NEW YORK: Roger Federer’s net worth fell below $1 billion on Tuesday after On Holding shares dropped about 19%, cutting at least $51 million from his fortune, Forbes estimated.
Forbes valued Federer’s fortune at $953.4 million on August 11. The figure remains an intraday estimate and can change with On’s share price.
The Swiss sportswear company reported second-quarter net sales of CHF850.3 million. Sales rose 13.5% from a year earlier but missed the CHF878.4 million expected by analysts surveyed by FactSet.
We also forecast constant-currency sales growth in the low-20% range for 2026. At current exchange rates, that implies annual revenue between CHF3.47 billion and CHF3.56 billion.
However, the company’s profitability improved. On’s official results showed net income of CHF105 million, compared with a CHF40.9 million loss a year earlier.
Its gross profit margin increased from 61.5% to 65.4%. Therefore, On raised its full-year margin forecast to at least 65%.
Read: Roger Federer US Open Return Set For August 25
Forbes previously estimated that Federer’s minority stake in On played a major role in lifting his wealth above $1 billion in 2025. He joined the company as an investor and business partner in 2019.
The retired Swiss player also helped develop the Roger footwear range. One describes him as a close partner to the founders rather than a traditional sponsored athlete.
Federer retired from professional tennis in 2022 with 20 Grand Slam singles titles. He earned about $131 million in career prize money and built additional wealth through endorsements, including his long-term Uniqlo agreement.
