing consumer trends and economic conditions. Federer’s exit from the multi-millionaire group underscores the challenges faced by high-profile athletes who rely on brand partnerships and equity stakes for their financial security. It also serves as a reminder of the risks associated with investing heavily in a single enterprise, particularly one that is closely linked to the performance of a specific sport. As the sports industry continues to evolve, the financial strategies of athletes and their investment choices will likely come under greater scrutiny. The case of Federer illustrates how quickly fortunes can shift in the world of professional sports and related businesses.