Federer is the fourth athlete to become a billionaire according to the American magazine, following basketball players Michael Jordan (USD 3.5 billion), LeBron James (USD 1.5 billion), and golfer Tiger Woods (USD 1.4 billion).
Despite retiring in 2022, Federer maintains numerous endorsement deals. A leading Japanese fashion brand pays him USD 300 million over 10 years, even after his retirement. He also receives sponsorship from a luxury Swiss watchmaker and a well-known American sportswear company. Federer commands high marketing value due to his scandal-free career, both on and off the court.
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Roger Federer watches the women's singles quarterfinal match between Aryna Sabalenka and Zheng Qinwen at the US Open in New York on 6/9/2024. _Photo: AP_ |
The former Swiss tennis player earned USD 130.6 million in prize money during his career from 1998 to 2021, the majority stemming from his 20 Grand Slam singles titles. However, this sum constitutes a small fraction of his total wealth.
Federer's most significant financial success is his investment in the Swiss running shoe company On Holding AG. The company is currently valued at USD 17 billion, with the 43-year-old former player holding approximately a 3% stake, equivalent to at least USD 500 million. His wife, Mirka, indirectly introduced him to On by purchasing their shoes.
Federer's total assets now reach USD 1.3 billion, marking his first appearance on the Billionaires Index. Sources close to "FedEx" suggest he possesses even more wealth.
Bloomberg, an American financial magazine established in 1981, is renowned for its Billionaires Index. When calculating net worth, they consider liquid assets such as cash, stocks, investments, equity, and real estate that generate tangible value.
Soccer superstar Cristiano Ronaldo has consistently topped Forbes' list of highest-paid athletes for many years. However, he lacks a truly valuable investment like Federer's in On.
Jordan consistently leads the list due to his ownership of his namesake brand with a leading global sportswear company. He also sold his stake in the Charlotte Hornets basketball club, estimated to have yielded a profit of USD 2 billion.
Hoang An (_via Bloomberg_)
