Roger Federer net worth falls below $1 billion after On Holding stock drop

Roger Federer has seen his net worth drop below the billion-dollar mark following a significant decline in the stock value of On Holding, the Swiss sportswear company in which he is an investor.

On Holding shares fell by 19% after the company reported second-quarter net sales that missed market forecasts. As a result, Federer’s wealth decreased by an estimated $52 million in a single day, bringing his total fortune down to $952 million, according to Forbes.

Federer has maintained a close relationship with the company since 2019, serving as both a shareholder and a creative collaborator. His 2.5% stake in the firm, which included involvement in product lines such as ‘The Roger’ footwear, had previously contributed significantly to his wealth.