Tennis Icon Roger Federer Becomes Billionaire, Forbes Estimates Net Worth is $1.1B
Roger Federer is already considered one of the greatest tennis players in the history of the sport.
But he now belongs to another exclusive club.
Justin Birnbaum of Forbes reported Friday the publication estimates Federer's net worth to be $1.1 billion. That makes him one of seven athletes to reach such billionaire status and puts him alongside some of the most notable names in sports history:
- Michael Jordan
- Tiger Woods
- LeBron James
- Magic Johnson
- Ion Tiriac
- Junior Bridgeman
- Roger Federer
There is no doubt Federer made some of his fortune on the tennis court.
After all, he won 20 Grand Slam titles and 103 tournaments overall on his way to approximately $131 million in prize money. Birnbaum noted only Novak Djokovic ($189 million) and Rafael Nadal ($135 million) have made more in prize money alone when it comes to tennis.
Yet much of Federer's money comes from his endeavors off the court with a list of endorsements that includes Lindt, Mercedes-Benz, Rolex and Moët & Chandon.
He was also previously with Nike but left the apparel giant in 2018 to sign an even larger deal with Uniqlo. After joining Uniqlo, he then took an equity stake in the Swiss shoe and apparel brand On in 2019.
At the time, it was an up-and-coming business, but it has since grown in popularity and went public on the New York Stock Exchange in 2021. Federer was a part of the company's ascent, as he helped develop an on-court tennis shoe and a lifestyle apparel line.
Federer won plenty of tournaments on the court, but the decision to join On remains among his biggest victories and is a major contributing factor to his new status as a billionaire.
