Tennis great Roger Federer has slipped from his billionaire status following a sharp market downturn that reduced his net worth to approximately $950 million, according to financial tracking from Forbes. The shift stems directly from a steep decline in shares of Swiss athletic footwear and apparel brand On, where Federer holds an ownership stake of roughly 2.5 percent.
Market Volatility and the On Stock Drop
According to financial reports, On reported record revenue for the second quarter but simultaneously adjusted its full-year revenue growth forecast downward. The company lowered its expected growth from a minimum of 23 percent down to the low-20-percent range, driven largely by softer-than-expected performance in the United States market. Market reaction was swift, sending On shares plummeting by 19 percent.
As a co-owner who initially invested $50 million into the enterprise, Federer absorbed an estimated $52 million to $80 million hit to his portfolio depending on valuation markers. His holdings in the company are currently valued across multiple classes of stock, including approximately $296 million in Class-A shares and roughly $341 million in Class-B shares.
From Billionaire Milestone to Market Realities
Financial analysts previously marked Federer’s inclusion in the billionaire ranks last year, making him the sixth athlete globally to reach that financial milestone. His current valuation sits right below the threshold at $952 million according to Forbes figures, while other financial publications estimate the total near $950 million.
Throughout his career and retirement, Federer has maintained a distinct boundary regarding his financial investments, rarely commenting publicly on his business ventures.
Current Activities and Context
Away from the financial markets, Federer recently celebrated his 45th birthday on August 8. Public updates placed the Swiss star abroad in Croatia, where he shared vacation scenes from the coastal town of Rovinj, spending time cycling, swimming, and boating with his family.
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