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Roger Federer loses billionaire status after $52M loss on Ben Shelton & Iga Swiatek's Sponsor On shares
['Janhavi Shinde']
Sportskeeda
Roger Federer's billionaire status has taken a hit after a sharp fall in On Holdings shares, wiping around $52 million of his wealth.
AdThe Swiss athletic shoe and performance sportswear company's shares fell around 22% on Tuesday after the company reported weaker-than-expected second-quarter sales, missing Wall Street’s expectations.
The shares fell to around $31.48, their lowest level in nearly two years.
In August 2025, Forbes stated that Federer was worth $1.1 billion, reaching billionaire status.
His current endorsement deals, including with companies like Uniqlo and On Holding, boosted him to reach billionaire status in 2025.