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 ha

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

Roger Federer is no longer a billionaire with the tennis icon watching on as millions of dollars were wiped out on Tuesday. The 20-time grand slam champ lost a fortune when luxury sneaker brand On suffered a share price collapse as a result of softer sales than forecast. According to Forbes, the 19% plummet was worth..

Roger Federer Is No Longer A Billionaire After Sneaker Brand Shares Slump  Forbes