Federer suddenly lost over $50 million and lost his billionaire status.

Roger Federer has lost more than $50 million in a single day due to a sharp decline in shares of the sports apparel company On, causing his net worth to fall below the billion-dollar mark. According to reports, the Swiss tennis legend’s estimated wealth has dropped to approximately $952 million, or around €826 million, following the drop in the value of On's stock. This marks the first time since he entered the ranks of billionaires that his net worth has dipped below the one-billion-dollar threshold. The sudden loss came after On, a company in which Federer holds a 2.5 percent stake, reported second-quarter earnings that fell short of analyst expectations. The firm generated CHF 850.3 million in revenue during the period, up 13.5 percent compared to the same quarter last year. However, analysts had predicted closer to CHF 880 million, leading to a sharp sell-off on the stock market. Shares of On fell over 20 percent in value on Tuesday, significantly impacting Federer’s investment portfolio. Federer became a billionaire for the first time in 2025, according to Forbes, and was listed as the sixth richest athlete globally at that time. His initial investment in On reportedly amounted to around $50 million, and the company had long been a lucrative asset in his financial portfolio. Despite this setback, his overall net worth still includes substantial earnings from his tennis career and long-term sponsorship deals with major international brands such as Rolex, Uniqlo, Lindt, and Mercedes-Benz. Throughout his professional tennis career, Federer earned over $130 million in tournament prize money. However, much of his wealth stems from decades-long endorsement contracts and successful business ventures. One of his most valuable partnerships was with Japanese clothing brand Uniqlo, valued at approximately $300 million. These income streams have helped him maintain a high level of financial stability even amid the recent losses. Federer, who is currently on vacation in Croatia, has not publicly commented on the situation. He posted photos from his holiday in Rovinj on Instagram, showing him enjoying his time away from the spotlight. Analysts suggest that the current valuation of his net worth does not necessarily reflect long-term trends, and should the value of On’s shares recover, Federer could quickly regain his billionaire status. The decline in On’s share price occurred despite the company reporting record-breaking quarterly revenues. While the firm achieved its highest-ever sales figures for the second quarter, the results were still lower than anticipated, triggering a volatile reaction on the stock market. The drop in On’s stock value affected not just investors but also high-profile stakeholders like Federer, whose financial position is closely tied to the performance of the company. Despite these challenges, Federer remains among the wealthiest retired athletes in the world. His net worth is not solely dependent on his investment in On, but rather a combination of multiple income sources. As such, while the immediate impact of the stock decline is notable, it does not represent a permanent shift in his financial standing. Federer’s tennis career has left an indelible mark on the sport. With 103 titles under his belt, including 20 Grand Slam singles crowns, he stands second in the Open Era behind Jimmy Connors. He won gold in men’s doubles at the 2008 Beijing Olympics alongside Stan Wawrinka and claimed silver in singles at the 2012 London Games. In 2014, he led Switzerland to victory in the Davis Cup, marking a historic achievement for the nation.