Roger Federer net worth Reaches $1 Billion
The 20-time Grand Slam champ is now officially a billionaire. Forbes reported on Friday, August 22, that the tennis legend’s wealth sits at about $1.1 billion.
The 44-year-old is one of the best-paid tennis stars of all time. Over a 24-year ATP career, he earned about $131 million in prize money, trailing only Novak Djokovic’s $189 million and Rafael Nadal’s $135 million.
Still, the real wealth booster has been Federer’s 2019 investment in Swiss sports brand On. He bought a sizable chunk of the company. He learned about On when his wife, Mirka, kept raving about the brand’s sneakers. A few phone calls later, he met founders David Allemann, Olivier Bernhard, and Caspar Coppetti, and decided to become a backer.
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From there, he worked with the brand to develop a pro-quality tennis shoe and a swag line for fans. The company went public on the New York Stock Exchange in 2021 and now has a market cap of nearly $15 billion. Forbes says his 3% share is now valued at over $375 million, pushing him across the billion-dollar finish line.
His backing of On Running fits perfectly with the high-profile brand deals he has sealed over the years. After deciding to walk away from Nike in 2018, he inked a 10-year, $300 million pact with Uniqlo. Nike, for its part, had previously handed over about $150 million during a 20-year run.
Other partners in his portfolio have included Lindt, Mercedes-Benz, Rolex, and Moët & Chandon.
Alongside On, his sheet of investments shows stakes in private jet service NetJets, designer eyewear maker Oliver Peoples, and UBS, the international bank.
In 2013, he and Tony Godsick started the sports marketing firm Team8; they followed with the Laver Cup in 2017. The annual invitational features a 12-man team from Europe squaring off against a lineup of international stars.
Now he has joined the exclusive band of living athletes whose fortunes have breached the $1 billion mark, the only other tennis player to do so being Ion Tiriac.
In 2014, Forbes declared Michael Jordan a billionaire, and today he stands at $3.8 billion. Magic Johnson crossed the threshold in October 2023 at a cool $1.5 billion. Just a few weeks earlier, Junior Bridgeman passed at $1.4 billion in March.
LeBron James and Tiger Woods are the only athletes still in the arena to clear the billion mark. Forbes reverse-engineered the numbers, reporting James, age 40, crossed the line in June 2022 and now sits at $1.2 billion. Woods, 49, followed in the same month and now counts $1.3 billion in the bank.
