Tennis Legend Loses Billionaire Status After Fortune Drops
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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 ha
Federer loses billionaire status as On shoes share price slumps
According to US business magazine Forbes, former Swiss tennis star Roger Federer is no longer a billionaire, following a slump in the share price of the Swiss sports footwear manufacturer On. Forbes estimates that Federer’s net worth fell to around US$949 million after shares plunged in the Swiss company in which he ho