ROGER FEDERER LOSES BILLIONAIRE STATUS AFTER SHARE PRICE FALL

Roger Federer's wealth has fallen below the billion-dollar threshold following a decline in the share price of On Holdings, the sportswear company in which he holds a stake. According to reports, the fall in share value has reduced his wealth by approximately $52 million. Federer co-founded On Holdings and has remained a significant shareholder in the company. The decline leaves approximately eight athletes globally with billionaire status, one fewer than before the share price movement.

On Holdings manufactures footwear and sportswear, and has sponsored professional athletes including Ben Shelton and Iga Swiatek. Share prices for sportswear and equipment manufacturers have faced pressure in recent months as consumer spending patterns shift. Federer's financial position remains substantial despite falling below the billionaire threshold, reflecting the scale of his earnings from his tennis career and business ventures.

The change in Federer's billionaire status reflects broader volatility in equity markets and the fortunes of athletes with significant shareholdings in public companies. Federer retired from professional tennis in 2022 after a career spanning more than two decades. His shareholding in On remains material to his overall wealth despite the recent decline.