Federer exits billionaire club as On Holding shares plunge erases fortune
TL;DR
Roger Federer’s billionaire status disappeared after On Holding’s 19% share drop wiped out an estimated $52 million of his stake, lowering Forbes-estimated net worth to about $952 million. His wealth heavily hinges on a 2.5% stake in On and a string of endorsements, including a landmark Uniqlo deal, with most of his earnings originating from his playing career and brand partnerships.
- Roger Federer loses billionaire status as fortune wiped out in day of carnage New York Post
- Roger Federer Is No Longer A Billionaire After Sneaker Brand Shares Slump Forbes
- Roger Federer ‘no longer a billionaire’ after sportswear company’s share price plummets sports.yahoo.com
- Federer loses millions as fortune wiped out News.com.au
- Here’s how much Roger Federer is losing as On Holding says it is being disciplined on price marketwatch.com
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