Roger Federer Loses Billionaire Status After $74M Fortune Hit
Synopsis
The tennis legend’s estimated fortune dropped below $1 billion after a steep sell-off in Swiss sportswear company On Holding.
Roger Federer is no longer a billionaire as shares of On Holding were down nearly 22% on the US market after the company reported a second-quarter profit, with Forbes estimating the tennis star’s wealth at less than $1 billion post-sale.
Federer’s stake in the sports clothing label had earlier this year amounted to roughly 1.1 billion dollars, according to Forbes. As such, the former tennis champion’s net worth is directly tied to the stock price of On, as he owns a share in the company, which means that any changes in the value of the paper impact his personal wealth.
The value of the shares owned by him is projected to have decreased by approximately $50 million during the trading session, although his exact net worth changes with On’s share price.
The $74 million, as indicated by the headline figure of the article, which illustrates the overall reduction in his estimated net worth.
On Sales Miss Estimates as Americas Growth Slows
On reported CHF850.3 million in net sales for the second quarter, which represents an increase of 13.5% compared to the same period last year, however, the company reported a sales increase of 21.6% on a constant currency basis, compared to analyst expectations of CHF878.16 million, according to Reuters.
The Americas were the company’s largest market, which generated sales of CHF451.6 million for the three-month period, representing a 4.5% growth increase, with a 13% growth on a constant currency basis, compared to 17% recorded in the previous quarter.
Asia-Pacific was the company’s second-largest region, which saw a jump in sales of 43.1% to CHF170.5 million, while EMEA registered a 15.4% increase to CHF228.2 million.
Strong Half-Year Results, Lower 2026 Sales Range
The company’s net sales for the first half of the year amounted to CHF1.682 billion, representing a 14% increase from the same period last year, while net income for the first half of 2026 came to CHF208.3 million, compared to a net income of CHF15.8 million recorded during the same period in 2025.
Meanwhile, the company’s net income attributable to On for the second quarter came to CHF105 million, compared to a net loss of CHF40.9 million recorded in the second quarter of 2025. Direct-to-consumer sales, in turn, rose by 26% to CHF388.4 million.
As such, On expects full-year 2026 net sales to come in between CHF3.47 billion and CHF3.56 billion, compared to its previous guidance of at least 23% year-over-year growth in net sales.
Source: Forbes
Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
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