Tennis Legend Loses Billionaire Status After Fortune Drops

AELTC/JOE TOTH / POOL/AFP/AFP via Getty Images Roger Federer has lost at least $52 million in stock, knocking him out of billionaire territory. The 20-time grand slam champion owns 2.5 percent of the sneaker brand On, which plummeted 19 percent on Tuesday, according to Forbes. The former Swiss tennis player, 45, now has a net worth of $952 million. It was estimated last year to be $1.1 billion. The high-performance Swiss sneaker brand was founded in 2019 in Zurich and released “The Roger”…