Tennis icon Roger Federer has joined the billionaire club after retiring in 2019. With 20 Grand Slam singles titles under his belt, Federer’s wealth has soared, now surpassing only Novak Djokovic and Rafael Nadal in that aspect.
Forbes reports that Federer’s net worth sits at $1.1 billion (£813 million), predominantly fueled by his lucrative partnerships and business ventures. His stake in the Swiss brand On, in which he invested in 2019, has significantly contributed to his billionaire status. The company, now valued at nearly $15 billion (£11.1 billion) after going public on the New York Stock Exchange in 2021, has bolstered Federer’s fortune with his reported $375 million (£277.3 million) stake.
Moreover, Federer’s endorsement deals with renowned brands like Lindt, Mercedes-Benz, Rolex, Moet & Chandon, Nike, and Uniqlo have added over $1 billion (£739 million) to his pre-tax earnings. He becomes the eighth sportsperson to achieve billionaire status, following the likes of Michael Jordan, Magic Johnson, LeBron James, Lionel Messi, Cristiano Ronaldo, Tiger Woods, and the late Junior Bridgeman, who was estimated to be worth $1.4 billion (£1 billion) at the time of his passing in March.
Federer’s remarkable journey to billionaire status showcases his business acumen and enduring influence in the sporting world.